One Precinct
One Precinct, was known as Wikiworld back in 2007 and now it is making good progress. Located in a bustling and prominent district, One Precinct is only 10 minutes from the Free Trade Zones, Penang Bridge and Penang International Airport. Immediate surrounds are vibrant and comprises matured residential neighborhoods, commercial venues and shop lots. One Precinct offers numerous advantages and combined with its prime location, it is poised to become an impressive landmark in Bayan Baru.
One Precinct F&B
Spanning four levels and covering 35,000 sq. ft., the F&B hub is home to local and international brands. Unit sizes range from 000 to 000 sq ft, allowing for a wide variety of tenants. Together with the anchor tenant of 2,500 staff when fully occupied, One Precinct is set to offer an unrivalled dining experience.
One Precinct Office
- Provide a world-class physical and information infrastructure.
- Allow unrestricted employment of local and foreign knowledge workers.
- Ensure freedom of ownership by exempting companies with MSC Malaysia Status from local ownership requirements.
- Give the freedom to source capital globally for MSC Malaysia infrastructure, and the right to borrow funds globally.
- Provide competitive financial incentives, including no income tax for up to 10 year or an investment tax allowance and no duties on duties on import of multimedia equipment.
- Become a regional leader in intellectual protection and cyber laws.
- Ensure no Internet censorship.
- Provide globally competitive telecommunications tariffs.
- Tender key MSC Malaysia infrastructure contracts to leading companies willing to use the MSC Malaysia as their regional hub.
- Provide an effective one-stop agency- the Multimedia Development Corporation.
If there’s one thing that Penang’s famous for, aside from food, is being a mecca for technology. TECHNOTOPIA in One Precinct embodies this perception with the latest electronic, mobile and computer gadgets available for tech-centric visitors. Covering 000,000 sq. ft., this technology arcade has a mind-boggling array of 000 shops that offer a variety of services from repair to retail.
Property Project: One Precinct
Location: Bayan Baru, Penang
Property Type: Commercial
No. of Storey: 7
Developer: Interglobal Resources Sdn Bhd
Location Map:
can really survive? See Mayang mall and D’Piaza mall
Suntech ok wor. If not Jusco won’t move here one.
jusco move to suntech??
or you mean Jusco will build another building here??
@SK king
New building nearby.
Jusco will open a new branch just next to Elit Height.
when Jusco come that is 3-5 yrs later, after the Elit Height 1/2/3 completion….. question is will this Precinct One survive the first few years……. see D’Piazza Mall, never gets up……good luck to the shoplot owner there.
It will be different story if those shoplot/office in Precinct One are not sold to individual owners, instead manage and lease by a good management company. See the successful example Gurney Plaza/Queensbay, and see the failure example Pg Times Square/D’Piazza Mall….
At least it is not an abandoned project now, it was an eyesore before someone take over to revive the project.
I think One Precint location is quite strategic, if some popular francise like Starbuck, Paparich, iPoh Chicken Rice, Sushi Zanmai etc., plus some branches for banks can move here, it will be a boom for the whole area. This place has potential since it is just next to futrue Jusco. The design also quite modern from outside, hopefully the parking is good as well. Pg Times Square parking sucks. Jusco parking should be good.
Bayan Baru New Township
1. Sunshine Square
2. Giant
3. Mayang Mall
4. D’Piazza
5. One Precinct (completed soon)
6. The One (completed soon)
7. Quartermile (completed soon)
8. Elit Avenue (progressing)
9. Arena (land clearing)
Awesome!!!
@penang
5 more years maybe. Need crowd puller like Jusco and IT mall in One Precinct that kind of concept. The rest are going to be rojak i think. If can do like Pavillion Food Republic also good. Factory people will go to lunch there if it is air-conditioned and have lot of good choices. Normally they come in group. Good parking is the key. Suntech is relatively successful compared to other because close to Sunshine Square.
I tot Arena is dead? No?
Anyone know about this project info?
Dear SG, I have just found out the official webpage of this project. And I thought I should share it with u. The official webpage http://www.oneprecinctpenang.com. Enjoy browsing
Anyone have any info on which retail are opening here?
