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MBPP to issue RFP for Teluk Kumbar affordable housing and market complex projects

Property News/ 5 September 2021 No comments

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The Penang Island City Council (MBPP) will call for Request For Proposal (RFP) through build-operate-transfer (BOT) arrangement for a public market complex and an affordable housing project in Teluk Kumbar.

MBPP councillor Abdul Latif Mohamad, who is the council’s alternate chairman for housing development, said the RFP is for the planning, construction, management and maintenance of a public market complex and an affordable housing development on Lot 908, Mukim 9, Jalan Teluk Kumbar.

“The land area is 4.371 acres. The land was bought by MBPP in 2017 at a price of RM18.6 million.

“The main purpose of calling for RFP is to optimise development on land owned by MBPP in addition to upgrading public facilities and quality of life for residents in the area,” Abdul Latif told a press conference in Teluk Kumbar today.

He added that the implementation of the project would incorporate sustainable development goals which is also in line with the Penang2030 vision for a ‘Family-focused, Green and Smart State to Inspire the Nation’.

For that, he said MBPP would like to invite developers who are interested to make an RFP offer through BOT arrangement.

Abdul Latif added that the successful tenderer would be given the right to develop and sell the affordable housing units with a 99-year state lease.

He said the successful tenderer would also be required to build, manage and maintain a public market complex for residents in the Teluk Kumbar area.

He said a RFP advertisement would be out on Sept 6, the sale of the documents from Sept 7 and the closing date for submission is on Nov 8, 2021 (12 noon).

Also present at the press conference was MBPP secretary Datuk Addnan Mohd Razali.

Proposed project location

LOCATION MAP

Source: Buletin Mutiara

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10% discount if you buy affordable housing during pandemic

Property News/ 3 September 2021 5 comments /中文版

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Until 30 June 2022, those who are eligible to buy affordable housing (RMM) in Penang Island and Seberang Perai will enjoy a 10% reduction in selling price.

Elaborating further, state Housing, Town, Country Planning and Local Government Committee chairman Jagdeep Singh Deo said that State Government implemented the Home Ownership Campaign (HOC) with the aim of stimulating the Penang’s property sector affected by the COVID-19 pandemic thus providing opportunities to eligible Penangites. to have a more comfortable residence.

“RMM, for units with a built-up area of ​​850sq.ft to offer at the new price of a maximum of RM270,000.00 in Penang Island and RM225,000 per unit in Seberang Perai.

“If the developer wants to maintain the old price of RM300,000.00 in Penang Island and RM250,000 in Seberang Perai, the size must be increased to a minimum of 900 square feet,” he explained during a question and answer session at the Penang State Assembly here on 2 September 2021.

Apart from that, he also explained that housing developers are also required to provide various facilities for common use such as leisure areas, multi-purpose halls and reading rooms (if maintaining the old price).

He added that the State Government is also planning Rent-to-own (RTO) affordable housing scheme with a target of 22,000 residential units.

“To date, a total of 2,501 RTO units have been identified and offered periodically, most of which have been offered.

“The State Government will continue to look at other suitable projects to implement the RTO scheme to address the challenges in securing a loan for RMM Type A and B. This includes RMM at Mak Mandin and Murai Jaya,” he explained, adding that he is still discussing with relevant developers to also offer RMM type C under RTO scheme.

Earlier, Pengkalan Kota assemblyman Daniel Gooi raised a question on the State Government’s initiative to stimulate the growth of the housing development sector in Penang during the pandemic period.

He also asked the Exco to explain about the forms of assistance from the State Government offered to the people who wish to buy their first home, now.

Source: Buletin Mutiara

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Aspen Group Launches Vax to Win Campaign, with Amazing Prizes for Fully Vaccinated Malaysians

Property News/ 2 September 2021 No comments

Aspen's vax to win campaign

In conjunction with the 64th National Day, the Group today launched its nationwide Vax to Win Campaign to promote the Covid-19 vaccine amongst Malaysians. Prizes include a resort-inspired condominium and units of executive apartments as well as gift cards.

Aspen Group President and Group Chief Executive Officer Dato’ M. Murly said “vaccination is a silver lining in the storm of Covid-19. Vaccines are effective in preventing deaths and hospitalisation from Covid-19. Studies have also shown that vaccines significantly reduce the transmission of the virus. If the majority of Malaysians get vaccinated, we can achieve a degree of normality and recover from the Covid-19 crisis. We hope that our nationwide Vax to Win Campaign can help to drive up the national vaccination rate.”

Every fully vaccinated Malaysian in possession of their vaccination digital certificate is eligible to take part in this campaign.

