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Sunway Dora – A new lifestyle haven in Penang Island

Bayan Baru/ 30 March 2023 No comments

Sunway Dora is strategically located in the heart of Bayan Baru, offering easy accessibility and connectivity. The development is surrounded by various amenities, including the Olive Tree Hotel, SPICE Convention Centre, and eateries such as Giant Hypermarket, Pantai Hospital, and Sunshine Square. It is only a short 5-minute drive from Bayan Baru roundabout, making it a convenient location for both residents and business activities.

The development comprises 156 residential units and 22 ground-floor shop lots with flexible layouts that cater to multigenerational families. Sunway Dora provides ample parking spaces, with exclusive allotments for residents and shop owners on designated floors and additional parking spaces on levels 1 to 3 for visitors and customers.

With only 156 residential units, Sunway Dora offers residents more privacy, more open spaces, and fewer crowds and vehicles, making it an ideal living environment.

The project has achieved an 89% take-up rate for the non-bumi condominiums. The commercial shop units were launched earlier and have achieved a 100% take-up rate for the non-bumi units.

Follow this link to find out more about Sunway Dora.

Register your interest here

*By submitting this Form, you hereby agree to our PDPA Consent Clause.
(This information may be used by the developer or their appointed agent to initiate follow-up communications with you on the project.)

Penang in discussions with Putrajaya to fund its Bayan Lepas LRT project

Property News/ 30 March 2023 No comments

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The Penang state government has put a request for a proposal (RFP) exercise for its Bayan Lepas Light Rail Transit (BLLRT) project on hold pending discussions with Putrajaya on funding for the project.

State Infrastructure and Transport Committee chairman Zairil Khir Johari said the state has completed the pre-qualification registration exercise where companies were already shortlisted.

“We haven’t proceeded with the RFP as now the federal government has changed and we are currently in discussions with the federal government to get a new way forward for the project,” he said when contacted by Malay Mail.

He said the state is hoping to get funding from the federal government for the RM10 billion project.

He said all major urban rail projects are funded by the federal government so this project should also be federally funded.

The state held the pre-qualification registration exercise for the BLLRT project between July 25 and August 19 last year.

The state was supposed to call for an RFP early this year where only the companies that were shortlisted in the pre-qualification exercise can participate.

Zairil said if they were to call for an RFP and appoint a contractor now, the contractor will have a contractual expectation to implement the project and be paid for it.

“Plans change when circumstances change. So now with a friendly federal government, we hope to get some assistance,” he said.

The BLLRT is one of the major components of the state’s mega infrastructure project, Penang Transport Master Plan (PTMP).

The BLLRT had obtained conditional approval with 30 prerequisites from the Ministry of Transport back in 2019.

The state had applied for RM10 billion funding for its RM46 billion PTMP project in 2019 under the then Pakatan Harapan (PH) federal government.

The then PH government rejected the funding request but offered a government guarantee for a US$500 million (RM2 billion) loan application for Penang.

However, the government guarantee was cancelled in December 2020 after a change in the federal government.

The state had then looked at other models of financing for the PTMP and its components.

The state government applied for a final rail scheme approval for the BLLRT project on May 21, 2020.

According to a parliamentary reply by the Transport Ministry to an oral question by Bagan MP Lim Guan Eng, the final railway scheme approval could not be issued as it is pending approval of the Environmental Impact Assessment (EIA) for the Penang South Reclamation (PSR) project.

This is because a portion of the LRT line is on one of the reclaimed islands in the PSR.

The ministry said the final rail scheme approval will only be reconsidered after all approvals for the BLLRT such as the EIA for the PSR is approved.

“The construction of the BLLRT project can only start after the final rail scheme approval is obtained,” it said.

The PSR was first introduced back in 2015 as the funding module of the PTMP after SRS Consortium was appointed as the project delivery partner (PDP) for the project on August 14, 2015.

The PTMP is a comprehensive transport strategy for an integrated and modern transport framework that included public, private, land and sea transportation systems.

Two of the main components of the PTMP are the Pan Island Link 1 (PIL1) and the BLLRT.

PIL1 is a 19.5km highway that is estimated to cost RM7.5 billion while the BLLRT stretches 29.5km with 27 stations and is now estimated to cost about RM10 billion.

Source: MalayMail.com

E&O to take 15 years to develop the first phase of Andaman Island

Property News/ 29 March 2023 No comments
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Artist impression

Eastern & Oriental Bhd (E&O) has completed the reclamation of Andaman Phase 1 and plans to begin the development of the 253-acre land over the next 15 years with an estimated gross development value (GDV) of RM17 billion.

The first property, The Meg, has been on the market since January 2022 and has a 100 per cent sales rate as of January 2023.

The Meg comprises two residential apartment blocks with about 1,020 units situated in the prime Tanjung Tokong area near Gurney Drive.

According to E&O, the reclamation for Andaman Phase 2 will take another three years to finish and will provide a future land bank for development.

“The group believes that Andaman Island will play a significant role in driving its growth trajectory in Penang in the coming years,” E&O said.

Both Andaman Phase 1 and Phase 2 (also known as STP2) are part of Penang’s broader multi-billion-ringgit Seri Tanjung Pinang (STP) development.

STP is a seafront development masterplan on the northeast coast of Penang island. The 240-acre first phase, Seri Tanjung Pinang Phase 1 (STP1), is fully reclaimed and close to completion.

Tanjung Pinang Development Sdn Bhd (TPD), in which E&O-PDC Holdings Sdn Bhd owns 30 per cent, holds the concession rights for STP reclamation and development.

Permaijana Ribu (M) Sdn Bhd, an E&O wholly-owned indirect subsidiary, owns the remaining 70 per cent ownership stake in E&O-PDC.

