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SITE PROGRESS: Sinaran Residences (Jan 2023)

Property News/ 10 January 2023 No comments

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About Sinaran Residences @ Utropolis

The residential component in the third phase of Utropolis development by Paramount Property at Batu Kawan, Penang. It is strategically located along Bandar Cassia Expressway, with walking access to Design Village outlet mall and UOW MALAYSIA KDU Penang University College. Driving to Penang International Airport will only take approximately 30 minutes via Second Penang Bridge.

This development featuring two blocks of 35 & 36-storey serviced apartments, offering a total of 964 residential units with unit size ranging between 667 sq.ft. – 1,044 sq.ft.

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(Photo taken Dec 2022)

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UPCOMING: Bayan Lepas / Ideal Homes Properties Sdn. Bhd.

Bayan Lepas/ 9 January 2023 No comments

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Yet another proposed commercial development by Ideal Homes Properties Sdn. Bhd. at Bayan Lepas. Strategically located on the land next to Straits International School, just a stone’s throw away from Penang International Airport. It is surrounded by mature residential and commercial development that provides a ready catchment market. Nearby communities within 1km radius include Summerskye Residences, Tree Sparina, The Amarene, One Residence, Solaria Residences, Fiera Vista, just a name a few.

This newly proposed development will see the construction of a 21-storey commercial building with two office towers, featuring 45 office units in each tower. There will be 10 levels of car parking podium and 17 units of shop offices located at the ground floor.

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

Project Name : (to be confirmed)
Location : Bayan Lepas
Property Type : Commercial
Tenure: (to be confirmed)
Built-up Size: (to be confirmed)
Total Units: 90 (office suite), 17 (shop office)
Indicative Price : (to be confirmed)
Developer : Ideal Homes Properties Sdn. Bhd.

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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.

AEM opens second manufacturing facility in Penang

Property News/ 9 January 2023 1 comment

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AEM, a global leader in test innovation, has officially expanded its operation in Penang with its new facility located in the Perai Industrial Zone.

The first plant of AEM is located in Bayan Lepas.

AEM chief executive officer Chandran Nair said the new plant comprises a 365,000sq ft area for assembly, quality assurance (QA), a warehouse, a research and development (R&D) lab and many others to develop advanced testing and handling equipment.

“This expansion comes on the heels of AEM’s highest recorded nine-month revenue level in history for 9M2022 (first nine months of 2022) at SGD$747 million.

“The new plant will also allow AEM to tap into the region’s growth opportunities and talents and bring its operations closer to existing and new customers.

“It will also allow us to scale up testing and handling capabilities to meet the growing demand for new semiconductor devices.

“And together with our centre of excellence in Singapore, I believe we will solidify our position as a hub in the region,” Chandran said in his speech before Chief Minister Chow Kon Yeow officiated the grand opening ceremony of the new manufacturing facility today.

Also present were state Entrepreneurial Development, Trade and Industry Committee chairman Datuk Abdul Halim Hussain, Chief Minister’s special investment adviser Datuk Seri Lee Kah Choon, InvestPenang chief executive officer Datuk Loo Lee Lian, and Malaysian Investment Development Authority (Mida) (investment development) deputy chief executive officer Lim Bee Vian.

Chow said Penang is pleased to be the preferred location for AEM’s new manufacturing facility.

“With AEM’s expansion project, the talent in Penang is being offered not only job opportunities, but also the chance to learn from a global leader in semiconductor and electronics test solutions.

“This is believed to further enhance the local capabilities and strengthen Penang’s position as a talent magnet in the northern region,” he said.

According to Chow, the state also remains committed to building a resilient and sustainable machinery and equipment supply chain.

“AEM’s new manufacturing plant in Penang marks a significant milestone in Malaysia’s roadmap to strengthen its competitiveness in the global electrical and electronics (E&E) value chain.

“The decision to expand AEM’s operations in Penang also lends credence to our conduciveness as a global semiconductor hub.

“My appreciation to Mida, InvestPenang and Penang Development Corporation (PDC) for their synergistic efforts in engaging investors and facilitating project implementations.

“The state government, via InvestPenang, is looking forward to working with AEM to accelerate the development of the region’s vibrant E&E ecosystem, while simultaneously furthering the state’s Penang2030 goal and solidifying our position as the ‘Silicon Valley of the East’,” Chow added.

Source: Buletin Mutiara

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Senze @ PICC

Bayan Baru/ 7 January 2023 3 comments

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Senze @ PICC also known as Phase 2B of Penang International Commercial City (PICC), is a serviced apartment development by Hunza Group. Within the vicinity of the PICC 43-acre integrated development, it is just mere minutes drive to Penang International Airport and 10 minutes walking distance to sPICE. The future central park and lifestyle mall will be right at the doorstep.

