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Site offices for PSI project to use renewable energy

Property News/ 21 April 2022 No comments

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In line with the commitment to build an ESG- (environment, social and governance) compliant Penang South Islands’ (PSI), the project’s site offices will strive to use renewable resources to meet their operational needs.

SRS Consortium deputy project director Azmi Mohamad said the Marine Operation Control Centre (MOCC) in Batu Maung was only the first PSI project office to be fitted with solar panels, and more would follow.

MOCC will monitor vessel movements around the PSI site during reclamation.

“As the project progresses, we also plan to use solar power at Pusat Perkhidmatan Setempat Nelayan (PPSN) Permatang Damar Laut, and the future project office in Batu Maung, where management and administrative staff will be based.

“This is in line with our commitment to building a low-carbon development and support efforts to become more climate resilient. We must walk the talk, even in our non-construction activities,” he said in a statement released by Penang Infrastructure Corporation (PIC).

SRS Consortium and PIC were earlier reported to be entering a joint venture to reclaim Island A, one of the three islands under the PSI project.

PSI is being master planned according to recommendations of the Green Plan and Low Carbon Cities Framework that aim to reduce greenhouse gas emissions.

The MOCC’s solar panels, which were installed on April 15, just a week before Earth Day on April 22, will generate 11.83 kWp (kilowatts peak) to power the centre’s operations.

Azmi said based on an estimated power demand of 10kW for 12 hours per day, the solar panels would help the MOCC reduce 12 tonnes or 40% carbon emissions a year, in line with the National Physical Planning Council’s recommendation to build a low carbon development to address climate change.

“The materials that make up this solar power system can last up to 30 years. We believe that investing in solar power is worth the time and effort.

“Most importantly, we can significantly reduce greenhouse gas or carbon emission from energy that comes from burning fossil fuels in the long run,” Azmi said.

According to the PIC statement, the project is also looking at introducing solar-powered streetlights for the MOCC in the future. For now, the PPSN offices in Permatang Damar Laut, Sungai Batu and Gertak Sanggul are already using them.

Apart from using solar power, the MOCC and PPSN Permatang Damar Laut are also using rainwater harvesting systems to collect water for cleaning and landscaping.

In the future, both initiatives will be adopted at other project premises, alongside eco-friendly energy-saving lighting, air conditioning (inverter) and ventilation systems; and water-saving faucets and flush system.

Source: Buletin Mutiara

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

Property News/ 20 April 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 on Mar 2022)

Find out more about Mezzo @ The Light City

Register your interest here and we will keep you updated.

(This information will be used to keep you updated on the project and future development.)
*By submitting this Form, you hereby agree to our PDPA Consent Clause.

Butterworth Arena

Property News/ 19 April 2022 3 comments

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The construction of the largest banquet hall in Seberang Perai or known as Butterworth Arena is expected to be completed in September this year!

Located in Ampang Jajar, Butterworth Arena is a five-star banquet hall! It is an initiative of the Penang state government through the Penang Development Corporation (PDC) with a total cost of RM59 million.

When completed, Butterworth Arena will be equipped with various types of facilities and amenities such as three ballrooms that can accommodate a total of 360 tables, a stage and four function rooms, two separate kitchens, 600 parking spaces, 400 parking lots for motorcycles and more.

The banquet hall will also play an important role in stimulating the economy and tourism activities in Seberang Perai and the surrounding areas through the organization of various programs such as conferences, exhibitions, wedding receptions and more.

 

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Bayu Residence

Butterworth/ 18 April 2022 1 comment

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Bayu Residence, a freehold strata residential development by Freehold Profile Sdn. Bhd. in the heart of Butterworth. Strategically located along Jalan Ong Yi How, right opposite SMK Bagan Jaya. It is just a mere minute drive to Mak Mandin Industrial Estate, surrounded by an abundance of essential amenities including banks, popular eateries, hypermarket, hospital, schools and more.

This development comprises 18 units of 3-storey townhouses and a 12-storey condominium with 3-level car park podiums. The condominium will offer 113 residential units with built-up size ranging from 1,618sq.ft. up to 1,825sq.ft. Facilities include a swimming pool, gymnasium, conference room, squash arena, multipurpose hall and a few others.

Project Name : Bayu Residence
Location :
 Butterworth
Property Type : Residential
Total Units: 113 (condo), 18 (townhouse)
Built-up Area: 1,618sq.ft., 1,722sq.ft, 1,825sq.ft. (condo)
Indicative Price: (to be confirmed)
Developer : Freehold Profile Sdn. Bhd.

Register your interest here

(This information will be used to keep you updated on the project and future development.)
*By submitting this Form, you hereby agree to our PDPA Consent Clause.

Location Map:

 

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.

i-Biaya to help increase home ownership among M40 and B40

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The government will assist low-income families to have their own homes through the Malaysia Housing Financing Initiative (i-Biaya) which was launched two days ago.

Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz (picture) said the government is aware that individuals with no fixed income or payslip would face difficulties in purchasing a house.

i-Biaya is a component under the Home Ownership Programme which focuses on the housing ecosystem including the provision of homes as well as other related policies.

He added that under the Skim Rumah Pertamaku, a total of 67,000 families have owned their first homes as at February.

“The scheme has helped them with total financing amounting to RM14.8 billion where more than 90% came from the bottom 40% income group (B40) while in terms of age, 92% of them are 35 years old and below.

“The scheme is expected to benefit 25,000 applicants from the B40 and middle 40% income group (M40) this year with estimated financing of RM5.9 billion,” he said during the launch of i-Biaya yesterday.

Meanwhile, in his presentation of the 92nd People’s Financial Report via Facebook live yesterday, the minister said i-Biaya was launched to facilitate the public’s process of owning a home.

“I hope with this initiative, it would enable people to own a house in line with the national housing policy which underscores affordable housing for low-income groups,” he added.

The report highlighted financial assistance for teenagers aged 18 to 20 as well as fulltime students under the Transaction Scheme Without Cash, called e-Pemula.

Under the initiative, eligible recipients within the specified group will receive RM150 in the form of e-cash. The government has allocated RM300 million for e-Pemula.

“This initiative is aimed at reducing their financial burden and encouraging cashless spending at physical stores.

“We have chosen to prioritise cashless transactions at physical stores to support local businesses because online purchase does not necessarily mean the items are bought from local sellers.

“It is our responsibility to support the local economy especially since we are rising from the fallout of Covid-19,” he said.

Claims can be made starting April 11 until June 1, 2022, and the amount can be utilised until June 10, 2022.

The ministry will also launch good governance principles for government-linked investment companies (GLICs) today.

Tengku Zafrul said the principles will be the main reference and guidelines for good governance that should be adopted by GLICs.

“The preparation of this guideline takes into account and integrates standards of practice and discussions related to public and corporate governance at the national and global level,” said the minister.

On taxes, Tengku Zafrul reminded the public that there are various tax-related initiatives that the government has in store such as the extension of tax deduction on renovations up to RM300,000 to support compliance to the standard operating procedures.

Among other tax initiatives include the postponement of instalment payments of income tax and special tax reduction on rental cuts.

Source: TheMalaysianReserve.com 

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