Penang is confident of building 75,000 affordable houses by 2022

September 20th, 2018 No comments


Penang is confident that it will achieve its 14th General Election pledge to build 75,000 affordable homes in the state by 2022.

State Housing, Town, Country Planning and Local Government Committee chairman Jagdeep Singh Deo said to date, the total number of units built and those in progress have surpassed the target.

“The state had pledged to build 75,000 units of affordable homes in Penang, and we have surpassed the number.

“So far, 28,915 units of low-cost, low medium-cost and various types of affordable housing have been built in Penang since 2008.

“This brings the grand total to over 80,000 units to date,” he said during a press conference in Jen Hotel, Penang recently.

Earlier, Jagdeep also announced the upcoming Penang Property Summit 2019, which will be held for the fifth consecutive year.

Organised by the Penang State Housing Committee in collaboration with Penevents Sdn Bhd, the event on Jan 5 and 6 next year will be held at Setia SPICE Arena.

Housing and Local Government Minister Zuraida Kamaruddin will be present to speak on the property industry during the event, which will also see other activities such as seminars and public talks.

Source: TheStar.com.my


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Penang Structure Plan 2030 draft displayed today

September 19th, 2018 2 comments


The draft plan is being displayed at Level Three in Komtar on Penang Island and the Seberang Perai Municipal Council (MPSP) on the mainland.

The longer public display period, which is twice as long as required by law, will enable the state government to receive even more feedback, suggestions and critiques to be “collated, scrutinised and considered”, said local government, housing development and town and country planning committee chairman Jagdeep Singh Deo.

He was not able to say when the state was able to gazette the finalised PSP 2030, but said the state will follow the “due process provided under the law”.

He added that the state will not rush the process and will consider all the feedback and suggestions as it wanted to ensure that the plan was a “document of quality”.

The PSP 2030 is an update of the PSP 2020 which was gazetted in 2007, and serves to determine the type of development projects allowed in Penang as well as outline its development plans until 2030.

Source: EdgeProp.my


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Iconic Regency

September 18th, 2018 16 comments


Iconic Regency, an upcoming mixed development by Iconic Development Sdn. Bhd. at Sungai Nibong. Strategically located along Jalan Sultan Azlan Shah, next to SK Sungai Nibong. It is only 10 minutes walk to two future LRT Stations – Sungai Nibong & Pesta Stations.

This development will feature a 42-storey serviced suites with 268 fully furnished residential units.  Adjacent to the future Iconic Hotel (4-Star Business Hotel).

More details to be available upon official launch.

Project Name : Iconic Regency
Location : Sungai Nibong
Property Type : Mixed development
Built-up Size: 500 sq.ft. – 1,200 sq.ft.
Total Units: 268 (serviced suite)
Indicative Price: (to be confirmed)
Developer : Iconic Development Sdn. Bhd.

Register your interest here

*By submitting this Form, you hereby agree to our PDPA Consent Clause.
(This information may be used by the developer or their appointed agent to initiate follow-up communications with you on the project.)

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Townhall session for public to air concerns about PIL 1

September 17th, 2018 7 comments


The state government will hold a townhall session on the Environmental Impact Assessment (EIA) for the proposed Pan Island Link 1 (PIL 1) on Thursday.

Chief Minister Chow Kon Yeow (pic) said the townhall session, to be held at Setia SPICE Convention Centre in Relau from 8pm to 10.30pm, would serve as a platform for the public to share their views and concerns on the proposed project.

“We are concerned about recent issues raised in the media pertaining to the PIL 1.

“In line with the administration’s principle of transparency, we want to listen to the people and understand them,” Chow said during a press conference at Komtar in Penang on Thursday.

Chow added that all issues raised and the respective responses would be forwarded to the Department of Environment (DoE) as part of the public feedback process for the EIA report.

He also said the period given for public feedback for the PIL 1 EIA Report (Second Schedule) is now extended to Sept 24, while all written comments from the public need to be submitted to the DoE on or before Sept 25.

