Ideal Property Group, a leading real estate developer, is delighted to announce a significant development in the expansion of Penang Technology Park @ Bertam, as it signs a Sale and Purchase Agreement (“SPA”) with Zestron Precision Cleaning Sdn. Bhd. This partnership marks a momentous step forward for both companies and the technological landscape in the North Seberang Perai district.

The SPA involves the sale of 10 acres of prime freehold industrial land within the strategically located Penang Technology Park @ Bertam. This high-value sustainable industrial park is equipped with cutting-edge infrastructure and services designed to facilitate innovation and excellence in various industries. The 880-acre site is set to become the first of its kind in the region, integrating quality infrastructure with green initiatives to create a sustainable industrial ecosystem.

Zestron Precision Cleaning, a global leader in high precision cleaning solutions for the Electronics and Semiconductor industries, is headquartered in Ingolstadt, Germany, and established its South Asia operations in Malaysia in 2009. With an impressive 15-year journey in Malaysia, Zestron has now set its sights on expansion through this agreement.

Dato’ Goh Teng Whoo, Chief Operating Officer of Ideal Property Group, and James Yeoh, Executive Director of Zestron South Asia, were the signatories of this pivotal agreement. Speaking about the expansion, Dato’ Goh expressed his warm welcome to Zestron, describing Penang Technology Park @ Bertam as a logistical convenience and well-managed sustainable industrial park. “We are ready to support their automation requirements by working closely to provide the required services and solutions,” he added.

Zestron Precision Cleaning’s expansion plan at Penang Technology Park @ Bertam signifies an estimated investment of approximately RM60 million. The new facility, expected to be approximately five times the size of their current location, is scheduled for completion by the year 2025. This expansion aligns with Zestron’s commitment to meeting and anticipating the evolving needs of the Electronics and Electrical (E&E) industry.

James Yeoh, Executive Director of Zestron South Asia, stated that this strategic expansion not only lays the foundation for the company’s ongoing growth but also responds to the escalating demand for IoT, EV, AI, and other megatrends, enabled by electronics, which will continue to drive the growth in the semiconductor and electronics cleaning industry. “The expected improvement in supply capacity will increase the capability to deliver enhanced levels of support and reliability to valued customers and partners.”

Penang Technology Park @ Bertam, conveniently situated 23 kilometers from the Penang Port in Butterworth and 42 kilometers from the Penang International Airport, offers excellent connectivity and accessibility, resulting in reduced transportation costs and accelerated delivery.

With approximately 40% of the first phase already taken up by local and foreign companies in various sectors, including electronics assembly, medical devices, trading, warehouse, and logistics, Penang Technology Park @ Bertam is on a clear trajectory to becoming a thriving epicenter of industry and innovation in the region.

Ideal Property Group and Zestron Precision Cleaning look forward to this collaboration, which will undoubtedly foster innovation, excellence, and growth in the region. This expansion is not only a testament to the progress of Penang Technology Park@Bertam but also a testament to the growing technological potential in the North Seberang Perai district.

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The Ministry of Local Government Development (KPKT) plans to implement a build-then-sell (BTS) housing delivery system rather than a sell-then-build (STB) delivery system next year, to reduce the number of “sick” or delayed housing projects.

KPKT Minister Nga Kor Ming said the ministry will work together with the Real Estate Housing Development Association (Rehda) to overcome the issue.

“I will discuss with Rehda about the new business model incentives so that developers build new houses and sell them.

“This is so that there will be no more abandoned projects in the future as you are only allowed to sell upon completion,” he told the media after launching the Malaysia Property Expo (Mapex) 2023 in Kuala Lumpur yesterday.

Nga said the ministry’s special task force revived 256 projects worth RM23.37 billion as at August this year.

“We managed to save a total of 28,863 buyers and we want to make sure there are no more abandoned projects,” he said, adding that 9,500 affordable housing units are on track to be completed under the 1Malaysia Housing Programme (PR1MA) this year.

Nga said that to date, 17 out of 24 sick housing projects under his scrutiny have been restored.

Source: Bernama

The expansion of Penang International Airport (PIA) is expected to take place in the third quarter of 2024.

State Tourism and Creative Economy Committee chairman Wong Hon Wai said the expansion would take about four years to complete.

“The next Visit Malaysia Year has been set for 2026 and it is crucial for Penang to have a spillover publicity,” he told Buletin Mutiara when contacted recently.

Wong was asked about the PIA expansion progress.

In tabling the Budget 2024, Prime Minister Datuk Seri Anwar Ibrahim stated that the Government has targeted 26.1 million foreign tourist arrivals in 2026.

Malaysian Association of Hotels (MAH Penang Chapter) chairman Tony Goh said the Visit Malaysia Year in 2026 is expected to project Penang as one of the popular tourist spots to visit.

“The PIA expansion is an important project for the state to cater to the needs of the tourism industry,” he said, adding that the influx of foreign tourists into Penang has risen over the years.

Source: Buletin Mutiara

Cyclists are happy that a temporary lane leading to Karpal Singh Drive has been opened along Tun Dr Lim Chong Eu Expressway in Penang.

IJM Land northern region general manager Goh Su Yin said the 1km-long lane was to replace the bicycle lane which had to be removed to widen the expressway.

“This lane connects Karpal Singh Drive to Persiaran Bayan Indah in Bayan Lepas, and ensures better distancing between cyclists and motorists.

“An improved dedicated bicycle lane and jogging track measuring 1.65km will be made available along The Light Waterfront Penang’s promenade upon the completion of The Light City development in mid-2025.

“We apologise for the delay in the opening of the temporary lane.”

Chargeman BB Gan was pleasantly surprised to find that a temporary lane had been opened, enabling him to cycle to Karpal Singh Drive upon reaching the junction leading to The Light City building site.

“I was getting bored of my usual route along Persiaran Bayan Indah in the past few months.

“At least now, I get to enjoy different views on this new route.

“I will gather some of my cycling buddies to try the temporary lane soon. We may even cycle to the Esplanade and beyond,” said Gan.

Cycling enthusiast R. Mathevan said he would get his two sons to cycle with him next week, adding that when the previous bicycle lane was still open, they would make their way to Karpal Singh Drive weekly.

The previous bicycle lane was launched in 2012 and closed late last year before being removed. It was a collaboration between Penang Municipal Council, now known as Penang Island City Council (MBPP), and five developers.

It was part of the state government’s Bicycle Lane Master Plan to create 120km of bicycle lanes encircling the island and 80km more on the mainland.

In a StarMetro report on Jan 25, cyclists and joggers expressed unhappiness at the closure of the track which runs through the Linear Park.

The track and park have been maintained by IJM Land at a cost of RM13,000 per month for the past nine years.

The park’s ownership is shared by the Malaysian Highway Authority (LLM) and Penang Drainage and Irrigation Department (DID).

The front portion of the park sits on LLM’s right of way while the other half, which is a reserve for storm water discharge, is under the state DID’s purview.

The Light City is a mixed development with total GDV of RM4.5bil.

It includes a retail mall, the Penang Waterfront Convention Centre, office towers, hotel and two residential projects.

Source: TheStar.com.my