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Penang South Islands project wins award for low-carbon city plan

Property News/ 21 February 2023 No comments

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Artist impression [Source: Gamuda website]

The design of the proposed Penang South Islands (PSI), a 1,821ha project next to the Penang International Airport at Bayan Lepas, has been recognised as a sustainable piece of development when it comes to minimising emissions.

The Malaysian Green Technology and Climate Change Corp (MGTC) has honoured Penang for its design as part of its drive to promote Low Carbon Cities (LCCs) in Malaysia, with the state given the “Diamond” award for PSI’s design at the Low Carbon City 2022 event.

MGTC, an agency under the Natural Resources, Environment and Climate Change Ministry, said the Low Carbon City 2022 award was part of its flagship programme called the Low Carbon Cities 2030 Challenge (LCC2030C), an initiative to help shift Malaysian cities and conversations towards a low carbon future.

The push for low carbon cities began in 2011, when the Low Carbon Cities Framework and Assessment System (LCCF) was set up by the government (under the then Energy, Green Technology and Water Ministry) to guide local authorities and statutory organisations to transform their towns and territories into low carbon urban centres.

The LCCF provides guidance for local authorities by addressing carbon emissions in four main areas: urban environment, urban infrastructure, urban transportation, and buildings – through tools such as city design guidelines, measurement and reporting methodology, as well as an assessment programme.

Since then, MGTC has been working alongside local authorities to establish Low Carbon Zones in state capitals and major urban areas, with these zones characterised by reduced emissions from energy and water consumption of buildings and common areas, reduced emissions from internal combustion engines, and reduced generation of waste that ends in landfills.

In its citation for PSI, MGTC said the design of this development had the potential to reduce emissions by 45.47% compared with a “business as usual” scenario.

Evaluated across four areas, the development can prevent the release of emissions equivalent to 844,295 tonnes of carbon dioxide.

PSI scored big in both energy consumption and low-emission mobility, with each contributing savings of 15.61% and 20.26%, respectively.

It is also an overachiever when it comes to greenery, with Island A of PSI alone boasting of around 200,000 carefully selected trees to promote biodiversity and coastal protection, thus making PSI able to lock in 227.94% more carbon dioxide, compared to a development with no or sparse landscaping.

In an immediate reaction, Penang infrastructure and transport exco Zairil Khir Johari congratulated the PSI master planning team for the achievement, saying the low-carbon plan is evidence that Penang meant business when it talks about sustainability.

“Penang cares for the environment, and we are making holistic plans to make sure we meet our targets. We are not just making statements or being rhetorical. We mean to build a green and sustainable development we can all be proud of.”

Deputy State Secretary Datuk Mohd Zakuan Zakaria received the award on behalf of Penang from deputy Environment Minister Datuk Seri Huang Tiong Sii at a ceremony here yesterday.

Source: TheStar.com.my

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SITE PROGRESS: Granito @ Permai (Feb 2023)

Property News/ 21 February 2023 5 comments

granito-site-progress-feb2023

About Granito @ Permai

An affordable housing development by BSG Property in Tanjung Bungah, Penang. It is strategically located next to TAR College, adjacent to 2 Permai luxury residential scheme. This development featuring a 50-storey building with two residential towers and 12 levels of car park. There are 980 units of affordable homes with a standard built-up area of 864 sq.ft.

Find out more about Granito @ Permai

Register your interest here. We will keep you updated.

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4,000 PR1MA affordable homes coming up in Penang

Property News/ 20 February 2023 No comments

ppr

Perbadanan PR1MA Malaysia (PR1MA) under the Local Government Development Ministry will be building some 4,000 high-rise homes in Penang over the next five years.

The agency will carry out residential and mixed development projects on its two plots of land measuring 121.4ha in the state.

The projects have an estimated gross development value of RM1.25bil, according to its statement.

It also said the mixed development projects would have sustainability features meant to provide inclusiveness, safety, resilience and liveability.

These efforts to provide affordable housing, which also supports Sustainable Development Goals, are in line with the Federal Government’s target under the 12th Malaysia Plan to build 500,000 affordable homes.

PR1MA chief executive officer Datuk Seri Mohd Nazri Md Shariff said, “We realise there is an urgent need for more affordable housing in the country.

“We aim to develop more high-quality housing in Penang and other strategic locations nationwide.”

There are currently three PR1MA projects in Penang comprising 3,867 affordable units.

The projects are Residensi Pauh Permai as well as Residensi Bukit Gelugor Phase 1 and Phase 2.

The Residensi Pauh Permai project in Permatang Pauh, which has 1,017 units, was completed in September 2021.

It received an award last year for the best mass market high-rise development in the northern region.

