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Penang Vision 2030

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Penang today laid out its plan to become a family-focused, “green and smart” state in the next 12 years as part of efforts to improve living standards and general levels of happiness for its two million-odd people by 2030.

Chief Minister Chow Kon Yeow said the “Penang 2030” plan would take the state to new levels through a four-theme approach: increasing liveability, upgrading the economy, empowering the people and investing in built public environment.

The highlights of the plan include a “Made in Penang” approach to boost a niche manufacturing sector, the adaptation of a “sponge city” in future town planning to mitigate flash floods, and reducing reliance on the federal government in terms of funding.

In a two-hour town hall session with 500 industry captains and prominent leaders here, Chow said the end result of the 2030 plan was to bring happiness and prosperity to the state.

“We want to know how happy you are. We want to size up how happy Penangites are and form a happiness index.

“At least that way, all the government arms will know how you are feeling and ultimately have an inkling of what you want,” he said at the Eastern and Oriental Hotel.

Chow said the plan would ensure that all policymaking benefits both the island and Seberang Perai, especially the latter as the future of the state relies on the mainland’s potential for growth.

He said the first agenda on Penang 2030 was to provide a larger variety of affordable homes, improve public safety and provide welfare aid for those in need.

He said upgrading the economy was also on the cards, through improvements to the local manufacturing industries and the tourism sector and an ecosystem that nurtures creative industries and niche business services.

“Our idea is to come up with a ‘Made in Penang’ brand. This is beyond char koay teow and nasi kandar,” he added.

Chow said civic participation was also key to the plan, to uplift vulnerable communities and reduce inequalities. He said more engagement sessions with the people would be held from time to time to address current issues.

The Penang government also wanted to spend more on the built environment, he said, promising to bring “balanced development through effective spatial planning”.

He said Penang would also start using smart technologies in its local governments and implement plans for climate change adaptation as weather patterns had changed drastically over the years.

“Ultimately, our policies will be family-focused. Apart from our policies being people-centric, we are aware that family is central to everything we do. That is very much a core value for us Malaysians.

“In Penang 2030, we dare to call for the involvement of various levels of stakeholders in pushing, not only for economic and infrastructural development in Penang, but also for the cultural development of society as a whole,” Chow added.

State government think tank Penang Institute has been tasked with helping the government coordinate, monitor and communicate matters related to Penang 2030.

Source: FreeMalaysiaToday.com

 

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UPCOMING: Bayan Lepas / SLS Land Development

Bayan Lepas/ 29 August 2018 No comments

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A newly proposed residential development by SLS Land Development Sdn. Bhd. at Bayan Lepas. Located along Jalan Mahkamah, just a stone’s throw away from Fiera Vista condominium. It is only 5 minutes drive away from Penang International Airport, about 1km to the new SRJK(C) Shih Chung Chinese school under construction.

This development will see the demolition of the existing building for the construction of a 22-storey condominium. It will offer 115 units of residential units.

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

Project Name: (to be confirmed)
Location: Bayan Lepas
Property Type: Condominium
Built-up Size: (to be confirmed)
Total Units: 115
Indicative Price: (to be confirmed)
Developer: SLS Land Development Sdn. Bhd.

Register your interest here

(This information will be used to keep you updated on the project and future development.)
*By submitting this Form, you hereby agree to our PDPA Consent Clause.

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85% Say ‘YES’ to Pan Island Link 1

pil1-poll

85% of our readers support PIL1

Pan Island Link 1 (also known as PIL1) is currently one of the most debated infrastructure projects in Penang. The proposed dual three–lane highway will be connecting Second Bridge and the Penang International Airport all the way towards George Town, Paya Terubong, Bayan Baru, and Relau. It is expected to reduce travelling time from Persiaran Gurney to Penang International Airport (PIA) to only 15 minutes.

A group of concerned Penangites, have started an online petition to call for the cancellation of the project while there is also an opposing petition that calls for the approval and implementation of the PTMP, which includes the PIL 1.

To shed some light on this subject, we did a quick poll on our Facebook page and received few hundreds votes in one day (Poll results). Although this may not necessary represent the entire population, but the result gives a clear indication that 85% of our readers support the implementation of PIL1.

More about Pan Island Link 1

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Straits City

Butterworth/ 26 August 2018 7 comments /中文版

straits-city

Straits City, a 40-acre prime seafront integrated development by the Singapore Exchange-listed Straits Trading Co Ltd and its dual-listed subsidiary, Malaysia Smelting Corp (MSC). Strategically located in the Central Business District of Butterworth, a mere 2km from Penang Sentral, Straits City enjoys unparalleled connectivity with well-established transportation options such as trains, and ferries, while also providing easy access to major highways.

This development comprises a mix of residential and commercial components, aiming to transform the area into a vibrant hub. It envisions shaping the future of work, living, and recreation, fostering a thriving community and leaving an indelible mark on the cityscape.

Project Name: Straits City
Location : Butterworth
Property Type : Mixed development
Built-up Size: (to be confirmed)
Total Units: (to be confirmed)
Indicative Price: (to be confirmed)
Developer: STC Property Management Services Sdn. Bhd.

Register your interest here

(This information will be used to keep you updated on the project and future development.)
*By submitting this Form, you hereby agree to our PDPA Consent Clause.

Location Map:

 

SITE PROGRESS

 

SST exemptions unlikely to lower house prices

Property News/ 25 August 2018 2 comments

penang-development-no-sstThe reintroduction of the Sales and Services Tax (SST), slated in September, is unlikely to reduce house prices despite cost savings of at least 1% to 2% for property developers, said Paramount Corp Bhd group CEO and director Jeffrey Chew.
He explained that this was because construction costs account for just half of the overall development cost and the small savings may or may not be passed back to consumers, depending on the price of the properties.

“Some of the products building materials are tax exempted, but bear in mind that if you look at the sales price… which we call it as the gross development value, within that there is the land cost which is roughly 18-20%.

“Then, you have a lot of soft costs including financing cost, contribution cost that will take another 10-15%.

“The actual construction cost is about 50% or slightly less than 50%, so when you talk about material cost in construction, it is actually a small portion.

“SST also applies to services as well, such as consultancy fees, architect fees – those are under the SST service tax.

“For us in the property sector, the change of the SST from the Goods and Service Tax, the cost comes down by only 1-2%.

“Sometimes we pass it back to the buyer, sometimes we use it to absorb the cost for the increase in raw materials,” Chew told the media at an analyst and fund manager’s briefing for Paramount Corp’s first half of 2018 financial results.

He added that the 1-2% of the cost savings may be passed on to their customers either through a better price structure, more fittings in their property or better-quality products to their customers.

“Again, it depends on the demand and supply. If the properties that we launch are very cheap and in a good location, then the price will probably not come down.

“But for properties that are not selling very well, we will see the possibility of the developer giving more discounts on that because the costs have been lowered.

“So again, it depends on market forces and [prices are] market-driven. We know that Malaysia is a very dynamic open market and market force will drive the price. But definitely, there will be an element of price containment and also a little bit of price reduction of the products,” said Chew.

Paramount’s Utropolis@Batu Kawan in Penang has seen strong demand, especially being located next to Design Village, as well as the ongoing construction works of the KDU campus, Aspen Vision City and the IKEA outlet.

Source: EdgeProp.my

 

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