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Ideal Property Group sets up RM4.2bil Penang Technology Park at Bertam

PTP Entrance

Ideal Property Group is setting up a new industrial park at Bertam, Northern Seberang Perai District, with a gross development value of RM4.2billion.

This state-of-the-art industrial park, dubbed Penang Technology Park @ Bertam, will be the first technology park established within North Seberang Perai District. Associated with its name of Penang Technology Park, this prioritised to be well-managed industrial park is set to focus in creating spaces for investors from research and technology segment, allowing potential synergies and innovative to explore in new and emerging technology. Other targeted businesses include fully automated distribution centre, logistic operation and packaging solutions.

Locals to expect a positive economy activities in adjacent neighbourhood. Penang Technology Park @ Bertam will undoubtedly bring huge advantages especially for universities, colleges and learning institutions. The new establishment will foster employment prospects by creating jobs, attracting related businesses, providing access to resources, and offering opportunities for skill development.

“Penang Technology Park@Bertam will serve as the incubator for growing and innovative high-tech enterprises to explore the opportunities for research and development of the emerging applied technologies.  In addition, cooperation between industrial enterprises and surrounding education institutions is viable in nurturing talent pool, accelerates the teaching quality at schools and enhances the graduate employability,” said Tan Sri Datuk Alex Ooi Kee Liang, the Executive Chairman of Ideal Property Group.

PTP-Latest Drone photo

Penang Technology Park@Bertam contains 880 acres of freehold land and will be carried out in 3 phrases. Ground works for its first phase is targeted for completion in 2nd quarter this year.  is situated in close proximity to major sea ports, international airport, railway and highway. For instant, it is located 5km from North-South Highway Bertam; 13km away from the proposed New Kulim Airport; 23km from the Penang Port (Butterworth) and 42km from Penang International Airport.

Penang Technology Park@Bertam is a master plan development aims to nurture Industrial Revolution 5.0. PTP consists of five integrated hubs for medical research, education and incubation, space and cyber technology, innovation and smart initiatives, financial and commercial enterprises, which are key to stimulate the synergies between high-technology industries, government, professional bodies and community. The fundamental components that determines the success of Penang Technology Park@Bertam include the flexible commercial spaces for light and medium industry; robust infrastructure such as airport, road and highways, seaport, railway; power and water supply; high speed internet and communication system.  Other key features include the setup of One Stop Centre (OSC) and Park Management Team.

Penang Technology Park@Bertam will incorporate Environmental Social and Governance component such as utilising solar energy in wide variety of industrial applications, renewal of industrial water and waste management.

Topped with its 24-hours security monitoring system under CCTV surveillance, Penang Technology Park@Bertam boasts a secure and conducive environment for innovation, growth and success.

 

PIA expansion project to begin this year

Property News/ 2 March 2023 2 comments
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Artist impression

Penang International Airport (PIA) expansion project will take place this year and will be fully funded by Malaysia Airports Holdings Bhd (MAHB).

Transport Minister Anthony Loke Siew Fook said this when he made his first official working trip to Penang yesterday, revealing that the expansion, for now, would cater to 12 million passengers per annum.

On Friday, Prime Minister Datuk Seri Anwar Ibrahim announced that PIA and the Sultan Abdul Aziz Shah Airport (LTSASS) in Subang, Selangor, would be expanded but the construction of the new Kulim airport in Kedah would be stopped.

“The funding will come from MAHB, not from the Federal Government. The Penang International Airport is the third busiest airport in Malaysia and it is commercially viable for MAHB to undertake the project.

“This will also accelerate the project, which will begin this year, probably by the third quarter, and finish within three to four years. MAHB will call for tender in April.

“The airport was upgraded from 2009 until 2013 to cater to a capacity of 6.5 million passengers per annum. But in less than six years, the passenger arrivals exceeded the target in 2019 as it recorded 8.3 million passengers per annum.

“In 2020 and 2021, because of the Covid-19 pandemic, the number came down. But last year in 2022, the trend (of passenger arrivals) went up. Even though the borders were opened in April, the airport recorded 4.27 million passenger arrivals last year. This shows that this year it will hit more than 8.5 million. Therefore, the Government sees the need for it to be expanded.

“So, MAHB has been directed to fund the project. They are able to do it because they have the funds, and it is a commercially viable project.

“The expansion project will be able to increase the capacity of passenger arrivals from 6.5 million to 12 million passengers per annum, double the capacity,” Loke told a press conference in Komtar.

He added that the control tower at the airport would be relocated to allow the terminal floor space to be increased by 100%.

When Loke was the transport minister in 2018, the Federal Government approved the PIA expansion project, but put it on the back burner after a change of Federal Government.

penang-airport-expansionLoke, reinstated in his job after the formation of the Unity Government following the 15th General Election, said the previous construction design was still valid. He explained that the expansion project does not require any land reclamation or acquisition or relocation of a nearby Chinese school.

Asked by a reporter about the cancellation of the proposed Kulim airport in Kedah, Loke said his ministry has not received any application for an aerodrome operator licence from any private party.

He said moreover Kedah has currently two airports – one in Alor Setar and another in Langkawi.

Chief Minister Chow Kon Yeow, who received Loke during his courtesy visit earlier, thanked the transport minister for visiting Penang and giving his support to the airport expansion project.

