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The Se7en @ Juru

January 13th, 2021 No comments

the-se7en-juru

The Se7en @ Juru, a commercial development by Prospek Setia Sdn. Bhd. at Bukit Tengah. It is a small development strategically located along the busy road of Jalan Kebun Nenas, next to Juru Sentral development near Icon City. Just a stone’s throw away from Juru Auto-City.

This development will see the construction of a commercial building, featuring 13 unit 3-storey shop offices fronting the main road.

More details to be available upon official launch.

Project Name : The Se7en @ Juru
Location : Juru / Bukit Tengah
Property Type : Commercial
Tenure: Freehold
Built-up Size: (to be confirmed)
Total Units : 13
Indicative Price : (to be confirmed)
Developer : Prospek Setia Sdn. Bhd. (Blitz Tower Group)

Register your interest here. We will keep you updated.

(This information will be used to keep you updated on the project and future development.)
*By submitting this Form, you hereby agree to our PDPA Consent Clause.

Location Map:

 

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.

EcoWorld calls off merger with UEM Sunrise

January 13th, 2021 No comments

eco-world-uem

Private developer Eco World Development Group Bhd has called off a proposed merger with government-linked property developer UEM Sunrise Bhd.

The merger, if realised, would have resulted in one of Malaysia’s largest real estate companies by market value.

In a statement, EcoWorld chairman Liew Kee Sin said the decision was made after evaluating the proposal with its business plans, while considering the current business environment and lockdown reimplementation.

With the proposed merger cancelled, he said, EcoWorld will be actively pursuing other corporate proposals that would better complement its current growth plans and strategies.

“It will also enable us to focus on the group’s own business plans for the 2021 financial year, which includes a sales target of RM2.875 billion for EcoWorld, that is 25% higher than the actual RM2.3 billion sales recorded in 2020.

“On behalf of the board, I would like to thank UEM Group Bhd for its invitation to consider the proposed merger with UEM Sunrise. We certainly remain open to the possibility of future collaborations with UEM Sunrise, should another opportunity arise.”

UEM Sunrise, the property arm of sovereign wealth fund Khazanah Nasional Bhd, is the company behind the Mont Kiara and Dutamas developments in Kuala Lumpur which are among its various projects in the Greater Kuala Lumpur area, Iskandar Puteri, Johor; Singapore and Australia.

EcoWorld is the developer of the Bukit Bintang City Centre project in Kuala Lumpur, among its developments in the Klang Valley, and projects in Iskandar Malaysia, Penang, Singapore and the UK.

In October 2020, UEM Sunrise received a letter of proposal from UEM Group Bhd for a merger with EcoWorld through an exchange of shares and warrants. EcoWorld was to have been subsequently delisted from Bursa Malaysia.

Under the proposal, Khazanah would have remained the biggest shareholder after completion of the merger, followed by the significant shareholders of EcoWorld collectively.

The merger proposal was met by protests, with former deputy housing minister Raja Kamarul Bahrin and Amanah strategy director Dzulkefly Ahmad questioning why a subsidiary of Khazanah Nasional needed to “bail out” EcoWorld.

Federal Territories Umno Youth had also urged the Perikatan Nasional government to stop the proposed merger, questioning how it would benefit Khazanah and the finance ministry.

Source: FreeMalaysiaToday.com

 

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Penang Medical and Digital Technology Hub @ Batu Kawan

January 11th, 2021 2 comments 中文版
penang medical and tech hub

Artist’s impression of the Penang Medical and Digital Technology Hub in Batu Kawan

Penang Development Corporation (PDC) is looking to further accelerate the maturing township of Bandar Cassia in Batu Kawan into a medical and digital technology hub after exchanging a Memorandum of Understanding (MoU) with iHeal Health Sdn Bhd.

The MoU exchange ceremony marked the collaboration between the Penang government and iHeal.

iheal-pdc-mouChief Minister Chow Kon Yeow, who witnessed the ceremony, said a final proposal for the building concept of the hub is mandatory before further proceedings.

“Now that both parties have reached a consensus in terms of the building concept in the early stages, iHeal will now be required to carry out a thorough study on the overall concept which must be sent back to PDC for final approval.

