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PIA multi-storey carpark is expected to open soon

Property News/ 8 March 2022 1 comment
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Image source: Google Street View

Penang International Airport’s (PIA) multistorey carpark is expected to open to the public sometime this month.

State infrastructure and transport committee chairman Zairil Khir Johari said he was informed by Malaysia Airports Holdings Bhd (MAHB) that the carpark construction was already 99% completed.

The carpark, which has 2,200 bays, was originally slated for completion in May last year and was supposed to have been completed at the end of 2021.

When contacted by TheStar last week, Zairil said: “MAHB expects to open the carpark for public use this month”.

He said the delay was due to MAHB facing issues in its software system installation.

Despite the delay in the carpark’s construction, the building cost remained the same at RM70mil, he said.

It was built on the site of an existing open-air carpark, which had 650 bays.

During construction, parking bays were severely limited and scattered around the airport compound.

The construction of the carpark was part of the PIA expansion project that was mooted in 2008.

However, the expansion work came to a standstill when the government put on hold proposals to build new airports and upgrade existing ones until the aviation sector recovers from the Covid-19 pandemic.

Last Oct 5, Transport Minister Datuk Seri Dr Wee Ka Siong said upgrading works at the PIA, which were being carried out by MAHB, would be postponed, with the government currently resolving several issues including land acquisition.

In a March 27, 2021, report in The Star, then MAHB chief executive officer Datuk Mohd Shukrie Mohd Salleh said based on the Penang Airport Masterplan by MAHB, the PIA would have the capacity to take in 25 million passengers a year in 30 years’ time.

The 87-year-old airport has undergone several infrastructure expansion over the years, the first starting in 1977.

It was fully operational in 1979 with the capacity to accommodate 1.5 million passengers.

It was later expanded and upgraded in 1998 to accommodate 3.5 million passengers, and up to 6.5 million passengers in 2013.

At present, the four-phase PIA expansion project is on hold, pending finalisation of the National Airport Strategic Plan (NASP).

The NASP study on airport development is expected to be completed in 2023 in line with the National Transport Policy.

Source: TheStar.com.my

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ams Osram expanding in Batu Kawan

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A global leader in optical solutions, ams Osram (formerly known as Osram), is expanding its presence in Penang. The company has selected a 60-acre site at the Penang International Technology Park (PITP), Batu Kawan, for its expansion.

ams Osram vice-president Glen Brownlie said the company was delighted to announce its partnership with InvestPenang and Penang Development Corporation (PDC) to develop the 60-acre greenfield land in Batu Kawan.

“Here, we will create a state-of-the-art campus. It will be home to cutting edge manufacturing facilities as well as a research and development (R&D) centre to design and develop the next generation of highly integrated optical solutions.

“Our campus will be green and clean, and a flagship facility that is visible to those arriving in Penang through Batu Kawan.

“The development of the site involves significant capital and commitment for both the purchase of the land and the construction costs which will add to the over RM5 billion that we have so far invested in Bayan Lepas over the last five decades.

“More details of the actual investment figures will be available later after we finalise our detailed plan,” he told the media during the investment announcement ceremony at PDC in Bayan Lepas today.

Brownlie said the company was among the first to set up in Penang 50 years ago.

“Along with several other ambitious corporations, we were the pioneers – the Eight Samurais – as we have been affectionately coined, who saw Penang for what it could be.

“Throughout the past five decades, and with the cooperation and support of the Penang government and agencies, we have grown from strength to strength.

“Our success has matched the success of the state. We have grown together,” he said.

Brownlie also said that the company has about 6,000 employees in ams Osram Malaysia.

“Within those 6,000 employees, we have about 350 R&D dedicated engineers, currently based in Bayan Lepas, Penang.

“The goal is to bring R&D into Asia and Malaysia. One of the reasons why we chose to stay and partner with Penang is the talent availability.

“Penang can attract talent and that is something that is not so common. We know that we can bring in talent and we can develop talent.

“We have some very good local universities here. We have the Penang Skills Development Centre (PSDC).

