Following the impression take-up rate of  Vivo Executive Apartment, Aspen Group will be launching the second phase – Viio Executive Apartment (also known as Vivo 2) within the same vicinity this year. Like Vivo, this development will enjoy the benefit of being near to the upcoming Integrated Shopping Mall and walking distance to Central Island Park.

The project comprises two blocks of 46 and 48-storey buildings, featuring 980 apartment units and 9 retail shop lots. Given the successful pricing strategy in Vivo, the residential unit in the second phase is likely to have a starting price of below RM300,000.

More details to be available upon official launch.

Project Name: Viio Executive Apartment
Location: Aspen Vision City, Batu Kawan, Penang
Property Type: Executive Apartment
Built-up Size: (to be confirmed)
Total Units: 980
Land Tenure: Freehold
Indicative Price: (to be confirmed)
Estimated Completion: 2024
Developer: Aspen Vision City Sdn. Bhd. (Aspen Group)

Location Map:

The urban population of the world has grown to 4.2 billion in 2018 and 54% of the world’s urban population resides in Asia.

Despite its relatively lower level of urbanisation, it is where the world’s most densely populated cities are located.

Combined with the impacts from global climate change and extreme weather, sustainable urban development must be the way forward.

Chief Minister Chow Kon Yeow delivered the powerful message during the 3rd Green Cities Forum at Royale Chulan Penang today.

The theme of the forum was Sustainable Urban Development of Coastal Cities.

Chow said that Penang consists of Penang island and Seberang Perai.

“Both are coastal cities. Their local councils face similar yet different challenges.

“Therefore, the development strategies as well as the urban governance challenges vary between the two city councils.

“It is important for cities to be planned based on its unique characteristics. I am a strong believer that a sustainable city relies very much on its citizens.

“It is crucial to consider the social wellbeing of the citizens, a family-focused plan with green initiatives and smart innovations in every policy that is planned,” Chow said in his speech.

Asian Development Bank (ADB) regional cooperation and operations coordination division, Southeast Asia Regional Department director Alfredo Perdiguero stressed the importance of countries working together to achieve a common sustainable goal.

“Cities are the key economic growth in Asia. It is crucial for us to work and act together. In this forum, we discover how to develop holistic plans to make cities more resilient,” he said.

The 3rd Green Cities Forum was organised under the framework of the Green Cities Initiatives of the Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA), and the Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT).

The two-day forum, which was organised by the Penang Institute and ADB, ends today (Jan 14).

Also present were State Secretary Datuk Abdul Razak Jaafar, state Works, Utilities and Flood Mitigation Committee chairman Zairil Khir Johari and Penang Institute chief operating officer Ong Siou Woon.

Source: Buletin Mutiara

It is happening this weekend! You are cordially invited to the Chinese New Year open house at The Sun Showroom @ Sungai Nibong and grab an Ang Pow worth RM8,888.

18 & 19 January 2020 (Saturday & Sunday), 10am – 5pm

VENUE
The Sun Showroom @ Sungai Nibong
(Opposite SJKC Kwang Hwa at Sungai Nibong, Penang)

Kerjaya Prospek’s wholly owned subsidiary Kerjaya Prospek (M) Sdn Bhd has accepted a letter of award worth RM617 million from Aspen Vision City Sdn Bhd to develop a proposed apartment project known as “VIVO” and “VIIO” in Penang.

Aspen Vision City is an indirect subsidiary of Aspen (Group) Holdings Limited and joint venture company between Aspen Group and IKEA Southeast Asia.

In a statement, Kerjaya Prospek said the contract value represents half of its order book target of RM1.2 billion for the whole of FY2019.

Kerjaya’s executive chairman Datuk Tee Eng Ho said the contract demonstrates Kerjaya’s growing reputation as a contractor of choice in delivering high quality projects.

““We are off to a great start in 2020. Kerjaya has a long working history with Aspen and is proud to have been awarded this contract by Aspen, a reputable player in the property development industry, for our first contract for this year.

“I am excited for the coming years ahead as we seek to deliver earnings growth with our outstanding order book of approximately RM3.5 billion to-date. The Group will continue to aggressively tender for new works and expect positive outcomes from these tendering activities in due course,” he said

The project is situated in a prime location within Aspen Vision City, and is split into two phases.

The first phase “VIVO”, worth RM365 million, entails piling, pile cap works and main building works for the development of 1,530 executive apartments, 14 units of shops, car park podium and common facilities.

The construction works will take 38 months from its scheduled commencement on Feb 14 2020 and slated for completion by April 2023.

The second phase “VIIO”, worth RM252 million, entails piling, pile cap works and main building works for the development of 980 executive apartments, 9 units of shops, car parking podium and common facilities.

The construction works of VIIO shall be completed within 36 months from a commencement date which has yet to be determined.

Source: TheSunDaily.my

Penang-based Aspen Group, a property development and real estate investment group, is looking into developing a digital platform for the Vertu Resort residential development management team in Batu Kawan, Penang to prevent their units from being used for AirBnB.

The Vertu Resort, a resort-inspired residential development, is one of Aspen’s current ongoing residential development projects in Batu Kawan.

Group president and chief executive officer (CEO) Datuk M. Murly today said that the platform would be used to compile a database of registered tenants for the residential development properties, which would be convenient for the management team to identify which units are occupied or vacant.

“The residential units in Vertu Resort are only for tenants who have registered to stay for at least six months, not to be used in AirBnB for short-term stay,” he told Bernama at Vervea Trade and Exhibition Centre (VTEC) Batu Kawan here.

He said that the platform would also be used to verify residents who enter the premises through sophisticated security systems such as optic retina scan, thumbprint scan and radio-frequency identification (RFID).

He also said that an eConcierge app would also be available for the residents there to make reservations for inbound e-hailing services, book public facilities and make e-payments with the residential development management team.

“What we are trying to do is not to constrain (the residents) too much, but to make a quick and convenient way for the management,” he said.

Earlier, Murly introduced several lifestyle enhancements for Vertu Resort aimed at providing residents a more enjoyable and wholesome living environment.

According to him, the enhancements focus on four main pillars, namely technological advancements, sustainable practices, innovative breakthroughs and security upgrades.

“All these lifestyle enhancements will be standardised throughout Aspen Group’s future residential development projects,” he said.

He said that one of the biggest challenges in introducing the enhancements was the cost, as approximately RM15 million had already been invested in them.

However, he believed that the future value would make the investment in Vertu Resort worthwhile.

“As a new (Bandar Cassia) township in Batu Kawan, we would want to give a compelling reason for the home buyers to call it a home.

“Despite all these added enhancements, there will be no additional maintenance fee incurred for the residents,” he said, noting that an additional fee would be charged if the residents use on-demand facilities.

The Vertu Resort key handover ceremony is expected to be held by the end of 2020.

Source: Bernama