Ari Altitude is an affordable housing project by PTL Alpha Sdn. Bhd. (part of of PTL Properties Sdn. Bhd.) in the matured township of Alma in Bukit Mertajam. Located along Jalan Santuari 3, next to Permatang Sanctuary housing scheme by IJM. It is less that 5 minutes drive to Lotus’s and AEON Mall via Jalan Rozhan, and about 15 minutes’ drive to both Penang main and 2nd bridges.

This development features a 30-storey affordable condominium with smart home concept. It comprises 500 residential units with 8 levels of car parking podium and a swimming pool. The new home will offer a standard built-up size of 950sq.ft. with 3 bedrooms and 2 bathrooms.

Property Project : Ari Altitude
Location : Alma, Bukit Mertajam
Property Type : Affordable housing
Built-up Size: 950sq.ft. onwards
Total Units:: 500
Tenure : Freehold
Indicative Price: RM250.000 onwards
Developer : PTL Alpha Sdn. Bhd.

SITE PROGRESS

SITE PROGRESS: Ari Altitude (Aug 2025)

SITE PROGRESS: Ari Altitude (May 2025)

SITE PROGRESS: Ari Altitude (Feb 2025)

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.

The much-talked about cable car project for Penang Hill is set to become a reality.

Chief Minister and Penang Hill Corporation (PHC) chairman Chow Kon Yeow said Hartasuma Sdn Bhd, a homegrown pioneer in the local rail industry, has successfully won the bid for the cable car project.

He said Hartasuma was chosen from among six companies which submitted the Request for Proposal (RFP) for the project.

He said Hartasuma was awarded the job based on the company’s financial capability, proposed cable car system provider, technical and operational capabilities, environmental protection measures and proposal at the time of bidding.

“The estimated investment by Hartasuma is expected to be RM245 million and the project is based on a 30-year concession period.

“The project is expected to take three years to fully complete and be operational.

“With the new cable car in place, Penang will gain another iconic tourist attraction in addition to the existing funicular railway that has served residents and visitors at the Penang Hill for almost 100 years,” he said today.

Chow hoped that the new cable car project would help redistribute traffic particularly during the peak seasons, completing the existing century status of the funicular service from the Air Itam area.

“We hope this greener mode of transportation will further enhance the tourism experience and contribute to the socio-economic of the surrounding areas, which will offer approximately 500 job opportunities.

“With an annual visitor population of over 1.3 million, we hope the cable car will play a practical role in tourist load balancing.

“PHC is looking forward to implementing environmentally-friendly transportation option for visitors to the cable car station to reduce carbon emissions in the Penang Hill Biosphere Reserve area,” he added.

Chow said the alignment and the suitability of the location of the cable car project was taken into consideration by the Evaluation Committee, with most feasible route alignment site near the Penang Botanic Gardens.

Meanwhile, Hartasuma executive director Tan Sri Ravindran Menon said the construction phase would take between 18 and 20 months to complete.

“However, we need to get all the necessary approvals, which will take some time to obtain as it involves various authorities,” he said.

It was reported that the federal government had, in April 2020, announced that the RM100 million initial allocation for the Penang Hill cable car project had been cancelled.

Penang subsequently announced a RFP for the project.

Source: NST Online

South Korea-based manufacturer Simmtech is set to accelerate the expansion of its production line in Penang with a second phase investment of US$50 million (U$1 = RM4.4250), expected to be completed by the first quarter of 2023.

The company is a producer of semiconductor packaging substrates and high-value printed circuit boards (PCBs).

The Malaysian Investment Development Authority (MIDA), InvestPenang, and Simmtech said in a joint statement that in the initial plan, the company had planned for a five-year second phase expansion at its local unit Sustio Sdn Bhd.

However, Simmtech said it decided to accelerate its expansion plan to 2023.

The expansion would double the high-density interconnect PCB production capacity while creating additional 400 job opportunities for Malaysians, as well as involving working with local companies to enhance their localisation programme to enhance the country’s semiconductor ecosystem, according to the statement.

Simmtech Southeast Asia managing director Jeffery Chun said the expansion decision is a testimony of the management’s determination to invest in Malaysia, on top of the successful opening of its first factory in Batu Kawan, which is a rising global semiconductor hub.

Earlier this year, Simmtech had invested US$150 million to complete Sustio’s 7.28-hectare manufacturing site, which has already begun production.

Newly appointed International Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said Simmtech’s fast-tracked expansion of its subsidiary in Malaysia proved that Malaysia continues to be a preferred destination for high-value investments due to the industry’s strategic position in the global electrical and electronics value chain.

“This expansion project also supports the country’s New Investment Policy, whose aims include nurturing innovative, high impact and high-tech investments that help create more higher paying jobs, which is key to the country’s long-term socio-economic upliftment and sustainable growth,” he said in the same statement.

Source: Bernama

About The Zen

A mixed development by Asia Green at Bayan Mutiara. It is located next to Tun Dr. Lim Chong Eu Expressway, just a short drive away from the ongoing Penang World City township development by Tropicana Ivory. This development comprises a 46-storey skyscraper with two residential towers, and shop offices located at lower level. The residential component will feature 1,200 affordable units and 730 bigger open market units.

Find out more about The Zen development

Terubong Avenue, a leasehold commercial development by Patsifit Construction Sdn. Bhd. at Paya Terubong. It is strategically located along Jalan Paya Terubong, diagonally opposite Eco Terrace condominium by Eco World.

The development features 30 units of 2-storey shop offices with double fronting and 24 hours security. With a minimum built-up size of 2,347sq.ft. onwards, the units are now selling from RM1.46mil onwards. It is currently under construction and expected to be ready by 2023.

Property Project : Terubong Avenue
Location : Paya Terubong
Property Type : Shop offices
Built-up Size: 2,347sq.ft. onwards
Total Units:: 30
Tenure : Leasehold
Indicative Price: RM1,458,000 onwards
Developer : Patsifit Construction 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.