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Pan Island Link to be built in phases, second highway in pipeline

Property News/ 30 March 2021 4 comments

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Penang will construct the Pan Island Link 1 (PIL1) in phases starting with a 2.4km stretch in Bayan Baru, said state exco Zairil Khir Johari.

The infrastructure and transport committee chairman said the first phase of the PIL1 is to connect Jalan Tun Dr Awang to Lebuhraya Tun Dr Lim Chong Eu at the Free Industrial Zone (FIZ) 4.

“With this part of the alignment built, it will reduce the congestion at Jalan Tengah, Jalan Baru and around the FIZ area,” he said.

He said the overall length for PIL1 was 19.5km and will link Gurney Drive to the FIZ 4 area.

The project received its environmental impact assessment (EIA) approval from the Department of Environment on April 10, 2019, he said.

“The EIA approval was further extended for another two years to April 10 of 2022,” he said.

The state government has also planned for a Pan Island Link 2A, which is the main link between the reclaimed islands of Penang South Reclamation (PSR) and the main island, he said.

“The proposed PIL2A is a 5.3km viaduct to improve traffic flow around PSR and so as not to impact the traffic flow in the area,” he said.

He said Island A of the PSR project will take between six and nine years to be fully reclaimed.

Zairil said the reclaimed land will then be sold to fund the state’s Penang Transport Master Plan (PTMP).

The reclamation for island A is a joint venture with the project delivery partner of the project, SRS Consortium that will have a 70-per cent stake while the state will own 30 per cent stake but without financial risks.

“SRS will bear all investments, financial risks and financing of the reclamation,” he said.

He said 100% liability for the corporate guarantee is on Gamuda Holdings, the main shareholder of SRS Consortium, which must bear all risks for any arising issues.

“The reclaimed land will not be in caveat to the bank,” he said in reply to a question raised by Kebun Bunga assemblyman Jason Ong.

He admitted that there might still be some risks involved for the project but stressed that it is minimal through the instrument that was agreed with SRS.

SRS is a massive reclamation project to reclaim three islands off the southern coast of Penang island to fund the RM46 billion PTMP.

Zairil said the reclamation for Island A would cost billions and the state could not afford it, thus the need for the JV with SRS.

He said the project will be based on a smart city concept and will be able to create 300,000 job opportunities by 2050 while creating more green area for commercial, housing and tourism projects.

He said PSR is yet to be started as the state is still awaiting Environmental Management Plan (EMP) approval.

“We are expecting a reply from DoE on the decision for the EMP approval soon,” he said.

Separately, he said Bjarke Ingels Group (BIG) is now preparing the Detailed Masterplan Design and Urban Design Guideline for the project and is expected to be finalised in May 2021.

Planning permission for reclamation works of Island A of the PSR from PLANMalaysia was already approved on March 3 this year, he said.

“We have submitted the application for planning permission for the top side of the reclaimed land was submitted to PLANMalaysia on January 12 and distributed to 31 relevant government departments and agencies,” he said.

He said PLANMalaysia is expected to give briefings to the Technical Planning Committee at the end of March this year before presenting it to the state planning committee.

He the state planning committee will then present it to the National Physical Planning Council which is expected to be held in July.

Zairil said the PTMP involved many different components and the state government is considering other options to start the Light Rail Transit (LRT) project.

“We want it to be implemented concurrently with the PSR project so we are looking at funding options,” he said.

He said if the state were to reclaim Island A first to raise the funds for the LRT, it may take up to 15 years before the LRT can be built.

Zairil also said the state and SRS Consortium are now in discussions with Malaysia Airports Holdings Bhd to finalise the location of the LRT station near the Penang International Airport.

“The location of the station will need to be finalised to obtain full approval from the Land and Public Transport Agency,” he said.

The process to implement the Bayan Lepas LRT line includes obtaining the Railway Scheme approval, EIA, Social Impact Assessment (SIA), Heritage Impact Assessment (HIA) and Traffic Impact Assessment.

“As at now, EIA and SIA for Komtar to Permatang Damar Laut, which is segment one to four, including the TIA and HIA have been approved,” he said.

He said the state will still need to obtain the EIA and SIA approvals for the fifth segment.

Source: MalayMail.com

 

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UPCOMING: Tasek Gelugor / Pavilion Everise Sdn. Bhd. (GSD Land)

Tasek Gelugor/ 29 March 2021 No comments

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A proposed commercial property development by Pavilion Everise Sdn. Bhd. (a subsidiary of GSD Land) at Tasek Gelugor. Located along Jalan Kubang Menerong, it is just a mere minutes’ drive from D’Halona Place – a landed housing scheme by the same company. Other surrounding developments include Taman Perda Indah, Scientex Tasek Gelugor and Setia Fontaines.

This development comprises a total of 85 units single-storey shop units with two different built-up types:

  • Single-storey detached – 70 units
  • Single-storey semi-detached – 15 units

The project is still pending approval. More details to be available upon official launch.

Project Name: (to be confirmed)
Location: Tasek Gelugor
Property Type: Shop lots
Tenure: Freehold
Land Area: (to be confirmed)
Built-up Size: (to be confirmed)
Total Units: 70 (semi-detached), 15 (detached)
Indicative Price: (to be confirmed)
Developer: Pavilion Everise Sdn. Bhd. (GSD Land)

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.

