Wellness City Of Dreams

March 7th, 2016 Leave a comment 中文版

Ewein is embarking on a one-stop wellness destination named “Wellness City of Dreams” which will eventually span over a reclaimed land of 110ac and carries a GDV of RM25b over a 10-year period given to Consortium Zenith BUCG by the Penang Government to build the RM6.3b undersea tunnel and three road bypasses in Penang.

The first 50 ac (3 parcels) in Bandar Tanjong Pinang is expected to be fully developed before Dec-2020 and the group had inked a memorandum of agreement to acquire these landbanks for a total of RM2.83b in January 2016.

This mega development, located next to Gurney Wharf, will carry a massive GDV of RM 13.9 billion, which includes wellness apartments, retirement and healthcare wellness residential suits, serviced apartments with wellness facilities, resort suites and ambulatory services. This massive development is the top champion in the Malaysia EPP 10 for Wellness Resort.

Register your interest here

(This information may be used by the developer or their appointed agent to initiate follow-up communications with you on the project.)

Source: I3investor Forum

Categories: Gurney Drive Tags:
  1. Lol
    March 7th, 2016 at 20:20 | #1

    First here.

  2. Mahenran
    March 7th, 2016 at 20:29 | #2

    @Lol

    Great. Buy City of Dream condo?

  3. Lol
    March 7th, 2016 at 20:52 | #3

    Nope. Overpriced at RM1300 psft. I buy value. Maybe in 15 years time the price that people pays now will be of value. Certainly not now.

  4. COD
    March 7th, 2016 at 20:55 | #4

    City of Dreams

    Wow…RM1500 psf and now more more sea view which was promised…

    No more dreaming about sea view…

    No more yacht as mentioned which was suppose to be park in front

    Gonna be only concrete jungle view

  5. CK
    March 7th, 2016 at 20:56 | #5

    Really… The name really low class… Wellness… Sound like errr…… Gurney City of Dreams sound better doesnt it?

  6. Lol
    March 7th, 2016 at 21:04 | #6

    The name is ok la. Just that it is overpriced. RM1500 psft is really expensive, seriously doubt you can get the rental yield that you are looking for or the short term appreciation.

  7. Lol
    March 7th, 2016 at 21:05 | #7

    Just imagine city of dreams is rm1500psft. How much do they plan on pricing their subsequent launches?

  8. Gurney
    March 7th, 2016 at 21:06 | #8

    Gurney drive all gone…all high rise now coz of this developer…

  9. Lol
    March 7th, 2016 at 21:09 | #9

    Not the entire gurney drive. Just gurney plaza, gurney paragon, sunrise and g hotel

  10. Mahendran
    March 7th, 2016 at 21:20 | #10

    @Lol

    Agree. Overpriced.

  11. Amelia
    March 7th, 2016 at 21:53 | #11

    Ehmmm…..
    My Gurney!

  12. Rubbish
    March 7th, 2016 at 22:25 | #12

    @Amelia
    All gone. Gurney paragon.. Sink.. Block..!!!!!

  13. gooner
    March 7th, 2016 at 22:43 | #13

    Ewein is still new to property development. If they’re not careful they may ruin this opportunity.
    Just like Ivory with times square.

    But Ivory learnt from that lesson and teamed up with a company with experience and expertise in big developments (Tropicana) in their next big project- Penang Worldcity.

    Ewein should learn from that and JV with another big, renowned and established developer to make this a success.

  14. Michael
    March 8th, 2016 at 00:02 | #14

    Paragon not block lar. It’s a park in front. Nice what. I would say likely Marina Bay seaview gone. Some more the piece of land next to it (currently the kampung area) will be developed. Marina Bay sinking…

  15. WTF61
    March 8th, 2016 at 00:27 | #15

    Are u sure to locate wellness center into noisy, heavy traffic zone? We need greens & parks with ample car parks and easy public transport stations. Please stop covert public green lungs to private concrete properties.
    What is the point of adding highways and adding more residence properties at sea belt? Wht is the point of adding coastal way and then load w so many traffic links?

  16. WTF61
    March 8th, 2016 at 00:36 | #16

    Hv been to many famed water fronts in the world.. the good one is because of the length of strecth of the public sea belt . Now this construction has obviously cut short the length. And more to come?

