MYEG to build and manage workers village at BKIP 3


My EG Services Bhd’s sub-subsidiary MY EG Lodging Sdn Bhd has secured a tender from Penang Development Corp for the setting up of a workers village and related facilities at Batu Kawan Industrial Park 3 in Seberang Perai Selatan, Penang.

In a filing with Bursa Malaysia, the group said the project is for MY EG Lodging to lease a land measuring 8.39 acres at a value of RM20.39mil for 30 years to build and operate the workers village and related facilities at its own cost.

The workers village, which is estimated to accommodate 7,500 foreign workers, will comply with Jabatan Tenaga Kerja Semenanjung Malaysia guidelines and will be certified with GreenRE.

The group said the project is expected to contribute positively to the group’s earnings per shares and net assets per share upon commencement of operations.

Source: TheStar.com.my

  1. Wan
    April 14th, 2023 at 11:12 | #1

    Wrong location pinned. The pinned location is Penang Science Park South.
    The project side in BKIP3 should be exactly behind Madura Fasterners factory.

    April 14th, 2023 at 18:40 | #2

    Thanks, great catch! It’s a different plot. We have updated the location.
    The plot near PSPS will be another workers village.

    • Wan
      April 16th, 2023 at 11:47 | #3

      Wow! Prompt correction. Yes. The hostel at PSPS is still under RFP stage. But that site is too closed to Bt Tambun local community. Not suitable to place few thousands foreign workers there.

  3. kelpa32
    April 15th, 2023 at 17:50 | #4

    will add to the jammed at bukit tambun that getting worst day to day

  4. mofaz
    April 17th, 2023 at 08:41 | #5

    Currently Batu Kawan is like a ghost town, the foreign workers will liven it up and bring economic benefits to the locals. Bravo to the state government..

  5. MajorArches
    April 17th, 2023 at 17:10 | #6

    Batu Kawan Hoseh liao jit pai

  6. Batu Wan
    April 18th, 2023 at 08:06 | #7

    Yes. Batu Kawan property been appreciate very much.
    It fetches a good price now. Probably it takes sometime to achieve RM1000psf for condo or landed. However it may happen too once whole township setup. Keep it up.

  7. HK
    April 18th, 2023 at 08:19 | #8

    Over goreng location. When all projects are in place and property is sold. That place will be living hell.

  8. Batu Wan
    April 18th, 2023 at 12:12 | #9

    Island probably will be living hell as fully congested with traffic jam with high price. But still people like to stay in a jam place.
    For Batu Kawan is a new township many thing still possible.
    After all amenities in place then it will be another future satellite city like Gurney. During that time it will be Jam but still fetch good price. That’s a demand in here since property all sold.

  9. Islander
    April 20th, 2023 at 08:48 | #10

    Overhyped I believe, because Penang property always took longer to develop.

    But overpriced I think no. Thinking of most Penangites working in the industry zone, actually, there is nothing wrong with Batu Kawan.
    Just a typical Asian mindset that prefers popular places over unpopular ones.

    The thing is, by the time the places get popular like Queensbay, don’t expect QR set price like Gold Coast first launch.

    It’s easy to judge that a place is good after it’s already fully developed.

  10. Wan
    April 27th, 2023 at 22:16 | #11

    I don’t think BK will become another Gurney. There is always only 1 CBD for a city where tourists must go with malls selling luxury stuff. For those hoping BK properties to appreciate 10x, wait long long. Our government is not super rich like Dubai who can build a CBD from desert. Our CBD formed itself over many decades. BK will be another Bayan Baru or Subang Jaya. They are for living class – those who work in the same area. Do all penangites like to stay in Bayan Baru? Not really. Same answer you get from KL people about Subang Jaya. Yes, you can invest for rental return but you won’t get fortune falling from the sky soon.

  11. CM
    April 28th, 2023 at 02:51 | #12

    No need talk about gurney also. Even BK no where near to Queensbay.

