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20 Most Active Projects in Penang (Jan – Aug 2020)

Property News, Statistics/ 7 September 2020 No comments

With the lifting of CMCO in early June, Google Search Trends report indicated that the search interest for property in Penang has rebounded to the pre-crisis level. Our website has recorded close to 1 million pageviews in the past 90 days (after CMCO), showing an increase of 3% traffic compared to the same period in 2019.

If you are wondering which are the most popular projects in Penang at the moment, here are the top 20 most viewed projects to date in 2020.

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The list is dominated by affordable housing projects, with Cecil Residensi at the top of the list recorded more than 23,000 views in 2020. This is a state government project which has broken ground in early 2019. It will feature a 24-storey residential building, offering 348 low-medium cost units.

Ranked second is Ideal Residency affordable housing by Ideal Property Group at Bukit Gelugor. The first phase of this development comprises 1,218 affordable units with a standard built-up size of 850 sq.ft. This project is popular for its strategic location, slated to be launched soon in Q4 2020.

This is followed by Grace Harmony, Havana Beach Residences, and Affordable @ The Zen, all of which have always been popular since 2018 and 2019.

Interestingly, Residency Permai at Bukit Mertajam appeared to be the sixth in the list. This is a gated & guarded development by Tambun Indah Group, located just a stone’s throw away from the ever-bustling Jalan Song Ban Kheng.

You may find out more about the top 20 projects from the links below.

* Projects are ranked based on the pageviews recorded in Google Analytic web traffic report for PenangPropertyTalk.com.

 

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Pesta Pulau Pinang 2020 cancelled

Property News/ 6 September 2020 No comments

Pesta-pulau-pinang

This year’s Pesta Pulau Pinang has been cancelled due to the COVID-19 pandemic.

Penang state financial officer Datuk Sarul Bahiyah Abu said the state executive council meeting had come to this decision on Aug 12.

“Based on COVID-19 current developments in Penang, the state executive council has decided that this year’s edition of Pesta Pulau Pinang, which was scheduled for Dec 1, be cancelled,” she said.

The festival, which has been held every December since 1970, first at the Esplanade and from 1974 onwards at the Sungai Nibong pesta site, is one of Penang’s major tourism icons.

Source: Bernama

 

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UPCOMING: Bukit Tengah / Prospek Setia Sdn. Bhd.

Bukit Tengah/ 4 September 2020 No comments

Proposed development by Prospek Setia

An upcoming commercial development by Prospek Setia Sdn. Bhd. at Bukit Tengah. It is a small development strategically located along the busy road of Jalan Kebun Nenas, next to Juru Sentral development. Just a stone’s throw away from Juru Auto-City.

This development will see the construction of a commercial building, featuring 13 unit 3-storey shop offices fronting the main road.

More details to be available upon official launch.

Project Name : (to be confirmed)
Location : Bukit Tengah
Property Type : Commercial
Tenure: Freehold
Built-up Size: (to be confirmed)
Total Units : 13
Indicative Price : (to be confirmed)
Developer : Prospek Setia Sdn. Bhd.

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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Tropicana and Marriott International launch Courtyard by Marriott in Penang

Property News/ 4 September 2020 No comments

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The first Courtyard by Marriott in Malaysia, and also the 17th Marriott International brand in the country, has opened its door to the public.

The hotel is located at Tropicana 218 Macalister in Penang’s UNESCO World Heritage Site.

In a press statement today, the developer of the hotel – Tropicana Corporation Bhd said hotel consists of 199 rooms and suites, an all-day dining restaurant and Penang’s first distillery-themed bar.

The hotel was launched today by Chief Minister of Penang Chow Kon Yeow. Also present were Tropicana Corporation Bhd group executive vice chairman Tan Sri Datuk Tan Chee Sing, CEO Alex Yeow, group managing director Dion Tan, Courtyard by Marriott Penang general manager Subash Basrur and Marriott International area director of marketing (SEA) Cindy Yoong.

“The Penang state government is certainly committed to re-energise our tourism industry. We have introduced various initiatives to help revive the tourism industry and we believe these initiatives will help keep Penang ahead as one of the leading tourism destinations in Malaysia,” said Chow in his speech at the launch.

Despite the onset of Covid-19, the tourism sector in Penang has witnessed steady growth in domestic tourism. As interstate travel restrictions relaxed, there have been gradual increase in the number of tourists visiting the island give the attractive promotions that provide significant savings for locals.

“We are excited to welcome guests to the first Courtyard by Marriott Penang! Malaysia is a beautiful country and Penang being the Pearl of the Orient. Cognisant of the current pandemic, we are committed to deliver a safe yet welcoming experience that inspires and re-energises guests,” said Subash.

Source: EdgeProp.my

 

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PSR project slated to start first quarter of next year

Property News/ 3 September 2020 2 comments /中文版

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The works on the Penang South Reclamation (PSR) project are expected to begin first quarter of next year.

Penang Infrastructure Corporation Sdn Bhd (PICSB) chief executive officer Datuk Seri Farizan Darus said the implementation works of Island A would be the first to start.

“The scheduled reclamation works will be done in phases. The first phase involves reclaiming 1,200 acres of Island A.

“Phase One is expected to take about four years to complete,” Farizan told Buletin Mutiara at the stakeholders’ engagement centre (Pusat Perkhidmatan Setempat Nelayan), off Permatang Damar Laut today.

The tri-islands PSR project (Island A, B and C) will be located at the south-end of the Penang island, measuring a total of 4,500 acres in land size. Island A will be 2,300 acres in size, Island B will be 1,400 acres and Island C will be 800 acres.

Farizan said that it would take about nine years to fully reclaim Island A.

“We expect to be able to start selling by the fourth year,” he said.

The PICSB is the special purpose vehicle that will be leading the implementation of the mega projects under the Penang Transport Master Plan (PTMP).

PICSB was successfully incorporated on July 9 this year.

The company will be working on the implementation of mega projects in the state, such as the Bayan Lepas LRT (BL LRT), Pan Island Link 1 and 2A (PIL 1 and PIL 2A) and the Penang South Reclamation (PSR) that have been entrusted to SRS Consortium as the project delivery partner.

PICSB will also be working on the implementation of the three highways and the undersea tunnel projects that are entrusted to the Consortium Zenith Construction (CZC) Sdn Bhd as the design and built contractor.

In addition, the PICSB will be involved in the planning and development of the PSR, which include the topside development.

Farizan said that it has been the state’s intention to meet the conditions set by Department of Environment (DoE) for the PSR project.

“Some conditions have to be complied prior to the implementation of the project. Others will have to be complied during the implementation of the project.

“We have to start the project before June 24 next year (2021). The Environmental Impact Assessment (EIA) report of the PSR was approved by the DoE on June 25, 2019, with 72 conditions to be complied with,” he said, adding that the EIA approval has a two-year validity period.

Stakeholders engagement

Over 5,000 people have been engaged since December 2015 to July this year.

Farizan said that various parties have been engaged over the years; such as fishermen, beach users, business operators and even hatchery operators.

“A total of 5,762 people has been engaged. The stakeholders can get updated and correct information pertaining to the PSR project from the stakeholders’ engagement centres,” he said.

There are currently two centres available – one in Permatang Damar Laut and the other in Gertak Sanggul.

Better facilities, brighter future

Farizan said that the fishermen would not be ‘directly’ impacted by the land reclamation.

“The reclamation works will not be done from the shore onwards. Instead, it will be done 250m away from the shore (seaward), allowing a 250m water channel for the fishermen to conduct fishing activities and to navigate towards the deeper end of the sea.

“There will also be a 250m channel between Island A, B and C.

“We try to cater to the requests of the fishermen to ensure a win-win situation. The fishermen can go out to sea and continue their fishing activities despite the reclamation works,” he said.

SRS Consortium deputy project director Azmi Mohamad said the 250m water channel proposal was considered after taking into consideration the hydraulic studies and reports that were approved by the Department of Irrigation and Drainage (DID).

SRS Consortium strategic communications and stakeholder management department head Audrey Lakai said that the company had proposed to provide a total of four fishermen jetties to assist the fishermen units affected by the reclamation works.

Farizan said that one of the jetties would be located near the proposed Bayan Lepas LRT station in Permatang Damar Laut.

“It is a prime location and it has a huge potential. Travellers using the Bayan Lepas LRT can hop off at the LRT station in Permatang Damar Laut and enjoy a nice seafood cuisine before heading to their next destination.

“We hope to provide better facilities to uplift the livelihood of the fishermen and the communities living in the area with the implementation of the PSR project,” Farizan said.

He added that it is important for the PSR project to materialise as it is the funding model of the PTMP.

Source: Buletin Mutiara

 

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