The world’s longest inner tube water slide in a theme park in Teluk Bahang is expected to open to the public by the second half of next month.

Penang Escape theme park founder and chief executive officer Sim Choo Kheng said on Wednesday (Sept 25) that the 1,111m-long water slide will be opened upon completion of Phase 3 of the theme park’s development.

Sim said the third phase, which focuses on gravity-play rides, would include the water slide, ski lift, hill rider and tubby racer.

“The total investment for this development phase is RM12mil, and the water slide alone is RM5mil, ” he told reporter.

Earlier, Sim received the Guinness World Records (GWR) certificate from GWR adjudicator Pete Fairbairn in recognition of the water slide being the world’s longest.

It is three times longer than the previous record holder in Germany (356m).

GWR verified the record for the water slide on Sept 6.

Sim said the record-breaking attempt was “completely unintentional” and the development was solely focused on creating longer and more enjoyable theme park rides.

“The main focus when coming up with the concept was to preserve the natural environment and have the visitors enjoy and love nature while having fun, ” he said.

He added that the physical installation of the water slide took eight months using only basic equipment, such as chain hoists and scaffolding, to keep damage of the forest to a bare minimum.

The water slide, with the highest point at 70m above ground, is composed of 488 sections and 326 side guards, and was joined together with 10,248 sets of nuts and bolts, as well as a 1.2km steel poles weighing at 66 tonnes.

Source: Bernama

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

A newly proposed affordable housing development by BSG Property at Tanjung Bungah. Strategically located within upscale neighbourhood, off Jalan Loh Poh Heng. It is adjacent to Hillview Garden and Concord Garden. It is only a mere minutes drive to Penang famous tourist belt of Batu Ferringhi.

This development will see the construction of a 46-storey low medium cost apartment, featuring 495 residential units and 7-storey multilevel car park. There will also be 14 units of 2-storey shop offices.

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

READ MORE ABOUT AFFORDABLE HOUSING:

• Eligibility and the requirement of buying affordable housing
• Full list of affordable housing in Penang

Project Name: (to be confirmed)
Location: Tanjung Bungah
Property Type: Affordable Housing
Built-up Size: 750 sq.ft. (to be confirmed)
Total Units: 495
Indicative Price: RM150,000 (to be confirmed)
Developer: Taman Sri Bunga Sdn. Bhd. (BSG Property)

Location Map:

Zuraida Kamaruddin has reiterated that the Malaysia My Second Home (MM2H) programme for unsold luxury homes encompasses all foreign buyers and is not confined to purchasers from China.

She said the campaign is to solve the glut of unsold luxury homes.

“I have to set the record straight because the people’s assumption that the MM2H is only for buyers from China is not true.

“We are offering to all international buyers who are participating in the programme,” she told a press conference after launching the Malaysian Smart City Framework here Monday (Sept 23).

Zuraida said the secretaries-general of her ministry, the Home Ministry and the Tourism, Arts and Culture Ministry will discuss the implementation of the campaign.

“We will be meeting to discuss our way forward, whether we can use that platform to assist us in clearing the unsold high-end houses.

“So, this is still in the beginning stage of the discussion and we will see their recommendations,” she said.

Zuraida had said on Sept 16 that the home ownership campaign is an effort to restore the country’s economy.

She had said that by selling unsold luxury homes, the government can stimulate the economy and open up opportunities for developers to build more affordable homes.

Source: Bernama

Condominium and apartment units priced between RM200,000 and RM300,000 dominate the list of property overhang in the country, mainly contributed by those in Perak and Kedah.

Deputy Finance Minister Datuk Wira Amiruddin Hamzah said condominium and apartment units made up 43 per cent of the total property overhang in the country, whereby a majority of these real estate were in the ‘affordable’ range.

“The indicators of overhang property are important to ensure that the housing supply is consistent with the demand, while the mismatch issue can be minimised.

“Hence, I urge the developers and authorities, who approved project developments and their selling prices to pay attention to the overhang data,” he told a press conference after announcing the real estate market performance in the first half of this year, here today.

Property overhang units must not be confused with unsold stock. The government has defined overhang units as properties that are completed and issued with Certificates of Fitness for Occupation or Temporary Certificates of Fitness for Occupation, but remain unsold despite having been put on the market for at least nine months.

Amiruddin urged developers to build houses that caters to the demand of buyers in terms of the property type, location and price range.

In the first half of this year, 23,591 new residential units were launched, which were 49.4 per cent lower over the same period last year.

Perak recorded the highest new launches with 4,557 units, capturing almost 20 per cent of the national total, followed by Johor (4,233 units), Penang (3,216 units), Kuala Lumpur (2,565 units), and Selangor (2,387 units).

Amiruddin said the residential subsector alone contributed 32,810 units worth RM19.76 billion to the overhang, while the shop subsector overhang contributed 5,760 units valued at RM4.98 billion.

He said the government’s main agenda going forward is to address the need for more affordable housing and finding the right solutions to the property overhang.

The government had taken steps towards that direction with the launch of the National Housing Policy 2.0 and introduction of incentives under the Home Ownership Campaign 2019.

At the event, Amiruddin also launched the Valuation and Property Services Department’s Unsold Property Enquiry System Malaysia (UPESM) 2.0, a system that allows users to get information on real estate in the country.

Soource: Bernama