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SITE PROGRESS: Mezzo @ The Light City (Nov 2022)

Property News/ 13 November 2022 No comments

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About Mezzo @ The Light City

The first residential project at The Light City – a large-scale 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 comprises two 34-storey residential towers, featuring 456 seaview condominium units with various built-up sizes.

(Photos taken in Oct 2022)

Find out more about Mezzo @ The Light City

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Island Hospital opens its new Peel Wing

Property News/ 12 November 2022 No comments
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Source: Buletin Mutiara

Island Hospital has officially opened its new Peel Wing, adding 14 operating theatres and 300 beds.

Besides making it the state’s first 600-bed private hospital, the 12-storey block is also equipped with the latest infrastructure for advanced and comprehensive healthcare services.

This includes personalised health screening, comprehensive care in oncological therapies, advanced minimally-invasive general and cardiothoracic surgery, robotic-assisted surgeries, AI-guided rehabilitation and renal transplantation.

There is also Nuclear Medicine imaging with the Siemens Biograph mCT PET/CT scanner, and radiotherapy and stereotactic radiosurgery using the Varian TrueBeam system with HyperArc. Also notable is the Rehabilitation and Physiotherapy centre’s DAVID Solution, an AI-guided physical and cardiac rehabilitation system.

Dentistry also debuts at the Peel Wing, joining the Dialysis, Gastroenterology and Endoscopy, Health Screening, Internal Medicine, Rehabilitation and Physiotherapy, Ophthalmology, Plastic Surgery and Clinical Oncology departments which have been relocated over from the hospital’s original building, now called the Macalister Wing.

CEO Mark Wee said the opening marks the metamorphosis of Island Hospital into Island Medical City, a large public-private partnership between the state government and the hospital to help realise a shared vision of making Penang the ‘Medical City of Asia’.

Future phases include a further block dubbed the Peirce Wing that will take overall capacity up to 1,000 beds, as well as a hotel catering to the medical tourism market.

“It is not widely known, but in 2019, one out of every five Indonesian healthcare travellers to Malaysia were treated at Island Hospital.

“At the state-level post-pandemic, numbers have bounced back and we now account for over half of all healthcare travellers to Penang,” Wee added in the ceremony on Friday morning (Nov 11).

In his launching address, Penang Chief Minister Chow Kon Yeow said such projects create a multitude of opportunities for locals, particularly in upskilling healthcare workers and support personnel, while bringing immense spill-over benefits to the economy.

“Penang commands 61% of the country’s entire medical tourism revenue. According to data provided by the Malaysia Healthcare Travel Council (MHTC), this amounts to RM567mil in direct healthcare spending alone.

“In 2023, it is also estimated that healthcare travellers’ spending will exceed RM2bil from upstream and downstream activities in the hospitality, services, retail and transport sectors,” Chow said.

Chow later joined Wee, former Penang Chief Minister Lim Guan Eng, Deputy Chief Minister II Dr P. Ramasamy, Penang Chinese Chamber of Commerce executive advisor Tan Sri Tan Kok Ping and the hospital’s directors in the launching gimmick, which was then followed by a lion dance performance

Source: TheStar.com.my

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Flash floods hit 34 areas of Penang after heavy rain

Property News/ 11 November 2022 No comments
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Source: Facebook

Flash floods were reported in 34 areas of mainland Penang, especially in housing estates, after heavy rain since 5pm. Three general election candidates have suspended campaign activities.

Photographs posted by social media users showed streets and driveways awash in about 30cm of water, while flood water entered some houses.

Police said a temporary evacuation centre was opened at the True Light Chinese primary school in Juru Village at 9pm to accommodate flood victims.

“Currently the authorities involved are moving the flood victims involved to the PPS and the actual number of those who have been moved is yet to be known,” he said when contacted by Bernama tonight.

The areas around Seberang Perai Tengah affected by the flash floods are Alma, Bukit Mertajam, Machang Bubok, Desa Damai and Taman Impian.

State executive councillor Phee Boon Poh said at least 23 areas, especially housing estates around Bukit Mertajam, were inundated.

The affected areas include Taman Tenang Berapit, Taman Seri Janggus Machang Bubok, Desa Damai, Kampung Baru Alma, Taman Impian, Taman Sukun, Taman Mango, Taman Sentul Kampung Dock and Taman Sejahtera.

Affected areas of Seberang Perai Selatan included Valdor Farm, Pekaka Park and Jawi.

Phee said the state government and the authorities were monitoring the situation and follow-up action would be taken if the rain continued into the night. “There is concern that the floods will get worse,” he said.
The Machang Bubok weather station recorded 102mm of rain at 5.30 pm, almost double of what is considered heavy rain.

Steven Sim, the PH candidate for Bukit Mertajam, who was away helping the campaign in Johor, said he would be returning to his constituency. He said state assemblymen in Seberang Perai have been going down to the ground.

Barisan Nasional candidate Tan Yang Pang said he suspended all campaign activities from 5pm. “We have been on the ground helping the people there. The former MP is busy campaigning in Johor,” he said.

Perikatan Nasional candidate Steven Koh said he had called off his ceramah this evening and was now helping victims in Bukit Teh.

Source: FreeMalaysiaToday.com

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ATTA Global to acquire 3 land parcels in Batu Maung

Property News/ 11 November 2022 1 comment /中文版

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Steel products manufacturer and trader Atta Global Group Bhd plans to acquire three sea-fronting parcels of land in Batu Maung, Penang, for RM28 million with an eye to scale up its property development segment.

In an exchange filing yesterday, Atta said the proposed purchase will be paid with the issuance of new company ordinary shares.

Its wholly owned subsidiary Park Avenue Construction Sdn Bhd has entered into three separate conditional sale and purchase agreements with Limbo Ngan Batu Maung Sdn Bhd and Utopia Span Sdn Bhd for the three land parcels totalling 260,988 sq ft (24,247.57 sq m).

The land is situated at the south-eastern portion of Penang Island, which abuts onto the sea (South Channel) in the locality of Batu Maung, providing Atta with the flexibility to undertake a mixed property development project in the future, if it decides to do so, according to the filing.

To reduce over-relying on the manufacturing segment, the company said the proposed acquisition is part of its expansion plan to increase its landbank at strategic locations with growth potential, to scale up its property development segment portfolio, enhance the segment’s weightage among its existing operating business segment, and securing an additional revenue stream for the future.

Atta is principally involved in the iron and steel industry in upstream and downstream sectors of the process of shearing, re-shearing, slitting of steel coil, slitted flat bars, steel roofing, wall cladding structural floor decking, manufacturing and marketing of perforated metal, cables support, systems and screen plate, steel furniture and the industrial recycling of scrap metal.

Its other businesses include the letting of industrial and commercial assets, provision of management consultancy, property development, construction and property investment sector.

The land under consideration is situated about 18km southwest from Komtar in Georgetown, 10km to the south-east of the town centre of Bandar Bayan Baru, 1.8km to the south of Sultan Abdul Halim Muadzam Shah bridge (Second Penang bridge) and 8km east from the Penang International Airport. The immediate neighbourhood is mainly residential in nature with pockets of hilly lands and coastal lands.

Source: The Malaysian Reserve

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ASE breaks ground on new chip assembly and testing facility in Penang

Property News/ 10 November 2022 No comments

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Leading outsourced semiconductor and assembly and test (OSAT) player, Advanced Semiconductor Engineering, Inc. has embarked on the construction of a new semiconductor assembly and testing facility at ASE Malaysia (ASEM) in the Bayan Lepas Free Industrial Zone.

The new facility, with a built-up area of 982,000sq ft, will comprise two buildings (Plants 4 and 5).

According to the media release, ASEM will be investing US$300 million over the next five years to expand its production floor space, procure advanced equipment, and train and develop more engineering talent.

“The new facility announced today is scheduled to the completed in 2025 and will create 2,700 additional job opportunities for the local market,” the statement read, adding that the company hosted a groundbreaking ceremony today.

The media release also stated that high-demand packaging product types, which include, copper clips and imaging sensors would be the core focus of the new facility.

“Green construction methods that emphasise ecological balance, conservation, and resource recycling and reuse will be adopted for the new building. This further demonstrates ASE’s commitment to sustainable development and environmental protection.

“As the leading OSAT player, ASEM has been serving major semiconductor companies that supply advanced chips in consumer, communication, industrial and automotive applications since 1991,” it stated.

ASE Southeast Asia president Lee Kwai Mun said the investment announcement demonstrated ASE’s confidence in the regional stability of Penang and its business-friendly policies that are conducive to foreign investments.

“A major factor influencing our investment decision was the availability of a diverse and skilled talent pool in Penang, honed over the years from concerted government and industry efforts to develop a robust and skilled workforce.

“The depth of knowledge required in management skills and technical know-how are critical to ASE’s growth in a fast-paced and high-tech industry,” he said.

In a statement, Chief Minister Chow Kon Yeow said it was heartening to see investors like ASE expanding their footprint in the state, anchoring Penang’s position as the global semiconductor hub.

“Penang’s commendable performance has greatly demonstrated the state’s sustained excellence as the Silicon Valley of the East.

“Above that, I am pleased to note that our conducive environment enables the adoption of sustainable practices by ASE,” he said.

Source: Buletin Mutiara

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