My EG Services Bhd’s sub-subsidiary MY EG Lodging Sdn Bhd has secured a tender from Penang Development Corp for the setting up of a workers village and related facilities at Batu Kawan Industrial Park 3 in Seberang Perai Selatan, Penang.

In a filing with Bursa Malaysia, the group said the project is for MY EG Lodging to lease a land measuring 8.39 acres at a value of RM20.39mil for 30 years to build and operate the workers village and related facilities at its own cost.

The workers village, which is estimated to accommodate 7,500 foreign workers, will comply with Jabatan Tenaga Kerja Semenanjung Malaysia guidelines and will be certified with GreenRE.

The group said the project is expected to contribute positively to the group’s earnings per shares and net assets per share upon commencement of operations.

Source: TheStar.com.my

Proposed luxury development by Unicorn Solute Sdn. Bhd. in heart of George Town. It will be built on approximately 3.4 acres of land, located at the intersection of Lebuhraya Pykett and Jalan Westlands, directly across from the Penang Campus of Methodist College Kuala Lumpur (MCKL). The development is conveniently located within a 5-minute walking distance to Penang Plaza and less than a 5-minute drive from KOMTAR.

Back in 2009, the land parcel was under the ownership of Mah Sing Group and had been designated for the development of a high-end condominium. However, they sold the land last year. Now, Unicorn Solute Sdn. Bhd. has put forward a new proposal for the site, which involves constructing a 44-storey condominium with an 8-level car parking podium. The project will comprise of two towers, with a total of 596 condominium units, and facilities will be located on levels 9 and 10.

The project is still pending approval. More details to be available upon official launch.

Project Name : (to be confirmed)
Location : George Town
Property Type : Condominium
Tenure : Freehold
Land Area: 3.38 acres
Built-up Area: (to be confirmed)
Total Units : 596
Indicative Price: (to be confirmed)
Developer : Unicorn Solute Sdn. Bhd.

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.

Source: Kwong Wah e-news

According to a report in a Chinese daily, the Queens Residences in Bayan Lepas has been experiencing disturbances caused by illegal street racing and modifications made to vehicles’ exhaust systems.

Almost every weekend at midnight, the sound of revving engines can be heard throughout the quiet night, disturbing residents’ sleep. A resident pointed out that this behavior not only causes inconvenience but also poses a safety threat to drivers and other road users. The resident hopes that the authorities will take action against these unhealthy activities.

The resident captured a video of the noise-making vehicles and reported the issue to the police and the Member of Parliament for Bayan Baru, YB Sim Tze Tzin. In response, YB Sim’s special assistant, Chan Soon Aun, stated that the police have taken action against the noise-makers and illegal street racers in response to the complaints. The police have identified several midnight gathering spots and will continue to crack down on these activities. Chan also urged the public, especially parents, to supervise their children and stay away from any illegal or rogue road activities.

According to the Facebook page of the Southwest District Police in Penang, the police conducted a crackdown operation on Saturday and Sunday mornings at locations where illegal street racers often gather, including the Queens Residences on Bayan Indah Road, Tun Dr. Lim Chong Eu Expressway, and Jalan Sultan Azlan Shah.

During the operation, the police issued 131 summonses to violators and confiscated 18 motorcycles in accordance with Section 64(1) of the Road Transport Act 1987. If anyone has any information on such criminal activities, they are encouraged to call the Southwest District Police Operations Room at 04-866 4122 or Whatsapp to 019-2238169.

Heng Huat Resources Group Bhd has announced that its subsidiary, HH Land and Development Sdn Bhd, has purchased six land parcels worth RM6.32 million in cash. According to a disclosure made to Bursa Malaysia, the acquisitions will be financed through internally generated funds. Heng Huat’s decision to acquire these assets is part of the company’s effort to diversify into property development.

The acquisitions consisted of five land plots situated in Penang, with a total area of 8,994 sqm, which were bought from Ch’ng Chen Mong. The remaining 2.41ha land parcel in Perak was acquired from MG Furniture Sdn Bhd, a Heng Huat subsidiary in which the group owns a 51% stake. Ch’ng and his family own CFamillie Holdings Sdn Bhd, which has a 49% equity stake in MG Furniture and a 20.17% interest in Heng Huat.

Heng Huat’s move to purchase these land parcels is seen as a significant step towards the company’s goal of venturing into the property development sector. The acquisition is expected to expand the firm’s presence in the industry and lead to the growth of its business. The future looks bright for Heng Huat, and this development may be a precursor to greater things.

Artist’s impression

Yet another proposed affordable housing development by LPNPP in Butterworth. Located along Jalan Permatang Pauh, within the vicinity of Ampang Jajar. It is just a stone’s throw away from the newly completed Butterworth Arena, only a few minutes’ walking distance to Ampang Jajar Cycling Park.

This development entails the building of several blocks of low to medium-cost apartments and affordable housing with multi-storey car park. The project aims to provide 2,600 units of affordable homes, which will be sold within the price range of RM72,500 to RM225,000. Alongside the housing units, there will be a hawker centre and 2-storey shop offices.

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

READ MORE ABOUT AFFORDABLE HOUSING:

• Full list of affordable housing in Penang
• Eligibility and the requirement of buying affordable housing

Project Name : (to be confirmed)
Location : Butterworth
Property Type : Affordable housing
Tenure: (to be confirmed)
Land Area: (to be confirmed)
Built-up Size: (to be confirmed)
Total Units : 2,600
Indicative Price : RM72,500 – RM225,000
Developer : LPNPP (Penang Housing Board)

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.