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Penang east seafront transformation to start in six months

Property News/ 2 August 2019 6 comments

east-seafront-project

The Penang government is looking forward to a new public promenade for visitors to enjoy the scenic view of Weld Quay in the proposed East Seafront Project.

Penang Local Government, Housing, Town and Country Committee chairman Jagdeep Singh Deo said the East Seafront Project was undertaken by the George Town Conservation and Development Corporation (GTCDC). It also undertakes the North Seafront Project.

GTCDC is a tripartite partnership between the Penang government’s Chief Minister Incorporated (CMI), Think City Sdn Bhd and Aga Khan Trust for Culture; set up to improve the public realm following the George Town Special Area Plan.

intro-east-seafront-project“The East Seafront Project will include the upgrading of the cruise terminal, the setting up of a cultural district, the refurbishment of godowns, creating a new public promenade, and a mixed-use transport hub and business district.

“We also have plans to have a new central business district in Seberang Perai. The connection from the Penang island and the mainland by sea starts here,” Jagdeep told a press conference yesterday.

He said that GTCDC together with CMI would be asked to conduct a design competition to invite talents to share their ideas about the proposed East Seafront Project.

Jagdeep added that the project is in the core zone of the Unesco World Heritage Site.

“It is utmost important to note that any development in the area must comply with the Unesco World Heritage listing guidelines,” he said.

Meanwhile, Penang Port Commission (PPC) chairman Jeffrey Chew said the cruise terminal expansion work was scheduled to begin in September and it will take about a year to complete.

“The current length of the terminal is 545m. It will be expanded northwards and will have a length of 793m after the expansion project.

“The terminal will still be open during the expansion. We are expecting an increase in cruise visitors after the expansion project,” he said.

Chew added that the RM155 million expansion project was funded by Penang Port Sdn Bhd and Royal Caribbean Cruises Ltd.

Chew said the development surrounding the Swettenham Pier Cruise Terminal (SPCT) – namely SPCT A, SPCT B and SPCT C – were part of the proposed East Seafront Project.

“The development of SPCT A (about 1.5acres) is still in discussion. There are old warehouses, an open space car park and an old building there. It can be developed into a parking and cultural area.

“As for SPCT B, the development will cost approximately over RM100 million. The development is to be funded by the private sector. We are still in the midst of discussion,” Chew said.

Jagdeep said SPCT B (over 2acres) would comprise of residential, commercial and a new cultural district; welcoming cruise passengers that arrive at the pier.

Chew said the RFP deadline for the revival of Tanjung City Marina (SPCT C) is Dec 11 this year.

“A lot of the pontoons have floated away. The area needs help,” he said.

Among those present at the press conference were CMI deputy general manager S. Bharathi, Think City programme director urban solutions Dr Matt Benson, Penang Island City Council engineering director A. Rajendran and George Town World Heritage Incorporated Department of Built Environment and Monitoring manager Muhammad Hijas Sahari.

Source: Buletin Mutiara

 

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Penang’s most popular new residential projects among HK investors

Property News/ 1 August 2019 1 comment

With the ongoing demonstrations in Hong Kong, we have heard much news about the spike in interest in Malaysian property from Hong Kong. You must be wondering do we see similar trends in Penang?

Here is a snapshot of PenangPropertyTalk.com’s (PPT) monthly visits from Hong Kong.

pptalk-from-hk

Obviously, the total number of people visiting PPT from Hong Kong has almost doubled starting from May this year, and it has been pretty consistent over the past 3 months.

Everyone is definitely curious to know which project attracts them most. Curious no more because listed below are the top 10 most visited residential projects among website visitors from Hong Kong over the past 3 months.

10-most-viewed-from-hongkong

  1. The Tamarind
  2. Muze @ PICC 
  3. Quaywest Residence
  4. The Zen Condominium
  5. Setia Sky Ville
  6. Queens Island
  7. Marriott Residences
  8. Queens Residences
  9. Triuni Residences
  10. City of Dreams

* Projects are ranked based on the visits recorded in Google Analytic web traffic report for PenangPropertyTalk.com.

 

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Penang to blacklist developers who force buyers to take up extras

Property News/ 1 August 2019 2 comments

warn-blacklist-developerHousing developers in Penang have been warned not to force their buyers pay beyond the fixed prices for low-cost (LC), low medium-cost (LMC) and affordable housing units.

Developers who failed to comply with the warning could result in them getting blacklisted.

State Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the developers must abide by the price fixed for LC, LMC and affordable housing in Penang.

“If the buyer is willing to accept your packages, that’s fine. But you cannot force him to take your packages.

“There were such cases before in the past, where developers offer renovation packages, additional car parks and others.

“However, developers cannot force buyers to take their packages. Let this be a warning.

“Please report to the Penang Housing Department if you come across such developers. I will haul them up and they will be ordered to show cause. We can also go to the extent of blacklisting them,” Jagdeep told a press conference today.

The ceiling prices for LC is RM42,000 and RM72,500 for LMC.

It was reported that a few first-time home buyers had claimed that they were being forced to pay more than the price mandated by the state for LMC units.

Source: Buletin Mutiara

 

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Taman Keramat Permai – Phase 2

Nibong Tebal/ 31 July 2019 No comments

taman-keramat-permai

Taman Keramat Permai, a landed residential development by Galiancon Development Sdn. Bhd. at Nibong Tebal. It is located along Ipoh-Butterworth federal road, diagonally opposite Boon Koon Groups’ headquarter. Accessiblity wise, it about 5km drive from Jawi toll plaza, less than 20 minutes to Batu Kawan.

The second phase of this housing scheme comprises 29 units of 2-storey terraces and 8 units of single-story terraces. Indicative price starts from RM298,800 onwards.

Project Name : Taman Keramat Permai
Location :
 Nibong Tebal
Property Type : Residential
Built-up Area: 20′ x 45′
Land Area: 20′ x 65′ onwards
Total Units: 37
Indicative Price: RM418,800 onwards (2-storey), RM298,800 (1-storey)
Developer : Galiancon Development Sdn. Bhd.

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