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10 August 2019 (Saturday), 2:00pm – 6:00pm
Southbay Sales Gallery

SRS Consortium, the project delivery partner for the Penang Transport Master Plan (PTMP), is organising a master plan competition for the development of three man-made islands under the Penang South Reclamation (PSR) project.

SRS Consortium project director Szeto Wai Loong today said the company would finalise the matter with the Penang state government and federal Department of Town and Country Planning (PLAN Malaysia) before announcing the details to the public by the end of this month.

“Now, we have the necessary approval. We and the state government want to have (something) like the Bandar Malaysia last time, (on) how to do the master plan.

“We will have this master plan competition where international planners also can participate, even locals can team up with international planners,” he told reporters at a conference on ‘Moving Penang Into The Future’ here today.

Earlier, Szeto delivered a briefing entitled ‘Introduction to PTMP’ to about 100 participants at the conference.

Szeto said the six best designs or master plans will be selected and presented to the public and state government.

“We will have a symposium so that the public can come and give their opinions, before finally the state will choose which is the best master plan. We want to have a balanced development, so that it will be well accepted,” he said.

When asked on the call by the Penang Fishermen’s Association for the PSR project to be cancelled, he said the state government is actively engaging the fishermen.

He said there were so many areas to look into in their objections and the state had set up a task force to deal with the affected fishermen.

Under the PSR project, the state government is proposing to reclaim about 1,821 ha of the sea to build three islands south of Penang International Airport towards the east around Permatang Damar Laut to create a land bank to fund the PTMP. The Penang government received approval for the PSR project EIA report from the Department of Environment on July 4.

The RM46 billion PTMP project entails the construction of an undersea tunnel connecting the island to the mainland, highways, LRT, monorail and a bus network on the island and Seberang Perai.

Source: Bernama

Singapore’s Temasek Holdings has canceled an RM1.3 billion business outsourcing project (BPO) with the Penang government, New Straits Times reported today.

The daily cited an unnamed spokesman for the Singapore sovereign wealth fund attributing “market conditions” for dropping the development.

“Temasek and its partners, PDC and EDIS have carefully deliberated on it and the parties have come to an agreement not to proceed with the development of BPO Prime in Penang, principally due to market conditions.

“We remain open to investment opportunities in Malaysia,” the Temasek spokesman was quoted saying.

The PDC refers to the Penang Development Corp while EDIS is an acronym for the Economic Development Innovations Singapore Pte Ltd.

The BPO Prime project, comprising residential and office blocks in Bayan Baru on Penang island, should have been completed early this year.

According to the report, the termination of BPO Prime means no more Penang International Technology Park (PITP) in Batu Kawan on the state’s mainland.

PDC had signed a memorandum of understanding on BPO Prime on May 23, 2014 to set up a joint venture company for the project.

One of the clauses includes having the Penang investment arm hold the majority 51 percent stake and the rest by other investors, including Temasek.

EDIS was supposed to provide project management services in the joint venture.

In 2014, the Penang government said the PITP and BPO Prime would be completed between five and 10 years. Both projects would have covered a total of 82.7 hectares.

The projects were expected to generate between 25,000 and 30,000 high-income jobs.

Source: MalayMail.com

To ease the housing glut which mainly arises from loan rejection, the Housing and Local Government Ministry (KPKT) is looking to work with financial providers other than banks to provide home loans.

Its deputy minister Datuk Raja Kamarul Bahrin Shah Raja Ahmad Baharuddin Shah (pictured) said there is still demand for housing but due to strict financial requirements set by the banks, many potential homebuyers could not buy the houses they desire.

“Hence, we are looking to collaborate with other sectors to ease the people’s financial burden,” he said at the press conference after the launching of Placemaker Week ASEAN today.

He added that the government had also extended the home ownership campaign (HOC) which commenced early this year for another six months as there is a demand for it.

During the first six months of the HOC, over 8,000 units were sold with a transaction value worth RM5.7 billion.

However, this only constitutes 30 percent of the total units offered.

Meanwhile, Raja Kamarul Bahrin said that as cities continue to develop, it is important to remain sustainable and liveable, which is in line with the United Nation’s (UN) Sustainable Development Goals.

“As the community grows, public spaces are important for everyone, the government and local authorities will continue emphasising the need for it. I hope that the private sector will continue collaborating with us to create better common spaces,” he said.

The Placemaker Week ASEAN, the first Asean placemaking programme to promote community driven public spaces, is presented by ThinkCity and UN Habitat and co-presented by Nextdoor Property Communications.

It will be held at selected locations in Malaysia including Johor, Penang and Klang Valley from Nov 4-8, focusing on three themes — waterfronts, historical streets and healthy communities.

Source: EdgeProp.my

Sunway Cassia is a nature-inspired neighbourhood with 6 thematic parks by Sunway Property in a desirable vicinity of Batu Maung, Penang. A region earmarked for infinite growth with the proposed Penang South Reclamation and new highways in Penang Transport Master Plan (PTMP).

The final phase of Sunway Cassia comprises 48 elegantly designed semi-detached units, with a spacious floor area of at least 3,196 sq.ft. and with column-free car porch for at least 3 parking bays. These homes also feature a 12ft high ceiling for ground floor to enhance natural lighting and ventilation to the internal space.

Surrounded by the beauty of nature and enhanced security with a single entry and exit point for security control. Residents can enjoy the lush nature at the elevated Nature Park, be amazed by the unobstructed views of a safe, guarded community from within tropical rainforest greenery.

Its excellent locality within a stone’s throw of comprehensive public amenities such as shopping malls, educational institutions, healthcare facilities and key employment area renders it the ideal place to call home.

To find out more details, you may visit www.sunwayproperty.com
or call 019-448 0081 (Hanny) / 012-433 3636 (Koay).