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Discover One of Penang Island’s Last Great Freehold Landed Opportunities

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Move-In Ready Freehold Semi-D Homes at Begonia @ Botanica.CT with Savings of RM200,000 and Above*

In a property market where freehold landed homes on Penang Island are becoming increasingly scarce, Begonia @ Botanica.CT presents a rare opportunity to own a completed semi-detached home within one of Penang’s most established master-planned garden townships.

Nestled within the lush 300-acre Botanica.CT township, Begonia offers more than just a home. It offers space, security, convenience, and the confidence of owning a freehold property in a mature and rapidly evolving community. With only 60 homes in this exclusive enclave and a limited number remaining, buyers today have the opportunity to secure immediate ownership while enjoying rebates of up to 18%*.

Why More Buyers Are Looking Towards Balik Pulau

The Balik Pulau of today is no longer known solely for its orchards and countryside charm. Increasingly, it is emerging as one of Penang Island’s most attractive residential destinations, offering what many urban locations can no longer provide: larger homes, greener surroundings, and genuine community living.

At the heart of this transformation sits Botanica.CT, a township that has steadily evolved into a self-sustaining environment where residents can live, learn, shop, and soon access specialist healthcare without needing to leave the neighbourhood.

A Home That Delivers Immediate Value

Unlike properties that remain years away from completion, Begonia is move-in ready today. Buyers can walk through the actual homes, appreciate the generous living spaces, and begin planning their future immediately.

To make ownership even more attractive, the current promotion includes:

  • Up to 18% rebate on selected units*
  • Total savings exceeding RM200,000*
  • Free Sale & Purchase Agreement legal fees*
  • Free Loan Legal Fees and MOT Stamp Duty*
  • Financing packages from RM788,840*

This combination of upfront savings and immediate occupancy creates one of the strongest landed property value propositions currently available on Penang Island.

Everything Your Family Needs, Right Around the Corner

One of Begonia’s greatest strengths is not just what stands within its gates, but what surrounds it.

Residents enjoy convenient access to:

  • TF Value-Mart for daily essentials and groceries
  • Prince of Wales Island International School (POWIIS), located within the township
  • An expanding selection of eateries, cafés and lifestyle outlets
  • The upcoming Selgate Specialist Hospital Pulau Pinang, enhancing healthcare accessibility within the community

For families, this means less time commuting and more time together. For investors, it reflects the key ingredients that support long-term property value growth: education, healthcare, retail conveniences and a growing resident population.

The Rare Combination of Lifestyle and Investment Potential

Few developments manage to satisfy both homeowners and investors equally well.

For homeowners, Begonia delivers the privacy of a landed residence, the security of gated-and-guarded living, and the peace of mind that comes with freehold ownership.

For investors, the story is equally compelling. The ongoing maturation of Botanica.CT, anchored by established amenities, educational institutions, commercial activity and future healthcare infrastructure, creates a strong foundation for future appreciation and rental demand.

As township developments mature, it is often the early residents who benefit most from the value created by growing amenities and increasing demand. Begonia offers buyers the chance to become part of that growth today rather than paying a premium later.

Limited Homes Remaining

Opportunities like this are becoming increasingly uncommon on Penang Island.

A completed freehold semi-detached home, within a gated community, inside an established master-planned township, with substantial purchase incentives and immediate occupancy, is a combination rarely available in today’s market.

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For those looking for a forever home, Begonia offers a lifestyle centred around family, community and convenience. For those seeking long-term property growth, it presents an opportunity positioned within one of Penang’s emerging residential corridors.

Experience Begonia for Yourself

Visit the Begonia Show House and discover why more buyers are making the move to Botanica.CT. Walk through the homes, explore the township, and experience firsthand the lifestyle that awaits.

Botanica.CT Sales Gallery Opens Daily 10:00am – 5:00pm
8-10, Jalan Sungai Air Putih, 11000 Balik Pulau, Pulau Pinang

For Enquiries or Show House Viewing Appointment:
Sales Gallery: 04-866 2399 / 012-865 3699

*Terms & conditions apply.

Register your interest in Begonia @ Botanica.CT

*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.)

Budget 2027 seen as policy-continuity budget for property sector

Property News/ 7 October 2026 No comments

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Budget 2027 is expected to maintain policy continuity for Malaysia’s property sector, with the government’s focus shifting increasingly towards funding and implementation rather than introducing major new reforms, according to Apex Research, as reported by The Star.