  17. WTF61
    March 8th, 2016 at 00:40 | #17

    Stop adding private properties / structures into public areas.. make sure a wharf looks like a wharf .

  18. Too bad
    March 8th, 2016 at 07:23 | #18

    @WTF61
    Original gurney gone.. And add in property… Rubbish plan by developer& state government.

  19. Lol
    March 8th, 2016 at 07:55 | #19

    Oh well guys. You can’t have the best of both worlds. We want the TMP and water tunnel so it has to be paid via land swap. Think fondue economic multiplier effect it has on jobs for Penangites and all the tourism dollars then it would make perfect sense. Sometimes we might not like what we see now but if we think of it logically the economic impact is better.

  20. Eco
    March 8th, 2016 at 09:00 | #20

    Good. These area should be changed long time ago. Worst traffic in the whole of Penang.

  21. Jin
    March 8th, 2016 at 11:17 | #21

    @Lol
    Goverment planning for their own pocket.. Don’t nake.

  22. Kok
    March 8th, 2016 at 11:27 | #22

    @Jin

    Hopefully government pocket is also rakyat pocket. No like that one who put government money into his own pocket.

  23. fiona
    March 8th, 2016 at 12:02 | #23

    Looks like all the “gov reserve land” shown at the Gurney Wharf exhibition will be given to Ewein to make lots of money, so that the boss can name everything in Penang after his wife and daughter’s name. This is bad, very bad. I won’t be voting for the current state gov anymore this coming election. I have no other options.

  24. WTF61
    March 8th, 2016 at 13:54 | #24

    I am pro-development w long term sustainability. I support the Gurney Wharf plan for adding greens & parks for the benefit of public. But wld disagree adding new property projects into the reclaimed sea belt. make the open sea view belongs to public.

  25. Hester
    March 8th, 2016 at 15:42 | #25

    Fung Shui changed already…aged and sickly living in front of Paragon, G Hotel, G Plaza, Marina Bay….chi will not be good…..

  26. young kid
    March 8th, 2016 at 16:53 | #26

    @Hester

    old people very rich one ok… money money come..

  27. Come
    March 8th, 2016 at 18:59 | #27

    @Hester

    Only rich people can afford to stay there ..

  28. Pondok
    March 9th, 2016 at 10:36 | #28

    it seems that more of Penang seafront will not be available to the public…it is now available to those with money and the select few. What a waste…no thanks to the state govt!

  29. hat
    March 9th, 2016 at 10:45 | #29

    @Come

    you can buy the seafront condo, cheaper at batu kawan and raja uda..

  30. CM Lim
    March 9th, 2016 at 11:10 | #30

    @fiona
    Do you have other better options left? Ultimately, you will have to choose the lesser of the two evils…

  31. Ben
    March 9th, 2016 at 12:04 | #31

    @CM Lim

    The least the government can do is to come clean on the issue and appriase the public on its plans. I suppose what irks many people , including myself is not the proposed development but the failure of the government to explain to the people. A more transparent and consultative process is needed.

  32. Green
    March 9th, 2016 at 13:02 | #32

    @Ben

    The plan is on public display last month at Komtar. You missed it obviously.

  33. Investor
    March 9th, 2016 at 13:48 | #33

    I guess what Ben meant was come clean with the full plan. Not only the areas for public amenities, but the so-called Gov Reserved Land. With the Wellness City of Dreams, it is no longer as rosy as it was painted last 2 weeks. Looking at the Wellness COD plan, only 50% or less of the reclaimed Gurney Wharf will be for public and the rest goes to private developers to build high rise condos. To a certain extend, I felt cheated. State gov should come clean either to acknowledge the plan announced by Ewein is correct or outright deny the plan by Ewein.

  34. Hester
    March 9th, 2016 at 17:39 | #34

    Expect lots of ambulances to dash in and out…still bad fung shui

  35. Ninenine
    March 9th, 2016 at 20:19 | #35

    @Hester

    That’s why they will build a medical center there. GMC and Adventist can’t cope already.

  36. BY
    March 9th, 2016 at 22:01 | #36

    Promote medical tourism in Penang?