This project (formerly known as The Viz Lifestyle) comprises three towers of skyscrapers, featuring a total of over 1,600 units serviced residences with 10 levels of car parking podium. The units will have built-up sizes ranging from 650sq.ft. up to 1,606sq.ft. with dual key options.

Project Name: Senze @ PICC
Location: PICC, Bayan Baru, Penang
Property Type: Serviced residence
Built-up Area: 650 sq.ft. – 1,606 sq.ft.
Indicative Price: (to be confirmed)
Total Units: 1,678
Developer: Hunza Group

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Hunza Group kickstarts 2023 with a triple launch event to celebrate its 45th anniversary

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The multi-award-winning property developer, Hunza Group, yesterday launched its 45th Anniversary logo and theme to celebrate the Group’s four-and-a-half decades in the property industry since its founding in 1978. In conjunction with the celebratory occasion, a year-long lucky draw campaign was also announced alongside the launch of the Chinese New Year (CNY) line-ups by its retail asset, Gurney Paragon Mall.

The official celebration theme – “Fortifying the Future” is a reflection of the Group’s commitment towards building a stronger brand through the continuous delivery of superior products and services. With landmark projects such as Infinity Beachfront Super Condominium, the integrated mixed development of Gurney Paragon, the highly acclaimed Alila 2 and the upcoming grandiosity that is Penang International Commercial City (PICC), Hunza Group is poised to further cement its trailblazer position in the region.

“In this occasion of celebration, we are not just honouring the legacy of our past but we are also fortifying our Group and our brand for the coming future,” said Dato’ Khor Siang Gin, its Group Managing Director in his launching remarks. Dato’ Khor also shared that the maiden project under its PICC, MUZE @ PICC, will be approaching its completion phase in the next few months with an anticipated announcement for Phase 2 in the horizon. He further added that the Group recently signed on a joint development with Penang State Housing Board to build the first RMMPg (Rumah Mampu Milik Pulau Pinang) called The Millennia @ Bayan Lepas. Over at Sungai Petani, Kedah and Bandar Putra Bertam, Seberang Perai, the Group will respectively be launching new phases in their existing townships in 2023. On top of that, another mixed use development in the effervescent centre of Juru by the name of The H City is also under active planning stage.

For Gurney Paragon Mall – its sole retail asset-new brands such as France’s Decathlon (the largest sporting goods retailer in the world) and Japan’s NITORI (largest furniture and home furnishing chain in the home country) will soon make their debut in the prominent shopping mall which is also celebrating its 10th Anniversary in 2023. Likewise, a revamped retail loyalty app called The H Circle which will contemporaneously act as a property management app for assets under Hunza Group is in the works.

“Even as we navigate in this new challenging landscape, we are confident in continuously fortifying our Group on all fronts so that we can deliver on our corporate core values – which is Reliability, Integrity, Greatness, Human Development and Teamwork (RIGHT),” added Dato’ Khor.

Its Group Executive Director, Ms. Khor Tze Ming, revealed that the theme is also a creative wordplay on “45” which signifies its anniversary. In her special presentation, she similarly announced the year-long lucky draw campaign in conjunction with the Group’s celebration. With prizes of value up to approximately RM1 million, buyers who purchased a unit in any of the participating projects (MUZE @ PICC, Alila 2, Mekarsari Unggul or SENZE @ PICC) will be eligible for entries. One lucky purchaser will walk away with the Grand Prize of a Mercedes-Benz C-Class worth close to RM300,000, or even a Hyundai Kona worth more than RM120,000. More details will be revealed in the Group’s social media platforms soon.

In the same segment. Ms. Khor Tze Ming also announced Gurney Paragon Mall’s CNY campaign with the theme of “Hop into Prosperity” to coincide with the Year of the Rabbit. Shoppers can redeem the exclusive rabbit-themed red packets when they spend a minimum of RM200 in Gurney Paragon Mall within the duration of 1-21 January 2023. A “Prosperity Blooms Tunnel” was also unveiled on the same day, with a surprise reveal that the installation has been awarded the title of “Most Mandarin Orange Replicas in Chinese New Year Decoration” by The Malaysia Book of Records. The Chief Operating Officer of the body, Mr. Christopher Wong Hong Wai, was present in the event to present the certificate of recognition to our Group Managing Director, Dato’ Khor Siang Gin. The time-limited installation in conjunction with the festive season will be up until 5 February 2023, and shoppers will have the chance to capture dreamlike memories amidst the welcoming of spring in Gurney Paragon Mall.

In conjunction with the upcoming festive season, Hunza Group will also be having its Chinese New Year Open House on 28 January 2023 (7th Day of Lunar New Year) in its PICC Sales Gallery at Bayan Baru. With the theme of Qing (庆) which means “to celebrate”, 2023 will truly be a year to remember for Hunza Group. Also present during the triple launch media event was the Founder and Executive Advisor of Hunza Group, Dato’ Seri Khor Teng Tong, together with the senior leadership team and staffs from various divisions.

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