Newly-appointed Penang Port Commission (PPC) chairman Jeffrey Chew Gim Eam has in his maiden media conference called for a request for proposal (RFP) for the sunken Tanjung City Marina site adjacent to Swettenham Pier Cruise Terminal.

The Tanjung City Marina is an abandoned marina off Weld Quay located within the heritage enclave.

Built in 2005 before being closed down a few years ago, the marina was used to be a place for boats and yachts to berth.

Speaking to reporters in his office after beginning his duty three weeks ago, Chew said the RFP proposal is opened to any bidders, with creative ideas, to come forward.

He, however, said those interested companies must comply with guidelines provided as the place is located in the heritage zone.

“Any project proposals for site will be fully considered,” he said, adding that they need to comply with heritage requirements.

The RFP process for Tanjung CIty Marina begins today until Dec 11.

Apart from the marina, Chew also announced RFP for another two parcels of land along Jalan Anson and Jalan Chain Ferry in Butterworth.

Bidders can apply for RFP from today until July 11 by contacting Nor Effendi Abd Hamid at 04-2633211 for more details of RFP.

Location Map:

Source: Buletin Mutiara

Join Jayamas Property for an exclusive preview of MARC Residences & Service Apartment on 6 & 7 April (10AM – 5PM) and be the first to experience the luxury condo at Jalan Song Ban Keng.

The event will also feature kids corner and wine service. Light refreshment will be served.

Venue:
 11, Jalan Casa Residensi,
Pusat Perniagaan Casa Residensi,
14000 Bukit Mertajam, Penang

Exclusive video

Iconic Point, a joint venture commercial development between Sanbumi Holdings Bhd and Iconic Development Sdn. Bhd. at Simpang Ampat. Strategically located along Ipoh-Butterworth federal road, just a stone’s throw away from Pearl City township development by Tambun Indah. It’s about 25 minutes drive to both Penang bridges.

Intended to replicate the success of the Icon City at Bukit Tengah, this development will feature 48 units of three-storey semi-detached shop-offices; a three-storey detached shop-office; a four-storey 48-room boutique hotel; and three units of two–storey drive-thru concept detached shops. Ample parking bays will be allocated around the units to ensure convenient for visitors.

More details to be available upon official launch.

Project Name: Iconic Point
Location: Simpang Ampat, Penang
Property Type: 3-storey shop offices
Tenure: Freehold
Total Units: 49
Built-up Size: (to be confirmed)
Indicative Price: RM2.5mil onwards.
Developer: Iconic Development & Sanbumi Holdings Bhd.

Location Map:

Growth of the property market in Penang is expected to remain flat this year in view of the unpredictable economic outlook and the market’s wait-and-see attitude, according to an international real estate consulting firm.

Henry Butcher Malaysia (Seberang Perai) Sdn Bhd associate director Fook Tone Huat said the United States (US)-China trade war, the property overhang issue and difficulty in getting bank loans were some of the possible factors affecting the property market’s performance.

“On a positive note, the Home Ownership Campaign (HOC), which is a collaborative effort between the Housing and Local Government Ministry and the Real Estate and Housing Developers’ Association, might boost the residential property market’s performance to a certain extent,” he told reporters at the launch of Henry Butcher’s Seberang Perai 2018/2019 property market report here today.

The HOC aims to resolve the high number of unsold homes in Malaysia by offering incentives such as price discounts and stamp duty exemption on the instrument of transfer and loan agreement for houses priced between RM300,001 and RM1 million for first-time house buyers.

“However, with the state’s property overhang issue in the limelight, I think it is unlikely for the property market to recover this year.

“If the economy can perform well with no global issues such as the US-China trade war, I believe that there could be a possible recovery next year,” he added.

According to Henry Butcher Malaysia’s Seberang Perai 2018/2019 property market report, the market performance in Penang was mixed in the first half of 2018, with total volume and total value of transactions increased on a year-on-year (y-o-y) basis, despite the overall soft market sentiment.

A total of 8,292 transactions worth RM4.29 billion of property developments was recorded in the state in that period — a 5.19 per cent y-o-y increase in volume and 5.45 per cent y-o-y rise in value.

The report said total transactions in several property development sub-sectors in Seberang Perai had increased y-o-y, including residential (0.74 per cent) and industrial (5.15 per cent), whereas commercial property developments declined by almost 11 per cent.

Source: Bernama

Beldon is the second precinct of the 300-acre Eco Horizon township development in Batu Kawan, surrounded by man-made lakes, cycling tracks and a luxurious clubhouse. It is strategically located stone’s throw away from IKEA,  off the primary interchange linking the Second Penang Bridge to the North-South Highway.

The township’s second collection will comprise 338 units of gated & guarded 2-storey semi-detached and bungalow houses with indicative price starting from RM1.2 million and RM2.2 million respectively.

Double Storey Semi-Detached Home
Land Size: 34’ x 75’
Build-up Area: Approx. 2,500
Price: RM 1.2mil onwards

Double Storey Bungalow Home
Land Size: 50’ x 80’ | 56’ x 85’
Build-up Area: Approx. 3,200sqft | 3,600sqft
Price: RM 1.9mil onwards

Project Name: Beldon @ Eco Horizon (formerly known as Brydon)
Location: Batu Kawan, Penang
Property Type: Gated & guarded semi-detached & bungalows
Total Units: 338
Built-up Area: 2,500 sq.ft. (semi-d), 3,200 – 3,600 sq.ft. (bungalow)
Land Tenure: Leasehold
Indicative Price: RM1,200,000 onwards
Developer: EcoWorld Development

Location Map:

SITE PROGRESS

SITE PROGRESS: Eco Horizon (July 2020)

SITE PROGRESS: Eco Horizon (Dec 2019)

Video taken: 27 May 2018