  37. Pondok
    March 10th, 2016 at 12:48 | #37

    Feeling cheated. When the state govt were addressing the Gurney Wharf proposal, they should be disclosing this Wellness City as well. I’m just wondering what else are hidden from public knowledge….

  38. Ben
    March 10th, 2016 at 14:27 | #38

    boycott this project lah. If nobody buys then the land would remain as govt reserve without skyscrapers. But do we all have the resolve to do that?

  39. Penang
    March 10th, 2016 at 15:37 | #39

    Looks like it is gonna be a Mini China when completed. These development is not by E&O but by someone else…sweat n sad!

  40. Tamarind
    March 10th, 2016 at 15:58 | #40

    @Penang

    I thought E&O will reclaim the land?

  41. Ben
    March 10th, 2016 at 16:04 | #41

    Reclamation costs of RM1billion will be borne by E&O according to reports. Then Ewein reports that it has inked a memorandum of understanding to buy that portion for RM2billion to develop wellness City of dreams. State government then announces Gurney Wharf which turns out that a portion of so called govt reserve will be developed by ewein. I smell a rat somewhere! E&O will surely not bear the reclamation costs for nothing.

  42. Ben
    March 10th, 2016 at 16:08 | #42

    That is why NGOs are pushing the state government for an answer on its actual plans. From what we can see now, it appears that , the reclaimed land will be state land and the govt will utilise a portion for the gurney wharf project. The remaining land will then be sold to ewein and e&o will be paid its reclamation costs.

  43. Xpid
    March 10th, 2016 at 16:18 | #43

    E&O is doing their part for the public by spending RM1 billion to reclaim and to beautify gurney drive.

    As for development of Wellness city of dreams. The best people to ask about the project details is Ewein and their office is at Karpal Singh Drive =)

  44. worldcity
    March 11th, 2016 at 09:28 | #44

    @Ben

    E&O reclaim the land in Gurney Drive for state government, they reclaim an island at TSP for themselves. 10% of the land in Gurney Drive is given to Ewein in exchange for undersea tunnel and 3 highways. The rest of the 90% will be the Gurney Wharf and 8-lane highway for the public. Everybody wins.

    We shouldn’t dictate what Ewein will be building there as long as not chemical plant. I quite like the wellness concept as it suits Penang moving into service economy.

  45. Xpid
    March 11th, 2016 at 13:46 | #45

    worldcity :
    @Ben
    E&O reclaim the land in Gurney Drive for state government, they reclaim an island at TSP for themselves. 10% of the land in Gurney Drive is given to Ewein in exchange for undersea tunnel and 3 highways. The rest of the 90% will be the Gurney Wharf and 8-lane highway for the public. Everybody wins.
    We shouldn’t dictate what Ewein will be building there as long as not chemical plant. I quite like the wellness concept as it suits Penang moving into service economy.

    Just to correct,

    E&O will reclaim 131 acres and out of which 50 acres will be taken up by Ewein at RM1,300psf

    Only 81 acres will be developed for public by E&O.

    My question is E&O and state government took the initiative to get public opinion…

    So why should we not dictate what Ewein will be building? is this what the public wants? is this what the public needs? Should they not get the public to give their opinion too?

  46. led
    March 11th, 2016 at 16:20 | #46

    @Xpid

    Most developers should have done their market survey before planning a township or project.. Else will be a disaster for them if the sales are bad..

  47. BL Tan
    March 13th, 2016 at 01:25 | #47

    A new hospital for the rich & famous……..Tarnished the publicity of Gurney Wharf.

  48. Ben
    March 14th, 2016 at 11:04 | #48

    @Xpid

    Exactly.

  49. james k
    March 14th, 2016 at 13:39 | #49

    Xpid :

    worldcity :
    @Ben
    E&O reclaim the land in Gurney Drive for state government, they reclaim an island at TSP for themselves. 10% of the land in Gurney Drive is given to Ewein in exchange for undersea tunnel and 3 highways. The rest of the 90% will be the Gurney Wharf and 8-lane highway for the public. Everybody wins.
    We shouldn’t dictate what Ewein will be building there as long as not chemical plant. I quite like the wellness concept as it suits Penang moving into service economy.

