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UPCOMING: Prai / Concrete Idea Sdn. Bhd.

Prai/ 2 June 2020 2 comments

proposed-by-concrete-idea

A small landed housing development proposed by Concrete Idea Sdn. Bhd. (a subsidiary of Tawakar Group) at Taman Pauh Jaya in Bukit Tengah. It is strategically located near Jalan Baru, just a stone’s throw away from two luxury car showrooms, namely BMW (Tian Siang Premium Auto) and Porsche Centre. Amenities within 5 minutes drive include Mydin Hypermarket, SMK Pauh Jaya, UiTM Penang, Elevate commercial centre and several others.

This development will offer 18 units of 2-storey terrace houses on the 2.37-acres land.

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

Project Name: (to be confirmed)
Location : Prai
Property Type : 2-storey terrace
Total Units : 18
Land Tenure : (to be confirmed)
Indicative Price : (to be confirmed)
Developer: Concrete Idea Sdn. Bhd . (Tawakar Group)

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SITE PROGRESS: Queens Residences (May 2020)

Property News/ 1 June 2020 No comments

queens-residence-may2020-7

 

About Queens Residences

Luxury waterfront development by Ideal Property Group at Bayan Bay with gross development value (GDV) of RM600mil. This development is located in front of BayStar Condominium, just stone’s throw away from Queensbay Mall.

Find out more about Queens Residences

 

 

Bridge to Batu Kawan will open in July

valdor-bridge

The construction works of the bridge in Valdor, connecting Bukit Tambun and Batu Kawan industrial areas, are scheduled to complete next month.

Chief Minister Chow Kon Yeow said the bridge would be open in July.

“The bridge is an infrastructure that can help to spur future economic growth and development in Batu Kawan and the surrounding areas.

“It is an initiative by Penang Development Corporation (PDC),” Chow said after visiting the development site today.

Also present were state Works, Utilities and Flood Mitigation Committee chairman Zairil Khir Johari, Bukit Tambun assemblyman Goh Choon Aik, Batu Kawan MP P. Kasthuriraani, Seberang Perai City Council (MBSP) mayor Datuk Rozali Mohamud and South Seberang Perai district officer Yazman Yahya.

Apart from this, Chow said that PDC was currently working on other infrastructure projects in Batu Kawan.

“They include road widening works,” he added.

He said that PDC was also in the midst of planning and developing housing, commercial and institutional projects in Batu Kawan.

He added the industrial development projects would be expanded to the Byram Estate, south of Batu Kawan.

“PDC is planning to expand the Batu Kawan industrial area to the Byram Estate and this area will be designated as Batu Kawan 2 Industrial Park.

“This shows that the state and its agencies are proactive in ensuring that PDC is ready for the future,” he said.

Source: Buletin Mutiara

 

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GBS@Mahsuri expected to be completed by September

gbs-one-mahsuri-1

The office space in the new GBS@Mahsuri has been fully snapped up by tenants.

Penang Development Corporation (PDC) general manager Datuk Mohd Bazid Abdul Kahar said the construction works of the two-storey 80,000 sqft building would be completed in September this year.

“It was initially scheduled to complete in April. However, we were unable to complete it due to the movement control order (MCO).

“We are very happy that the lots are fully taken up by tenants. There is a demand for Global Business Services (GBS) in Penang.

“This project is another contribution by PDC towards industrial growth in the state,” he told Buletin Mutiara at GBS@Mahsuri in Bayan Baru today.

Penang Domestic and International Trade, Consumer Affairs and Entrepreneur Development Committee chairman Datuk Abdul Halim Hussain said that the state is known for its manufacturing industry.

“GBS is a growing sector in Penang. We are going to promote the sector and attract big companies to support our existing manufacturing industry,” he said.

Chief Minister Chow Kon Yeow said the GBS@Mahsuri facility was scheduled for operation in the last quarter of this year.

“This RM17.8 million building is an MSC Cyber Centre Tier One office space.

“Penang has always been strong in the electrical and electronics (E&E) cluster. The GBS is one of the sub-clusters that is gaining traction in the state.

“The sector is, principally, not only serving Malaysia but also Asia Pacific and the world,” he said.

Chow said investors looked at the availability of human talents besides business ecosystem and infrastructure.

“Those are what Penang can offer and provide investors. We will monitor the market situation and grow in tandem with the industry.

“We can provide the facilities to draw investors and to provide job opportunities to the rakyat,” Chow added.

Chow said that the management of PDC would study the market trend to see if there is a need for another GBS facility in other locations.

Also present were Bukit Tambun assemblyman Goh Choon Aik, Penang Island City Council (MBPP) mayor Datuk Yew Tung Seang and PDC deputy general manager Yeoh Lean Huat.

 

Source: Buletin Mutiara

 

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Penang airport expansion likely delayed by a year

Property News/ 29 May 2020 No comments

PIA Expansion delayed

Chief Minister Chow Kon Yeow says the planned expansion of the Penang International Airport (PIA) might be delayed by six months to a year due to the Covid-19 outbreak and faltering airline industry.

Speaking in a press conference at the airport, he said the expansion work was supposed to begin next month.

“The project has received approval from the relevant local authorities, but I think this is not the right time to carry it out because if the Covid-19 spread prolongs, the airport will not operate efficiently.

“So the operators must consider if the airport expansion would bring benefit or otherwise. I am told they will take six months to a year to decide on this – it’s back to the drawing board for the decision-makers,” he added.

According to data by airport operator Malaysia Airports Holdings Bhd (MAHB), PIA is the third busiest airport in the country after KLIA and the Kota Kinabalu International Airport.

The RM800 million expansion project for PIA was announced by MAHB last December. It was meant to be completed in four phases by 2024.

Under the project, the airport’s capacity was supposed to be expanded to 12 million passengers per year compared to its current 6.5 million passengers per year.

It was expanded to its present capacity in 2012.

PIA recorded eight million passengers in December, a figure which was expected to hit 9.5 million this year.

Source: FMT News

 

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