This project is amazing ! It was completed with such a short period of time ! Personally, I quite like the design. Anyone knows how much is the rental? Is it for sale or leasing? From the banner, it sounds more for leasing.
Totally agree with BB, it was indeed a super fast project.
Heard that Multinational companies are anchoring at One Precinct office space and it’s leasing out like a hot cake! Do anyone know anything about this? I’m thinking of renting a unit for my pharmacy business. Anyone has any comments please ! Thanks.
Is not for sales….
Thanks David for the info. @David
Another landmark at Bayan Baru !
I have got many units at ground floor, 1st floor and 2nd floor for sales and also for rent, interested please email me at ngdes74@gmail.com.
@Desmond
From leasing to selling now? Average price?
I heard about this building a lot and decided to go down PG and have a tour on weekend. To my surprise, the building look stunning, and the finishing is, I would say, the of best quality I have ever seen ! Of so many buildings I have seen around the world, there are only two buildings which impressed me with the quality naming the New Delhi airport and One Precinct. With such furnishing, it’s readily to move in. Hence, I decided to call the contact number on the banner to request more.
Before talking about the building, I would like to share why would I bother checking out the place at the first place.
1) MSC status & infrastructure – this is the most attractive reason to me. When I got to know from InvestPG that the ONLY building in Penang with MSC status is this building, I quickly rushed to my boss’s room and knocked on it. I let myself in before even I hear “Come in” forgetting about the manners. After hearing the news, my boss said to me with thrills: Let’s make a trip to PG. When r u free? To be a MSC building, there a millions of rules and requirements to meet, and when a building gained that status, it’s confirmed of a few things: i) Security ii) power iii)maintenance iv)developer/owner ability & reliability. The first thing I check is the developer. My people told me the building has been abandoned for more than 16 years!! before it was bought over by current developer. The current owner took over and 2/3 years back and started to rebuild the building. The building was abandoned with 40% completion before the new developer took over.Now the building is completed and OC obtained ! I thought the developer must be some listed developement companies which thus has the ability to finish it so quickly. To my surprise, it’s not. I think the previously purchasers of this building must be very grateful anf happy to current owner/developer!
2) Location – it’s situated in Bayan Baru, a new developing area in Penang. The city area (Georgetown) is already too crowded, and traffic so jammed, and the price there is just too high. If you all notice, the prices in Penang, is actually one of the highest in whole Malaysia. So if you ask me, I wouldn’t want to invest anymore in area where the market is a mature and prices have reached-the-top. Bayan Baru area is on the other hand an emerging and developing fast area. I observed there are many new residences arising and all been occupied.
3) Population – I am in retail business, and to me population is important. Penang is known to be Chinese community state, but my findings proved to me that the population in Bayan Baru area combines both Chinese and Malay equally. May be Malays might be more. This is definitely a good news to me! Population in Malaysia is so small that it’s difficult to grow biz. So we have to try to maximise our customers target. Niche market is hard to work in this country.
Now, talking about this building.
I have called and managed to get some useful info. I was told the building comprise of three parts basically: 1) MSC offices 2) Retails 3) F&B.
The MSC offices already been fully rented out ! And the tenants are all multinational companies ranging from banks to insurance to IT to agribusiness. And the staff working 24 shifts, meaning the building will be 24 hrs operating.
Without anymore considerations, my boss and I looked at each other nodded our heads, and YES, we are in deal with the owner now on the agrrement terms & conditions.
Happy research peeps if you are looking for investment in Penang !
Yes all their MSC offices anchored by multinational companies and been fully rented out. I was told those companies are closing down their operations in south east asia )for instance, HK, Spore, australia) and moving it to this building. @Gossip Girl
Do research before you comment, this is a website which is created to help people making investments providing useful and accurate information. It’s seen worldwide around the whole wide world. Do not simply comment and spoil the purpose and making us Malaysian sound like idiots (commenting blindly without reasearch and study) in the eyes of the world !
@anonymous
@propertyguru
Can u share more details on the retail unit. Price/buildup…etc
@propertyguru
Which are the MNC that you talked about here? Never heard of anything like that.
