Penang Property Talk

The Amarene, part of Ideal Vision Park development by Ideal Homes in Bayan Lepas, Penang. This development is strategically located along Jalan Tun Dr. Awang, adjacent to Tree Sparina condominium. It is just a mere minutes drive to Straits International School and Penang International Airport.

This upcoming development will see the construction of 35-storey condominium, offering residential units with built-up size ranges from 1,100 sq.ft to 1,200 sq.ft. It will be priced between RM630,000 and RM750,00.

More details to be available upon official launch.

Property Project : The Amarene
Location : Ideal Vision Park, Bayan Lepas, Penang
Property Type : Mixed Development
Total Units: 410 (condo), 72 (shop office)
Built-up Size: 1,100 sq.ft. to 1,200 sq.ft.
No. of Storey: 35
Land Tenure : Freehold
Indicative Price: RM630,000 onwards
Developer : Ideal Property

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Canary Heights, another proposed high-rise development by Palmex Industries Sdn. Bhd. (subsidiary of IOI Properties Group), within the established township of Sungai Ara. It is located off Persiaran Kelicap, next to the company’s ongoing Stramax Residences gated and guarded housing scheme.

This development comprises two blocks of 35-storey condominium with 320 residential units.

This project is still pending for approval. More details to be available upon project launch.

Project Name : Canary Heights
Location : Sungai Ara, Penang
Property Type : Condominium
Total Units: 320
Land Tenure: Freehold
Indicative Price : (to be confirmed)
Developer : Palmex Industries Sdn. Bhd. (IOI Properties)

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Yet another affordable housing proposed at Bayan Lepas by I-Global Property Network Sdn. Bhd. (Ideal Property Group) at Bayan Lepas. Located along Jalan Dato Ismail Hashim, easily accessible via Jalan Sultan Azlan Shah. It is just a stone’s throw away the One Forest affordable house scheme.

This development comprises one block of 40-storey condominium, offering 560 affordable units with two standard built-up size – 750 sq.ft & 850 sq.ft.

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

Property Project : (to be confirmed)
Location : Bayan Lepas
Property Type : Affordable housing
Tenure: Freehold
Built-up Size: 750 sq.ft. & 850 sq.ft.
Total Units : 560
Indicative Price : (to be confirmed)
Developer : I-Global Property Network Sdn. Bhd. (Ideal Property Group)

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Stonyhurst College

The Penang State Government, Stonyhurst College, and LAPIS announced on 16 Sept the development of Stonyhurst Penang International School in Seri Tanjung Pinang, Tanjong Tokong, Penang, Malaysia. It will attract both international and Malaysian students from the region to study in Malaysia, in line with the Penang State Government’s vision to develop Penang as an Education Hub.

The school, which will accommodate up to 1,200 local and international pupils aged 3 to 18, will be operated by Stonyhurst College upon completion in 2019. The school will offer both a British curriculum to prepare students for entry into the best UK and international universities and some Malaysian subjects for local students.

The Chief Minister of Penang, Mr Lim Guan Eng, witnessed the signing of the key agreements on this landmark collaboration involving the Penang State Government, LAPIS, and Stonyhurst.

Head Teacher of Stonyhurst, Mr John Browne commented: “Stonyhurst College was founded in 1593 and has a proud Jesuit heritage and culture. I am honoured and moved to be part of a new chapter in its history, by signing this agreement with Chief Minister Lim Guan Eng. The opening of the Stonyhurst College in Malaysia is an historic milestone for the school and one which I sincerely hope will benefit both the community of the school and the wider community around it.”

Chairman of the Board of Governors of Stonyhurst College, Mr John Cowdall said: “As Chair of the Board of Governors, it gives me the most enormous pleasure to witness the signing of the agreement which will allow Stonyhurst College to have a presence in Malaysia. The Board of Governors has given this historic development a great deal of consideration and we are delighted to have reached this significant stage. We are all committed to seeing this extraordinary project come to fruition.”

Director of LAPIS, Mr Michael Sng added: “LAPIS is proud to build on its success with St Joseph’s Institution International School in Kuala Lumpur to form a partnership with Stonyhurst in Penang. This has tremendous potential as the Penang State Government continues to successfully attract high quality foreign investment”.

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Source: ICN

Sunshine Residence, an upcoming 38-storey serviced residence by Suiwah Group at Bandar Baru Air Itam. It is part of the masterplaned development of Sunshine Tower on the old Sunshine Farlim site.

The entire project will be over 3.7mil sq ft of gross area, spread over three blocks of 38-storey buildings. Sunshine Residence will be the first residential component offering 270 units of serviced apartments, with an indicative price ranges from RM900,000 onwards.

More details to be available soon.

Property Project : Sunshine Residence
Location : Bandar Baru Ayer Itam (Farlim), Penang
Land Tenure: Leasehold
Property Type : Serviced apartment
No. of Storey : 38-storey
Total Units: 270
Indicative Price: RM985,000 onwards
Developer : Crimson Omega Sdn. Bhd. (Suiwah Berhad)

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