E&O controls E&O-PDC and proposes to purchase the remaining 40 per cent equity interest in the company from Penang Development Corporation (PDC) for RM46.95 million through its indirect wholly-owned subsidiary, Kamunting Management Services Sdn Bhd.

“The acquisition of 40 per cent shareholding in E&O-PDC from PDC will enable E&O to own 100 per cent in TPD where the main development activities for the group will be concentrated on over the next 30 years,” E&O said in a stock exchange filing yesterday.

E&O said that the RM46.95 million purchase price was based on a willing-buyer, willing-seller premise and will be funded through a combination of internally generated funds, shareholder advances, and external borrowings.

The transaction is anticipated to close in December 2023.

Source: NST Online

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SITE PROGRESS: GEM Residences (Mar 2023)

Property News/ 28 March 2023 No comments

gem-residences-site-progress-mar2023

About GEM Residences

GEM Residences, a commercial development by Belleview Group at Prai, Penang. It is part of the company’s 6 hectares mixed development along Jalan Baru, diagonally opposite Megamall Penang. Next to it will be the upcoming largest mall in the northern region – GEM Mall, the tenant mix include SOGO (first and largest departmental store in the northen region at 212,000 sq.ft.) and a supermarket (largest at 50,000 sq.ft.).

Find out more about GEM Residences

Register your interest here

*By submitting this Form, you hereby agree to our PDPA Consent Clause.
(This information may be used by the developer or their appointed agent to initiate follow-up communications with you on the project.)

Sunway Dora at Bayan Baru achieves 89% take-up rate

Property News/ 27 March 2023 No comments

Sunway Dora's Priority Unit Launch Was Packed With Excited Buyers

Master Community Developer, Sunway Property has launched the residential component of its latest freehold development, Sunway Dora in high-growth Bayan Baru, Penang, achieving an 89% take-up rate in total for the non-bumi condominiums alongside of its 100% take-up rate for its non-bumi commercial shop units which have been launched earlier.

Sunway Dora, the developer’s Signature Product, is worth RM 128 million in gross development value and comprises 156 units of residential units and 22 units of commercial shops with generous parking spaces for residents and visitors.

“Homebuyers and investors see Sunway Dora’s strategic location and green living offering as a great investment that captures the best of Bayan Baru’s rise as Penang’s new economic hotspot with the proposed Bayan Lepas LRT track, Intel Corporation’s RM 30 billion expansion in the Bayan Lepas Industrial Park, as well as the rise of business services and outsourcing activities within the area as exemplified by the nearby Mayang Global Business Service Centre and Mahsuri Global Business Service Centre,” said Sunway Property Penang General Manager Fong Choon Fuoi.

He added that Bayan Baru is anticipated to accelerate its growth into a vibrant township as it is Penang’s industrial hotbed which will create jobs and bring in further FDIs.

Progressive Lifestyle Founded on the Sunway Design and Development Architecture

Designed according to the Sunway Design and Development Architecture (SDDA) which encourages the Sunway community to live healthier, more sustainable, and holistic lifestyles, Sunway Dora integrates elements of Sustainability, Innovation, Health, and Wellness, as well as Lifestyle and New Experiences.

The GreenRE certified development incorporates high-performance considerations in energy efficiency, water efficiency, carbon emission, environmental protection, and indoor environmental quality, protecting both the environment and residents’ well-being in its design and build while effectively achieving cost savings for occupants during operations. One of these considerations is the express ramps in the five-level parking zone that grants a shorter traveling distance to the residents’ allocated carpark easily.

Access ramps are provided in all units to ensure that the home is elderly and wheelchair friendly. All bedrooms are externally facing to allow natural lighting. There are also units with dual-key designs ready for homebuyers who are considering the homes for multi-generational living or a semi-investor unit where the private unit can be rented out for additional income.

Some green features in Sunway Dora include a recycling room, rainwater harvesting, a heat-insulated rooftop, energy-saving lifts, and balconies with water taps to encourage urban farming.

Residents are well-equipped with a variety of facilities to encourage the pursuit of health and social activities at the facilities level of the development which has ample amenities including a swimming pool, wading pool, gymnasium, half basketball court, children’s play area, outdoor fitness station, BBQ area, herb garden, community hall, reading room, outdoor reading enclave, and multipurpose lawn.

As for lifestyle and new experiences, Sunway Dora’s residents will be located in the very heart of urban conveniences, surrounded by the vibrant commercial hotspots in Bayan Baru. Residents at Sunway Dora will be able to easily access F&B outlets as well as living necessities within the retail shops in the development as well as the surrounding areas.

Healthcare institutions such as Pantai Hospital (600m) are within close vicinity while retail and entertainment hubs including the largest shopping mall in Penang, Queensbay Mall (4km), Giant Bayan Baru Hypermarket (800m), Sunshine Square (1km), Bukit Jambul Complex (3km) and the Bayan Baru Wet Market (800m) are just a short walk or ride away with a new Mitsui Outlet Mall planned near the Penang International Airport.

The world’s first hybrid solar-powered MICE and sports venue, SPICE Arena (800m), and the Bukit Jambul Golf and Country Club (3km) offer a multitude of recreational facilities while education institutions such as SKJC Min Sin (2km), SJKC Chong Cheng (2km), SJKC Kwang Hwa (3km), and INTI International College (3km) are close by.

As for connectivity, Sunway Dora is located 2km away from the Bayan Lepas Industrial Zone, 3km from the Tun Dr Lim Chong Eu Expressway, 5km from Penang International Airport, 6km from the Second Penang Bridge and 7km from the Penang Bridge.

For more information on Sunway Dora, please log on www.sunwaydora.com or call: +604-684 8000.