Residensi Bukit Gelugor Phase 1 is slated for completion in the third quarter of 2025 and Phase 2 in the third quarter of 2026.

Mohd Nazri said PR1MA was not only responsible for building residential projects but also the socio-economic development of the PR1MA community.

“This will indirectly add value to the eco-system,” he said in the statement.

Mohd Nazri had earlier accompanied Local Government Development Minister Nga Kor Ming on a visit to Taman Bagan Jaya people’s housing project (PPR) in Butterworth, where residents would get free Internet service for nine months under the ongoing Jendela@PPR national digital infrastructure initiative.

Source: TheStar.com.my

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Resort Style Condo at Batu Ferringhi with Mah Sing Secured deals

Events & Promotions/ 19 February 2023 No comments

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Don’t miss the golden opportunity to grab these exciting Mah Sing Secured deals and rewards when you purchase a residence with Mah Sing. Register now!

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  • Built-up area: ±1,500sqft
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  • 3 tiers security system
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🎁Fixed Interest Rate from 3.3%*
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You may register your interest below or WhatsApp: https://bit.ly/3DFbYK7

Developer unit available. Register your interest now to receive a call back!

*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.)

T&Cs apply.

Elna PCB investing RM1bil, undergoing expansion in Penang

Property News/ 19 February 2023 1 comment /中文版

elna-pcb-groundbreaking

Elna PCB Malaysia Sdn Bhd (Elna PCB) is achieving another milestone with the expansion of a new plant in central Seberang Perai here.

Elna PCB, one of the key printed circuit board (PCB) players in Penang, is set to invest about RM1 billion; which includes the plant, equipment and machinery.

Established in 1994, Elna PCB became part of the PSA Group in Taiwan, following a joint venture between PSA Group and Japan-based Elna Printed Circuit in 2018.

The expansion works started in December last year and are expected to be completed within a year.

Elna PCB president Ian Yang said the new plant, which will be located next to the existing plant in Lorong Perusahaan 4 at the Perai Free Industrial Zone, was designed to manufacture PCBs for the usage of automotive, server, networking, laptop, desktop, and consumer electronic device products.

“Upon completion, the new plant is expected to create an additional 1,000 employment opportunities to support the ecosystem.

“We are optimistic that, upon the completion of the expansion project, we will be able to achieve a five-fold business growth from our current business size.

“We chose Penang as our present and future home as Penang’s competitive edge lies in its skilled workforce, robust market, and supply chain.

“Our local suppliers have been very supportive and we wish to strengthen our ties with them by enabling more localisation activities.

“In addition, the state’s top-notch infrastructure and the strong government support are also the key reasons for us to invest in Penang,” he said in his speech before the groundbreaking ceremony yesterday.

The expansion project would see a six-storey factory unit built on a 10,289sq m land area.

Malaysian Investment Development Authority (Mida) (investment promotion and facilitation) deputy chief executive officer Sivasuriyamoorthy Sundara Raja said Mida was optimistic that Elna PCB’s latest reinvestment would enhance the transfer of technology and knowledge, as well as foster more local supply chain partnerships, leading to an even stronger industry ecosystem in Malaysia.

Chief Minister Chow Kon Yeow said Elna PCB has a presence of nearly 30 years in Penang.

“Its decision to expand is a testament to Penang‘s sustainable location for investments.

“I believe Penang’s robust industrial ecosystem, strong talent pool, and conducive business environment are among the key factors for Elna PCB to deepen its roots in the state,” he said in his speech.

Chow said that Penang had been recognised as one of the key players in the global semiconductor industry and other electronic component manufacturing, including the much essential, PCB manufacturing.

“The growing demand for digitalisation is seen as one of the key drivers for PCB, being a vital component of many of today’s most advanced technologies.

“Driven by Penang’s position as the country’s leading Electrical & Electronics (E&E) hub, the state continues to be a key pillar of Malaysia’s external trade.

“Penang topped the nation’s list in 2021 with an export value of RM354 billion recorded.

“The external trade momentum in Penang had persisted into 2022 with a 27% year-on-year spike on the export value, which reached an all-time high of RM452 billion in the said year. It represented 29% of the country’s total,” he added.

He highlighted that on the investment front, Penang was also among the top contributors in the country. The state clocked in an all-time high of RM76 billion in its approved manufacturing investments in 2021.

“From January to September 2022, Penang garnered RM9 billion of approved manufacturing investments, among which 53% was contributed by E&E products; which represented 22% of the country’s total in E&E. This further strengths the state’s position as the Silicon Valley of the East,” he said.

Chow welcomed industry leaders to take advantage of what Penang has to offer.

“I would like to take this opportunity to express my appreciation to Mida and InvestPenang for their synergistic efforts in engaging investors and facilitating project implementations,” he said.

Source: Buletin Mutiara

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