The research firm said existing home ownership incentives and the expansion of the Skim Jaminan Kredit Perumahan guarantee should continue supporting property transactions, particularly among affordable housing buyers and first-time homeowners.

Apex Research also viewed the National Housing Policy’s move towards locality-based affordability pricing as a sensible adjustment. It said the approach could help address the mismatch between housing supply and actual demand that has affected parts of the property market in previous cycles.

However, the proposed transition towards a build-then-sell (BTS) model remains an area to watch closely. Apex Research said a gradual transition supported by appropriate financing measures would be manageable for larger, better-capitalised developers. However, accelerating the transition without corresponding relief could place greater pressure on small and mid-sized developers that depend heavily on progressive billing.

Such an adjustment could potentially affect property launch volumes in 2027 and 2028, it said.

A property analyst quoted by The Star also remained positive on the sector, expecting Budget 2027 to include measures that would provide continued support for the industry.

Penang Property Outlook

For Penang, Apex Research highlighted developers with substantial landbanks along or near the Mutiara Line corridor, noting that transit-oriented development could provide a longer-term boost to land values as connectivity improves.

E&O Bhd was identified as having a sizeable, longer-term exposure through its waterfront landbank at Seri Tanjung Pinang and Andaman Island. Kerjaya Prospek Group Bhd, meanwhile, could see a more direct uplift from its property exposure closer to the planned transit corridor.

Paramount Corp Bhd’s Penang exposure was considered comparatively smaller, making it a secondary beneficiary of the broader trend.

Apex Research said Penang’s property outlook could continue to strengthen through 2027, with the Mutiara Line rail rollout expected to be a key catalyst independent of Budget 2027.

The research firm also expects a possible revision to the current RM1,700 minimum wage, potentially to between RM1,700 and RM2,000. For property developers, the more significant impact could come indirectly through higher construction costs, as increased contractor labour expenses feed into tender prices and project costs, potentially putting pressure on margins for fixed-price construction contracts.

13th PropertyGuru Asia Awards Malaysia with iProperty honours real estate excellence

Property News/ 6 October 2026 No comments

Top developers celebrated the 13th PropertyGuru Asia Awards Malaysia in partnership with iProperty, presented by Lim Soh & Goonting Advocates & Solicitors, at The St. Regis Kuala Lumpur.

Guided by the theme “Defined by Excellence,” the 2026 PropertyGuru Asia Awards Malaysia with iProperty recognised the country’s best in real estate across 62 categories.

From township developers to breakthrough companies, this year’s awards were comprehensive, honouring the best in different real estate segments and regions.

Timber Land Group won the evening’s top honour, Best Developer, marking its first-ever win in the category, in addition to Best Developer (East Malaysia). CPI Land was named Best Developer (Central Malaysia) alongside award-winning project Tuan Straits. Tanah Sutera took both Best Developer (Southern Malaysia) and Best Landed Homes Developer, buoyed by winning project The Seed.

JLand Group, named Best Township Developer, collected the most awards of any company, covering Developer, Development, and Design categories for projects including Arena Larkin; Bandar Tiram; Ibrahim Technopolis (IBTEC) – Aspiration Park; Ibrahim Technopolis (IBTEC) – STeP West; and Medora One.

JRK Holdings Berhad won both Best Breakthrough Developer and Best Boutique Developer. Keck Seng (Malaysia) Berhad was named Best Mixed Use Developer, also winning for the project Daya 1 Residences, Taman Daya.

Penang developers also made their mark at this year’s awards, with PTL Properties, Aspen and Pinnacle Group among the winners. PTL Properties was named Best Lifestyle Developer, with The Rimbun also winning Best Mass Market Landed Development (Northern) and Best Townhouse Development. Aspen’s Aspen Vision City received the Best Township Development (Northern) award, while Pinnacle Group won Best Premium High-Rise Development (Northern) for Pinnacle Bukit Gambier.