@david
I’m assuming you from penang the state itself? Why not you visit the place and call the number to ask further by yourself? if you are really interested I don’t see why you can’t do this. If you visit the site, there’s high possibility that you will bump into the owner, i was told he is very hands on and always there. As far as I understand, the units owned by the developer/owener of the building, they are not seeling the units, they just renting. But it may be diff case for other purchasers who have purchased earlier before he bought the building. Sorry I can’t share the rates here with you bcos it’s P&C and every units get diff rates depending on the sizes of the lot. the area runs from about 600sqf to 800sqf. of course there is super huge with 5,000sqf. I can confirm SPAD is in there and it’s going to start moving in next month. again visit the site and you can see many tenants are renovating now.
@PG Guy
You’ve never heard of bcos you never done research, or you haven’t done enough! I could even get the info though I’m not from PG! if you have doubts, sit still and you shall see in coming one or two months.
cool bout the sharing info, propertyguru.is citigroup an MNC? my cousin works there and said they r moving to One Precinct, and it would be their one of the biggest operations. i guess there would be lots of staff and crowd in tht building itself.
Quite hardselling. hope it is not another case like the news “Jusco move to Bayan Baru”.
@propertyguru
Wow, so sarcastic.
I know Plan B, Subway and La Teh there.
Anyone knows if there is any music school there yet?
Here are the official MSC locations in Penang according to http://www.mscmalaysia.my/locations_cyber.
Penang Cybercity 1 (PCC1)
Cybercity Area: 2,283 acres
Designated Premises:
-Mayang Mall
-PDC Building
-PISA Complex
-Bayan Bay
SUNTECH, CEO, THE ONE and 1PRECINCT are not designated MSC status buildings. They may have applied and in compliance but they are not yet granted MSC status buildings.
@CutieCheeky
There is no music school as yet to the best of my knowledge. I have only just secured a unit there myself. Understand that when Citigroup , prudential , Baysand, SPAD and so on come in there will be around 3000++ workers . 75% is OL.
@lierking
Ya ur info is quite accurate n up to date. But pertaining to the MSC compliance building, suntech and Ceo will never grant for MSC status at all, as they couldn’t comply to the requirements set up by MDEC. One Precinct is 100% complied.
Subway is at Suntech. Guess you have been misguided then.
Complied 100% but not listed in their website and banner? you thought people are idiot ah? Dont be shiok sendiri can or not?
PG Guy, since you so smart !! How much and what do you know about One Precinct. We need ppl here to share info. Please have your facts before making your comment here.
Share lie is called lying.
@PG Guy
At first I suspected also, then I went to Subway, had lunch and tried to ask the staff there. He said it’s true wo. U had resources saying it’s not true?
Suntech So nearby and setup another Subway at One Precinct? Sound very much like the “Jusco new setup in Bayan Baru” story again.
@CutieCheeky
I think @Bangla words make sense this time.
@Bangla
What Jusco new setup in bayan baru story?
Hi any more news about how the tenants at this place?
Oh I drove past this morning and noticed a ‘ pan mien ‘ shop has already started operation so I went down n gave it a try . Surprisingly the business was good n it was crowded .
The staffs told me that the MSC office has already fully rented out . The confirmed tenants r Citigroup, Prudential , Wilmar , Baysand , Adass n SPAD . Noticed that there r renovation going on so I believe what the claimed r true . Well done !! Keep it up .
I have few units located at ground, 1st and 2nd floor for lease. 2 F&B units at ground floor and the rest are retail lots. Interested please contact me at ngdes74@gmail.com
I went for dinner at the corner Asian Fusion Restaurant and drink Big Orange there. Not bad. It feels like a mall
I have 1 shop at alma , i can rent out for u doing farmasi business@Gossip Girl
Interested to BUY retail lot at One Precint.
Pls contact me at minde008@yahoo.com.
Serious buyer.
I am looking for a shop unit, either renting or purchase. If any unit for leasing or selling, please email me at charlesthung@hotmail.com
With details of the unit and selling price/rental. Thank you.
Any unit for sale ? If yes , what’s the rough figure pls . Thank you .
Shop for sale at one precint.
Contact for more info
0164372177
shop at 1st floor.