About Aston Acacia

A high-rise development by Tinggian Development Sdn. Bhd. (a subsidiary of Hua Yang Berhad) within the established township of Bukit Mertajam, Penang. Strategically located along Persiaran Aston Indah, adjacent to Jit Sin Independent High School. It is only a mere minutes drive to The Summit Bukit Mertajam. It features 2 blocks of 33-storey serviced apartment, offering a total of 622 serviced suites and 38 units of shop offices.

Find out more about Aston Acacia

Ceria D’ Eco Horizon, a commercial development by Eco Horizon Sdn. Bhd. in Batu Kawan. Located along Bandar Cassia Expressway, this will be a new commercial addition to Eco Horizon master-planned development in Batu Kawan. It is diagonally opposite the IKEA store, just a mere minutes drive from the home of many MNCs and Penang 2nd Bridge.

This development comprises a 31-storey serviced residence featuring a total of 1,302 residential units with 8 levels of car parking podium. Some of the common facilities include a gym, swimming pool and multipurpose hall.

Project Name : Ceria D’ Eco Horizon
Location : Bandar Cassia, Batu Kawan
Property Type : Commercial
Tenure: Freehold
Built-up Size: 1,000sq.ft. onwards
Total Units: 1,302 (serviced residence)
Indicative Price : RM460,000 onwards
Developer : Eco Horizon Sdn. Bhd.

SITE PROGRESS

SITE PROGRESS: Ceria D’ Eco Horizon (Dec 2024)

SITE PROGRESS: Ceria D’ Eco Horizon (July 2024)

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.

Beginning June 15, Tenaga Nasional Berhad (TNB) will commence the installation of smart meters in Penang as part of its initiative to improve customer convenience. This move follows the successful installation of three million smart meters in Melaka and Selangor (Klang Valley) as of June 9.

Zairil Khir Johari, the State Transport and Infrastructure Committee chairman, highlighted that the smart meters would be installed for TNB customers under residential and commercial tariffs. This effort is part of an energy sustainability agenda implemented in Peninsular Malaysia.

The installation of smart meters is completely free of charge for TNB customers. With the installation of these meters, customers will be able to monitor their energy usage conveniently through the myTNB app and portal. This feature enables users to detect any sudden increases in energy consumption, allowing them to identify potential device malfunctions or power wastage.

Zairil emphasized that the Ministry of Natural Resources, Environment, and Climate Change (NRECC), in collaboration with the Energy Commission, is closely monitoring the project.

The installation and replacement of the smart meters will be carried out by TNB technicians and authorized vendors. Prior to the installation, each unit will receive a smart meter installation notice and an electricity interruption form (Form B). During the installation process, residents can expect a temporary power outage lasting between 30 minutes to an hour. Stratified units will receive prior notification through their management.

The smart meter installation will commence in Pulau Tikus and gradually expand to other areas in phases. The project is expected to be completed throughout Penang by mid-next year.

EBARA Group, through its Malaysia-based subsidiary Ebara Precision Machinery Sdn Bhd, has officially opened its new manufacturing facility in the Batu Kawan Industrial Park (BKIP) today.

EBARA is a worldwide leading global manufacturer of vacuum and semiconductor systems used in the production of wafers, liquid crystals, solar cells and other products requiring advanced technology.

Ebara Precision Machinery Malaysia managing director Takashi Sugiyama said it is the company’s first advanced manufacturing facility in the country that is based in Penang.

“We choose to set up our plant in Batu Kawan due to its close proximity to our supply chain involving our customers and suppliers.

“With an investment value of RM30.4 million, the company will be offering value-added products and quality services to meet the growing market demand for various precision needs, mainly in the semiconductor, LED and electronic industries.

“The new plant will also facilitate sales and marketing, assembly, servicing, and support of Ebara’s dry vacuum pumps and other related equipment activities,” Takashi said in his speech before Chief Minister Chow Kon Yeow officiated the grand opening ceremony today.

Also present were InvestPenang chief executive officer Datuk Loo Lee Lian and Penang Mida (Malaysian Investment Development Authority) director Muhammad Ghaddaffi Sardar Mohamed.

Chow said the company’s presence in the state will undoubtedly bring numerous benefits to the community.

