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Penang Eastern Seafront Development

Property News/ 28 December 2019 1 comment

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Penang’s coastal landscape is set to further change once the RM1bil Eastern Seafront Development (ESD) project takes off early next year with the Promenade Walk above the sea easily being the top attraction.Penang Port Commission (PPC) chairman Jeffrey Chew said the Promenade Walk along the waterfront would start from the Swettenham Pier in Esplanade up to the abandoned Tanjung City Marina.

“The estimated cost is over RM1bil. The seamless promenade walkway is expected to start in the first quarter of next year with the entire project to be completed in 2024, ” he said in an exclusive interview with The Star.

The PPC is the owner of the land parcel along the coastal stretch after the Astaka until the Rapid Penang Bus Terminal in Weld Quay.

The projects in the ESD include the expansion of the Swettenham Pier Cruise Terminal (SPCT) and the upgrading of the ground transport area (GTA), including port warehouses, a yacht club and the Tanjung City Marina.

“We are unlocking the land bank with the RM155mil SPCT expansion (set to commence in the first quarter of next year) and the warehouse development, which has been given to a private company.

“We are embarking on a cautious approach on the development of the warehouses due to their heritage value.

“George Town World Heritage Incorporated will be involved in its planning every step of the way. The development will have retail, culture and duty free elements while maintaining its original heritage value.

“The warehouses are set to be ready in 2022, ” he said.

The warehouse development is estimated to be around RM300mil.

Both the GTA and the yacht club near the PPC building, said Chew, would be developed by the Penang Port Sdn Bhd (PPSB) and would be a critical component for the SPCT after the completion of the terminal with the arrivals of quantum class ships.

The estimated development of both the areas is expected to be around RM300mil.

“The tender exercise for the project has been completed, ” said Chew.

“The biggest challenge will be developing the Tanjung City Marina land. It is actually, not easy to build a marina on the 2ha of land and 5ha of water surface due to water swelling in the area about 12m deep.

“It’s better to have a retail component to complement the warehouses with a mini marina or an urban archaeological park, ” he added.

The value of the Tanjung City Marina land, he said, was estimated to be around RM100mil and at least RM200mil would be needed to change the present facade of the area to blend in with the promenade.

“There could also be an area for water taxis to ferry people to the promenade walkway. In fact, the walkway could stretch up to the clan jetties in the future. But the jetties are on private land and any tie-up would have to wait until completion of the eastern seafront development, ” said Chew.

Locals, he said, would be given priority in the entire development as opening up the port area would give them access to see and experience the arrivals of the cruise ships.

State Local Government Committee chairman Jagdeep Singh Deo said the northern seafront development from Astaka to Swettenham Pier would begin once certain components of the Gurney Wharf project takes off.

“We welcome the eastern seafront development plans by the PPC.

“Connecting the coastline will be an important aspect of development in the future although we are facing challenges to expand the roads from Tanjung Bungah to Batu Ferringhi due to the narrow stretch, ” he said.

Jagdeep said the state government had requested RM40mil in funding from the Tourism, Arts and Culture Ministry to build eco-decks from Tanjung Bungah to Batu Ferringhi.

“The eco-decks will be the best alternative as the stretch of roads can’t be expanded and the proposal was an environmental friendly with no damage to the coastline, ” he said.

Source: TheStar.com.my

 

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UPCOMING: George Town / Mutiara Solar Farm Sdn. Bhd.

George Town/ 27 December 2019 4 comments

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Yet another proposed commercial development in the heart of George Town. Strategically located at the intersection of Jalan Burma and Lorong Kinta near where MEKIO Home Furnishing currently sits on.  It is only a few minutes’ walk distance to KOMTAR, situated outside of George Town UNESCO world heritage buffer zone.

The proposed development will see the refurbishment of the existing 24 shoplots, and the construction of a 46-storey commercial building offering 226 units of serviced suites. The building will include an automated robotic parking system.

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

Project Name : (to be confirmed)
Location : George Town
Property Type : Serviced residence
Built-up Size: (to be confirmed)
Total Unit: 375 (serviced suite)
Indicative Price : (to be confirmed)
Developer : Biopolis Rex Sdn. Bhd. (formerly known as Mutiara Solar Farm Sdn. Bhd.)
Last Updated: July 2023

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DISCLAIMER: This article is solely based on research done using publicly available data. This is not an advertisement. Any claim, statistic, quote or other representation about a project or service should be verified with the developer, provider, or party in question.

SITE PROGRESS: Vertu Resort Condominium (Dec 2019)

Property News/ 24 December 2019 1 comment

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About Vertu Resort Condominium

First resort-inspired high-rise development by Aspen Group at Batu Kawan, with a gross development value (GDV) of RM620mil. This is the second phase (and the first residential development) in Aspen Vision City.

Find out more about Vertu Resort Condominium.

 

AFFORDABLE: Paya Terubong / Yuan Seng Building Trading SB.

Paya Terubong/ 23 December 2019 1 comment

proposed-development-by-Yuan-seng-building

Yet another proposed affordable housing development at Paya Terubong, undertaken by Yuan Seng Building Trading Sdn. Bhd., the same developer who developed 86 Avenue Residences at Jelutong. It is located near Jalan Lebuh Paya Terubong 4, just a stone’s throw away from Paya Terubong Fire and Rescue Station.

This development comprises two blocks of 34-storey and 29-storey towers, featuring a total of 363 affordable units with 10-level multi-storey carparks.

The project is still in its planning stage. More details will be available upon official launch.

READ MORE ABOUT AFFORDABLE HOUSING:

Project Name: (to be confirmed)
Location: Paya Terubong
Property Type: Affordable Housing
Built-up Size: (to be confirmed)
Total Units: 363
Indicative Price: (to be confirmed)
Developer: Yuan Seng Building Trading Sdn. Bhd.

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(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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SITE PROGRESS: Eco Horizon (Dec 2019)

Property News/ 20 December 2019 No comments

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About Eco Horizon

a 300-acre integrated mixed-development township by EcoWorld at Batu Kawan, said to be the largest scheme undertaken by a single developer. It is strategically located right opposite the upcoming IKEA, off the primary interchange linking the Second Penang Bridge to the North-South Highway.

Find out more about Eco Horizon:

Register your interest here for Camdon Collection from RM426k