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SITE PROGRESS: Lucerne Residences (Apr 2024)

Property News/ 16 April 2024 No comments

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About Lucerne Residences

The final phase of residential development by Ideal Property Group at Ideal Vision Park in Bayan Lepas. It is just a short drive to Penang International Airport, 10 minutes walking distance to Straits International School. The project will see two blocks of 36-storey skyscrapers featuring a European living concept. It offers 480 residential units with a 5-storey parking podium.

Find out more about Lucerne Residences

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Construction of the Penang Hill cable car project set to begin next month

Property News/ 15 April 2024 No comments
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Picture for illustration purposely only

The construction of the Penang Hill cable car project is set to commence next month, or latest by June, as confirmed by Penang Infrastructure, Transport, and Digital Committee chairman Zairil Khir Johari.

Zairil mentioned during a short media briefing, prompted by reporters, that planning permission was secured in January of this year.

“The project received approval alongside both the Environmental Impact Assessment (EIA) and the Social Impact Assessment (SIA).

“Therefore, both the state and the Penang Hill Corporation (PHC) anticipate the project to begin soon,” he said after attending the Raya Carnival held at SK Jalan Residensi today.

Expanding on his earlier remarks, Zairil stressed that the 2.7km cable car project connecting the Botanic Gardens to the summit of Penang Hill would significantly boost the tourism sector upon its anticipated completion within three years.

“It will offer an alternative transportation option to the current funicular railway in Air Itam.

“Moreover, Penang Hill’s food and beverage industry, along with other tourism offerings, stand to reap substantial benefits.

“The estimated commuting time to Penang Hill via the cable car is approximately 10 minutes,” he said

In attendance at the event, Chief Minister Chow Kon Yeow commended the relevant authorities for their approval of the cable car project, as well as for their efforts in advancing various infrastructure initiatives.

“We extend our sincere gratitude to the Federal Government, particularly for their invaluable assistance and unwavering commitment to enhancing the public transportation network within the state.

“We eagerly anticipate the completion of the Penang Hill cable car project, which will provide an alternative mode of transportation to the existing funicular railway.

“As such, we remain dedicated to enhancing the state’s infrastructure projects and fostering the development of Penang for the betterment of its people,” he said.

At the Raya Carnival event, Chow praised the power of embracing the diverse multiracial and multicultural fabric of society as a catalyst for fostering unity.

Source: Buletin Mutiara

Aralia Park

Simpang Ampat/ 15 April 2024 No comments

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Aralia Park, a serviced residence development by Palmington Sdn. Bhd. (Tambun Indah Group), situated in the Pearl City township of Simpang Ampat. It is positioned along Persiaran Mutiara 8, neighboring the Palm Garden to its left, with XCL International School behind it, and Pearl City Mall to its right. This marks the third high-rise development undertaken by the same company within the Pearl City township.

This development consists of two towers, each standing 21 storeys tall, offering a total of 359 residential units comprising 2-bedroom and 3-bedroom layouts, complemented by a 50m lap pool. Additionally, it features a 6-level car parking podium and 10 units of 2-storey shop lots at ground floor level. There are 6 different layout types to choose from, with the smallest unit starting at 775 sq.ft. and the largest unit spanning 1,194 sq.ft.

Project Name : Aralia Park
Location : Pearl City, Simpang Ampat
Property Type : Serviced residence
Total Units: 359
Built-up Size: 775 sq.ft. – 1,194 sq.ft.
Land Tenure: Freehold
Indicative Price : RM430,000 onwards
Developer : Palmington Sdn. Bhd. (Tambun Indah Group)

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DISCLAIMER: This article is solely based on research done using publicly available data. This is not an advertisement. Any claim, statistic, quote or other representation about a project or service should be verified with the developer, provider or party in question.

SITE PROGRESS: The Meg @ Andaman (Apr 2024)

Property News/ 13 April 2024 No comments

the-meg-site-progress-apr2024

About The Meg @ Andaman

The first project in Andaman Island, the highly-anticipated prime reclaimed island of Seri Tanjung Pinang Phase 2A by E&O. Features two blocks of 27 and 34-storey serviced apartments with an estimated GDV of RM690 million. It comprises 1,020 residential units with innovative layouts designed to suit young executives and new families.

Find out more about The Meg @ Andaman

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PROPOSED: Gurney Drive / Ventas Sdn. Bhd.

Gurney Drive/ 12 April 2024 No comments

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Yet another upcoming luxury development nestled along the ever-bustling Gurney Drive, this project is undertaken by Ventas Sdn. Bhd. Situated adjacent to the newly completed Marriott Residences and offering picturesque views of Gurney Bay, it is merely minutes away by car to Gurney Plaza and Gurney Paragon.

This development will entail the construction of a 30-storey commercial building featuring 66 office suites with mezzanine floor. It will come equipped with an automated car parking system to cater to parking needs.

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

Project Name : (to be confirmed)
Location : Gurney Drive
Property Type : Commercial suites
Tenure : (to be confirmed)
Land Area: (to be confirmed)
Built-up Area: (to be confirmed)
Total Units : 66
Indicative Price: (to be confirmed)
Developer : Ventas Sdn. Bhd.

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DISCLAIMER: This article is solely based on research done using publicly available data. This is not an advertisement. Any claim, statistic, quote or other representation about a project or service should be verified with the developer, provider, or party in question.