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New canopy walk in Penang Hill by year-end

Property News/ 14 February 2011 No comments

Penang is set to feature a new treetop walkway as a nature attraction by the end of the year.

The project, to cost some RM3 million, is part of an eco-tourism venture that also includes an adjoining 1.6km nature trail, designed to boost environmental conservation and tourism in Penang.

The 200-metre walkway project will include a viewing deck and giant swings, and is to be designed to facilitate night excursions as well.

Chief Minister Lim Guan Eng said the cost of the development will be fully financed by Creative Quest Sdn Bhd.

The company will be granted a licence to manage and operate the venture for a period of 20 years, with an additional 15 years under terms and conditions to be mutually agreed to by the state and the company.

Creative Quest was also the only party that submitted a proposal following a site visit and tender briefing attended by five companies.

The project is slated to begin development next month, for completion by the end of the year.

The current longest canopy walk, measuring some 950m on an elevated steel pathway, is located in the Sungai Sedim forest reserve in Kedah.

The hill’s original 290m canopy walk, installed amid the famous tall dipterocarp trees there, was damaged by fallen trees due to a storm in September 2008.

Malaysia’s other canopy walks include those at Taman Negara in Pahang, Teluk Bahang National Park in Penang, Forest Research Institute of Malaysia (FRIM) in Selangor, the Kinabalu National Park in Poring, Sabah, and the Mulu National Park in Sarawak.

The entrance fee for the Penang Hill walkway, which is yet to be determined, will include insurance coverage. Senior citizens and pre-school children will not be charged, while students with identification cards will be entitled to a special price.

Source: TheSunDaily

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Pemandu: Penang not left out of ETP

Property News/ 11 February 2011 No comments

KUALA LUMPUR: Penang has not been left out of the Economic Transformation Programme (ETP), contrary to claims by certain quarters, that the island-state was not being offered any project or development under it.

According to the Performance Management and Delivery Unit (Pemandu), some 95 entry points projects (EPPs), will be implemented in Penang over the next 10 years within 11 National Key Economic Areas (NKEAs).

In a statement on Friday, Feb 11, it said that in 2010, the Malaysian Investment Development Authority (Mida) facilitated the inflow of RM12.2 billion in investments involving 128 projects to Penang.

Pemandu also said it was inaccurate to adopt a proportional approach to determine the amount of investment that a state is entitled to, either as a whole or on a point in time such as the third ETP Progress Update, where 19 developments and projects were announced.

The ETP is a focused, inclusive and sustainable initiative that will transform Malaysia into a high-income nation by 2020.

Where inclusiveness is concerned, the ETP aims to share the wealth of the country with all segments of the population, whether urban or rural, regardless of gender and in all regions, including Penang, although the island is under the opposition pact government.

For example, in November 2010, at the second ETP Progress Update, it was announced that Cisco will be investing in Penang via the transfer of its manufacturing process and skills for a wide range of routing and switching products from the United States to Penang.

Traditionally, Penang is renowned as the hub for the Electronics and Electrical (E&E) sector and within the ETP, Penang will see developments in many of the 13 Entry Point Projects within this NKEA.

These EPPs cut across four subsectors that will strengthen Malaysia's capabilities across the value chain, particularly in higher value-add upstream activities.

Penang-grown Pensonic Bhd is embarking on an expansion over the next five years to realise the establishment of an electrical home appliance manufacturing hub and international distribution network.

"This is one of the EPPs identified in the ETP Roadmap within the E&E NKEA," Pemandu said.

Under the Tourism NKEA, Penang has been identified as a potential location for the development of EPPs such as the establishment of a Premium Outlet, becoming one of the stops for the Straits Riviera cruise, developing local expertise and better regulation of the spa industry. – Bernama



SOURCE: The Edge Property

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The Light Collection II

Gelugor, Property News/ 10 February 2011 207 comments

It begins with the Penang essence which has drawn and charmed generations of visitors. It is distilled from the colourful convergence of diverse cultures on Penang’s waterfront – an eclectic mix of Malay, Chinese, Indian, Nonya Baba, Jawa-Peranakan and European traditions, architecture, food and festivals. The Penang essence is not to be found anywhere in the world.

In THE LIGHT, the Penang essence prevails, inspiring fresh interpretations of the island’s endearing appeal.

Today, Penang’s waterfront is a favourite haunt for families and friends, morning, noon and night. Cool, evening strolls, visits to eating stalls here, or simply being there to watch ships and yachts go by are a national pastime. The magnetic allure of Penang’s waterfront and the lure of water will be made to beckon even more strongly by THE LIGHT.

By having one-third of the area actually covered in water; the Pier-like buildings of THE LIGHT COLLECTION II truly seem to be a float. Resembling a hand reaching out to touch the sea, the wharf-like Pier Apartments radiate like outspread fingers opening up to enjoy the best-possible light and marine-view from all three sides.

Property Project : The Light Collection II @ The Light Waterfront
Location : Off Coastal Highway, Gelugor
Property Type : Luxury Condominium
Land Tenure : Freehold
No. of Blocks : 5
No. of Storey : 7
Built-up Area : 517 – 3,617 sq.ft.
Total Units : 297
Developer : IJM Land Berhad
Website : www.thelightwaterfront.com

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Island Resort Semi-Detached Villas

Island Resort Semi-Detached Villas are exclusively designed for the discerning few where sophisticated style and glamour are personified, a feeling enhanced by panoramic windows offering open views across its terraces. Each of the four-storey villas has its own private lift that caters for easy accessibility between floors. The villas come in various sizes, each superbly designed, with built-up areas from 3,820 sq ft to 6,450 sq ft. With a fusion of nature and architecture, a private plunge pool is provided to enhance the serene setting.

Location : Batu Ferringhi, Penang
Property Type : Four-storey semi-detached villa
Tenure : Freehold
Total Units : 11
Built-up Area : 3,820 sq.ft – 6,450 sq.ft
Indicative Price : RM2,100,000 onwards
Developer : Ivory Properties
Website www.ivory.com.my

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The Latitude @ Mount Erskine

The Latitude, just like its name, suggests the gravity-defying aura from the pinnacle. This masterpiece parades its 43-storey façade as one of the tallest residential buildings in the whole of Penang Island. Perched 500 feet above sea level, its elevated facilities level allows residents to enjoy the stunning cityscape of Penang. The Latitude is innovated to meet the needs of the market for mid-sized luxury condominiums that are affordably priced with living spaces ranging from 1,500 sq ft to 5,300 sq ft.

This prestigious area of natural environment and appealing sea view is located within a short 5-minute drive down to the well developed zone of Fettes Park, Tanjung Tokong and Gurney Drive. Amenities such as eateries, wet markets, schools, medical facilities and shopping malls are all readily available for one’s daily needs.

Two blocks of 220 units of condominiums with only 3 units per floor and 2 lifts serving each block

Location : Mount Erskine, Penang
Property Type : Luxury Condominium
Tenure : Freehold
No. of Blocks : 2
No. of Storey : 43
Total Units : 220
Built-up Area : 1,500 sq.ft – 5,300 sq.ft
Units per Floor : 3
Indicative Price : RM600,000 onwards
Developer : Ivory Properties
Website : www.ivory.com.my

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