Making George Town pedestrian-friendly, one back lane at a time

February 21st, 2017 No comments

back-lane-upgradeThe unkempt and inaccessible back lanes of George Town will soon be upgraded, beautified and opened up for easy access to pedestrians and cyclists.

Starting with three small lanes first, the Penang Island City Council (MBPP), together with Think City, plans to renovate these, upgrade the drainage systems and widen them in accordance with the heritage zone’s Special Area Plan (SAP).

MBPP secretary Yew Tung Seang said the plan was to turn these back lanes into recreational and relaxation spaces for the residents and passers-by.

“Currently, some of these back lanes are blocked, dirty and dark so we hope to open it up to make it easier for people to use these lanes to access another road safely without using the main roads,” he said during an open dialogue with residents on the proposed back lanes project at Komtar this morning.

The opening up of these back lanes, which includes adding lighting, will turn these into easy and safe connections within the inner city for pedestrians and cyclists.

Yew said the council wanted to engage with the affected residents and house owners through a dialogue session before implementing the project, however.

The MBPP selected three back lanes for this initial proposal: from Jalan Magazine to Jalan Gurdwara, from Jalan Cheong Fatt Sze to Jalan Dr Lim Chwee Leong and from Lebuh Tamil to Jalan Dr Lim Chwee Leong.

All three lanes are near to the city centre around Komtar, where the state government’s administrative centre is located.

20172002_jalan_magazine_jalan_gurdwara_penang_back_lane

The backlane of Jalan Magazine leading to Jalan Gurdwara will be turned into an access lane for the public

Amongst the proposed upgrades are to turn these spaces into gardens, open air cafes and creative art corners.

“We are now obtaining feedback from the stakeholders before implementing it,” Yew said.

The dialogue session was disrupted when a resident, Lim Eng Chew, started voicing safety concerns regarding the project.

“Have you asked the Bomba? What happens when there’s a fire if you close up the lanes? How is the Bomba going to get in? Is the Bomba here today? You didn’t even ask the Bomba,” he shouted.

He went on about how he has lived there all his life and witnessed over 19 fires in the area in that time.

“Do you know if some vehicle blocked the entrance, the Bomba couldn’t get in? I’ve complained to the council so many times about these vehicles blocking the lanes but nothing was done,” he said.

He then continued telling the council in Hokkien that these back lanes are not spaces for “fancy cafes” and gardens but are meant as escape routes for residents in case of emergencies.

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Backlanes, such as this one, will be upgraded for easy access by pedestrians and cyclists

“These back lanes are for the people living there to get in and out, not for some project,” he said and continued to create a ruckus without waiting for Yew to reply. Lim was finally ushered out after several minutes of continuous shouting.

Yew explained to the remaining stakeholders in the hall that the project will not close up the lanes or block access to the residents.

“The project was to open it up, beautify it and upgrade the lanes for the people there,” he said.

Think City chief operating officer Neil Khor, who was also present, explained that the project will be similar to Think City’s pilot Armenian Street back lanes project.

“This is not just a beautification project but a larger upgrading project for the whole of George Town according to the Special Area Plan and this also means improving the drainage system, creating a trench for the utilities so they don’t dig up the back lanes when conducting their repairs and using special porous concrete to allow rainwater to drain off faster,” he said.

In Think City’s Armenian Street Back Lanes project, Khor said they worked with all the residents and stakeholders to get their participation in the whole project.

Read More: TheMalayMailOnline.com

 

 

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EcoWorld sees property market improving in 2017

February 20th, 2017 No comments
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EcoWorld’s upcoming development @ Batu Kawan, Penang

Premier lifestyle developer Eco World Development Group Bhd (EcoWorld) is optimistic about the overall property market this year, which it expects to improve, partly anchored by factors that include low interest environment and positive buying sentiment.

“I acknowledge that the property market is still challenging. But this year is going to be a positive year, as compared to last year. Despite volatilities from the goods and services tax, we still managed to garner good sales.

“This year, we are confident of achieving our sales target of RM4 billion,” its chief executive officer Datuk Chang Khim Wah (pictured) told reporters, after the company’s extraordinary general meeting here today.

In the financial year ended Oct 31, 2016 (FY2016), EcoWorld clocked in RM3.8 billion sales, with unbilled sales at RM4.9 billion. To date, the group’s unbilled sales, inclusive of subsidiary Eco World International Bhd’s numbers, is at RM6 billion.

“The low interest regime is stable and attractive for the current property market for now,” he added. Currently, Malaysia’s interest rate level, as measured by the overnight policy rate, stands at 3%, after Bank Negara lowered it by 25 basis points on July 13, 2016.

This year, Chang said EcoWorld will be focusing on 17 of its core developments projects that spans across three growth areas: Penang, Klang Valley and Iskandar Malaysia in Johor.

EcoWorld’s upcoming development @ Batu Kawan – Eco Horizon

“We have our hands full with the current projects and that is going to keep us busy for this year,” he said, adding that for now, Eco World has no plans to make a foray into Sabah and Sarawak.