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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.

The Weld Heritage Square

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The Weld Heritage Square, a commercial property development located within the buffer zone of the George Town UNESCO World Heritage Site at Pengkalan Weld. It is adjacent to heritage clan jetties, spread out over 2.1 acres of land along Lebuhraya Merdeka.

This strata-titled project is jointly developed by Adat Makmur Sdn Bhd and Koperasi Gabungan Negeri Pulau Pinang, has a Gross Development Value (GDV) of RM160 million. It comprises 36 units of three and four storeys shop units, with an indicative price of RM1.6 million onwards.

The Weld Heritage Square is expected to complete by the end of 2021, and to obtain its certificate of completion and compliance in the first half of 2022.

Project Name : The Weld Heritage Square
Location : George Town
Property Type : Commercial
Total Units: 36
Built-up Area: 3,300 sq.ft. onwards
Indicative Price: RM1.6 million
Developer : Adat Makmur Sdn Bhd

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(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.

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Soft launch of The Weld Heritage Square

Property News/ 27 March 2021 No comments

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A new commercial project located in the buffer zone of the George Town UNESCO World Heritage Site at Pengkalan Weld is set to become a bustling arts and culture hub for the inner city.

The Weld Heritage Square, located adjacent to the heritage clan jetties, is spread out over 2.1 acres of land along Lebuhraya Merdeka off Pengkalan Weld.

The project, which is expected to complete by the end of 2021, is jointly developed by Adat Makmur Sdn Bhd and Koperasi Gabungan Negeri Pulau Pinang.

Adat Makmur is a residential and commercial property developer and a subsidiary of Zizi Holdings Sdn Bhd.

This strata-titled project has a Gross Development Value (GDV) of RM160 million and it consists of three and four storeys shop units.

 

Boasting a design that enhances its rich cultural heritage surroundings, The Weld Heritage Square is set to be a choice location for art galleries, restaurants, boutique hotels, offices and small businesses.

Zizi Holdings Sdn Bhd’s Group Chief Executive Officer Mr Danial Zulkifli said the commercial centre was designed specifically to meet strict UNESCO World Heritage Site guidelines.

“It is located in the heritage buffer zone so we face the challenge of building a commercial centre that has to adhere to the strict building height limit of below four- storeys,”

“We are committed to complete this project and deliver a Penang experience in a commercial centre,”

“The project was delayed due to various reasons including court cases as there were settlers on this land and also due to my late father’s poor health. He was managing the project at that time but unfortunately passed away last year,” he said.

The development company, now under Danial’s leadership, resumed the project recently and the project is now nearing completion.

The Weld Heritage Square is designed with generous parking space and large driveways. In between two rows of the shop units, an open space is set aside specifically to host cultural activities and street bazaars. The spacious open space is decorated with colourful murals depicting the lifestyle of the clan jetties and its surrounding areas.

“We want this space to become an arts and cultural hub and the open space is perfect for art events and festivals,” Danial said.

He said the proposed Penang Art District development is located nearby so The Weld Heritage Square will be able to complement and cultivate a new art scene in the area.

Zizi Holdings’ Chief Marketing Officer Ms Zahidah Zeid said the commercial centre will add colour and more activities to the busy area.

“We want this area to become an arts and cultural commercial area and we hope to attract other local businesses as well,” she said.

“We look forward to filling this place with activities and to attract businesses from all sectors to be based here to serve the local residents and at the same time, serve as a landmark for tourists who are visiting the heritage clan jetties,” she added.

 

Raine & Horne International Zaki + Partners Sdn Bhd Senior Partner Sr. Michael Geh said the team behind the project is very committed in completing the project.

“I believe this place, which is near the clan jetties and the Hean Boo Thean Guan Yin Temple, is a unique development and it can become a tourism hub and stimulate economic activities,” he said.

He noted that the area recorded high foot traffic as visitors and tourists would walk along the road to head towards the clan jetties and the Hean Boo Thean Guan Yin Temple, a temple jutting out in the sea.

He said the project will do well as a location for existing businesses in the area looking for new shop units.

The soft launch of The Weld Heritage Square today (March 27) was graced by Pengkalan Kota State Assemblyman YB Daniel Gooi.

In his speech, YB Daniel said the development project will contribute greatly towards the local economy, as well as to support the state of Penang in its journey towards the recovery process post-pandemic.

“Situated at a strategic location, The Weld Heritage Square will serve as an important landmark linking the UNESCO World Heritage site, especially with its close vicinity to the world famous Clan Jetties area and the greater George Town area,” he said.

The Weld Heritage Square is now at its final stages of completion and is expected to obtain its Certificate of Completion and Compliance (CCC) in the first half of 2022.

 

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SITE PROGRESS: Celesta Residency (March 2021)

Property News/ 26 March 2021 No comments

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About Celesta Residency

A Mixed development by Red Blue Development Sdn. Bhd. (TGB Group) in the established township of Sungai Nibong. Strategically located along Jalan Sultan Azlan Shah, diagonally opposite three public schools, namely SRJK(C) Kwang Hwa, SRJK(C) Shih Chung and SMK Sungai Nibong.

Find out more about Celesta Residency

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.