Penang Property Talk

Sunway Bhd is set to launch various projects with a total gross development value (GDV) of RM5 billion in Penang over the next 10 years.

Sunway Bhd Property Division for Malaysia and Singapore Managing Director Sarena Cheah said of the amount, about RM2 billion would be for long-term investment projects, including malls and hotels.

She said one of the company’s major development plans on Penang island would be the Sunway Valley City, a RM2 billion integrated project in Paya Terubong.

The mixed-development project, spanning over a 24-acre site (9.7 hectares), is divided into four phases, comprising shop offices, a service apartment, a shopping mall, an education institute (Sunway College), an office tower and a medical centre, she told reporters at the launch of Sunway’s new headquarters for the northern region in Anson Road here.

“Sunway Valley City is expected to change the landscape of Air Itam and Paya Terubong. We hope to provide something exciting for the population there, where they do not need to travel out for leisure and entertainment,” she said.

On Sunway’s projects on Penang’s mainland, she said the group would expand and enhance the Sunway Carnival Mall in Seberang Jaya over the next five years.

She said the mixed-development project in Seberang Jaya would include the 400-bed Sunway Medical Centre, Sunway’s first healthcare centre in Penang, which would be built in two phases.

The first phase of the medical centre will have 250 beds and will be equipped with advanced facilities to cater to the needs of the local community, she said, adding that the groundwork would begin once the group obtained its approvals and it would take up to three years to be completed.

Another project on the mainland is the Sunway Wellesley in Bukit Mertajam, for which the group expects to launch the third phase of 10 units of shops in September, she added.

Sunway Property in Penang has a total land bank of 165.9 hectares to date and has developed more than 2,500 residential homes and commercial units both on the island and mainland since its inception in 1992.

Source: Bernama

Golden Gateway, an upcoming SME Industrial Park located on a 20.5 acre land at the southeast part of Batu Kawan. Strategically located off Jalan Perusahaan Valdor, just a mere minutes drive to Batu Kawan Industrial Park. It is only 5 minutes away from Penang Second Bridge.

This freehold development comprises a mix of light and medium industrial units, with built-up area ranging from 5,500 sq.ft. onwards.

Project Name : Golden Gateway
Location : Batu Kawan
Property Type : Light & Medium Industrial factory
Built-up Size: 5,500 sq.ft. onwards
Total Units:: 54
Tenure : Freehold
Developer : Golden Land Berhad

Location Map:

Motorists can expect a smoother ride from Bayan Lepas to Teluk Kumbar by the end of the year when the road upgrading project between the two places is completed.

Project manager Che Iskandar Che Din said the RM207mil project, which includes the widening of a 3km stretch from Bayan Lepas to Teluk Kumbar, was expected to be fully completed and opened in December.

It also involves the construction of a 750m-long flyover connecting Jalan Bayan Lepas to Jalan Teluk Kumbar and an elevated U-turn along Jalan Sultan Azlan Shah in Sungai Tiram.

He said the federal project began in February 2014 and was originally scheduled to be completed in August last year.

“Unfortunately due to unexpected circumstances involving underground piping and cable wirings from nearby industrial and residential structures, we extended the completion date twice.

“We are positive the project will be completed at the end of this year,” he said during a site visit by Bayan Baru MP Sim Tze Tzin yesterday.

Sim said the upgraded road would shorten the journey time for many people.

He thanked locals for their patience and co-operation during the on-going works for the project.

Resident engineer Zamri Yusuf said the project required the demolition of some buildings and infrastructure in its early stage.

These included the old Bayan Lepas police station, south-west district health office’s vector control unit and Bayan Lepas Village Security and Development Committee (JKKK) hall.

Zamri said temporary buildings were constructed for the station, hall and vector control unit.

“We have begun constructing the new buildings for them at or near their previous locations” he added.

Source: TheStar.com.my

A newly proposed residential development by Definite Harmony Development Sdn. Bhd. at Sungai Ara, Penang. Strategically located along Jalan Tun Dr. Awang, next to The Clovers condominium by Asia Green Group. It is less than 2km away from Penang International Airport.

The initial phase of the development comprises a 31-storey condominium, offering 174 residential units with 6 levels of car park and facilities located at level 7.

This project is still pending for approval, more details to be available upon official launch.

Property Project : (to be confirmed)
Location : Sungai Ara
Property Type : Condominium
Tenure: Freehold
Total Units : 174
Indicative Price : (to be confirmed)
Developer : Definite Harmony Development Sdn. Bhd.

Location Map:

Picture for illustration only

The Mezzo, the first residential project at The Light City – a large-scale 32.76 acre integrated mixed-use waterfront development by  IJM Perennial Development in Gelugor, Penang. It is strategically located next to the Light Collection, just a mere minutes drive from Penang bridge.

This residential project comprises two 34-storey residential towers, offering 456 condominium units with various built-up sizes. It is expected to be unveiled soon.

More details to be available upon official launch.

Property Project : The Mezzo @ The Light City
Location : Gelugor, Penang
Property Type : Residential
Tenure: Freehold
Total Units : 456
Indicative Price : (to be confirmed)
Developer : IJM Perennial Development

Location Map: