Hunza Properties Berhad and Simon Electric yesterday signed a Memorandum of Understanding (MoU) to commemorate a project that has been awarded to the latter for the deployment and provision of Smart Home System, Home Switches and Sockets for the first smart integrated residential development in Penang, MUZE @ Penang International Commercial City (PICC).

The ceremony, which was held via live streaming from both Penang and Shanghai due to the international travel restriction, signifies an important milestone for PICC as it further reinforces Hunza’s commitment towards building a high quality, value added product for its stakeholders. Simon Electric’s smart solutions have been implemented in high profile projects around the world such as Beijing National Stadium (China), the iconic Moscow Kremlin (Russia), Marriott Auditorium Hotel Madrid (Spain) and Saigon Airport Plaza (Vietnam).

On this significant occasion, Dato’ Khor Siang Gin (the Group Managing Director of Hunza Properties Berhad) said, “This collaboration does not only reflect our development philosophy, but it is also a testament of our commitment to introduce a smart and modern lifestyle to the PICC community. Simon Electric’s professional touch will undeniably add value to the living environment in MUZE @ PICC, and it plays well into PICC’s ecosystem as a smart city. It is our aspiration for PICC to be a game-changer in future-oriented development here in Penang.”

Mr. Jack Zhu, the President of Simon Electric Asia Pacific who represented Simon Electric in the virtual ceremony commented that, “Owners of MUZE @ PICC will be able to enjoy greater convenience and better control of their homes through the various life-enriching technologies such as IoT (Internet of Things), our primary Smart Home System and so much more. We look forward to bring a future-oriented living to Penang, which has long been known as one of the most liveable cities in Asia and the Silicon Valley of the East.”

Both Hunza and Simon Electric will be looking to leverage each other’s core competencies as well as strengths in developing high quality residences with state-of-the-art smart home system that will become a benchmark for the local real estate industry.

Hunza Properties Berhad was represented by Dato’ Khor Siang Gin while Mr. Jack Zhu signed the MoU on behalf of Simon Electric. The Company’s Founder and Executive Adviser, Dato’ Seri Khor Teng Tong, The Board of Directors of Hunza Properties Berhad (Ms. Khor San Leng, Ms. Khor Tze Ming, Ms. Lily Tan and Ms. Lee Kooi Foon) were also present during the virtual ceremony together with Mr. Juan Gallardo, the Head of Marketing for Simon Asia Pacific.

Find out more about Muze@PICC

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Proposed affordable housing (Type A & B) by Prisma Bumiraya Sdn. Bhd. at Balik Pulau in Penang Island. The project is located on a 2.5-acres land along Jalan Sungai Rusa, about 3km north of Botanica.CT township by MTT Properties. While is it about 30 minutes drive to most parts of the island, several essential amenities are accessible within a 3km radius. This includes schools, market, groceries mart, banks and eateries.

This development comprises two 12 and 10-storey blocks, offering a total of 246 type A (low-cost) and type B (low-medium-cost) units.

READ MORE ABOUT AFFORDABLE HOUSING:

• Full list of affordable housing in Penang
• Eligibility and the requirement of buying affordable housing

Project Name: (to be confirmed)
Location : Balik Pulau
Property Type : Low-cost & low-medium cost housing
Built-up Size: 650 & 700 sq.ft.
Total Units : 123 (low-cost), 123 (low-medium-cost)
Land Tenure : (to be confirmed)
Indicative Price : RM42,000, RM72,500
Developer: Prisma Bumiraya Sdn. Bhd. (Pearl Ocean)

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.

For illustration only

The Penang state government has no plans to call off the controversial undersea tunnel project, said Penang Chief Minister Chow Kon Yeow.

The Penang lawmaker said the state has not made a decision to cancel the project as of now.

“Whether it is built or not, we need to reserve land on the reclamation land for the tunnel and connecting roads,” he said in a press conference on Gurney Wharf in Komtar today.

Chow said there will be reserve land set aside from the reclaimed land off Gurney Drive that has been surrendered to the state by Tanjung Pinang Development Sdn Bhd (TPD).

He said it is necessary to set aside the reserve land first so that the state can build roads to connect to the undersea tunnel if it is built.

“The Pan Island Link by SRS Consortium will also connect to the left side of the road reserve on this reclaimed land,” he said.

TPD has completed reclamation work for the 131.09 acres of Gurney Drive foreshore and government reserve land in September 2019 and had progressively handed over the reclaimed land to the state.

Chow said TPD has handed over 90.07 acres to the state government and will continue to progressively handover the remaining amount of land in stages.

He said this is because the reclaimed land needed time to settle therefore it has to be handed over progressively.

The undersea tunnel is part of an overall RM6.341 billion project that included three paired roads.

The project is undertaken by Consortium Zenith Construction Sdn Bhd (CZC) and the CZC submitted a draft feasibility report on the tunnel in September 2019.

It was earlier reported that the CZC is expected to finalise the feasibility report in the fourth quarter of 2020.

Source: MalayMail.com

The development of Gurney Drive’s foreshore will be completed by the end of 2023, which will see features such as water gardens, an artificial beach and a coastal grove created on reclaimed land by then.

Penang Chief Minister Chow Kon Yeow said the state government will call for bids for various projects on the reclaimed area, including the Gurney Wharf, which is estimated to cost an overall RM176 million.

Spanning nearly 5km eastward from the foreshore of Gurney Drive, the 131-acre reclamation was completed in September 2019 but has stalled since then.

The reclamation of the foreshore was carried out by Tanjung Pinang Development Sdn Bhd (TPD) as part of a deal to reclaim Seri Tanjung Pinang (STP) Phase II further up north. No costs to reclaim the 131-acres were disclosed.

Chow said works on the Gurney Wharf will begin in the second quarter of 2021, with seven consultants hired to carry out design and other works on behalf of the Penang government.

He said the reserve land meant for a road connecting to the proposed undersea tunnel would be kept, in the event the tunnel project proceeds in future. He said two bridges would be built to another reclaimed island on the east, dubbed “STP 2A”.

Chow said of the 131 acres handed over, 40 acres would be used for the Gurney Wharf project, 50 acres as in-lieu payment for the undersea tunnel and roads project and the remainder would be government reserve land.

As of May this year, TPD has handed over 90 acres to the state government, and the rest would be done in stages, he said.

The companies were selected via the Penang State Tender Board and they are to draw up detailed designs for each of the components in the Gurney Wharf project.

At the same event, state Local Government Committee chairman Jagdeep Singh Deo said the project received full support from the locals, with 90% agreeing based on a survey of 1,000 people.

Source: FreeMalaysiaToday.com