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Penang South Islands project gets EIA green light

psi-greenlight

The Environmental Impact Assessment (EIA) report of the Penang South Islands (PSI) project has received conditional approval from the Department of Environment (DoE) under the Ministry of Natural Resources, Environment and Climate Change.

Chief Minister Chow Kon Yeow said the approval includes 71 conditions to be complied with.

“The Penang State Secretary received a letter on April 11 informing the state government of the EIA approval.

“The 71 conditions include the implementation of the Social Impact Management Plan (SIMP) and the Ecology Offset Master Plan (PEOM).

“Following the EIA approval, the Penang government through its project delivery partner (PDP) for the PSI project is now in the process of applying for the Environmental Management Plan (EMP) approval from the DoE.

“The EMP report contains the plans to comply with the conditions of the EIA approval,” Chow told a media conference at his office in Komtar yesterday.

Chow said the approved EIA was for the entire PSI project, involving the reclamation of three islands – Islands A, B and C.

The tri-islands (Islands A, B and C) will be located at the south-end of the Penang island, measuring a total of 4,500 acres in land size. Island A will be 2,300 acres in size, Island B will be 1,400 acres and Island C will be 800 acres.

“Land reclamation works will only start after the PSI project receives the EMP approval from the DoE. It will begin with Island A.

“A portion of the 2,300-acre Island A has been designated as a Green Tech Park to fulfil the needs of the industry.

“Land reclamation works are scheduled to begin in the third quarter of this year,” he said.

Chow was quoted that Penang would become an even more well-rounded regional industrial hub with the realisation of the Green Tech Park on Island A.

He had said that the state was looking at niche upstream value chain activities, including product research, as well as design and development investments for the Green Tech Park.

“Such investments would emphasise creating top-notched working environments which would, in turn, attract talents,” he added.

Separately, after the media conference, Chow said the Penang government recognised that the climate change crisis is real.

“We must be ready for a new paradigm shift and look at how roads, towns or mitigation works are planned and implemented.

“The government and professional bodies must recognise the threat of climate change,” he said.

Chow spoke about the collective effort of addressing the long-term effect of climate change and its impact on public health via the Penang Nature-Based Climate Adaptation Programme (PNBCap).

PNBCap is a multilateral initiative to enhance urban resilience and reduce human and ecosystem vulnerability to climate change impacts and extreme weather events through the implementation of nature-based solutions.

Source: Buletin Mutiara

UPCOMING: Batu Kawan / Metrio Jaya Development Sdn. Bhd.

Batu Kawan/ 26 April 2023 1 comment

proposed-development-by-metrio-group

Proposed mixed development by Metrio Jaya Development Sdn. Bhd. (Metrio Group) near Batu Kawan. This is part of Metrio Group’s 35.3-acre mixed development projects along Jalan Batu Kawan, the proposed serviced residence is situated next to Vortex Business Park. It is conveniently situated just a few minutes’ drive away from Bukit Tambun Toll Plaza, as well as less than a 10-minute drive to BKIP.

The first plot of land in this development is earmarked for the construction of a 28-storey serviced apartment, which will consist of 398 residential units and an 8-level car parking podium. The other two plots of land are currently planned for future development.

This project is still pending approval. More will be made available upon official launch.

Project Name: (to be confirmed)
Location: Batu Kawan
Property Type: Mixed development
Land Area: (to be confirmed)
Built-up Area: (to be confirmed)
Total Units: 398 (serviced residence)
Indicative Price: (to be confirmed)
Developer: Metrio Jaya Development 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.

Subsidised cement price to be offered to affordable housing developers

Property News/ 25 April 2023 No comments

cement-price

A reasonable cement price will be offered to housing developers who develop affordable housing under the RM300,000 category, Prime Minister Datuk Seri Anwar Ibrahim said.

“This will benefit the B40 and the M40 groups as it will see a maximum reduction of RM5,000 in the house price depending on the type and the price of the house,” he told a press conference last week.

He said the government in collaboration with the Malaysian Cement and Concrete Association (C&CA) and private housing developers will offer the cement price at a reasonable rate for the benefit of affordable housing developers.

Taking into account the reduction in the cement price compared to the market price, Anwar said it involved a total of RM120 million in private incentive given by cement suppliers to home buyers through housing developers.

“This private incentive is adequate for the construction of up to 24,000 units of affordable houses,” he said, adding that the incentive was also part of the Unity Government’s aspiration to provide affordable housing for the people.

Source: Bernama

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Residensi Pauh Harmoni

Permatang Pauh/ 24 April 2023 7 comments

residensi-pauh-harmoni-main

Residensi Pauh Harmoni, an affordable housing project by Golden Village Properties Sdn. Bhd. at Seberang Jaya, Penang. Located next to Residensi Permatang Pauh, in front of Residensi Pauh Armani by the same company. It’s location offers convenient access to the Butterworth-Kulim Expressway interchange, just a minute’s drive away. Additionally, it is situated approximately 3km from Sunway Carnival Mall and a mere 5-minute drive from Butterworth town center

This development consists of an affordable 9-storey apartment and 6 units of 4-storey shop offices. The apartments will have a built-up size ranging from 800 sq.ft. to 900 sq.ft. and will be priced from RM150,000 up to RM300,000.

READ MORE ABOUT AFFORDABLE HOUSING:

Project Name : Residensi Pauh Harmoni
Location : Permatang Pauh
Property Type : Affordable housing
Built-up Size: 800 sq.ft. – 900 sq.ft. (affordable housing)
Total Units: 112 (affordable), 6 (shop office)
Land Tenure: Freehold
Indicative Price: RM150,000 – RM300,000 (affordable housing)
Developer : Golden Village Properties 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.

SITE PROGRESS: Sanctuary Terrace (Apr 2023)

Property News/ 23 April 2023 2 comments

sanctuary-terrace-site-progress-apr-2023-3

About Sactuary Terrace

A residential development by IJM Land at Alma in Bukit Mertajam. Located on 8.9 acres of land along Jalan Santuari 2, about a 20-minute drive to both Penang bridges. Nearby amenities include AEON Mall, Tesco Hypermarket, eateries, schools and banks. This development will offer 95 units of 2-storey terrace houses.

(Photos taken in Mar 2023)

Find out more about Sanctuary Terrace

Register your interest here and we will keep you updated.

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