Thriven Global Bhd is acquiring 4,700 sq metres of freehold land in Butterworth that has been approved for the development of serviced apartments.

The group’s subsidiary, Bukit Punchor Development Sdn Bhd, is buying the land from Star Sanctuary Land Sdn Bhd for RM21 million, the property developer said in a bourse filing.

Of the sum, RM13.88 million will be set-off against the payment to be made by Star Sanctuary to Mayfair Ventures Sdn Bhd, another subsidiary of Thriven.

This is in respect of Star Sanctuary’s purchase of 12 units of service apartment and one SoHo (small office, home office) in Lumi Tropicana, Petaling Jaya from Mayfair.

Thriven said the acquisition is expected to be completed within three months and is expected to contribute positively to the future earnings of the group.

Thriven’s share price closed unchanged at 13.5 sen on Thursday (Sept 22), bringing it a market capitalisation of RM73.8 million.

Source: EdgeProp.my

Stonyhurst International School in Straits Quay will be welcoming some 300 students in its first year, with the first term starting on Sept 26.

Chief Minister Chow Kon Yeow, after inspecting the school yesterday, said the opening of the international school in Penang would mark one of the most significant milestones in the over 400-year history of Stonyhurst College, United Kingdom, and in Penang.

“The sister school in the United Kingdom, Stonyhurst College, was founded in Saint-Omer, near Calais, in 1593, and is the oldest continually active Jesuit school in the world,” Chow said.

Speaking about the international school in Straits Quay, Chow said it would be a co-educational day school for students aged three to 18 from all religious groups and secular belief systems.

“With children from over 24 countries, the cultural diversity will add to the richness and global outlook of the school community and the state.

“It has the capacity for 1,200 students and will soon offer boarding facilities to accommodate up to 360 boarders,” Chow added.

Built on 4.3 acres of land, Stonyhurst International School boasts state-of-the-art facilities, designed with 21st-century teaching and learning pedagogy in mind.

Students will have access to academic, theatre, music, and sporting facilities which include an AstroTurf field, an eight-lane 25m swimming pool, a learners pool, a multipurpose hall, dance studio, dedicated junior and senior school libraries, an art gallery and a 530-seat auditorium.

Chow said the project was initiated by the Penang government through a Request for Proposal (RFP) by Chief Minister Incorporated (CMI).

“A concession agreement was inked in September 2017. The firm which designed and built the school, VERITAS Design Group, is one of the world’s leading integrated multi-disciplinary design firms.

“The construction of the international school costs over RM100 million. The construction works started in December 2019, were delayed because of the Covid-19 pandemic, and were completed this year,” Chow said.

He said that the Penang government looked forward to the opening of the international school which would bring about the provision of quality primary and secondary international education.

Source: Buletin Mutiara

The Penang government, through the Chief Minister Incorporated (CMI), and Jit Sin School Union Bukit Mertajam have inked a partnership to establish the very first Penang Digital Library (PDL) in Bukit Mertajam and the central Seberang Perai district.

The upcoming digital library or better known as the Bukit Mertajam Digital Library will be located at the three-storey building of the Jit Sin School Union Bukit Mertajam.

It is understood that the renovation works will start next year and are expected to be fully completed in 2024.

Chief Minister Chow Kon Yeow, who was present during the brief signing of the Memorandum of Understanding (MoU) between the two parties, said the upcoming digital library would surely benefit Penangites, particularly the residents of Bukit Mertajam.

“The upcoming digital library will provide a community-accessible platform for information, creativity, knowledge, and technologies, as well as, a space for connection and interaction.

“It is also an excellent example of community engagement by Jit Sin School Union Bukit Mertajam.

“I would like to note that Jit Sin School Union initiated the establishment of this digital library on its own initiative.

“The organisation approached the state government with the intention to corporate and collaborate with CMI, to set up the first digital library in Bukit Mertajam for the benefit of the people in the vicinity.

“As a result, here we are today, marking an important chapter in the Penang Digital Library journey. This is truly a fine example of strong collaboration between the state government and the non-governmental organisation (NGO),” Chow said during his speech at the MoU signing ceremony at Jit Sin School Union building, Jalan Sri Bukit in Bukit Mertajam.

The CMI was represented by its deputy general manager Bharathi Suppiah and Jit Sin School Union Bukit Mertajam was represented by its Bukit Mertajam Digital Library committee chairman Datuk Ng Wah Sim during the MoU signing.

According to Bharathi, today’s MoU was executed pursuant to the mutual understanding and consensus between CMI and Jit Sin School Union in establishing, organising and managing the Bukit Mertajam Digital Library.

“In this agreement, CMI will provide technical assistance and support including copyrights, license, grant, access, loyalty fees on software, e-books, database and e-card installed in this digital library.

“CMI will also continuously provide advice, information and assistance relating to the operation and management of the digital library,” she said.

Ng said Jit Sin School Union, on the other hand, was committed to the partnership and would provide the premises, infrastructure and necessary utilities for the digital library.

“Since the Bukit Mertajam Digital Library will be operated in our premises in Jalan Sri Bukit in Bukit Mertajam, we will need to obtain the necessary permits and approvals to upgrade and refurbish the existing premises.

“We are committed to establishing the digital library based on the guidelines given by CMI and continue to fund the maintenance of the building and hardware infrastructure,” he said.

Chow said that the Penang government has allocated a special grant of RM300,000 to be given to the Jit Sin School Union Bukit Mertajam to help them set up the digital library.

He said the upcoming digital library in Bukit Mertajam would be the sixth digital library in the state.

“And we hope it will continue to carry out the state government’s initiatives to promote and develop STEM (Science, Technology, Engineering, Mathematics) teaching and learning to position Penang as one of the leading centres of excellence in this field.

“After this MoU signing ceremony, Jit Sin School Union will have many tasks to complete, hence, I would like to urge all residents of Bukit Mertajam to provide their full support, including financial assistance, so that they can succeed in their efforts.

“Just like the existing digital libraries, this facility will be fully utilised in the future by students, professionals and citizens of the central Seberang Perai district; driving forward a smart and technologically-advanced ecosystem and community,” said Chow.

Source: Buletin Mutiara

Penang State Housing Board (LPNPP) will be organizing Penang Affordable Housing Expo (Home Ownership Campaign) from October 7 to 9 at Prangin Mall in George Town.

The expo will feature various affordable housing projects located in Penang Island and Mainland, including completed units under construction by PDC, SP Setia, Scientex, PLB Land, Prisma Bumiraya, MSummit, Hunza and many more!

Visitors will also have the chance to find out more information related to the application for affordable homes in Penang.

If you are looking for an affordable dream home in Penang, be sure to mark your calendar and plan a visit to Prangin Mall and join the Penang Affordable Housing Expo.

Date: 7 – 9 Oct 2022 (Fri – Sun)
Venue: Foyer, Prangin Mall (George Town)
Time: 10am – 8pm

The Queens Waterfront Sports Complex, a project by Ideal Property Group, is expected to play a key role in strengthening Penang’s sports development.

Spanning over a total development area of 9.94-acre of land off the popular Queensbay Mall, the project is expected to be completed in 2026.

The developer appointed to undertake the project is Ideal Gim Venture Sdn Bhd.

The sports complex is one of the four phases of development on the 36.53-acre freehold land there.

The other three phases are namely a resort-themed residential (Queens Residences) featuring a signature commercial area (waterfront alfresco), a Marina Bay, and an international school.

The residential phases, which have been completed, are called Q1 and Q2.

Meanwhile, Chief Minister Chow Kon Yeow, who was present to officiate the groundbreaking ceremony of the project, said sports have evolved into a universal language that has brought people together.

“In recent years, sports infrastructure has played a growing role in boosting the economies of developed countries.

“And this project will aim towards a similar goal, demonstrating that Penang has what it takes to level up and move forward to cater for a robust economic development.

“Also, once completed, this sports complex will offer multiple benefits to the local community, while also stimulating the socio-economic development of the state,” Chow said in his speech before officiating the ceremony in Bayan Lepas yesterday.

The sports complex will feature an open field, an outdoor beach volleyball court, a single-storey sports arena which will have basketball, karate, wushu and judo courts, a three-storey FINA standard aquatic centre that consists of an Olympic-sized swimming pool, a competitive diving pool and a warm-up pool, as well as a three-storey car park building.

Relatively, he also said the premises will become an ideal location to grow and develop local young talents into future athletes, and they can represent Penang at local and international events.

“Additionally, this world-class facility is also poised to host inter-state and international sporting events, which will undoubtedly boost our local tourism,” he added.

Upon completion, Chow said the project will be handed over to the state government.

This, he said, was in compliance with the permission granted a few years ago.

Although the expected cost to complete this project is not finalised, it was learnt that the facilities will be open for all.

Whether or not there will be any charges imposed, it will be informed in the later stages.

Among others present during the ceremony were state Youth and Sports Committee chairman Soon Lip Chee, state Entrepreneurial Development, Trade and Industry Committee chairman Datuk Abdul Halim Hussain, Pengkalan Kota assemblyman Daniel Gooi, Penang Island City Council (MBPP) mayor Datuk Yew Tung Seang and Ideal Property Group chief operating officer Datuk Goh Teng Whoo.

Source: Buletin Mutiara