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RM300 million tuna port planned in Penang to revive industry’s glory days

Property News/ 12 August 2025 No comments

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The Penang government plans to build a new tuna and deep-sea fishing port in the state, which meets international standards, to increase tuna landings.

State Agrotechnology, Food Security and Cooperative Development Committee chairman Fahmi Zainol said the government has identified an area in Bagan Ajam for the new tuna port and discussions are already underway.

“The state has earmarked land in Bagan Ajam for the development of the new port, with an estimated development budget of RM150 million to RM300 million.

“We are currently in talks with several investors for funding,” he said.

He added that, based on the timeline, the port could be completed within one-and-a-half to two years, pending technical approval from the District Land Office and other relevant agencies, as well as private sector allocation.

“We hope the new port can revive the glory days of Penang’s tuna industry, much like the 1990s,” he told Bernama today.

Fahmi highlighted several benefits of the new port, including its exclusive focus on tuna fishing, meaning tuna vessels will not have to compete for docking space with commercial ships.

The port will also offer lower charges, as it will not operate on a commercial basis.

Regarding competition, he said that tuna ships would not need to compete for docking space because the new port would be dedicated solely to tuna landings.

It is expected to attract foreign tuna ships due to its user-friendly facilities.

The new port will meet European Union (EU) standards and will include special facilities tailored specifically for tuna fishing, unlike existing ports, which offer general facilities and lack focus on tuna landings.

“According to preliminary data from the Malaysian Fisheries Department, the total tuna landings in Penang last year were 431,000kg, valued at RM7.758 million.

“The main landing point is currently the Butterworth deep-water wharf,” Fahmi said.

He also noted that Malaysian vessels had landed tuna in Mauritius last year, with a total of 4,295,758kg of tuna, including 3,749,478kg from local vessels.

So far this year, the total tuna landings in Penang, including foreign vessels, have reached 1,445,120 kg, with an estimated value of RM26 million.

Fahmi believes that with the dedicated tuna port in Bagan Ajam, tuna landings could increase by 30 to 50 per cent within five years of its operation.

He also envisions Penang becoming a tuna processing hub, where foreign vessels can land their catch for processing before exporting it to Taiwan or Japan.

Source: Bernama

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Redefining Industrial Space: Introducing Nexus Industrial Hub by Bionic Land

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Nexus Industrial Hub by Bionic Land is located in Jawi, Nibong Tebal, Penang, particularly near Sungai Bakap and Batu Kawan. This is a visionary development poised to redefine the future of industrial spaces, offering freehold industrial development. This industry is designed as a strategic hub for emerging economy industries, providing versatile and well-integrated solutions for businesses and enterprises.

The industrial development consists of exclusivity of 40 units 2-storey semi-detached light industrial features a modern appearance and is thoughtfully designed to cater to various industrial needs, including warehousing, logistics, manufacturing, and hybrid office-industrial setups. The units offer flexible and scalable space, making them ideal for Small and Medium-sized Enterprises (SMEs), start-ups, and e-commerce businesses.

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The NEXUS INDUSTRIAL HUB incorporates several key design features to enhance operational efficiency and employee well-being, including natural daylight to maximise productivity and potentially reduce energy costs, wider internal roads for smooth truck manoeuvring and reduced operational delays, and multi-point entry at the front, side, and rear for efficient loading and unloading.

Furthermore, the unit’s high ceilings are suitable for automation or mezzanine use, substantial loading capacity is designed for safety and efficiency, specialised power supply tailored to meet industrial specifications and multiple layout options to fit varied business needs.

The industry development features three distinct unit types – Type A, Type B and Type C – each with varying build-up and land sizes to accommodate diverse business scales. Specifically, Type A comprises 19 units with a build-up of 5,465 sq.ft. and a land size from 9,310 sq.ft.; Type B offers 20 units with a build-up of 4,998 sq.ft. and a land size from 8,797 sq.ft.; and Type C includes 1 unit, a substantial build-up of 8,172 sq.ft. and a land size of 13,858 sq.ft., with each unit type featuring dedicated warehouse or production components on the ground floor and office components on the first floor.

The Nexus Industrial Hub boasts a prestigious and well-connected location offering unparalleled accessibility through direct access to the North-South Expressway and proximity to Penang Second Bridge and Penang First Bridge, ensuring effortless access to local talent, established enterprises and global industries. This strategic positioning in a fast-growing industrial corridor and its proximity to essential amenities like commercial, retail, banking, healthcare facilities and also significant industrial zones such as Valdor Industrial and Batu Kawan Industrial Park present a significant investment potential with higher rental yields and strong prospects for long-term capital appreciation.

