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UPCOMING: Teluk Kumbar / Zantalite Enterprise Sdn. Bhd.

December 4th, 2019 Leave a comment

proposed-development-by-zantalite

A newly proposed development by Zantalite Enterprise Sdn. Bhd. at Teluk Kumbar. Located along Lorong Gertak Sanggul, about 5 minutes drive away from Lexis Suites Penang. Surrounding amenities include SMK Seri Bayu, SK Teluk Kumbar, markets and popular seafood restaurants namely Hai Boey Seafood and Khunthai.

This development will see the demolition of the existing buildings, for the construction of two 28-storey residential and 21-storey commercial towers. The residential tower will offer 986 affordable units whereas the commercial tower will feature 200 duplex suites.

The project is still pending for approval. More details will be available upon official launch.

Project Name : (to be confirmed)
Location : Teluk Kumbar
Property Type : Affordable housing & commercial
Built-up Size: (to be confirmed)
Total Unit: 986 (affordable housing), 200 (suites)
Indicative Price : (to be confirmed)
Developer : Zantalite Enterprise Sdn. Bhd. (OHM Group)

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  1. Sammy
    December 4th, 2019 at 13:33 | #1

    It does look like Penang is moving out of the overhang doldrum ? Perhaps, with the recent sterling FDI performance of 13.3 billions (in 9 months!) inflows, Penangites are the real winner comparatively. Hopefully, the development expenditures from the central govt can commensurate accordingly, just to be fair and equitable ?

  2. hellboy
    December 4th, 2019 at 14:06 | #2

    We’re definitely not out of the woods yet with property glut in PG, it will take at least another 3-5 years, barring unforseen circumstances. Dev fund allocation cannot be done according to FDI/tax contributions from a state, as that will result in the rich getting richer, and the poor falling straight into the longkang (drain), what’s happening now in HK serves as a very good reference to socio-econ dynamics of rich-poor and the impact to social stability.

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