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Penang announced Linear Waterfront reclamation project near FIZ

linear-waterfront-reclamation

The Penang government today revealed plans to reclaim about 60ha off the Free Industrial Zone (FIZ) in Bayan Baru.

The project, themed “Linear Waterfront”, will begin from the Queensbay roundabout to the second bridge and will have an estimated gross development value of RM1 billion.

linear-waterfront-rfpBased on an artist’s impression by project owners Penang Development Corporation, the project will have four oblong-shaped strips of reclaimed land attached to the coast of Penang island.

Announcing the project today, Chief Minister Chow Kon Yeow said it would effectively extend FIZ’s electronics-dominated industrial zone and, at the same time, build a new world-class township.

He said the state government would be calling for a request for proposal (RFP) from interested parties from July 31 to Sept 30 for consideration by the city council and other authorities.

Chow said the winning RfP would reclaim the land and be the master developer for the islands.

“The older FIZ itself is located on reclaimed land measuring 453ha from the Penang Bridge up to Batu Maung in the 1970s. Besides the FIZ, the reclaimed land has been used for other purposes as well.

“The new reclamation project will allow the industrial sector in Penang to develop further and will attract more international companies to invest.

“It must be noted that this Bayan Baru and FIZ townships have raised Penang’s economy for decades and also boosted the country’s foreign direct investments.

“So, I would like to call on those experienced, creative, innovative and qualified to participate in this project,” he said at a press conference at Komtar.

Chow said the proposed project had received preliminary approval from government technical agencies.

He said the project, when complete, would also see new fishermen’s wharves set up., adding that the existing jetties were derelict and needed improvement.

Chow said besides the extension of the industrial zone, the project would entail a waterfront resort encompassing hotels, restaurants, medical, commercial and mixed development.

He said the project would also increase the state government’s landbank in the long run.

Currently, a few reclamation projects are slated for Penang, the key one being the 1,620ha three-island Penang South Reclamation project.

The others include the Seri Tanjung Pinang 2 project measuring 307ha on the northeast of the island, of which 53ha are for the Gurney Wharf project off Gurney Drive.

On the mainland, a 650ha reclamation project off the waters of Bagan Ajam in Butterworth has been mooted but has not taken off.

Source: FreeMalaysiaToday.com

 

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UPCOMING: George Town / M Summit Global Sdn. Bhd.

George Town/ 22 June 2020 No comments

summit-191-extension

A proposed extension to the existing M Summit 191 serviced residence by M Summit Global Sdn. Bhd. in George Town. It is strategically located along Jalan Magazine, immediately opposite Komtar and adjacent to St. Giles Wembley Hotel. Only a 10 minutes drive from Penang Bridge.

The new extension will feature a 13-storey tower, offering 34 serviced residence units and a rooftop swimming pool. There is also a function hall located at level 12.

Project Name: Summit 191 (extension)
Location : George Town
Property Type : Serviced residence
Total Unit: 34 (new phase)
Built-up Area: (to be confirmed)
Indicative Price: (to be confirmed)
Developer: M Summit Group

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Penang Retirement Resort project delayed due to Covid-19

Property News/ 20 June 2020 22 comments

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The completion of the Penang Retirement Resort in Batu Gantong by the Penang Turf Club has been delayed to the fourth quarter of the year due to the Covid-19 pandemic.

The project was originally scheduled for completion this April.

It will be made up of a seven- storey block featuring 142 units including those offering full-time nursing care.

There will be 49 units offering assisted care and 77 offering independent living with sizes ranging from 414sq ft to 1,246sq ft.

The rest of the space will be used for a wellness spa.

All units will be occupied on a leased basis with meals provided, and residents will have the option of dining in their rooms or at the resort’s restaurant.

The site of the resort is less than 2km from several hospitals to provide the necessary support and back-up facilities.

However, the location is still away from heavy traffic, providing peace and calm for elderly residents.

The design of the resort is structured and organised to cater to senior citizens with various needs.

Facilities include a restaurant, wellness spa, physiotherapy room and mini cinema.

The services available for the residents include housekeeping, home medication management, personal assistant services, beauty services, round-the-clock security, excursions and shopping trips as well as an in-house convenience store.

There are also over 200 parking bays provided for residents and visitors.

Construction work is currently 95% finished with some external work such as landscaping as well as interior design yet to be completed.

The resort’s interior designer, Hybrid Designs’ principal Harinat Siriwan, is based in Melbourne, Australia and is currently unable to travel to oversee the progress of the development.

The resort is expected to be in operation a few months after its Certificate of Compliance and Completion is obtained.

Source: TheStar.com.my

 

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SITE PROGRESS: The Amarene (Jun 2020)

Property News/ 19 June 2020 No comments

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About The Amarene

Part of Ideal Vision Park development by Ideal Homes in Bayan Lepas, Penang. This development is strategically located along Jalan Tun Dr. Awang, adjacent to Tree Sparina condominium. It is just a mere minutes drive to Straits International School and Penang International Airport. Featuring a 35-storey condominium that offers 410 residential units with built-up size ranges from 1,100 sq.ft to 1,200 sq.ft.

Find out more about The Amarene

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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.

UPCOMING: Prai / Hua Yang Berhad

Prai/ 18 June 2020 No comments

upcoming-huayang-g-land-development-prai

Yet another proposed high-rise by G Land Development Sdn. Bhd. (a subsidiary of Hua Yang Bhd) at Prai. Strategically located along the ever-bustling Jalan Baru, next to the recently completed Meritus Residensi by the same company. It is about 5 minutes drive to Penang Bridge, with easy access to nearby amenities which include mails, colleges, eateries, and banks.

This development will see the construction of a 24-storey condominium, featuring 148 units of residential units with a 4-level multi-storey car park. There will also be 2 units of shop lots at ground level.

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

Project Name: (to be confirmed)
Location : Bukit Mertajam
Property Type : Condominium
Total Unit: 148
Built-up Area: (to be confirmed)
Indicative Price: (to be confirmed)
Developer: G Land Development Sdn. Bhd. (Hua Yang 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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