“I am not required to be at the session, but will attend, anyway. Energy, Technology, Science, Climate Change and Environment Minister Yeo Bee Yin too might also be there,” said Chow when asked if he would be present at the forum.

The public display of the EIA Report on the controversial PIL 1 Highway project was on public display at 10 locations in Penang and Klang Valley from July 11 to Aug 10.

Chow also said that he would be meeting Transport Minister Anthony Loke and Land Public Transport Commission (SPAD) officials in Putrajaya tomorrow on the Light Rail Transit (LRT) system.

“We will listen to SPAD on its alternative transport mode to LRT and would also present our case on the project.”

“It has been two years since we submitted the proposed LRT line from Komtar to Bayan Lepas and we would like to know what they have done since then,” added Chow.

Last week, Loke had said that the LRT might not be the best mode of transport for Penang and SPAD would propose an alternative to the state government.

Source: TheStar.com.my

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Eco Horizon to launch Brydon semi-d and bungalows by year-end

September 16th, 2018 No comments


Eco World Development Group Bhd (EcoWorld) will be launching the first phase of its Brydon collection of semi-detached houses and bungalows in its Eco Horizon township development at Batu Kawan, Penang in the fourth quarter of the year (4Q18).

The township’s second collection will comprise, 382 units of semidees with built-up areas of 2,777 sq ft to 3,553 sq ft and 13 units of bungalows (4,025 sq ft) priced from RM1.2 million and RM2.2 million respectively.

The leasehold strata-titled Brydon will have a GDV of RM556 million.

Register your interest for Brydon Collection

Find out more about Eco Horizon

Eco North general manager Chan Soo How expects to see a good response to the launch, as the first collection called Ashton — which was unveiled in September last year— was well-received.

To date, Ashton, which comprises 704 units of super-linked homes and garden homes, is over 70% sold.

The two-storey terraces have a land size of 22ft by 70ft, while the super-linked homes and garden homes have a land size of 25ft by 75ft and 30ft by 60ft respectively. Prices start from RM868,000.

“We are happy with the sales achieved to date and believe strongly that the right product and concept will attract buyers,” he said.

Overall, more than 2,000 landed homes will be developed over 230 acres of the 300-acre Eco Horizon.

The remaining 70 acres will be allocated for its commercial component. The entire township will be developed over 10 years and has an estimated GDV of RM7 billion.

There will be a 3.6-acre centralised clubhouse in the township and residents will be able to use the facilities for free in the first year.

The group will also be creating two flamingo-shaped lakes set within a 13.6-acre landscaped park.

EcoWorld is confident that the Batu Kawan growth corridor on mainland Penang will “capture the hearts” of not just those already residing in Penang but also the hearts of aspiring homeowners and upgraders in the northern region of Peninsular Malaysia.

“Both our lands (Eco Horizon and the adjacent Eco Sun) are very strategically located within Batu Kawan. Apart from the attractive prices offered, we are also the first landed homes in the vicinity – something most Penangites are attracted to as there aren’t many landed homes in the vicinity. Our new luxury concept portrays the lifestyle which suits the new Batu Kawan corridor,” Chan explained.

The township is accessible via the Sultan Abdul Halim Muadzam Shah Bridge (Second Penang Bridge) and the North-South Expressway via the Batu Kawan toll plaza.

A proposed Bandar Cassia Trumpet Interchange with a new toll plaza is currently being planned by the Penang Development Corp to ease traffic flow in and out of Batu Kawan to the North-South Expressway.

Meanwhile, Chan said the 74.5-acre Eco Sun is still in the planning stage, as the developer is in the midst of finalising the product to ensure it encapsulates the EcoWorld DNA.

“We are very excited to launch Eco Sun as well, so stay tuned for more updates in the future. In addition, we foresee market sentiments to improve with the abolishment of the Goods and Services Tax,” he said, adding that this will perhaps motivate more people to spend, including buying property.

“We are confident that our signature EcoWorld landed township developments will continue to do well, and look forward to the launch in the coming months,” Chan added.

Update: 27 May 2018

News Source: EdgeProp.my

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