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Sinaran Residences – Show Unit Private Preview

November 9th, 2019 No comments

If you have missed the recent soft launch of Sinaran Residences @ Utropolis, here is an opportunity to attend the private preview of the new show unit with fun-filled activities.

Sinaran-Residences-Banner-08NOV2019-web

 

NEW SHOW UNIT PRIVATE PREVIEW

16 – 17 November 2019, 11am – 6pm
Paramount Property Sales Gallery @ Design Village

Please call 012-501 0733 for more details

 

Categories: Events, Property News Tags:

Underpass to alleviate traffic congestion in Mount Erskine

November 8th, 2019 No comments

jln-mount-erskine-underpass

An underpass would be the best option to alleviate traffic congestion in Mount Erskine, Penang, instead of a flyover.

Chief Minister Chow Kon Yeow said there was no other alternative but to build an underpass under the planned Pan Island Link 1 (PIL1) project.

Chow was responding to an oral question by Chris Lee (PH-Pulau Tikus), who asked what were the infrastructure projects coming up in Mount Erskine.

 He also asked if the people affected by the underpass would be fairly compensated and what was the traffic impact if the project was not implemented.

Chow replied that the affected residents would be compensated in accordance with the market value of their properties, with the valuation done by the Valuation and Property Services Department.

“Those who are not satisfied with the compensation given have the right to seek redress, ” he said at the state assembly sitting on Wednesday.

Chow also said according to the Traffic Impact Assessment Report (TIA), the number of vehicles along Pulau Tikus was expected to increase by 4.15% annually with daily traffic movement projected to increase by 8,500 in 2024.

“If this project is not implemented, if would have a direct impact on the economic development in the area due to continued gridlock at the junction of Jalan Gottlieb, Jalan Bagan Jermal, Jalan Burma and Mount Erskine, ” he added.

On the infrastructure projects, Chow said 10,000 residential units would be built at Jalan Mount Erskine, Jalan Fettes and Jalan Lembah Permai in 2024 when the underpass linking Jalan Mount Erskine and Jalan Burma is completed.

In September, several residents in the area had called for the RM30mil underpass to be scrapped claiming it would encroach into their land.

They also claimed that they were kept in the dark and were shocked when they received a letter for land acquisition from the Land Office in May.

The acquisition, they alleged would adversely affect their homes and the state government should have engaged them before gazetting the project in 2017.

The controversial 19.5km PIL1 is part of the Penang Transport Master Plan which is a RM9.6bil highway connecting Gurney Drive and Tun Dr Lim Chong Eu Expressway near the Bayan Lepas Free Trade Zone Phase lV.

Work on the project is set to commence in June next year.

Source: TheStar.com.my

 

Categories: Property News Tags:

UPCOMING: RM10m resort and spa at Batu Ferringhi

November 8th, 2019 2 comments

spa-resort-sideview

In line with the Penang State Government’s vision, and the intention to further develop Penang as a major destination for tourism, the Chief Minister of Penang Incorporated (CMI) is inviting proposals for the development of a 4.2 acres landmark site along the northern coast of Penang into a Coastal Resort and Spa Development.

The project site is expected to be developed into luxury resort accommodation as a new benchmark for high-end tourism products for Penang. The feature highlights include:

Full-service Spa Resort with not more than 100 guestrooms

  • Reception and other guest facilities;
  • Swimming Pool;
  • Restaurants and other F&B outlets;
  • Function Room;
  • Ample parking area

The Request for Proposal (RFP) is now open for submission.  Bidders can submit their proposals to The Secretariat, Chief Minister of Penang Incorporated (CMI), Level 47, Komtar, 10503 Penang, Malaysia before noon on 31 Dec 2019.

 

Location Map:

 

Categories: Batu Ferringhi Tags: ,

Masterplan design competition for Penang South Islands

November 7th, 2019 No comments
Picture for illustration only

Picture for illustration only

The Penang government is inviting world leading architects and town planners to take part in the Penang South Islands International Masterplan Design Competition (MDC).

Chief Minister Chow Kon Yeow said the Penang South Reclamation (PSR) project would be ‘temporarily’ named as the Penang South Islands (PSI) until the competition ends.

The competition is a collaboration between the state and the Malaysian Institute of Architects (PAM) Northern Chapter under the Board of Architects Malaysia (LAM).

“The RoI process is now open and the deadline is at 5pm on Nov 25.

“Participants are welcomed to form consortiums comprise of multidisciplinary experts; such as in smart city, economics, engineering, technology and innovation, mobility and transportation, landscape, sustainability and environmental design,” he told a press conference during the lunch break of State Legislature Assembly in Dewan Sri Pinang today.

Chow said that the state government had allocated RM5 million for the competition, which includes publicity.

According to the competition website, the qualification process would be conducted in two phases – the RoI and the Expression of Interest (EoI).

Successful RoI participants would be invited to take part in the EoI process. Participants shall bear any cost incurred for the RoI and EoI submission as there are no design works required at the qualifying stage.

Five finalists will be shortlisted after the qualification process.

Chow said that the state was giving out an honorarium of US$125,000 (RM510,000 at this current exchange) to each of the finalists to participate in the MDC.

The commencement of the design stage is scheduled to be on Jan 8 next year (2020). The deadline for the design stage submission is 5pm on April 8 next year (2020).

Chow said that the proposal deemed most suitable by the Master Jury panel would be appointed by the state as the lead master plan designer, subject to terms and conditions.

He said design proposals would have to adhere with the conditions imposed by the National Physical Planning Council (NPPC).

“This includes sustainability, transportation, affordable housing and greenery.

“This PSI project will transform Penang to be a main investment hub with an international tourism standard,” he said.

Also present were SRS Consortium project director Szeto Wai Loong and state Financial Officer Datuk Sarul Bahiyah Abu.

PROJECT SITE

project_site_nov

For more details, visit https://pg-mdc.com/

Source: Buletin Mutiara

 

Categories: Property News Tags:

SITE PROGRESS: The Amarene (Nov 2019)

November 7th, 2019 No comments

the-amarene-site-progress-nov2019

 

About The Amarene

Part of Ideal Vision Park development by Ideal Homes in Bayan Lepas, Penang. This development is strategically located along Jalan Tun Dr. Awang, adjacent to Tree Sparina condominium. It is just a mere minutes drive to Straits International School and Penang International Airport. Featuring a 35-storey condominium that offers 410 residential units with built-up size ranges from 1,100 sq.ft to 1,200 sq.ft.

Find out more about The Amarene