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SITE PROGRESS: The Light City (Mar 2023)

Property News/ 16 March 2023 No comments

the-light-city-site-progress-mar-2023

About The Light City

A 32.76-acre integrated mixed-use waterfront development by  IJM Perennial Development in Gelugor, Penang. Strategically located next to The Light Collection, just a mere minutes drive from Penang Bridge and George Town.  It will feature a retail mall, Penang’s largest convention centre to be called Penang Waterfront Convention Centre, two hotels to be operated by renowned hotel brands, a 28-storey office tower, and two premium residential projects named The Mezzo and The Essence.

Find out more about The Light City

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(This information will be used to keep you updated on the project and future development.)
*By submitting this Form, you hereby agree to our PDPA Consent Clause.

Fort Cornwallis moat set to reopen to the public in 2025

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The over-a-century-old moat of Fort Cornwallis, under the premier historic structure restoration project, is set to be reinstated before it is open to the public in 2025.

The moat, on the south and the east, will be restored to its former glory.

Chief Minister Chow Kon Yeow said the Fort Cornwallis restoration project was an important component under the ‘North Seafront Master Plan’.

“This project shows the state government’s commitment to upgrading the historical place, establishing a centre to gather historical information and developing it into a famous tourism spot.

“This project is developed through a public-private partnership (PPP), with the collaboration between the Federal Government and the state government.

“The restoration of the moat also includes the upgrading of a food court nearby Fort Cornwallis,” he said in his speech during the pre-launching ceremony today.

The initiative, Chow said, is being undertaken by the George Town Conservation and Development Corporation (GTCDC), which is a tripartite alliance consisting of the Chief Minister Incorporated (CMI), Think City Sdn Bhd and Aga Khan Trust for Culture.

A mini gallery in Fort Cornwallis’ store room is scheduled to be completed in August this year.

Chow said a mock-up of the moat, measuring 200 square metres, had been completed for the contractor’s reference.

“It is important to ensure the contractor, who will be appointed soon, is adhering to the Unesco World Heritage Site guidelines,” he added.

When met by reporters, CMI deputy general manager Datin S. Bharathi said the overall cost incurred for the restoration of the moat and the upgrading of the nearby food court was about RM20 million.

Think City Sdn Bhd chairman Datuk Seri Dr Anwar Fazal said he was pleased with the development of the overall project.

Source: Buletin Mutiara

UPCOMING: Sungai Jawi / Sierra Residences (M) Sdn. Bhd.

Sungai Jawi/ 14 March 2023 No comments

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A proposed mixed development by Sierra Residences (M) Sdn. Bhd. at Sungai Jawi. Located along Jalan Sungai Bakap, next to JKR Seberang Perai Selatan. It’s only a mere minutes’ drive from Jawi Toll Plaza, just a short walking distance to nearby amenities which include Econsave Hypermarket, clinics, banks and eateries.

This mixed-use development, which includes both commercial and residential components, will be completed in several phases:

Phase 1

  • 2-storey detached shop office (1 unit)
  • 3-storey semi-detached shop office (8 units)

Phase 2

  • 4-storey commercial building, comprises a total of 171 shop offices with 2 levels of car park.
  • 2-storey detached shop office (1 unit)
  • 10-storey hotel (140 rooms)

Phase 3

  • 39-storey serviced residence (540 residential units)

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

Project Name : (to be confirmed)
Location : Sungai Jawi, Penang
Property Type : Mixed development
Tenure : Freehold
Total Units: 540 (serviced suite), 181 (shop offices)
Built-up Area: (to be confirmed)
Indicative Price: (to be confirmed)
Developer : Sierra Residences (M) Sdn. Bhd.

Register your interest here, and we will keep you updated.

(This information will be used to keep you updated on the project and future development.)
*By submitting this Form, you hereby agree to our PDPA Consent Clause.
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No clear timeline for Penang Undersea Tunnel Project

Property News/ 13 March 2023 6 comments
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Source: TheStar

After more than a decade, the proposed Penang Undersea Tunnel, part of the RM46bil Penang Transport Master Plan, looks to be stalled due to delays in the release of the feasibility study report. According to a news article published by TheStar, State infrastructure and transport committee chairman Zairil Khir Johari confirmed the delay and stated that there is no clear timeline for the project to start. He further added that work may only begin beyond 2026 or further, with at least five years required for necessary approvals from the Federal Government and other relevant agencies.

First proposed in 2011, the Penang Undersea Tunnel project was intended to link Gurney Drive on the island with Bagan Ajam on the mainland in Penang, aimed at easing the chronic traffic congestion in the state. However, the project has been marred by delays, and the complete feasibility study report has already missed its deadlines in 2014 and 2016.

The state government has said that it would only make a decision on the implementation of the project after considering written reviews from the Penang Port Commission and Penang Port Sdn Bhd (PPSB), both of which have strong reservations about the project.

Due to the latest delay in the undersea tunnel project, PPSB will now carry out its RM1bil expansion at the North Butterworth Container Terminal (NBCT) as planned without waiting for the tunnel construction to start. Its chief executive officer, Datuk Sasedharan Vasudevan, has confirmed that the NBCT expansion and the tunnel construction have turned out to be contentious issues due to the clash of construction routes, although both parties have agreed to coexist and work together.

Taman Acheh Damai

Nibong Tebal/ 13 March 2023 No comments

Taman-Acheh-Damai-SSSD-Type-B

Taman Acheh Damai, a small landed residential development by Asiabina Sdn. Bhd. in Nibong Tebel. Located within the vicinity of Sungai Acheh, about 10 minute’s drive to Nibong Tebal town centre via Jalan Sungai Acheh. It is neighboring Taman Acheh Indah, with essential amenities in nearby township within a short drive.

The freehold development consists of 28 units of single-storey semi-detached houses, featuring built-up sizes starting from 1,591sq.ft. Two layout types are available for selection, with indicative prices starting from RM454,000.

Project Name : Taman Acheh Damai
Location : Nibong Tebal
Property Type : Residential
Tenure : Freehold
Land Area: 35‘ x 92’ onwards
Built-up Area: 1,591 sq.ft. onwards
Total Units : 28
Indicative Price: RM454k onwards
Developer : Asiabina Sdn. Bhd.

Register your interest here

(This information will be used to keep you updated on the project and future development.)
*By submitting this Form, you hereby agree to our PDPA Consent Clause.
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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.