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Masterplan design competition for Penang South Islands

Property News/ 7 November 2019 No comments
Picture for illustration only

Picture for illustration only

The Penang government is inviting world leading architects and town planners to take part in the Penang South Islands International Masterplan Design Competition (MDC).

Chief Minister Chow Kon Yeow said the Penang South Reclamation (PSR) project would be ‘temporarily’ named as the Penang South Islands (PSI) until the competition ends.

The competition is a collaboration between the state and the Malaysian Institute of Architects (PAM) Northern Chapter under the Board of Architects Malaysia (LAM).

“The RoI process is now open and the deadline is at 5pm on Nov 25.

“Participants are welcomed to form consortiums comprise of multidisciplinary experts; such as in smart city, economics, engineering, technology and innovation, mobility and transportation, landscape, sustainability and environmental design,” he told a press conference during the lunch break of State Legislature Assembly in Dewan Sri Pinang today.

Chow said that the state government had allocated RM5 million for the competition, which includes publicity.

According to the competition website, the qualification process would be conducted in two phases – the RoI and the Expression of Interest (EoI).

Successful RoI participants would be invited to take part in the EoI process. Participants shall bear any cost incurred for the RoI and EoI submission as there are no design works required at the qualifying stage.

Five finalists will be shortlisted after the qualification process.

Chow said that the state was giving out an honorarium of US$125,000 (RM510,000 at this current exchange) to each of the finalists to participate in the MDC.

The commencement of the design stage is scheduled to be on Jan 8 next year (2020). The deadline for the design stage submission is 5pm on April 8 next year (2020).

Chow said that the proposal deemed most suitable by the Master Jury panel would be appointed by the state as the lead master plan designer, subject to terms and conditions.

He said design proposals would have to adhere with the conditions imposed by the National Physical Planning Council (NPPC).

“This includes sustainability, transportation, affordable housing and greenery.

“This PSI project will transform Penang to be a main investment hub with an international tourism standard,” he said.

Also present were SRS Consortium project director Szeto Wai Loong and state Financial Officer Datuk Sarul Bahiyah Abu.

PROJECT SITE

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For more details, visit https://pg-mdc.com/

Source: Buletin Mutiara

 

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SITE PROGRESS: The Amarene (Nov 2019)

Property News/ 7 November 2019 No comments

the-amarene-site-progress-nov2019

 

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

 

Havana Beach Residences

Bayan Lepas/ 6 November 2019 84 comments /中文版

havana-beach-residence-main

Havana Beach Residences, the latest affordable housing development by Ideal Property Group at Bayan Lepas. Strategically located near Jalan Tun Dr. Awang, adjacent to Sunsuri Residences and the upcoming Maldives Residences. It is less than 2km away from Penang International Airport, about 5 minutes walking distance to  SMJK Heng Ee (Bayan Baru branch).

This development will feature a 50-storey residential building offering 1,342 affordable units with a standard built-up size of 850 sq.ft. Indicative price starts from RM300,000 onwards

READ MORE ABOUT AFFORDABLE HOUSING:

Project Name : Havana Beach Residences
Location : Bayan Lepas
Property Type : Affordable housing
Tenure: Freehold
No. of Storey: 50
Built-up Size: 850 sq.ft.
Total Units : 1,342
Indicative Price : RM300,000 onwards
Developer : Ideal Property Group

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:

 

 

SITE PROGRESS

 

Penang govt calls for RFP on development of resort in Batu Ferringhi

Property News/ 5 November 2019 3 comments /中文版

batu-ferringhi-RFP

The Chief Minister of Penang Incorporated (CMI) has been given the mandate to spearhead the initiative of calling for a Request for Proposal (RFP) for the development of a site in Batu Ferringhi into a Coastal Resort and Spa.

Chief Minister Chow Kon Yeow said the 4.2-acre land, at PT 223, Section 2, Bandar Batu Ferringhi, had been vacant for years.

“It was an old relocation site for the Penang tsunami victims. There were temporary houses for the victims in the past. The site was under the purview of CMI.

“There was a Request for Proposal in the past but there was no suitable proposal at that time.”

The proposed site is located between the Moonlight Bay beach and Miami beach.

Chow said the project was proposed to be undertaken by a private entity (also known as a project sponsor) based on the BOT (design and build – operate – transfer) framework.

“The lease period is 30 years, thereafter, options will be given to renew another two 30-year periods, consecutively from the date when the offer is accepted.

“The project sponsor must provide convincing evidence that it has a strong financial backing with a minimum paid up capital of RM5 million and can successfully arrange financing for the project.

“The estimated cost of the project ranges between RM10 million and RM100 million, depending on the number of proposed rooms (up to 100 rooms) by the project sponsor.

Chow said that interested bidders could propose other amenities (not stated in the development programme listed in the RFP) that they deemed fit, subject to the appropriateness of the development.

“According to the development programme, the project sponsor is required to propose a five star or above hotel facilities with spa concept and to create a low density, niche and unique tourism product to position Penang as an attractive international tourist destination,” he told a press conference at Dewan Sri Pinang today.

CMI deputy general manager S. Bharathi said the proposed project would bring the state’s tourism to a greater height.

“Interested parties can buy the RFP documents and submit them to CMI. CMI will then conduct its assessment on the bidders before presenting the proposals to the state executive council,” she said.

An RFP has been called on Nov 1 this year. The closing date for the RFP is on Dec 31 this year. Bidders are requested to submit their proposals before noon on Dec 31.

The RFP can be downloaded from the Penang government portal at http://www.penang.gov.my/

The completed proposal should be sealed in an envelope. The title ‘Request for Proposal For The Development Of Coastal Resort and Spa, North East District, Penang, Malaysia’ must be clearly marked at the top right-hand corner of the parcel.

Bidders can submit their proposals to The Secretariat, Chief Minister of Penang Incorporated (CMI), Level 47, Komtar, 10503 Penang, Malaysia.

For further details, call 04-650 5711 / 04-650 5679.

On a separate note, Chow said that the state government had received a proposal from a private company to build a mixed development project on a 300-acre land; proposed to be reclaimed off the coast in Batu Ferringhi, near the Batu Ferringhi Army Camp.

“The private company has proposed to build a mixed development project, comprises hotels, commercial lots and service apartments.

“The Penang government has received various proposals throughout the year.

“As for this private company, it still has to undergo a long process to obtain the necessary approvals.

“The state can opt to call for an RFP despite it being proposed by a company,” he said.

Meanwhile, Penang Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said that the private company had not submitted any master plan pertaining to the proposed mixed development project.

“It is still in its early ‘proposal stage’. The state government will view the 300-acre land reclamation proposal when the master plan is submitted,” Jagdeep answered a written question at the State Legislative Assembly.

Source: Buletin Mutiara

 

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UPCOMING: George Town / VIP Service Suite Sdn. Bhd.

George Town/ 4 November 2019 No comments

proposed-development-vip-service-suite-sb

A newly proposed serviced residence development by VIP Service Suite Sdn. Bhd. in the heart of George Town. Located on a small piece of land along Western Road (Jalan Utama), adjacent to Penang Jail. It is just a mere minutes drive to Dato Keramat Market, about 3km away from KOMTAR.

This development will see the demolition of the two existing bungalow buildings for the construction of a 23-storey serviced residence. Featuring 89 residential units with facilities located at level 2 & 22.

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

Project Name : (to be confirmed)
Location : George Town, Penang
Property Type : Serviced residence
Built-up Size: (to be confirmed)
Total Unit: 89
Indicative Price : (to be confirmed)
Developer : VIP Service Suite 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: