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Construction work on LRT, PIL, PSR to begin by Q4 2020

Property News/ 14 February 2020 No comments /中文版

PTMP-LRT-PSI

The Penang government expects the construction work on the light rail transit (LRT), Pan Island Link (PIL) and Penang South Islands (PSI) projects under the Penang Transport Master Plan (PTMP) to begin by the fourth quarter of this year.

Chief Minister Chow Kon Yeow said the state government and the project delivery partner, SRS Consortium, were now undertaking the vetting process for the projects.

“We, together with SRS Consortium, are hoping to sign the agreement for the projects (soon),” he told reporters after the ground-breaking ceremony for the new building of the Penang chapter of Federation of Malaysian Manufacturers (FMM) here today.

He said construction work was expected to begin either in the early second half or fourth quarter of this year.

He also said the reclaimed land of Gurney Coast will be ready by April.

Asked which of the three projects would begin first, Chow said the state government was finalising the matter and it would depend on financing.

“Whether it is one after another or all (LRT, PIL and PSR) concurrently, it will depend on the financing,” he said.

The proposed LRT will cover 27 stations and 29.9km, running from Komtar to the Penang International Airport, including to the three future reclaimed islands in the south of Penang under the PSR.

The state government is proposing to reclaim 1,821 hectares of the sea on three man-made islands across south of Penang International Airport towards the east around Permatang Damar Laut, to create a land bank to fund the PTMP.

The PIL1 project is a 19.5km-long toll-free highway alignment from Gurney Drive to Tun Dr Lim Chong Eu Expressway near the Bayan Lepas Free Industrial Zone IV area, consisting of a 7.6km length of viaduct sections, four tunnel sections totalling 10.1km in length and embankment sections of 1.8km.

The PTMP project, estimated to cost RM46 billion, encompasses an undersea tunnel connecting the island to the mainland, highway, LRT, monorail and a bus network on the island and Seberang Perai.

Source: Bernama

 

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Golden Gateway CNY Celebration (15 Feb)

Don’t miss your gold mine in 2020. Visit Golden Gateway CNY Open House on 15/02/2020 (Sat) to get your RM88,888* Angpow (T&C apply).

golden-gateway-cny

Golden Gateway FREEHOLD Factories @ Batu Kawan

  • Limited to 54 units only
  • Detached & Semi-D factories
  • Direct accessibility to Penang Second Bridge
  • Freehold

Call+6016-429 2199 or visit www.goldengateway.com.my for more details.

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CLICK HERE FOR GOOGLE MAP

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UPCOMING: George Town / Principle Pearl Sdn. Bhd.

George Town/ 13 February 2020 1 comment

proposed-development-george-town-principle-pearl

A Newly proposed luxury waterfront development by Principle Pearl Sdn. Bhd. at George Town, Penang. Strategically located along Jalan Sultan Ahmad Shah, just a stone’s throw away from several other luxury residences and hotels, such as 11 Gurney, 8 Gurney, and The Northam All Suites Hotel. The land measuring approximately 2.2 acres is currently occupied by Northam Beach Cafe.

This development will see the construction of a 53-storey skyscraper, featuring 70 luxury units with 11 levels of multi-storey carparks. Future development includes office block and hotel.

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

Property Name: (to be confirmed)
Location : George Town, Penang
Property Type : Mixed development
Total Units : 70 (condo)
Land Tenure : (to be confirmed)
Indicative Price : (to be confirmed)
Developer : Principle Pearl 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.

Location Map:

 

Sinaran Residences – Show Unit Launch (15 & 16 Feb)

Events & Promotions/ 13 February 2020 No comments

Don’t miss the Sinaran show unit launch this weekend at Paramount Property Gallery @ Utropolis Batu Kawan. You may also redeem your free IKEA vouchers (while stock last) and enjoy lots of fun activities.

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SITE PROGRESS: Golden Gateway (Feb 2020)

Property News/ 11 February 2020 2 comments

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About Golden Gateway

An SME Industrial Park located on a 20.5 acre land at the southeast part of Batu Kawan. Strategically located off Jalan Perusahaan Valdor, just a mere minutes drive to Batu Kawan Industrial Park. It is only 5 minutes away from Penang Second Bridge. Comprises 54 units of semi-detached and detached light industrial factories.

Find out more about Golden Gateway

Register your interest here

*By submitting this Form, you hereby agree to our PDPA Consent Clause.
(This information may be used by the developer or their appointed agent to initiate follow-up communications with you on the project.)