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Design Village Penang Grand Opening on 23 Nov 2016

April 8th, 2016 Leave a comment 中文版

penang-design-village

* UPDATE: Design Village grand opening – 23 November 2016 @ 6PM *

Design Village Penang – the northern state’s first premium outlet mall – aims to open by this November in time for the school holidays, said its general manager Tay Ai Leen.

This is slightly earlier than its previous targeted launch date of around Christmas this year.

The mall’s operator PE Land (Penang) Sdn Bhd is confident that international brands will want to have a presence at the mall – coming up at Batu Kawan on Penang’s mainland – as it will be the only premium outlet mall in Peninsular Malaysia’s northern corridor, she told TheEdgeProperty.com.

PE Land is also the owner and operator of The Spring shopping mall which is based in Kuching, Sarawak.

According to her, Design Village is expected to provide a unique experiential retail journey and attractive offerings of premium brands at discounted prices for shoppers.

The 400,000 sq ft Design Village Penang is part of a 40-acre mixed-used development that will include a hotel, serviced apartments and high-end condominiums.

The entire development will have a total estimated gross development value (GDV) of RM1 billion, while Design Village itself will have an estimated GDV of between RM200 million and RM300 million.

“The residential and hotel components will complement Design Village’s development, making it a place for living and leisure. The residential units will be linked to Design Village and a linear park, and the hotel will provide affordable accommodation to tourists,” Tay added.

However, she did not disclose more details on the residential and hotel developments as the company’s current focus is on the premium outlet mall.

According to data from the Penang Tourism Development Committee, the state is expecting more than six million tourists to Penang this year. It had recorded 6.25 million tourist arrivals in 2015.

On the market outlook, Tay noted that Penang’s property market is spearheaded by strong foreign direct investment results and strong international support.

“The second Penang bridge as well as a list of developments in Batu Kawan, including a theme park, golf course, mid-to-high end housing, IKEA, universities and medical centres, will be growth catalysts for Batu Kawan and attract tourists here,” she said.

Source: TheEdgeProperty.com.my

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  1. yes
    April 8th, 2016 at 22:09 | #1

    as a batu kawan resident here…im proud of ths news!!!! batu kawan started growing

  2. Cool
    April 9th, 2016 at 16:19 | #2

    Hope there is new international brands in this premium outlet Pg.

  3. Hs
    April 9th, 2016 at 16:57 | #3

    Invest batu kawan …earn double in 5 year time.

  4. sankeri kanesan
    November 23rd, 2016 at 23:39 | #4

    I also proud to be Batu Kawan resident. I m waiting to see the successful Batu Kawan

  5. thayam
    November 29th, 2016 at 21:28 | #5

    traffic standstill everywhere
    roads small and narrow
    too many houses-overdevelopment

    price of houses stagnant and dropping but no buyers

    flies and bad smell

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