Other companies with winning projects include Amalan Setar (M) Sdn Bhd, which won for Ixora Garden – Sari Alamanda 4 Phase 2; Armani Group (Armani Hallson Bukit Bintang); Astaka Kimlun Sdn Bhd (Amora Serviced Residence); BCB Land Sdn. Bhd. (Straya Heights); Coronade Properties Sdn Bhd (Coronation Square; Coronade Twins – Serviced Residences); CTC Development Malaysia Sdn Bhd (CTC Skyone @ Bukit Chagar); Faire Development (bée); Gunung Impian Development Sdn Bhd (Taman Impian Emas); Infra Park Sdn Bhd (MLIMA Kiara); KEB Berhad (Residensi Cove @ Kota Syahbandar); Matrix Concepts (Levia Residence Puchong); OCR Templer Sdn Bhd (D’Templer Hilltop Residences); Peter’s Group (Cherita Residences); Puncak Concept Sdn Bhd (Puncak LakePark City @ Cyberjaya); R&F Development Sdn Bhd (R&F Princess Cove); Steadfast Properties (Laguna Residences); Tiram Industrial Park Sdn Bhd (Akasia Business Park); Tropicana Corporation Berhad (Clarissa Serviced Suites, Tropicana Cenang); UEM Sunrise Berhad (Intrika, Serene Heightshase s); and Worldwide Holdings Berhad (Pavonia Worldwide, Bukit Bandaraya Shah Alam).

Outstanding real estate figures

The 13th PropertyGuru Asia Awards Malaysia with iProperty celebrated some of the impactful figures in Malaysian real estate.

Tan Sri Dato’ Seri Dr. Jeffrey Cheah KBE AO, founder and chairman of Sunway Group, received the Life Achievement Award. Dato’ Seri Azmir Merican, group managing director and chief executive officer of Sime Darby Property, was named Real Estate Personality of the Year.

Dato’ Sri Edwin Tan Pei Seng, executive chairman of Paragon Globe Berhad, was honoured as Rising Star, while Ms. Maggie Ng Mui Kit, chief executive officer of Kuok Group Property Division (Southern), received the Woman Changemaker Award.

Consumers, catalysts, and consistency

The Consumer Demand Award continued this year, recognising the property that captured the strongest genuine interest from Malaysian property seekers. Determined by consumer views and leads across PropertyGuru.com.my and iProperty.com.my, Leisure Farm Resort by Mulpha International was named Most In-Demand Bungalow/Villa, in addition to winning Best Resort-Style Township Development.

The People’s Choice Awards also continued the tradition of tapping consumer opinion to identify the nation’s 10 favourite developers. This year, 15,383 votes were cast for developers that consumers in Malaysia admire and trust. The winners of the People’s Choice Awards in 2026 are: Berinda Group; Coronade Properties Sdn Bhd; CPI Land; Gunung Impian Development Sdn Bhd; JLand Group; KEB Berhad; Matrix Concepts; Pinnacle Group; Tropicana Corporation Berhad; and UEM Sunrise Berhad.

In addition, PropertyGuru.com.my and iProperty.com.my presented several titles for the first time this year. IIB Experience Centre (IIBEX) by Iskandar Investment Berhad received the inaugural Real Estate Ecosystem Catalyst Award.

The Consistency Excellence Awards also made their debut, recognising companies with consecutive years of wins at the awards. Gunung Impian Development Sdn Bhd won the 4-Year Consistency Excellence Award. Meanwhile, the 3-Year Consistency Excellence Awards were presented to Armani Group; Astaka Padu Sdn Bhd; Berinda Group; Coronade Properties Sdn Bhd; Iskandar Investment Berhad; JLand Group; R&F Development Sdn Bhd; and Tropicana Corporation Berhad.

Live selection process

Winners of the competitive categories were selected during the Live Judging Days from 30 June to 2 July 2026 at the Amari Hotel Kuala Lumpur. The evaluation process, independently supervised by HLB Ler Lum Chew, saw a multi-disciplinary panel from Malaysia’s leading professional bodies assess an expanded lineup of categories.

