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UPCOMING: George Town / Southern Twin Management

George Town/ 25 April 2019 No comments

proposed-development-Southern-Twin-Management

A newly proposed luxury development by Southern Twin Management Sdn. Bhd., strategically located along Jalan Macalister in George Town. It is immediately opposite Scott Residence, just a stone’s throw away from Residence 21 Super Condominium.

This development will see the refurbishment of the existing heritage building and demolish the existing 4-storey budget hotel extension, for the construction of a 37-storey residential building with 4 units of shop offices. The new skyscraper will feature 285 units of serviced residence with 9-level multi-storey carpark.

The project is still pending for approval. Details to be available upon project launch.

Project Name : (to be confirmed)
Location :
 George Town, Penang
Property Type : Mixed development
Total Units: 285
Indicative Price: (to be confirmed)
Developer: Southern Twin Management Sdn. Bhd.
Last Update: Aug 2020

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*By submitting this Form, you hereby agree to our PDPA Consent Clause.

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The Millennium

Batu Uban/ 23 April 2019 7 comments /中文版

the-millennium-main2

The Millennium, a mixed-development by Ivory Properties Group at the urban township Batu Uban. It is strategically located next to The View Twin Towers, just a mere minutes drive to Penang Bridge.

This development sprawls over 5.9 acres of prime land with towers for commercial and residential, featuring retail outlets, condominium units, service suites and hotel. It has an estimated GDV of RM950 million.

The project is still in its planning stage, more details to be available upon official launch.

Project Name : The Millennium
Location :
 Batu Uban, Penang
Property Type : Mixed development
Total Units: (to be confirmed)
Built-up Area: (to be confirmed)
Indicative Price: (to be confirmed)
Developer: Ivory Properties Group

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Taman Seri Sepadu

Tasek Gelugor/ 21 April 2019 1 comment

taman-seri-sepadu-terrace

Taman Seri Sepadu, a mixed development by Exopuri Group at Tasek Gelugor. Located along Jalan Permatang Manggis, just a mere minutes drive to Penang-Kedah border via Jalan Tasek Gelugor. It is about 10 minutes walking distance to Tasek Gelugor KTM Station and SK Pengkalan Jaya.

This development comprises 17 units 2-storey shop offices and 49 units 2-storey houses.

More details to be upon official project launch.

Project Name : Taman Seri Sepadu
Location :
 Tasek Gelugor
Property Type : Terrace houses and shop offices
Total Units: 17 (shop office), 49 (terrace)
Built-up Area: (to be confirmed)
Indicative Price: (to be confirmed)
Developer : Exopuri Group

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Penang CM: No approval on PSR yet

Property News/ 20 April 2019 4 comments

psr-aerial

Chief Minister Chow Kon Yeow has clarified that there is no approval yet for a plan to reclaim three man-made islands off the southern coast of Penang island.

He said the state government must follow the 18 points of advice set by the federal government.

“I did not say that the National Physical Planning Council has approved the project. What I sta­ted was that the council had agreed to its implementation, provided that we adhere to the 18 points of advice,” he told repor­ters here yesterday.

Chow said the confusion could have stemmed from media re­­ports which used the word “approved”, resulting in a statement by Federal Territories Minister Khalid Samad to deny that the council had approved the project.

The Penang South Reclamation (PSR) is a project to reclaim three islands: Island A (930ha), Island B (445ha) and Island C (323ha).

This land bank is expected to bring in more than RM70bil for the state, of which RM46bil will be used to fund the Penang Transport Master Plan.

Chow said besides securing approval for the Environmental Impact Assessment (EIA) report and a Traffic Impact Assessment report, other points of advice included the preparation for a Environment Management Plan report, Social Impact Assessment report, Road Safety Audit report and Fisheries Impact Assessment survey.

Other notable requirements, he said, were for a national disaster management plan to be put into place to reduce the development risk in event of a natural disaster such as a tsunami or increase in sea water levels, and a ban against the construction of condominiums priced above RM1mil.

He said the project delivery partner – SRS Consortium – would be working on fulfilling the advice points.

“All of us want the project to move ahead but it will take time and we are looking at least two years down the road before starting the physical implementation.

“It’s like in our DNA – that nothing will begin without all the approvals having been obtained.

“For the next stage, the state will have to look at the design and the financial architecture to implement this project.

“I can’t give a definite date when the project will start and any speculation that it will begin this year depends on how fast all approvals can be obtained,” he said.

On another matter, Penang MCA chairman Datuk Tan Teik Cheng said the oversight by the design team on Penang Island Link 1 (PIL 1) was a serious matter.

“If Penang Forum member Khoo Salma Nasution had not pointed out the flaws, it would have gone through,” he said.

It was earlier reported that Chow had said that the person submitting the EIA report for PIL 1 might have “overlooked” the matter as the Public Works Department had stipulated that the design for cut slopes should not exceed six berms.

A berm is a raised barrier meant to fortify and protect the slopes.

Source: TheStar.com.my

 

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Federal Government approved Penang South Reclamation project

LRT-MAP11

The National Physical Planning Council (NPPC) has approved the proposed Penang South Reclamation (PSR) project to create three islands off the southern coast of the main island.

Penang Chief Minister Chow Kon Yeow, in a brief statement, confirmed that the NPPC had agreed to the implementation of the project as long as it adhered to the 18 conditions set, but did not elaborate what they were.

He stressed that the state government will adhere to all conditions set by the NPPC.

“We will adhere to all feedback from the relevant technical departments regarding the implementation of the project in line with Section 2A(2)(b) of the Town and Country Planning Act 1976,” he said.

The PSR is a reclamation project that plans to create islands covering 4,500 acres off the southern coast of the Penang island.

It is expected to increase the state’s land bank. Lots on the islands will be sold to raise money to fund the state’s ambitious RM46 billion Penang Transport Master Plan (PTMP).

Gamuda Bhd deputy group managing director Rashdan Yusof had revealed in February that PSR will create islands A, B and C off the coast.

Island A will be zoned as a new industrial park due to its proximity to the airport, while Island B will be specifically for high-end support services for the industrial park, such as financial services, business services and tourism.

Finally, Island C will be for the creation of new tourism products for Penang.

Gamuda Berhad is part of SRS Consortium, the project delivery partner for the PTMP.

SRS Consortium will be reclaiming the sea off the coast for PSR.

PSR is the funding module of the RM46 billion PTMP which will include a Light Rail Transit (LRT) and the building of Pan Island Link 1 (PIL1).

Just a few days ago, Chow announced that the Department of Environment (DOE) had approved the Environmental Impact Assessment (EIA) report for PIL1, paving the way for the project to be implemented soon.

Civil society groups including Penang Forum, Penang Consumers Association and fishermen’s groups have objected against both PSR and PIL1.

The last few days, the groups had issued statements criticising the approval for PIL1.

The groups cited reasons such as environmental damage and loss of livelihoods for the fishermen along the coast.

Source: MalayMail.com

 

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