“We’re glad that the minister is here with his delegation to have a meeting with various stakeholders and agencies associated with the airport expansion and other related transport matters.

“The state government will give its full cooperation to Malaysia Airports Holdings Berhad, and will also ask all state government agencies, especially the district and land office, to facilitate the airport expansion project implementation,” Chow said.

Source: Buletin Mutiara

Marina Residence

marina-residence

Marina Residence, a high-rise residential development by Welcome Properties Sdn. Bhd. in Teluk Air Tawar. Located on 11 acres of sea-facing land next to Quayside @ Clear Water Bay, just a stone’s throw away from Robina EcoPark. It is less than 10km to Penang Sentral via Butterworth Outer Ring Road, about 20 minutes drive to Penang Bridge.

The development consists of three blocks of low-density condominiums and a five-storey car park building. It includes a total of 404 units of resort-style homes with a built-up size ranging from 1,208 sq. ft to 1,593 sq. ft.

Property Project : Marina Residence
Location : Teluk Air Tawar
Property Type : Condominium
Built-up Size: 1,208 sq. ft to 1,593 sq. ft.
Total Units:: 404
Tenure : {to be confirmed)
Indicative Price: RM546k onwards
Developer : Welcome 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.

Greatech broke ground on new facility in Batu Kawan

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Greatech Technology Berhad is realising its 10-year plan that involves venturing into the solar and life science industries, according to co-founder and CEO Datuk Tan Eng Kee. The company’s plan is divided into two parts: Factory Automation and Process Automation. The four pillars of the former will be solar, e-mobility, life science, and semiconductor, with the solar and e-mobility industries expected to generate revenue for the company within two to three years, and the life science and semiconductor industries projected to contribute significantly from 2025 to 2027. Greatech plans to shift its focus to Process Automation from 2028 to 2032.

Greatech announced the construction of a new facility, BK IV, in Batu Kawan. The new facility, with a built-up area of 500,000sq ft, will be constructed on an 11.58-acre site in Batu Kawan Industrial Park. The company is set to create an additional 500 job opportunities with this new plant.

The new plant will be divided into two parts, with one part dedicated to life science automation, according to Tan.Greatech aims to create more medical and life science automation in Penang. The company has a total of 1,288 employees, with 50% of staff being design engineers, and 98% of employees being local talents.

Greatech Board chairman Ooi Hooi Kiang said the company would invest about MYR1.3bn ($312m) in the expansion of BK IV. The company envisions building Penang into a world-class automation hub and becoming a top 10 global factory automation solutions provider within a few years.

The Malaysian Government remains committed to supporting companies such as Greatech, according to International Trade and Industry (MITI) deputy minister Liew Chin Tong. MITI’s National Investment Aspiration highlights the need for economic complexity, integration of local supply chains with regional and global supply chains, and creation of new economic clusters and high-value job opportunities. The Government aspires to see the industry move up the value chain and produce more innovative and high-value products that will enable Malaysia to compete globally.

Malaysian Investment Development Authority (MIDA) deputy CEO Lim Bee Vian encouraged all companies in Malaysia to incorporate Environmental, Social and Governance (ESG) practices into their operations.Greatech’s investment in ESG practices is a shining example of corporate responsibility that other companies can emulate, according to Lim.

Penang Chief Minister Chow Kon Yeow expressed his congratulations to the Greatech team and all who were involved in bringing this expansion to fruition. He is hopeful that the expansion can nurture local talents and enhance their knowledge and exposure to the latest technology in solar, e-mobility, life science, and semiconductor.

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Bypass will be constructed to connect Hijaun Hills and Bandar Tasek Mutiara

Property News/ 28 February 2023 No comments

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A bypass connecting Hijaun Hills to Bander Tasek Mutiara in the south Seberang Perai (SPS) district is set to be constructed, enhancing accessibility to the schools in the neighbourhood.

The bypass will be constructed from Jalan Tasek Mutiara 10 to Jalan Hijauan Hills 1.

This was announced by State Transport and Infrastructure Committee chairman Zairil Khir Johari during a press conference held on Sunday (Feb 26).

Zairil said the Traffic Impact Assessment (TIA) received by the Seberang Perai City Council also suggested that the construction of the bypass must be prioritised.

“Parents staying in the neighbourhood have complained that they have to use a longer route via the main road to send their children to the schools even though the schools are only less than 1km away.

“There are seven schools within the 1.5km of the residential area.

“The task to construct the bypass has been given to the state Public Works Department (PWD) and the cost of the project is to be borne by the state government,” Zairil said.

The seven schools are Sekolah Menengah Tasek, Sekolah Kebangsaan Bandar Tasek Mutiara, Sekolah Jenis Kebangsaan (Tamil) Tasek Permai, Sekolah Menengah Tasek Mutiara, Sekolah Menengah Jenis Kebangsaan (Cina) Jit Sin II, XCL International School Pearl City, Penang and SRJK(C) Keng Koon.

It is learned that the duration of the project is 30 weeks, and it comprises the construction of a new road, a road median, a pedestrian walkway, a new drain, upgrading of the existing road, installation of streetlights as well as CCTVs.

The project is estimated to cost RM5.3 million. It will be a two-way bypass road with four lanes.

Source: Buletin Mutiara

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