“It is our way to recognise and reward Malaysians, who have come forward responsibly to get vaccinated and became part of the solution. We wish to make this year’s National Day a remarkable one for all Malaysians as we stand united to battle against this deadly pandemic,” said Dato’ M. Murly.

Encouraging Malaysians to get vaccinated, the Vax-to-Win campaign registration is open now until 31 March 2022 via www.VaxToWin.aspen.com.my.

Interested participants can register by uploading their digital vaccination certificate, answer a few simple questions and create a catchy slogan based on the theme “Emerging Stronger for The Nation” in no more than 20 words.

All Malaysians who meet the eligibility criteria are entitled to one (1) entry for the Vax to Win Campaign. More entries can be gained by purchasing Aspen Group’s properties. Existing purchasers with successful referrals can also gain more entries.

A live ballot will be broadcasted on Aspen Group’s Facebook page on 1st May 2022, to shortlist 28 participants who will be eligible for the prizes. The slogans submitted by these 28 participants will be evaluated by a panel of judges in accordance with the slogan evaluation criteria to determine the respective winners of the Grand prize, 1st – 3rd prize, 4th – 7th prize, and the consolation prizes. The winners of the Vax to Win Campaign will be officially announced on 8 May 2022.

The Vax to Win Campaign prizes are as below:

20 Consolation prizes:

  • RM10,000 IKEA gift card (x10 winners)
  • RM5,000 IKEA gift card (x10 winners)

To find out more about the Vax-to-Win campaign, its terms and conditions and eligibility, please visit www.VaxToWin.aspen.com.my.

For more information on Aspen Group’s ongoing programmes, kindly visit Aspen’s Facebook page www.facebook.com/myaspengroup or call Aspen at 1300 30 5000. Alternatively, you can find more information at www.aspen.com.my and www.aspenglove.com.my.

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First phase of Gurney Wharf is expected to complete by Q4 next year

Property News/ 2 September 2021 2 comments

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Work on the RM200.3 million Gurney Wharf project is expected to start in the fourth quarter of this year after delays in the project due to the Covid-19 pandemic and subsequent lockdowns.

State executive councillor Jagdeep Singh Deo told the Penang state legislative assembly today that the planning permission and building plan for the project was submitted to PLANMalaysia Seang on May 11 and July 15 respectively.

“The planning permission was approved on principle with minor amendments on July 12,” he said in reply to a question regarding the progress of the project by Lee Chun Kit (PH – Pulau Tikus).

The local government, housing and town and country planning committee chairman said the appointed consultants for the project have also submitted an application for approval of landscaping works on July 2 and this is still under consideration.

“The Public Works Department has been appointed as the superintendent officer on August 6 and as a technical adviser for the project since this is a fully funded state social project,” he said.

He said the consultants are preparing a tender document for the project and it is now being finalised.

“The open tender is expected to be called this month,” he said.

He said once the main contractor is appointed through the open tender, works will start by the fourth quarter of this year.

The construction period of the project is expected to take about three years but the state has also added a conditional one year as the defect liability period until the fourth quarter of 2024.

“The whole project is fully funded by the state government at an estimated cost of RM200.3 million,” he said.

The project is divided into two phases where phase one is made up of a children’s playground, a skate park, a viewing deck, public toilets, a promenade, hawker kiosks, retail area, convenience stores, surau, refuse centre, a multilevel carpark and a recreational and landscaped park.

Jagdeep said phase one of the project is expected to complete by the fourth quarter of 2022 when it will be open to the public.

As for phase two, he said it consists of a portion of the landscaped and recreational park, additional hawker kiosks, public toilets, carparks and a drainage and irrigation system that is expected to complete by the fourth quarter of 2023.

The state appointed seven consultants that included architects, engineers and an environmental consultant to manage the project.

The Gurney Wharf project is located on a 40 acres site of reclaimed land on the Gurney Drive foreshore.

It is part of the total 131.09 acres of reclaimed land off Gurney Drive that was handed over to the state government progressively.

Reclamation works along the Gurney Drive foreshore started in 2016 and reclamation of 131.09 acres (53ha) of land was completed in September 2019.

The reclamation work was conducted in accordance with a concession agreement signed between the Penang state government and Tanjung Pinang Development Sdn Bhd (TPD), a subsidiary of Eastern & Oriental Berhad.

Under the agreement, TPD was to reclaim the land at its own cost and handover 131.09 acres of reclaimed land along the Gurney foreshore to the state government by December 2022.

In earlier news reports, Penang Chief Minister Chow Kon Yeow had said the Gurney Wharf project was expected to cost RM176 million.

Source: MalayMail.com

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