This year’s panel was chaired by Datuk Ar. Ezumi Harzani Ismail, president of the Malaysian Institute of Architects (PAM) from 2020 to 2022, and included Ir. Ashwin Thurairajah, executive director, GreenRE Sdn Bhd; YBrs. Sr. Haji Ishak Ismail, president, Malaysian Institute of Property & Facility Managers (MIPFM) 2023–2027; Ms. Janice Chin, senior director, Capital Markets, JLL Appraisal & Property Services Sdn Bhd; Prof. Dr. Ir. Jeffrey Chiang Choong Luin, president, The Institution of Engineers Malaysia (IEM) 2024–2026; Dato’ Sr. Lau Wai Seang, president, Royal Institution of Surveyors Malaysia (RISM) 2017–2018; TPr. Mazrina Dato’ Abdul Khalid, president, Malaysian Institute of Planners (MIP) 2025–2027; Assoc. Prof. LAr. Dr. Nor Atiah Ismail, president, Institute of Landscape Architects Malaysia (ILAM) 2024–2026; Adj. Prof. IDr. Norshafina Ibrahim, president, Malaysian Institute of Interior Designers (MIID) 2024–2026; Mr. Oliver Wee, president, Master Builders Association Malaysia (MBAM) 2024–2026; Ar. Sarly Adre Sarkum, chief executive officer, Green Building Index (GBI); Ar. Dr. Serina Hijjas, president, Malaysia Green Building Council (MGBC) 2023–2027; and Ms. Tan Hui Yin, partner, Tan Chap & Associates.

Datuk Ar. Ezumi Harzani Ismail said: “Good design is the product of discipline, clarity of intent, and an understanding of how people inhabit space. What struck me most among this year’s winners was a shared design intelligence: sensitivity to context and climate, thoughtful handling of landscape and light, and a commitment to sustainability that goes beyond token gestures. From the elegant restraint of landed homes to the confident lines of high-rise towers, these projects show that Malaysian design has matured into something both internationally credible and distinctly our own. And with quality consistent across every tier, good design is not a privilege of the few but a standard we can deliver for all. On behalf of the judging panel, I congratulate every winner for raising the bar for Malaysian real estate.”

Jules Kay, managing director of PropertyGuru Asia Property Awards and Events, said: “This year’s awardees share a commitment to thoughtful placemaking, sustainable design, and creating developments that enhance the way people live, work, and connect. From transformative township masterplans to beautifully crafted landed homes, this year’s winners show that excellence equals lasting value for communities. We are proud to celebrate developers that deliver value and quality to homebuyers. We also celebrate the individual leaders whose passion and foresight continue to inspire the industry. Together, these achievements set a benchmark for Malaysian real estate.”

Winners may advance to the PropertyGuru Asia Property Awards Grand Final, recognising the Best in Asia on 11 December 2026 at The Athenee Hotel, a Luxury Collection Hotel, Bangkok.

The PropertyGuru Asia Awards Malaysia with iProperty is supported in 2026 by platinum sponsor Lim Soh & Goonting Advocates & Solicitors; official portal partners PropertyGuru.com.my and iProperty.com; official ESG knowledge partners Green Building Index (GBI), GreenRE, and Malaysia Green Building Council (MGBC); official magazine Property Report by PropertyGuru; strategic media partner Out of Home Media; media partners The Grid Asia, The Iskandarian, The Malaysia Voice, Niaga Times, Penang Property Talk, and Top 10 of Malaysia; official AI photo experience partner Gump; and official supervisor HLB.

For more information, email awards@propertyguru.com or visit the official website: AsiaPropertyAwards.com.

COMPLETE LIST OF WINNERS

DEVELOPER AWARDS

  • Best Developer: Timber Land Group
  • Best Developer (Central Malaysia): CPI Land
  • Best Developer (Southern Malaysia): Tanah Sutera
  • Best Developer (East Malaysia): Timber Land Group
  • Best Township Developer: JLand Group
  • Best Landed Homes Developer: Tanah Sutera
  • Best Boutique Developer: JRK Holdings Berhad
  • Best Mixed Use Developer: KECK SENG (MALAYSIA) BERHAD
  • Best Lifestyle Developer: PTL Properties
  • Best Breakthrough Developer: JRK Holdings Berhad

DEVELOPMENT AWARDS

  • Best Township Development (Northern): Aspen Vision City by Aspen
  • Best Township Development (Southern): Taman Impian Emas by Gunung Impian Development Sdn Bhd
  • Best Resort-Style Township Development: Leisure Farm Resort by Mulpha International
  • Best Mega Township Development: Bandar Tiram by JLand Group
  • Best Transit-Oriented Development (TOD): Coronation Square by Coronade Properties Sdn Bhd
  • Best Integrated Lifestyle Development: R&F Princess Cove by R&F Development Sdn Bhd
  • Best Smart Building Development: Ibrahim Technopolis (IBTEC) – Aspiration Park by JLand Group
  • Best Retail Development: Puncak LakePark City @ Cyberjaya by Puncak Concept Sdn Bhd (A Puncakdana Company)
  • Best Factory Development: Akasia Business Park by Tiram Industrial Park Sdn Bhd
  • Best Industrial Development: Ibrahim Technopolis (IBTEC) – STeP West by JLand Group
  • Best Ultra Luxury High-Rise Development (Central): Armani Hallson Bukit Bintang by Armani Group
  • Best Luxury High-Rise Development (Southern): CTC Skyone @ Bukit Chagar by CTC Development Malaysia Sdn Bhd
  • Best Premium High-Rise Development (Northern): Pinnacle Bukit Gambier by Pinnacle Group
  • Best Value-for-Money High-Rise Development (Central): Tuan Straits by CPI Land
  • Best Value-for-Money High-Rise Development (Southern): Residensi Cove @ Kota Syahbandar by KEB Berhad
  • Best Mass Market High-Rise Development (Central): MLIMA Kiara by Infra Park Sdn Bhd
  • Best Luxury Landed Development (Southern): Laguna Residences by Steadfast Properties
  • Best Value-for-Money Landed Development (Central): Pavonia Worldwide, Bukit Bandaraya Shah Alam by Worldwide Holdings Berhad
  • Best Value-for-Money Landed Development (Southern): bée by Faire Development
  • Best Mass Market Landed Development (Central): Ixora Garden – Sari Alamanda 4 Phase 2 by Amalan Setar (M) Sdn Bhd
  • Best Mass Market Landed Development (Northern): The Rimbun by PTL Properties
  • Best First-Home High-Rise Development: Cherita Residences by Peter’s Group
  • Best First-Home Landed Development: Straya Heights by BCB Land Sdn. Bhd.
  • Best Investment High-Rise Development: Coronade Twins – Serviced Residences by Coronade Properties Sdn Bhd
  • Best Serviced Apartment Development: Daya 1 Residences, Taman Daya by Keck Seng (Malaysia) Berhad
  • Best Rejuvenated Residential Development: D’Templer Hilltop Residences by OCR Templer Sdn Bhd
  • Best Lifestyle High-Rise Development: Amora Serviced Residence by Astaka Kimlun Sdn Bhd
  • Best Lifestyle Low-Rise Development: The Seed by Tanah Sutera
  • Best Lifestyle Landed Development: Intrika, Serene Heights by UEM Sunrise Berhad
  • Best Sustainable High-Rise Development: Medora One by JLand Group
  • Best Nature-Integrated High-Rise Development: Levia Residence Puchong by Matrix Concepts
  • Best Waterfront High-Rise Development: Clarissa Serviced Suites, Tropicana Cenang by Tropicana Corporation Berhad
  • Best Townhouse Development: The Rimbun by PTL Properties

DESIGN AWARDS

  • Best Township Masterplan Design: Arena Larkin by JLand Group
  • Best Mixed Use Architectural Design: Phase 0, Arena Larkin by JLand Group
  • Best High-Rise Architectural Design: CTC Skyone @ Bukit Chagar by CTC Development Malaysia Sdn Bhd
  • Best Landed Architectural Design: bée by Faire Development
  • Best High-Rise Landscape Design: Residensi Cove @ Kota Syahbandar by KEB Berhad
  • Best Landed Landscape Design: bée by Faire Development

BEST OF MALAYSIA

  • Best Township Development (Malaysia): Bandar Tiram by JLand Group
  • Best Landed Development (Malaysia): Intrika, Serene Heights by UEM Sunrise Berhad
  • Best High-Rise Development (Malaysia): Amora Serviced Residence by Astaka Kimlun Sdn Bhd
  • Best Commercial Development (Malaysia): Coronation Square by Coronade Properties Sdn Bhd
  • Best Designed Development (Malaysia): Arena Larkin by JLand Group

INDIVIDUAL AWARDS

  • Life Achievement Award: Tan Sri Dato’ Seri Dr. Jeffrey Cheah KBE AO (Founder & Chairman, Sunway Group)
  • Real Estate Personality of the Year: Dato’ Seri Azmir Merican, Group Managing Director & Chief Executive Officer, Sime Darby Property

PORTAL’S CHOICE AWARDS

  • Rising Star: Dato’ Sri Edwin Tan Pei Seng, Executive Chairman, Paragon Globe Berhad
  • Woman Changemaker Award: Ms. Maggie Ng Mui Kit, Chief Executive Officer, Kuok Group Property Division (Southern)
  • Real Estate Ecosystem Catalyst Award: IIB Experience Centre (IIBEX) by Iskandar Investment Berhad

CONSUMER DEMAND AWARD

  • Most In-Demand Bungalow/Villa (For Sale) – Malaysia: Leisure Farm Resort by Mulpha International

4-YEAR CONSISTENCY EXCELLENCE AWARD

  •  Gunung Impian Development Sdn Bhd

3-YEAR CONSISTENCY EXCELLENCE AWARDS

  • Armani Group
  • Astaka Padu Sdn Bhd
  • Berinda Group
  • Coronade Properties Sdn Bhd
  • Iskandar Investment Berhad
  • JLand Group
  • R&F Development Sdn Bhd
  • Tropicana Corporation Berhad

PEOPLE’S CHOICE AWARDS

  • Berinda Group
  • Coronade Properties Sdn Bhd
  • CPI Land
  • Gunung Impian Development Sdn Bhd
  • JLand Group
  • KEB Berhad
  • Matrix Concepts
  • Pinnacle Group
  • Tropicana Corporation Berhad
  • UEM Sunrise Berhad

SkyWorld Cassia coming soon to Batu Kawan

Property News/ 5 October 2026 No comments

SkyWorldCassia-cominig soon

SkyWorld Cassia is set to add a new residential address to the fast-growing Batu Kawan township, with registration of interest now open ahead of its upcoming launch. Strategically situated right next to the Linear Park, the development puts residents close to major employment hubs, shopping destinations, schools and key transport links, including Batu Kawan Industrial Park, IKEA Batu Kawan, Design Village Outlet Mall, SJK(C) Kuang Yu and the Second Penang Bridge.

The project will comprise six 29-storey residential blocks with a total of 3,600 units. Each unit has a standard built-up size of 900 sq ft, featuring three bedrooms and two bathrooms. One to two parking spaces will be allocated to each unit. The maintenance fee will be fixed at RM0.18 per sq ft for the first 10 years.

Facilities are planned around landscaped green areas, community spaces and recreational areas, together with retail facilities for everyday needs. Other features include natural ventilation and lighting, gated and guarded security, smart access via the SkyWorld Connect app and dedicated EV charging spaces.

Registration of interest is now open for SkyWorld Cassia!

Register your interest in SkyWorld Cassia

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

Ayer Itam bypass reaches 93% completion

Property News/ 3 October 2026 No comments

air-itam-bypass-93-completed

The Ayer Itam–Tun Dr Lim Chong Eu Expressway bypass has reached 93% completion, with the remaining works targeted for completion by April 2027.

Paya Terubong assemblyman Wong Hon Wai said the project team recently held its 60th monthly progress meeting, which he has been attending since he was elected in August 2023.

At the Farlim end, the deck slab has been completed, while work is ongoing on the parapet and reinforced earth (RE) wall near Lintang Angsana.

Road widening works along Lintang Angsana have also started to facilitate construction of the RE wall and are expected to continue throughout October. The works are expected to affect Rapid Penang bus services in the area, as the road will have limited space for buses to turn. Rapid Penang is expected to announce any temporary route changes or alternative arrangements separately.

Two outstanding issues still require coordination with external agencies. These involve approval from the Malaysian Highway Authority (LLM) for the proposed left-in, left-out (LILO) arrangement, and the relocation of Indah Water Konsortium (IWK) pipes near the Farlim viaduct.

Meanwhile, the Penang government has agreed to auction a 2.42-hectare plot of state land to help Consortium Zenith Construction Sdn Bhd (CZC) raise funds to complete the remaining works.

Wong said the land had been identified previously, but instead of CZC selling it directly to another party, the state will now facilitate an open auction. He said the arrangement is part of the project’s financing structure and is intended to address CZC’s cash-flow requirements without imposing a toll on the bypass.