“This includes the creation of 100 new job opportunities, as well as the promotion of collaboration and knowledge sharing, all of which will undoubtedly contribute to the state’s economic growth and enhance our global competitiveness and technological advancements.

“Penang is indeed proud to be the chosen location for Ebara Precision Machinery, which also signifies the confidence that our partners from Japan have placed in Penang.

“Often lauded for its well-developed industrial ecosystem, Penang has the capacities and capabilities to support the needs of industrial players in next-generation technologies and growth strategies.

“Thus, I am optimistic that Ebara Precision Machinery will reap a myriad of benefits from its operation in Penang, the Silicon Valley of the East,” he said.

Chow added that in line with the industry growth, Penang is also placing a strong emphasis on sustainability.

He proudly acknowledged the numerous industry players in the region who have made genuine commitments to environmental stewardship, social inclusivity and ethical governance.

The state recognises the importance of embracing sustainable practices and developing solutions that prioritise the well-being of our planet as they are key elements for our sustainable future.

Therefore, the establishment of Ebara Precision Machinery is seen as a crucial catalyst in driving sustainable innovation, advancing green technologies, and promoting environmentally conscious business practices here in Penang.

At the end of his speech, Chow also expressed his appreciation to InvestPenang and Mida for their synergistic efforts in engaging investors and facilitating project implementations.

He said the state government, via InvestPenang and other relevant state machinery, is committed to providing unwavering support to the investors.

Source: Buletin Mutiara

According to a news report from TheStar newspaper, Industrial property transactions and prices in Penang are predicted to experience a significant rise of approximately 10% in 2024 due to the growing demand for industrial properties. One Asia Property Consultants (Pg) Sdn Bhd executive director Chandra Mohan Krishnan has stated that the current pricing, ranging from RM65 per sq ft to RM90 per sq ft, is likely to be adjusted upwards to meet the increasing demand.

Referring to a report by the National Property Information Centre (Napic), the number of industrial property transactions in Penang has already seen an increase, with 522 transactions in 2022 compared to 464 in the previous year. Furthermore, the value of transacted industrial properties also rose from RM1.61 billion in 2021 to RM1.62 billion in 2022. Chandra Mohan Krishnan expects the number of industrial property transactions to surge by 10% in 2024.

The report also highlights the emerging site for new industrial investments, the Northern Seberang Prai (SPU). In 2022, SPU recorded 77 industrial property transactions valued at RM67.39 million, compared to 70 transactions in 2021 worth RM73.7 million. Chandra explains that the decrease in transaction value was due to the sale of large tracts of land, which typically leads to a decrease in pricing.

In the first quarter of 2023, Penang witnessed a rise in industrial property transactions, with 142 properties transacted compared to 110 in the corresponding period of the previous year. Central Seberang Prai (SPT) and South Seberang Prai (SPS) also experienced an increase in transactions, with 260 and 107 transactions in 2022, respectively, compared to 224 and 95 in 2021.

The sales of industrial properties in Ideal Capital Bhd’s Penang Technology Park @ Bertam have been strong since its launch in March 2023. Approximately 30% of the first phase of PTP@Bertam has been sold, thanks to its accessibility to the North-South Highway Bertam Toll and Butterworth-Kulim Expressway, as well as its proximity to surrounding housing estates and educational institutions.

The industrial sub-sector in Malaysia as a whole has seen significant growth, with 8,082 transactions worth RM21.16 billion in 2022. Compared to 2021, this represents a 44.5% increase in volume and a 24.8% increase in value. The overhang situation in the industrial sector remained manageable, with a decrease in overhang volume and value compared to the previous year.

Penang, along with Sarawak and Johor, accounted for a notable share of the industrial overhang. However, Penang’s appeal as an alternative manufacturing site to China remains strong, especially in the electronics and electrical industry. The industry plays a significant role in Malaysia’s economy, accounting for 38% of total exports and attracting high levels of investments.

To support the growing demand for industrial land in Penang, the Penang Development Corp (PDC) is developing the infrastructure for 800 acres of land in East Batu Kawan, which is expected to be completed by 2028. This development aims to cater to the strong demand from multinational corporations (MNCs) from various countries seeking alternative investment destinations.