A proposed redevelopment of an existing 6-storey hotel building in Geoge Town into a serviced apartment, undertaken by Shui Kat & Company (PG) Sdn. Bhd. The said hotel which was known as Town House Hotel is located along Penang Road, adjacent to Cititel Penang.

This development will see the repurposing of the existing building to include 92 units of serviced suites and 3 units of shoplots located at ground level. An automated parking garage will be located at the back of the building.

The project is in its planning stage and still pending approval. Currently it is not known if it will be open for sale.

Project Name: (to be confirmed)
Location : George Town
Property Type : Serviced residence
Built-up Size: (to be confirmed)
Total Units: 92 (serviced suites)
Land Tenure : (to be confirmed)
Indicative Price : (to be confirmed)
Developer: Shui Kat & Company (PG) Sdn. Bhd.

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.

Chief Minister Chow Kon Yeow today said the Bayan Lepas Light Rail Transit (LRT) project should kickstart accordingly, provided the project meets its designated timeline.

Penang has received eight submissions from local and international consortiums for the Bayan Lepas LRT project pre-qualification process, according to a recent announcement by state Transport and Infrastructure Committee chairman Zairil Khir Johari.

The process, which was held from July 25 to Aug 19, saw 45 companies registering interest and purchasing the pre-qualification documents.

“Whenever you plan anything, there is always a timeline.

“So, as mentioned by the state government that the project is set to start next year, we have to work accordingly so that we can meet the timeline.

“We are yet to finalise the acquiring of the land but as I have said, we hope to get things done according to our timeline,” Chow told reporters after being asked whether the Bayan Lepas LRT project would be able to start on time next year.

The pre-qualification process was to identify and pre-qualify suitable contractors to participate in the Request for Proposal (RFP) tender process for the engineering, procurement, construction, testing and commissioning of the LRT’s viaducts, stations, depot, system and other associated works, as well as the funding, operation and maintenance of the LRT system.

Source: Buletin Mutiara

About Wellspring Residences

A high-rise residential development by Airmas Group in Butterworth. Located near Jalan Telaga Air, next to Telaga Emas Apartment by the same company. It is about 500 meters away from the ever-bustling Jalan Raja Uda, and only a 5 minutes drive to Penang Sentral. This development comprises a 21-storey condominium, featuring 144 residential units with built-up sizes ranging from 1,070 sq.ft. – 1,260 sq.ft.

Find out more about Wellspring Residences

Indium Corporation, a United States-based global materials supplier to the electronics assembly and semiconductor packaging industries, has officially opened its much-anticipated, high-technology manufacturing facility in Batu Kawan Industrial Park (BKIP) today.

The 37,500sq ft facility is located at Persiaran Cassia Selatan 3 in BKIP.

Indium Corporation president and chief operating officer Ross Berntson said the corporation has invested a total of RM250 million to set up the manufacturing facility.

“In addition to the new manufacturing facility, Penang also houses our Malaysia Tech Hub, a regional centre for the development of electronics assembly expertise and customer service, as well as a logistics and manufacturing support centre which is located on the island.

“Indium Corporation is proud to continue its more than 40-year history of doing business in Malaysia with the grand opening of our new manufacturing facility in Penang.

“This new facility will enable us to further support our customers in automotive, semiconductor, power electronics, e-mobility, industrial and computing and other markets,” Berntson 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, InvestPenang chief executive officer Datuk Loo Lee Lian and Malaysian Investment Development Authority (Mida) chief executive officer Datuk Arham Abdul Rahman.

According to Berntson, the new manufacturing facility will also focus on its advanced solder paste, high-performance thermal materials, and innovative engineered solder products.

“This new facility has begun its manufacturing activities and will continue to expand the production capacity to better serve the company’s customers in Malaysia and the surrounding region, including Thailand and Vietnam,” he added.

Chow said Penang was excited and proud to welcome Indium’s presence here.

“Penang is pleased to be the choice location for Indium’s new manufacturing facility. The company’s investment decision serves as an acknowledgement of the skilled talent, well-developed infrastructure and resilient environment that the state holds.

“Being widely regarded as one of the major players in the global semiconductor industry, Penang’s robust electrical and electronics (E&E) ecosystem is believed to have paved the way for sustainable industry development, offering a competent platform for the players along the supply chain to participate and thrive,” he said.

Chow added that Penang is the economic powerhouse of the country.

“The state’s commendable performances in investment inflows and external trade have greatly attested to our resilient industrial ecosystem, which has always been the key factor that attracts investors’ interests.

“Penang also has been very successful in its transformation journey, which began in 1972.

“The five decades of industrial excellence have laid the groundwork for Penang to unlock its limitless potential.

“And holding on to the tagline for Penang’s 50th anniversary of industrialisation, ‘50 Years of Excellence and Beyond’, I am looking forward to witnessing our next leap.

“Rest assured that the state government via InvestPenang and other relevant state machinery, is committed to providing unwavering support to the investors.

“I look forward to a long-lasting business relationship with Indium, and once again, offer my sincere congratulations on their new facility,” said Chow.

Source: Buletin Mutiara

Ayana Residence is strategically and conveniently situated near a primary school, major routes and public amenities, this contemporary suites is the ideal location for an urban life as the exciting work, life and play options are right at your fingertips.

Join Jayamas Property for the soft launching of Ayana Residence at Jayamas Property Sales Gallery on 5th & 6th November 2022 to find out more about this low-density affordable home in Butterworth!