    Just to correct,
    E&O will reclaim 131 acres and out of which 50 acres will be taken up by Ewein at RM1,300psf
    Only 81 acres will be developed for public by E&O.
    My question is E&O and state government took the initiative to get public opinion…
    So why should we not dictate what Ewein will be building? is this what the public wants? is this what the public needs? Should they not get the public to give their opinion too?

    Don’t forget about the RM6.3 billion tunnel project cost. The tunnel and its associated project does not come for free- where does the money come from?
    Answer: The 50 acres of reclaimed land

  50. james k
    March 14th, 2016 at 13:45 | #50

    Also, E&O won’t be developing the land per se. They are only involved in the reclamation and are bearing the cost of design and consultation. The actual landscaping and works of the wharf would be bored by the state gov. So the state gov is actually the one that is obtaining public opinion- without E&O.

  51. WTF61
    March 17th, 2016 at 14:27 | #51

    Why when 3rd link has yet to see solid plan being rolled out and whether this long term infra development is sustainable is still in doubt; this state land is quickly being “sacrificed” in the expense of public?
    General opinion wellness centers shld be located in balik pulau. Else it is gimmick & smoke screen.

  52. know
    March 17th, 2016 at 15:47 | #52

    @WTF61

    Penang South people quite rich now, should build more world class wellness centers there. Pantai Hospital really outdated.

  53. GenYong
    March 19th, 2016 at 11:13 | #53

    @know as per original South Penang Island is not rich as you think… those rich one are coming from town… come to south penang and buy houses to make the place getting more and more complexity… spoiling all the hillside and trees… :(

  54. Ben
    March 22nd, 2016 at 14:54 | #54

    The reclaimed land by E&O is state land. If Ewein buys it at RM1,300 psf, it is buying it from the state for its development. Before the state alienates the land to ewein, the state has a duty to disclose the plans to the public pre-alienation. It can choose not to sell/alienate to Ewein if what Ewein is planning to build does not receive the support of the people or is not for the general benefit of the people. The state goverment is in the driving seat to dictate development policies in any manner it wishes. Indirectly the people must be heard

  55. Jan
    July 8th, 2016 at 12:40 | #55

    What’s all these “Wellness” means? They’re planning to turn Gurney into some sort of the biggest old folks house in Malaysia?

  56. Rao
    August 10th, 2016 at 03:05 | #56

    What’s wrong with quality retirement home?

  57. GoppalBalan
    August 10th, 2016 at 10:42 | #57

    @Pondok
    sadly true also… but they have to hide certain things because the public also always want to overreact and protest and all…

  58. Royston
    August 10th, 2016 at 11:04 | #58

    Well guys. I think the undersea tunnel will not materialise. LGE has asked for federal permission to build a 3rd bridge instead thereby reducing the costs. The tunnel and bridge will not co-exist. The bridge must be an alternative.

    The reclaimed portion for ewein to build its wellness resort may not materialise as well due to the fact that the cost to build the bridge is lower than tunnel. Following that the ewein-zenith jv vehicle may not be given the same compensation as before. The previous land exchange compensation was based on the value of the tunnel project at 6b as opposed to lower costs for buliding the bridge.

  59. boonli
    August 10th, 2016 at 14:12 | #59

    @Rao

    Nothing wrong with quality retirement home. But the developer should just say retirement homes lah, what wellness this wellness that, all the crap! *sigh*

  60. Roberta
    September 1st, 2016 at 16:20 | #60

    nothings gonna materialise here i guess.

  61. Larry
    November 21st, 2016 at 16:06 | #61

    So how whats happening here???? Seems like no news.

  62. Larry
    November 21st, 2016 at 16:15 | #62

    @gooner

    Already ruined. Its clear no funds to carry out

  63. @think green to be a developed city
    November 21st, 2016 at 17:16 | #63

    Please stop all these over development!!
    It’s killing the island and it’s going to be over crowded, look at the horrendous traffic congestion, Tg Tokong used to be with beautiful green farms years ago. The state government should change their mindset and stop over developing this island. Please learn from countries like Netherlands, Germany and Denmark.
    No “Wellness City of Dreams”! Are we building this for local Malaysians or just for the greed of foreign investment?

    Please rethink your plans Mr Chief Minister, once nature is damaged, we will face the consequences! No price can pay for human destruction to the environment!

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