  12. Wan
    May 2nd, 2023 at 11:55 | #13

    Depends on what we are comparing. We should not generalize and try to be claim ‘best’. No area is best for everyone because everyone has different lifestyle. Same like IKEA, even Queensbay is rather empty during weekdays. Both are jammed with cars and visitors coming from OUTSIDE only on weekends and PH. That means these places are supported by outsiders. Want to see places supported by local residents? Look at Gelugor Lotus-Udini or BM Aeon. BK is still relatively new and it is not fair to compare with those more matured happening places. If you are old enough to see what Sbrg Jaya was like 20+ years ago when we had only Makro hypermarket, you know what I mean.

  13. Islander
    May 2nd, 2023 at 14:10 | #14

    It’s a normal human reaction.

    When there is nothing, they look down the place.
    When it becomes a Gurney, then complain penang house is too expensive.

    Think about how many people from Georgetown were willing to buy the Bayan Lepas area back in 2000 before the coastal highway was done.

    Although not going to say BK will become Gurney because both are different type of investment in my POV, but close to Queensbay for sure because that’s how Queensbay looks like 20years ago. BK is even better.

    I think people even forgot that Queensbay mall used to be abandoned construction for 7 years. Can you imagine a project in the Queensbay area getting abandoned now 2023?

  14. Wan
    May 2nd, 2023 at 15:50 | #15

    Penang is unique because Island and Mainland develop independently. They are not like KL & PJ. For me, sustainable development is crucial to ensure a happening place continues to be happening for the next 10 or 20 years. How much vacant land available in the vicinity is the key. Only with new developments – mall, condo, factory, office etc. which can continue to attract people, then the town center will sustain. Gurney needs the Wharf and Andaman Island. Queensbay needs the Waterfront. Else, they will slowly turn into Bagan Luar or Komtar when other places are developed with newer facilities. BK has the advantage of vacant land but also with disadvantage of the land being water-ponding low lying soft clay. Transporting the soil from Kedah to BK truck by truck is not a keyboard-pressing task. That means BK is fated to develop slower. The vacant land lots are like jigsaw puzzle pieces and its picture will slowly unveil. Not everyone has the patience to play puzzle though!

  15. CM
    May 2nd, 2023 at 17:18 | #16

    We talked about housing price instead of crowded.
    Queensbay area price may shoot up very high due to many world class project upnext & that’s 2 new hotel in pipeline to build near by seaside. BK still very much to go but definitely not even after 10 years as lelong unit alot & over supply. Queensbay mall abandoned 7 years due to developer issue & no related to location or other factor.

  16. Islander
    May 3rd, 2023 at 09:15 | #17


    Indeed not everyone has the patience to play puzzle, but Penang all the while is slow pace if you ask me.
    Judging from 5years ago BK actually consider fast development already compare to Queensbay or Bayan Lepas.
    You know 7years ago BK really just mugg.

    First of all why those world class project have confident to invest in there? this is up to us to think about.
    In my opinion for a place to get developed, first you need job opportunity, then -> living and sustain -> then only entertainment. After that only those fancy pretty things come in.

    This is also how Bayan Lepas started. We got the pioneers to invest kilang and created job opportunity, then only the rest come.
    BK already have the first step, more to come, indeed very slow la but I can just say don’t compare Penang to KL.

    You should think that majority of staying in BK are middle-atas income engineer & talents, the potential is very strong here if not because of failure Aspen in townhouse planning.

    I have seen a lot taking an example of KL or somewhere but honestly, as a Penangites I know that Penang’s development all the while is slow pace one, the reason why Penang top in the most suitable place to retire.

    Don’t expect fast money and quick in & out investment here, pretty much everything is by long term only.

  17. Wan
    May 3rd, 2023 at 17:10 | #18

    When we make comparison, we compare apple with apple. We don’t compare apple with orange. It is same like we do not compare siblings of elder in secondary school and younger still in primary and conclude that the younger is less smart. It is the person who compares that is not smart actually!
    If you want to compare pricing only, why not compare Queensbay with Gurney or Tg Tokong? Both are established and both on Island. If Queensbay shoot up 2x, Gurney shoot up 3x or 4x. Investing Queensbay solely for pricing gain is not that smart either for me.

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