EcoWorld is currently developing some 8,052.7 acres of land, with total gross development value (GDV) of RM87.5 billion. Its undeveloped landbank stands at about 5,500 acres, which an estimated GDV of RM77.5 billion.

“If we are to acquire and replenish more of our landbanks, the price has to be right and the location has to make sense. The land must be situated closer to highways,” Chang said, adding EcoWorld is always on the lookout for exciting opportunities.

On gearing, EcoWorld chief financial officer Datuk Heah Kok Boon said it is still accomodative and relatively stable for the company at the moment, but Eco World is always mindful of it and that it will pare down debts to ensure a healthy balance sheet.

“We will always ensure that our debt and gearing level will be at a comfortable level to ensure the sustainability of our financial position. As and when the need arises, we might want to either gear up or gear down, but we must do it cautiously to ensure that our financial health is always at an optimal level,” Heah added.

As at end-Oct 2016, Eco World’s total interest-bearing borrowings stood at RM2.86 billion, equivalent to 0.76x or 76% in gearing ratio.

Meanwhile, Chang was tightlipped when asked about speculations that Eco World was in talks over a potential merger with Sime Darby Bhd’s property arm.

“No comment,” he said, adding that EcoWorld “does not comment on rumours and market speculation.”

Source: TheEdgeProperty.com.my

 

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Imperial Grande

February 18th, 2017 14 comments

upcoming-sungai-ara-modular-platinum

Imperial Grande, an upcoming mixed development by Modular Platinum Sdn. Bhd. (Ideal Property Group) in Sungai Ara, Penang. It is located along Jalan Fettes, surrounded by Iconic Skies, Gardens Ville and Imperial Residence.

This development will offer a mix of landed and high-rise properties, with 2 level of shop offices located below the residential tower:

  • Parcel 1: 3-storey bungalow (37 units), 3-storey semi-detached (6 units)
  • Parcel 2: 2 blocks of 46-storey condominium (938 units), shop offices (65 units)

More details to be available upon official launch.

Project Name: Imperial Grande
Location :
 Sungai Ara, Penang
Property Type : Mixed dveloment
Land Tenure : Freehold
Total Units: 938 (condo), 65 (shop office)
Built-up Area: 1,000 sq.ft. onwards (condo)
Indicative Price : (to be confirmed)
Developer : Modular Platinum Sdn. Bhd. (Ideal Property)

Register your interest here

Location Map:

 

UPCOMING: Butterworth / Genius Access Sdn. Bhd.

February 17th, 2017 No comments

proposed-development-gemius-access-sdn-bhd

A newly proposed strata development by Genius Access Sdn. Bhd. at Butterworth, Penang. Located off Jalan Tembusu 5, next to The Residence gated and guarded scheme by Airmas Group. It is only 15 minutes away from the upcoming Penang Sentral, about 30 minutes drive to Penang Bridge.

This development comprises a 10-storey condominium offering 102 residential units, and 12 units of 3-storey terrace houses.

Project Name : (to be confirmed)
Location : Butterworth, Penang
Property Type : Condominium and terrace
Total Units: 102 (condo), 12 (terrace)
Built-up Size: (to be confirmed)
Indicative Price: RM436,000 onwards (condo), RM639,000 onwards (terrace)
Developer : Genius Access Sdn. Bhd.

Register your interest here

Location Map:

(Maps show approximate location)

 

 

Another six months to get approval for Penang Transport Master Plan

February 16th, 2017 1 comment

PTMP LRT & PILThe Penang government has extended by six months the validity period of the award letter for SRS Consortium, the project delivery partner (PDP), of the Penang Transport Master Plan (PTMP) project.

The award letter was to expire by the end of this month but will now be valid until June to allow the PDP more time to obtain the necessary approvals from the relevant authorities.

State Local Government, Traffic Management and Flood Mitigation Committee chairman Chow Kon Yeow said the state did not anticipate the long time needed in getting the approvals.

“This is just a technicality and we will continue to extend the award letter until they obtain the necessary approvals from the various authorities for the project,” he said in a press conference yesterday when asked about the issue.

The RM27 billion PTMP is an ambitious undertaking to link Penang Island and the mainland with rail transit systems, new highways, trams, rapid bus routes and water taxis.

Funding the project hinges on reclaiming some 1,618ha of land but approval has to come from the federal government as reclaiming more than 100ha must be referred to the National Physical Planning Council.

In April last year, the state submitted plans for a light railway transit (LRT) system linking Komtar and Bayan Lepas to the Land Public Transport Commission (SPAD).

The LRT line, a Pan Island Link (PIL) highway and the proposed reclamation are the first phase of the PTMP.

In a related issue, Chow said the public display of the PDP request for proposal (RFP) documents has been extended until Feb 28 at the Dewan Sri Pinang.

He said 70 people have viewed the documents to date and feedback from 13 people, questions and suggestions have been recorded.

“Out of the 13, four suggested the display period should be extended,” he said.

Source: TheSunDaily.my

 

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