“The submission for final approval must be done in a year’s time.

“Known as Penang Medical and Digital Technology Hub, the initiative will be an extra boost for the already maturing township of Bandar Cassia.

“The plan of setting up a hub of this nature will also further help promote Penang as an Asean hub for medical and digital technology, which would consist of medical facilities that are of international standards, while offering excellent healthcare services,” Chow said during the MoU exchange ceremony in Komtar today.

PDC chief executive officer Datuk Mohd Bazid Abd Kahar and iHeal executive chairman Dr David Khoo exchanged the MoU in the presence of Chow.

According to Chow, when the project is given the green light, it would occupy some 295 acres of land out of a total 6,000 acres of PDC’s third township development in Batu Kawan (Bandar Cassia).

iheal-location

“The Penang government would like to commend iHeal for its idea of also turning this hub into a one-stop centre (OSC), and have it equipped with environmental-friendly facilities,” Chow added.

Khoo thanked the Penang government and PDC for the opportunity of exchanging the MoU and has vowed to work closely with all related parties to turn the plan into a reality.

“This is a huge opportunity, and we at iHeal will work very hard to make sure this initiative becomes a reality,” he said during the press conference.

Specialised in the medical line, iHeal, also known as iHeal Medical Centre, is a one-stop boutique medical centre located at Mid Valley in Kuala Lumpur.

The centre is focused on the diagnosis and treatment of heart and heart-related diseases, offering a range of treatment options which include angioplasty, bypass surgery and bariatric surgery.

Source: Buletin Mutiara

 

Categories: Batu Kawan Tags:

MCO reinstated in Penang and 5 other states from Jan 13-26

January 11th, 2021 No comments

mco2

Penang Chief Minister Chow Kon Yeow today called for cooperation from all Penangites to ensure the successful implementation of the two week-long Movement Control Order (MCO) beginning Wednesday.

“We have to accept the decision made (to implement the MCO).

“This is a necessary move due to the escalating Covid-19 cases, which has pressured our healthcare system,” he said in an immediate response to Prime Minister Tan Sri Muhyiddin Yassin’s announcement.

Chow said as such, all economic sectors have to make the necessary adjustments to reduce the negative impact towards the state’s socio-economic development.

“If we cannot win the war against the Covid-19 pandemic, then our economic wellbeing will never be guaranteed,” he added.

Chow added that the state’s special security committee would convene tomorrow to review the Standard Operating Procedures (SOP) for the MCO during the two-week period.

“Until then, we call for calm from everyone and for all to continue to comply with the SOP put in place to break the chain of infection,” he added.

Muhyiddin had announced a new MCO for Penang, Selangor, Melaka, Johor, Sabah, Kuala Lumpur, Putraya and Labuan beginning midnight Wednesday.

The MCO would take effect for two weeks until Jan 26.

Source: NST Online

 

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AFFORDABLE: Air Itam / Focal Products Sdn. Bhd.

January 11th, 2021 3 comments

proposed-focal-product-sdn-bhd

A newly proposed affordable housing development by Focal Products Sdn. Bhd. at Air Itam, Penang. Located at the intersection of Jalan Teochew Satu and Jalan Thean Teik, next to Hui Aun Apartment. It is only 1km away from Sunshine Farlim.

The proposed development consists of two 39-storey residential blocks, offering a total of 646 affordable units with 11 levels of car parking podium:

  • Block A: Affordable (242 units), low-medium cost (81 units)
  • Block B: Affordable (251 units), low-medium cost (72 units)

This project is still pending for approval. Details to be available upon official launch.

READ MORE ABOUT AFFORDABLE HOUSING:

Property Project : (to be confirmed)
Location : Air Itam, Penang
Property Type : Affordable housing
Total Units: 646
Built-up Area: 850 sq.ft. (affordable), 750 sq.ft. (low-medium cost)
Indicative Price: RM300,000 (affordable), RM72,500 (low-medium cost)
Developer :Focal Products Sdn. Bhd.

Register your interest here

(This information will be used to keep you updated on the project and future development.)
*By submitting this Form, you hereby agree to our PDPA Consent Clause.

Location Map:

 

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.