About Forest Ville
A twin towers freehold project by Ideal Property Group in Bayan Lepas, Penang. Located on an 11-acre land, the two towers were part of One Foresta affordable housing scheme located along Lengkok Kelicap. It comprises 991 condominium units with size ranging from 1,000 sq.ft. to 1,050 sq.ft. Schools, financial institutions and healthcare facilities are only short drive away.
Find out more about Forest Ville
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The Penang Development Corporation (PDC) today announced that it would be leasing a piece of 2ha land in Bukit Minyak near Bukit Mertajam to a company to build a foreign workers’ hostel.
Penang Chief Minister Chow Kon Yeow said the RM250 million hostel would primarily cater to the booming Batu Kawan Industrial Park, which is located nearby.
The hostel will be able to accommodate 12,313 people in five blocks, with eight retail outlets on the ground floor and other amenities, he said.
He said the 684-room, 900sq ft/unit project would be undertaken by Biopolis Resources Sdn Bhd who had been granted a 99-year lease by the PDC, the state’s development and investment arm.
The project is now being considered by the Seberang Perai City Council before work can begin and it will take four years to complete.
PDC, in return, will receive rental returns from 42 units worth RM33 million for a 15-year period. The hostel is located at Jalan PSPN 1, Penang Science Park, Bukit Minyak.
Chow said the project was a good example of what a workers’ hostel should be, as more international manufacturers set-up shop in the Batu Kawan Industrial Park.
He said these international manufacturers want a hostel that meets world labour standards, as they were constantly being audited on how they provide for their workers.
“With this hostel, we believe that multinationals could meet human rights standards of the European Union and developed nations,” he said.
Earlier, Chow witnessed the signing of an agreement between the PDC’s general manager Mohd Bazid Abdul Kahar and Biopolis Resources Sdn Bhd’s H’ng Bok Sen.
The project’s proponent and architect Jong East Full said the hostel was designed to be naturally cool with proper ventilation and it had received a Green Building Index silver standard rating.
He said the hostels would be rented out directly to factories or companies seeking accommodation for their workers.
Project Site:
Source: FreeMalaysiaToday.com
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Penang will continue to ensure there is an adequate supply of affordable homes.
This assurance was given by state Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh during the ground-breaking ceremony of the ‘Grace Harmony’ housing project this morning.
Grace Harmony artist impression
He also stated that the state government would keep up with its effort in ensuring that there is no overhang in the state.
“For the past 10 years, we have seen an increase in price (8 to 10 percent) with regard to housing in the major urban cities in Malaysia.
“In order to control the housing prices, the state government had introduced many ‘cooling measures’ which resulted in the stabilisation of the prices.
“At the end of last year, we were the only one among the urban cities to see a decrease in the number of overhangs,” he added.
Apart from that, Jagdeep said he would be focusing more on assisting the lower income group in getting access to housing loan this year.
“I see that developers in the recent times have provided many facilities for the residents in affordable homes. That is commendable.
“We (state government) will also adhere to our rules on the size of the units being built as we want them to be livable,” he said.
Chief Minister Chow Kon Yeow, who was the guest of honour at the function, also affirmed that the state government would always give utmost importance to affordable housing for its people.
Grace Harmony project site
“The key indicator of development is when the people are able to enjoy the fruits of development such as the provision of jobs, salary, housing and so forth.
“So, one of the important KPI’s (Key Performance Index) for the state government would be in ensuring that the policies made by the state and the local government lead us towards this direction.
“I have also instructed the Chief Minister Incorporated (CMI) to check on the land owned by the state in the Jelutong area for affordable housing projects,” said Chow in his opening speech at the ceremony.
Also present were Nova Mulia Development managing director Annie Choo, Sungai Pinang assemblyman Lim Siew Khim and Air Itam assemblyman Joseph Ng.
The Grace Harmony, which is located nearby Jalan Ahmad Nor, is a 42-storey project which will be completed in four years’ time.
It has 310 low medium-cost units and 444 units of affordable housing units.
Find out more about Grace Harmony affordable housing project
Source: Buletin Mutiara
