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AFFORDABLE: Sungai Ara / Century Bliss Sdn. Bhd.

Sungai Ara/ 19 May 2023 No comments

proposed-development-by-century-bliss

Yet another proposed affordable housing development at Sungai Ara. Undertaken by Century Bliss Sdn. Bhd., this development will be located near Changkat Sungai Ara 11, just a stone’s throw away from Setia Pinnacle. It is about 15 minutes drive to Bayan Baru town centre.

The project consists of a 52-story building, including 3 lower ground levels, which will feature a total of 1,190 affordable units and 12 levels of car parking podium:

  • Tower A: 900sq.ft. (800 units)
  • Tower B: 750sq.ft. (240 units), 700sq.ft. (150 units)

The project is still in its planning stage and more details will be available upon official launch.

READ MORE ABOUT AFFORDABLE HOUSING:

Project Name : (to be confirmed)
Location : Sungai Ara
Property Type : Affordable housing
Tenure: (to be confirmed)
Land Area: (to be confirmed)
Built-up Size: 700sq.ft., 750sq.ft., 900sq.ft.
Total Units : 1,190
Indicative Price : RM72,500 onwards (affordable housing)
Developer : Century Bliss 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.

Penang island working towards becoming age-friendly city

Property News/ 18 May 2023 4 comments

komtar-with-bridge-background

Penang island’s former mayor Datuk Yew Tung Seang (pic) hopes the city council’s application to join the Global Network of Age-Friendly Cities and Communities will be successful.

Yew chaired his final city council meeting and began his retirement on May 3.

Penang Island City Council’s (MBPP) application to join the network, set up by World Health Organisation (WHO), was sent last month.

Yew told Buletin Mutiara he was proud that MBPP was chosen by Penang government to implement the age-friendly initiative introduced by WHO to promote the well-being of the elderly, increase their social and economic participation as well as create a more sustainable and liveable community.

“Data obtained from the Statistics Department shows that the population aged 60 and over will increase from 14.87% in 2020 to 26.2% by 2040.

“Penang is also a state with a large population aged 60 and over compared to other states in Malaysia.

“To prepare for the increase, MBPP and Penang Women’s Development Corporation (PWDC) recently signed a public-private partnership for three years with a consultant, the Malaysian Healthy Ageing Society (MHAS), to introduce the Age-Friendly City Project.

“This project will adopt WHO guidelines. The main goal is to make Penang an age-friendly city by providing facilities and services that meet the needs of residents of various ages and abilities,” said Yew at a press conference in Komtar.

Penang executive councillor Chong Eng called the press conference to announce MBPP’s application to become a WHO Age-Friendly City.

Chong Eng, who oversees PWDC as Penang social development committee chairman, thanked Yew for being a signatory to the application.

“The Penang government hopes that by carrying out this Age-Friendly City initiative, it can help the people of Penang of all ages to gain access to services and infrastructure that are more inclusive.

“This will directly improve the quality of life as you age.

“Penang remains committed to providing services and a friendly environment to the people, taking into account age, gender, ability and socio-economic background, so that no one is left behind, in line with the UN Sustainable Development Goals,” she said.

She added that according to WHO, the current rate of ageing population in South-East Asia was increasing, with the growth rate of the population aged 60 and over going up from 9.8% in 2017 to 13.7% and 20.3% in 2030 and 2050 respectively.

Chong Eng said Penang would experience the same thing when 15% of its 1.77 million residents were over 60 years old.

“Therefore, the state government takes this issue seriously and is preparing to face the challenges of an ‘old state’ by 2040,” she said.

She noted that MBPP was on the right track to achieving four of the eight domains under WHO’s global age-friendly cities framework, namely Public Spaces and Buildings, Transportation Systems, Mutual Respect and Social Inclusion, Civic Engagement and Employment Opportunities.

Among the areas MBPP would focus on next is Housing Systems, she said.

Source: TheStar.com.my

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SITE PROGRESS: Terraces Condominium (May 2023)

Property News/ 18 May 2023 2 comments

terraces-condominium-site-progress-may2023-1

About Terraces Condominium

A highrise residential development by IJM Land at Bukit Jambul, Penang. Strategically located on 9.32 acres of land next to INTI International College. It comprises a 34-storey condominium tower, featuring 410 residential units with two different design types to choose from.

(Photo taken in Apr 2023)

Find out more about Terraces Condominium

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The Pier

the-pier

The Pier, yet another mixed development by Asia Green Group within the vicinity of Bayan Mutiara. It is strategically located along Tun Dr. Lim Chong Eu Expressway, a short drive from Penang Bridge’s Bayan Lepas bound exit on the Island. Adjacent to The Zen development, this project was formerly known as Zen 9.

This development will feature a 37-storey serviced residence, comprising two residential towers. Tower A offers 496 units, while Tower B provides 438 units, resulting in a total of 934 residential units. The facilities are on level 8 with 7 levels of car parking podium below. Additionally, there will be 64 shop offices situated at ground level.

Property Name: The Pier
Location : Bayan Mutiara, Penang
Property Type : Mixed development
Total Units : 934 (serviced residence), 64 (shop lot)
Built-up Size: 775 sq.ft. – 1,227 sq.ft.
Land Tenure : Freehold
Indicative Price : (to be confirmed)
Developer : Asia Green Construction Sdn. Bhd. (Asia Green 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.

Bringing sustainable energy solutions to Penang Technology Park@Bertam

mou1

In a significant initiative for Environmental, Social, and Governance (ESG), BECIS Malaysia and Ideal Property Group are joining forces to drive sustainability initiatives in the newly launched Penang Technology Park@Bertam. Situated in the North Seberang Perai district of Penang, this state-of-the-art industrial park spanning 356 hectares is set to become a global hub for high-tech industries.

With a remarkable gross development value of RM4.2 billion, Penang Technology Park@Bertam will solidify Penang’s status as the Silicon Valley of the East, attracting industries specializing in electronics, electrical, semiconductor, aerospace, medical manufacturing, and more.

penang-technology-park@bertam-masterplan

“Guided by a shared vision for sustainable industrial development, we aim to establish a transformative benchmark through the partnership, driving positive change and pave the way towards a greener future in the industrial sector,” said Arnaud Dauvillier, Managing Director of BECIS China, Thailand & Malaysia.

Tan Sri Datuk Ooi Kee Liang, the Executive Chairman of Ideal Property Group shared their vision, stating, “Our goal is to integrate sustainable energy solutions seamlessly into Penang Technology Park@Bertam, demonstrating the power of responsible development and environmental stewardship. Together with BECIS Malaysia, we envision a future where sustainable practices become the norm.”

The ESG partnership focuses on delivering sustainable energy solutions to the clients of Penang Technology Park@Bertam, prioritizing environmental well-being alongside operational efficiency. The range of services offered includes rooftop solar solutions, innovative utilization of potential detention ponds for potential large-scale solar installations, optimized cooling solutions through chiller deployment, and other value-added energy solutions. Importantly, these offerings come with the unique benefit of requiring no upfront capital investment. By adopting this approach, the partnership seeks to champion environmental sustainability within the industrial park, while also enabling immediate cost savings for clients. This collaborative effort effectively manages operational risks and contributes to the advancement of a circular economy by moving towards a solutions-based approach for the energy transition.

Ideal Property Group is a trusted market-leading name at the forefront of property development in Malaysia, consistently ranked among the top developers within the Northern Region of Malaysia. BECIS is an end-to-end Energy as a Service (EaaS) provider to high-quality commercial and industrial customers in the distributed utility sector with a multinational presence in eight countries across Asia. The partnership is tailored to deliver solutions that meet the decarbonization mandate to some of the world’s leading multinational corporations.

At the Memorandum of Understanding (MOU) signing ceremony, BECIS Malaysia was represented by Arnaud Dauvillier, Managing Director of China, Thailand & Malaysia and Yeo Keat Lim, Interim General Manager of Malaysia. While Dato’ Goh Teng Whoo and Ms Connie Ang, both Chief Operating Officers, represented Ideal Property Group.

The Penang Technology Park will promote environmental sustainability, create new jobs, and promote social and economic development in the region while reducing carbon emissions. This partnership sets a high standard for sustainable industrial development in Malaysia and beyond.