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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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Top 10 Most Popular Projects in 2022

It’s time for our yearly recap of the top 10 most-viewed development projects in 2022! We compiled a list of popular projects that resonated most with our readers in 2022, according to page views.

Check out the list below for the 10 most popular projects, along with a brief description of each project.

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Ideal Venice Residency

Ideal Venice Residency, the second phase of PR1MA affordable housing development by Ideal Property Group at Island Glades. Strategically located near the intersection of Jalan Bukit Gambir and Jalan Lembah, next to Ideal Residency. It's just a stone's throw away from University Science Malaysia (USM), about 5 minutes drive to Penang Bridge. This development ...
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The Meg @ Andaman Island

Andaman Island - the highly-anticipated prime reclaimed island of Seri Tanjung Pinang Phase 2A by E&O. Located directly across the waters of Seri Tanjung Pinang and Gurney Drive, the 253-acre island is expected to have a GDV of over RM17 billion, which will take over 15 years to complete. The first link ...
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The Millennia

The Millennia, an affordable housing project by Hunza Group in Penang State Housing Board (LPNPP) at Bukit Gedung near Bayan Lepas. It will be located on an 8.7-acre land adjacent to B.Braun manufacturing plants, just a mere minutes drive to Bayan Baru Town Centre. This will be the first affordable housing by ...
ideal-residency

Ideal Residency

Ideal Residency, formerly known as PR1MA @ Bukit Gelugor, is an affordable housing development by Ideal Capital Venture Sdn. Bhd. (a subsidiary of Ideal Property Group) in Penang Island. This development is strategically located on Kampung Kastam land near the intersection of Jalan Bukit Gambier and Jalan Lembah. It's only less ...
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Lucerne Residences

Lucerne Residences, yet another project in Ideal Vision Park by Ideal Property Group in Bayan Lepas, Penang. Strategically located along Jalan Tun Dr. Awang, adjacent to The Amarene condominium. It is just a short drive to Penang International Airport, 10 minuets walking distance to Straits International School. That completes the IVP development ...
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D’ Starlingtton

D' Starlingtton, a residential development by Wismas Dayamas Sdn. Bhd. (GSD Land) at Teluk Kumbar. It is located on a 4.5-acre land along Jalan Teluk Kumbar, approximately 2km away from Penang International Airport. Neighboring communities include Platinum III, D'zone Condominium, Saujana Heights Apartment, Emerald Residence, and the low-density luxury development - ...
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Sunway Dora

Sunway Dora is a mixed development by Sunway Property in the established township of Bayan Baru. The project is located on a 1.6-acre land along Persiaran Mahsuri 1, within the vicinity of Bandar Sunway Tunas. It is only a stone’s throw away from Olive Tree Hotel and SPICE Convention Centre, and ...
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QuayWest Residence

QuayWest Residence, a luxury residential development located next to Penang World City in Bayan Mutiara, Penang. This development comprises 1,235 condominium units in two 24-storey towers. The project is completed with CCC obtained in 2022. Tower A offers 669 units with built-ups from 1,246 to 3,222 sq ft, varying from 3-bedroom, 2-bathroom ...
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118 Harmony

118 Harmony, an upcoming affordable housing by Eizo Enterprise Sdn. Bhd. (part of SHH Holdings) at Relau. Located on approximately 1 acre of land along Lebuh Relau 4, next to Relau Sports Complex. It is only about 2km from Setia SPICE Convention Centre. Neighboring communities include Relau Vista apartment, Taman Relau Mutiara, ...
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Grace Harmony

Grace Harmony, the latest affordable housing by Nova Land Development Sdn. Bhd. at Jelutong, Penang. It is strategically located near Nova Place and Grace Residence by Nova Mulia Development, easily accessible via Tun Dr Lim Chong Eu Expressway. This development will see the demonstration of 34 existing houses and workshops for ...
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Penang bridges and several roads to be closed for cycling event on Sunday

Property News/ 5 January 2023 No comments

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Several routes, including the Penang Bridge and the Sultan Abdul Halim Mu’adzam Shah Bridge, will be temporarily closed for the Penang Fellowship Ride event this Sunday.

State youth and sports committee chairman Soon Lip Chee said the roads would be closed in stages from 6.30am to 1pm for the 66km event.

“The cycling event will start and end at Persiaran Bayan Indah 2 (opposite Queens Waterfront).

“It is organised by the state in collaboration with G Club Penang Cyclists and Penang Sports Council,” he said in a statement.

“On the Penang Bridge, the route from the island to Seberang Prai will be closed from 6.30am to 9am.

For Sultan Abdul Halim Mu’adzam Shah Bridge, the road from Batu Kawan to Batu Maung will be closed from 9am to noon,” he said reminding participants to wear the official jersey provided.

Soon said Penang Fellowship Ride had attracted 2,500 participants including from Singapore, Australia and Japan.

Yang Dipertua Negri Tun Ahmad Fuzi Abdul Razak will also participate in the event.

Source: Bernama

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