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Archive for the ‘Bayan Baru’ Category

BPO Prime

January 2nd, 2017 8 comments

bpo-prime-main

BPO Prime, an upcoming integrated mixed-development, is a joint venture between Penang Development Corporation (PDC), Temasek and Economic Development Innovation Singapore (EDIS).

Strategically located on a 2.7-hectare site in Bayan Baru, it will provide commercial space focusing specifically on business process outsourcing (BPO) activities, as well as residential space. The four-storey PDC building, currently located on the site, will be replaced by a proposed 29-storey and 25-storey BPO towers, which are being planned to accommodate retail outlets, recreational facilities and open spaces.

The project is currently in planning stage, its residential component is slated to be launched in early 2017.

Project Name: (to be confirmed)
Location : Bayan Baru, Penang
Property Type : Mixed development
Total Unit: (to be confirmed)
Built-up Area: (to be confirmed)
Indicative Price: (to be confirmed)
Developer: PDC / Temasek / EDIS

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Location Map:

 

 

Mahsuri Square

September 14th, 2016 96 comments

mahsuri-square-main

Mahsuri Square, yet another proposed affordable housing at the South West district of Penang Island. It is strategically located within the established township of Bayan Baru, along Jalan Mayang Pasir.

This development will see two blocks of 29 & 26-storey buildings, offering a mix of affordable and low medium cost units:

Block 1: 29-storey building (408 affordable units)
Indicative Price: RM200,000 onwards

Block 2: 26-storey building (130 LMC & LC units)

READ MORE ABOUT AFFORDABLE HOUSING:

Register your interest here. We will keep you informed of further developments

Project Name : Mahsuri Square
Location :
 Bayan Baru, Penang
Property Type : Affordable housing
Built-up Area: (to be confirmed)
Total Units: 408 (affordable housing), 65 (LMC), 65 (LC)
Land Tenure: (to be confirmed)
Indicative Price: RM200,000 onwards (affordable housing)
Developer : Seraimas Bina Sdn. Bhd.

Location Map:

(Exact location to be confirmed)

 

UPCOMING: Bayan Baru / Prisma Bumiraya Sdn. Bhd.

June 16th, 2016 24 comments

Upcoming-bayan-baru-by-Prisma-Bumiraya

A proposed high-rise development by Prisma Bumiraya Sdn. Bhd. in Bayan Baru, Penang. It is strategically located of Gerbank Bukit Kecil 2, adjacent to Kristal Court Townhouse and Kristal Villa.

The proposed development comprises single block of 34-storey building, offering 197 condominium units with facilities located at rooftop. With current market sentiments, it is expected to be priced within 600-700psf if it is launched in 2016.

This project is still pending for approval. Details to be available upon official launch.

Property Project : (to be confirmed)
Location : Bayan Baru, Penang
Property Type : Condominium
Total Units: 197
Built-up Area: (to be confirmed)
Indicative Price: (to be confirmed)
Developer :Prisma Bumiraya Sdn. Bhd.

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Location Map:

Categories: Bayan Baru Tags: ,

Penang International Commercial City

February 10th, 2016 54 comments

PICC

Penang International Commercial City, an upcoming RM10bil mixed development by Hunza Properties Bhd. in Bayan Baru. It is strategically located along Jalan Tun Dr. Awang, just a stone’s throws way from sPICE.

This development will be built in three phases and planned for completion by 2026. The first phase is expected to commence work in mid-2017, expected to have a gross development value of RM5bil. It comprises a shopping mall, medical centre, a BPO tower, a hotel, and 1,792 units of serviced apartments and apartments.

The first phase is scheduled for completion in 2021. The second and third phases would see the development of more apartments, a hotel and a college. The project is located on a 43.36 acre land. It will have a gross floor area of 9.4 million sq ft.

Details to be available upon project launch.

Project Name: Penang International Commercial City
Location: Bayan Baru, Penang
Property Type: Mixed development
Built-up Area: (to be confirmed)
Indicative Price: (to be confirmed)
Total Units: 1,792 (Phase 1)
Developer: Hunza Properties Bhd.

Register your interest here

Location Map:

 

Categories: Bayan Baru Tags: , , ,

Hunza acquires land in Penang for Affordable Housing

October 21st, 2015 2 comments
Upcoming mixed development by Hunza, with an estimated gross development value of RM6bil.

Upcoming 43-acre mixed development by Hunza Properties Bhd., with an estimated gross development value of RM6bil.

Hunza Properties Bhd is buying 9.7 acres of freehold land in Penang for RM57.02mil to develop affordable houses for qualified buyers.

In a filing with the local stock exchange yesterday, Hunza said its wholly-owned unit, Diamaward (M) Sdn Bhd, had signed a sale and purchase deal with property developer WLB Properties Sdn Bhd to buy the land, located next to Hunza’s 43 acres in Bayan Baru.

Diamaward is also primarily involved in property development.

The group said the rationale for the deal was to build and develop affordable homes, in line with the Government’s call for more of such housing.

Under the proposed terms, Hunza is required to build and sell the affordable homes in the area to qualified buyers.

However, the number of such homes to be built has yet to be finalised.

“The proposed acquisition is not expected to have any material effect on the group’s earnings for financial year 2016.

“The total development cost and expected profits can only be determined once the development plan is finalised,” said the group, adding that details on funding the acquisition would also be finalised at a later date. The total consideration of RM57.02mil was arrived at on a willing buyer-willing seller basis, after considering the land’s market value, it said.

Source: TheStar.com.my