“It is a constant challenge to get talents, but I think the industries in Penang is doing a good job. And the people here are very strong,” he said.

Chief Minister Chow Kon Yeow said the construction of the new ams Osram campus was scheduled to begin in the second quarter of this year and is expected to be completed by the end of next year (2023).

“With ams Osram’s 50 years of presence here, this investment is indeed a strong testimony for Penang as a sustainable location for high-quality investments.

“ams Osram has witnessed, participated and contributed to the state’s industrialisation journey, transforming Penang into the Silicon Valley of the East.

“I believe that our robust industrial ecosystem, strong talent pool and conducive business environment are among the key factors for ams Osram to deepen its roots and widen its product portfolios in Penang,” Chow said.

Chow said the global optoelectronic components market is estimated to reach over US$61 billion by 2028, versus the US$42 billion market size in 2021, according to Vantage Market Research.

“I am glad that the merger between ams and Osram in March 2021 has rendered us with great opportunities to further cement Penang’s position in the global optical solutions market.

“ams Osram’s expansion plan is aligned with the state government’s direction in utilising the resources to their fullest potential.

“Repurposing our existing assets is one of the state’s multi-pronged, long-term strategies to create a positive and sustainable impact to the industry development, high-value job creation and talent attraction,” Chow said.

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Source: Buletin Mutiara

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SITE PROGRESS: Taman Riang (Mar 2022)

Property News/ 7 March 2022 No comments

taman-riang-site-progress-mar2022

 

About Taman Riang

A small landed residential development by Airmas Group at Butterworth. Located on a 1.5-acre land near the ever-bustling Jalan Raja Uda, it is less than 4km away from Penang Sentral and Butterworth ferry terminal. It features 18 units of 2-storey terrace houses with a built-up size of at least 1,600 sq.ft. Each unit will come with 4 bedrooms and bathrooms.

(Photo taken in Feb 2022)

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SWNK Houze @ BBCC – KL City’s most convenient and connected serviced residences

Property News/ 7 March 2022 No comments

PRESENTING SWNK HOUZE, KL city’s most convenient and connected serviced residences. Located within BBCC, it is the only 3 rail-linked integrated development and only a minute’s walk to the first Mitsui LaLaport Mall in Southeast Asia and also KL’s longest gourmet street.

Register now to enjoy the early bird package.

Call +603 2117 2255 or WhatsApp EcoWorld at https://wa.link/g0w6oh to find out more.

(Sponsored)

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Prospective buyers no longer need a payslip to apply for a PR1MA housing loan

Property News/ 5 March 2022 No comments
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PR1MA project in Penang. Now completed and fully booked. (Source: Facebook)

Prime Minister Datuk Seri Ismail Sabri Yaakob announced yesterday that the self-employed can now apply for loans for the Perbadanan Pr1ma Malaysia Berhad (PR1MA) housing scheme through the Housing Credit Guarantee Scheme (SJKP).

He said SJKP — which is fully owned by the Ministry of Finance — allowed greater flexibility for young people interested in buying their first home as it did not have the stringent requirements of conventional home financing, and therefore, would benefit entrepreneurs as well as gig economy workers.

“This effort is in line with the announcement made during Budget 2022 last year where a total of RM2 billion was allocated to SJKP to implement this mandate,” he said during his visit to Residensi Larkin Indah here yesterday.

“This proves the government’s commitment to seeing Malaysian families gain access to housing financing such as PR1MA more easily and widely.

Ismail Sabri also said that Residensi Larkin Indah buyers would be the first to be offered this form of financing before it was expanded to other PR1MA projects.

Also present at the event were Housing and Local Government Minister Datuk Seri Reezal Merican Naina Merican, Federal Territories Minister Datuk Seri Shahidan Kassim and PR1MA chairman Fathul Bahri Mat Jahya.

PR1MA is a government-owned corporation that aims to plan, develop, construct, and maintain high-quality housing for middle-income households in key urban areas and sell it to first-time Malaysian buyers.

Source: MalayMail.com

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