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SITE PROGRESS: Lightwater Residences (Mar 2025)

Property News/ 18 March 2025 No comments

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About Lightwater Residences (Mar 2025)

The second residential project at The Light City by IJM Perennial Development Sdn. Bhd. features two 34-story towers with 262 freehold luxury homes, each equipped with a private lift. Located near the Penang Bridge and adjacent to The Waterfront Shoppes, unit sizes range from 1,324 sq.ft. to 3,466 sq.ft. with facilities on levels 6 and 25.

*Photo taken in Feb 2025

Find out more about Lightwater Residences

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*By submitting this Form, you hereby agree to our PDPA Consent Clause.

PROPOSED: 35-storey serviced residence in Jelutong

Jelutong/ 17 March 2025 No comments

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A newly proposed serviced residence in Jelutong, this development is situated on a 1.1-acre site at the intersection of Jalan Jelutong and Jalan Tengku, next to Alton Skyvillas by the same developer. It is conveniently located less than a 10-minute drive from Penang Bridge, with a wide range of essential amenities available within a 2km radius.

The project features a 35-story high-rise, comprising 471 serviced residence units on levels 10 to 34. Commercial spaces are planned for level 1 and the rooftop, while the ground level will house 14 two-story retail lots. The development also includes an eight-level car parking podium and a recreational area on level 9, which will feature a swimming pool along with other recreational facilities.

Project Name: (to be confirmed)
Location : Jelutong
Property Type : Serviced residence
Total Units: 471
Built-up Size: (to be confirmed)
Land Tenure : (to be confirmed)
Indicative Price : (to be confirmed)
Developer : (Follow us to find out more)

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Penang Government steps in to resolve delays in Quinton and Sri Bayu affordable housing projects

Property News/ 16 March 2025 No comments

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The Penang State Government is actively addressing delays affecting the affordable housing, also known as Rumah MutiaraKu (RMKu) projects at Quinton and Sri Bayu to safeguard the interests of homebuyers. Since taking office, Penang State EXCO for Housing, Dato Seri Sundarajoo Somu, has received numerous complaints regarding the setbacks faced by these two affordable housing developments. According to a recent Facebook post by Sundarajoo, the state government is taking decisive action to resolve these issues.

The Quinton and Sri Bayu projects, developed by a local property developer, have encountered construction delays due to challenges faced by the developer. These projects collectively offer 625 affordable housing units:

  • Quinton Project: 379 RMKu C units, consisting of 41 units of RMKu C2 (750 sqft) and 338 units of RMKu C3 (850 sqft).
  • Sri Bayu Project: 246 RMKu A and B units, with 123 units of RMKu A (650 sqft) and 123 units of RMKu B (700 sqft).

Steps Taken by the State Government

Recognizing the urgency of the issue, Dato Seri Sundarajoo Somu convened a meeting on December 21, 2024, with the Penang State Housing Board, the developer, and representatives of affected homebuyers. This meeting aimed to clarify the current status of both projects and explore viable solutions to ensure their completion.

Subsequently, the matter was escalated to the EXCO meeting, where Chief Minister Chow Kon Yeow endorsed a comprehensive action plan proposed by Sundarajoo. The plan is designed to address the challenges and expedite the completion of the projects.

Further progress was made on February 24, 2025, when Sundarajoo chaired another meeting with the developer and contractors. The discussions yielded positive outcomes, reinforcing confidence that, with the collective efforts of all stakeholders, the projects can be successfully completed.

Assurance to Homebuyers

Sundarajoo acknowledges the concerns and frustrations of affected homebuyers and urges them to remain patient while the state government continues to work on the best possible resolution. As the EXCO in charge of housing, he reaffirmed his commitment to ensuring transparency and fairness in addressing all housing-related issues.

The Penang State Government will continue to closely monitor both projects to ensure their timely completion, ultimately delivering on its promise to provide quality and affordable homes for the people of Penang.

SITE PROGRESS: Metrioplace @ Batu Kawan (Mar 2025)

Property News/ 14 March 2025 No comments

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About Metrioplace @ Batu Kawan

Metrioplace @ Batu Kawan is a dynamic commercial hub by Metrio Group, offering approximately 20 customizable retail spaces across 7 primary units. With an average unit size of 1,700 sq. ft., it caters to cafes, restaurants, and boutique shops. Strategically located near high-traffic landmarks like Caltex, Burger King, and Zus Coffee, Metrioplace ensures prime visibility and convenience. Its diverse mix of F&B, drive-thru services, and lifestyle retailers creates a vibrant community hub for both locals and visitors.

Find out more about Metrioplace @ Batu Kawan

Commercial Hub open for leasing. Register your interest here

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Construction of Penang LRT Mutiara Line set to begin in Q3 2025

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The physical construction of the Light Rail Transit (LRT) Mutiara Line in Penang is expected to commence in the third quarter of this year. Chief Minister Y.A.B. Tuan Chow Kon Yeow expressed confidence in the project’s progress following an update presented at the State Executive Council (Majlis Mesyuarat Kerajaan – MMK) meeting yesterday.

According to Chow, the CEO of Mass Rapid Transit Corporation Sdn. Bhd. (MRT Corp.), Datuk Mohd. Zarif Hashim, and Mutiara Line Project Director, Azmi Rahman, met with him on March 11 to discuss the latest developments. A formal presentation was then made to MMK members, covering three key aspects: the current status of the LRT project, the proposed Transit-Oriented Development (TOD) at Tapak Pesta, and land acquisition matters.

From March 12 to March 14, MRT Corp., together with SRS Consortium and the Ministry of Economy, is conducting a value management lab to finalize the project’s design and costs. This stage is crucial as the finalized details will be incorporated into project agreements.

Chow also mentioned that planning approval will be processed under Section 20A of the Town and Country Planning Act 1976 (Act 172), allowing for consultation with technical agencies. On February 25, 2025, an application was submitted to PLANMalaysia for review, a necessary step before physical works can begin.

Additionally, the railway scheme approved by the Land Public Transport Agency (APAD) requires updates to include an extension from Macallum to Penang Sentral in Seberang Perai. This extension, designated as Package 2, involves stakeholders such as the Penang Port Commission (PPC) and the Penang Water Supply Corporation (PBAPP). Meanwhile, soil investigation works are currently underway at multiple sites.

Regarding the Tapak Pesta development, MRT Corp. has proposed not only a station but also a secondary depot, leveraging the site’s ample land for TOD initiatives. The state government supports this plan while ensuring a portion of Tapak Pesta is preserved as a heritage site, in line with the Prime Minister’s recommendations. A formal proposal from MRT Corp. is expected for further deliberation.

On land acquisition, the MMK has approved the federal government’s plan to acquire properties along the alignment in the Northeast and Southwest districts. The acquisition involves both private and government-owned lands, including those under local authorities, the Penang Islamic Religious Council (MAINPP), and the Penang Development Corporation (PDC). Over 100 landowners are expected to be affected, with compensation determined through valuation by the Valuation and Property Services Department (JPPH) and public hearings.