For more information or enquiries:

BIONIC LAND SALES GALLERY
20-G, Jalan Vervea 9, Bandar Cassia, 14110 Batu Kawan, Penang. [Google Map]
Sales Hotline: +6012-489 0668
WhatsApp: https://wa.link/ddj4wd
Email: sales.my@bioniccorp.com

Register your interest here

*By submitting this Form, you hereby agree to our PDPA Consent Clause.
(This information may be used by the developer or their appointed agent to initiate follow-up communications with you on the project.)

SITE PROGRESS

SITE PROGRESS: Maldives Residences (Aug 2025)

Property News/ 9 August 2025 No comments

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About Maldives Residences

A residential development by Ideal Property Group at Bayan Lepas. Strategically located along Jalan Sungai Tiram 6, just across the road from Havana Beach Residences. It is conveniently connected to Jalan Tun Dr Awang, less than 2km away from Penang International Airport. This development comprises 46-storey building with 4 residential towers. It features a mix of affordable and upgraded units, with a built-up size of 850sq.ft. onwards.

Find out more about Maldives Residences

Subscribe here for updates on this project and other property news

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SkyWorld acquires 26.4 acres of land in Penang for modular housing factory

Property News/ 8 August 2025 No comments

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SkyWorld Development Berhad, has entered into a sale and purchase agreement to acquire four adjoining parcels of freehold lands in Seberang Perai Tengah, Penang for RM82.7 million through its 70% indirect subsidiary, Prefab Master (Penang) Sdn. Bhd.

Spanning a combined area of 26.4 acres, the lands will be used to develop a factory to manufacture prefabricated and prefinished modular systems, supporting the joint development projects in Penang undertaken by SkyWorld Development in partnership with The Penang Development Corporation and PDC Properties Sdn. Bhd.. As a recap, a joint development agreement was executed in December 2024 to collaboratively develop over 35,000 affordable housing units under the newly announced Rumah Bakat MADANI schemes. These homes, priced between RM225,000 and RM420,000, aim to enhance housing accessibility for the B40 and M40 segments.

The factory, strategically located approximately 12 km and 15 km from the development sites in Batu Kawan and Seberang Jaya respectively, is well-supported by established infrastructure, excellent accessibility and proximity to amenities. This strategic location enables seamless delivery of the modular systems to both development sites. Slated to be operational by second half of 2026, the factory is expected to give SkyWorld Development a competitive edge in pursuing large scale development projects in the future by leveraging its manufacturing capabilities and streamlined supply chains.

The acquisition will be funded via a combination of internally generated funds and bank borrowings. Barring any unforeseen circumstances, the acquisition is expected to be completed within three months from the date of the sale and purchase agreement.

Commenting on the acquisition, SkyWorld Development Chief Executive Officer Lee Chee Seng said, “The acquisition of these lands to build a new PPVC modular systems manufacturing factory marks a significant milestone for the Company. It not only establishes our foothold in modular systems manufacturing but also supports the growing pipeline of our affordable housing across the northern region. Inspired by our partner Teambuild’s success in delivering large-scale HDB’s (Housing & Development Board) projects in Singapore, we aim to replicate that proven success here in our homeland.”

Lee further added, “The economies of scale reaching over 35,000 units of affordable homes allows the factory to achieve optimal efficiency in production and cost. This paves the way for scaling up our Penang projects, while ensuring accelerated and consistent execution across large-scale projects, creating a sustainable competitive advantage that delivers long-term value to all stakeholders.”

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Jalan Sultan Azlan Shah flyover to close temporarily for maintenance on 10 August

Property News/ 8 August 2025 2 comments

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The Penang City Council (MBPP) will temporarily close the flyover along Jalan Sultan Azlan Shah this Sunday, 10 August 2025, to carry out essential maintenance and cleaning works.

The closure is scheduled from 7:30 AM to 12:30 PM and will affect both lanes of the flyover, covering the stretch between Tapak Pesta Sungai Nibong and Bayan Baru.

Road users intending to travel along this route during the closure hours are strongly encouraged to use alternative roads to minimise traffic disruption.

MBPP thanks the public for their understanding and cooperation, and assures that efforts will be made to complete the work as quickly and efficiently as possible.