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Townhall session for public to air concerns about PIL 1

Property News/ 17 September 2018 10 comments

pil1-townhall

The state government will hold a townhall session on the Environmental Impact Assessment (EIA) for the proposed Pan Island Link 1 (PIL 1) on Thursday.

Chief Minister Chow Kon Yeow (pic) said the townhall session, to be held at Setia SPICE Convention Centre in Relau from 8pm to 10.30pm, would serve as a platform for the public to share their views and concerns on the proposed project.

“We are concerned about recent issues raised in the media pertaining to the PIL 1.

“In line with the administration’s principle of transparency, we want to listen to the people and understand them,” Chow said during a press conference at Komtar in Penang on Thursday.

Chow added that all issues raised and the respective responses would be forwarded to the Department of Environment (DoE) as part of the public feedback process for the EIA report.

He also said the period given for public feedback for the PIL 1 EIA Report (Second Schedule) is now extended to Sept 24, while all written comments from the public need to be submitted to the DoE on or before Sept 25.

“I am not required to be at the session, but will attend, anyway. Energy, Technology, Science, Climate Change and Environment Minister Yeo Bee Yin too might also be there,” said Chow when asked if he would be present at the forum.

The public display of the EIA Report on the controversial PIL 1 Highway project was on public display at 10 locations in Penang and Klang Valley from July 11 to Aug 10.

Chow also said that he would be meeting Transport Minister Anthony Loke and Land Public Transport Commission (SPAD) officials in Putrajaya tomorrow on the Light Rail Transit (LRT) system.

“We will listen to SPAD on its alternative transport mode to LRT and would also present our case on the project.”

“It has been two years since we submitted the proposed LRT line from Komtar to Bayan Lepas and we would like to know what they have done since then,” added Chow.

Last week, Loke had said that the LRT might not be the best mode of transport for Penang and SPAD would propose an alternative to the state government.

Source: TheStar.com.my

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Eco Horizon to launch Brydon semi-d and bungalows by year-end

Property News/ 16 September 2018 No comments

brydon

Eco World Development Group Bhd (EcoWorld) will be launching the first phase of its Brydon collection of semi-detached houses and bungalows in its Eco Horizon township development at Batu Kawan, Penang in the fourth quarter of the year (4Q18).

The township’s second collection will comprise, 382 units of semidees with built-up areas of 2,777 sq ft to 3,553 sq ft and 13 units of bungalows (4,025 sq ft) priced from RM1.2 million and RM2.2 million respectively.

The leasehold strata-titled Brydon will have a GDV of RM556 million.

Register your interest for Brydon Collection

Find out more about Eco Horizon

Eco North general manager Chan Soo How expects to see a good response to the launch, as the first collection called Ashton — which was unveiled in September last year— was well-received.

To date, Ashton, which comprises 704 units of super-linked homes and garden homes, is over 70% sold.

The two-storey terraces have a land size of 22ft by 70ft, while the super-linked homes and garden homes have a land size of 25ft by 75ft and 30ft by 60ft respectively. Prices start from RM868,000.

“We are happy with the sales achieved to date and believe strongly that the right product and concept will attract buyers,” he said.

Overall, more than 2,000 landed homes will be developed over 230 acres of the 300-acre Eco Horizon.

The remaining 70 acres will be allocated for its commercial component. The entire township will be developed over 10 years and has an estimated GDV of RM7 billion.

There will be a 3.6-acre centralised clubhouse in the township and residents will be able to use the facilities for free in the first year.

The group will also be creating two flamingo-shaped lakes set within a 13.6-acre landscaped park.

EcoWorld is confident that the Batu Kawan growth corridor on mainland Penang will “capture the hearts” of not just those already residing in Penang but also the hearts of aspiring homeowners and upgraders in the northern region of Peninsular Malaysia.

“Both our lands (Eco Horizon and the adjacent Eco Sun) are very strategically located within Batu Kawan. Apart from the attractive prices offered, we are also the first landed homes in the vicinity – something most Penangites are attracted to as there aren’t many landed homes in the vicinity. Our new luxury concept portrays the lifestyle which suits the new Batu Kawan corridor,” Chan explained.

The township is accessible via the Sultan Abdul Halim Muadzam Shah Bridge (Second Penang Bridge) and the North-South Expressway via the Batu Kawan toll plaza.

A proposed Bandar Cassia Trumpet Interchange with a new toll plaza is currently being planned by the Penang Development Corp to ease traffic flow in and out of Batu Kawan to the North-South Expressway.

Meanwhile, Chan said the 74.5-acre Eco Sun is still in the planning stage, as the developer is in the midst of finalising the product to ensure it encapsulates the EcoWorld DNA.

“We are very excited to launch Eco Sun as well, so stay tuned for more updates in the future. In addition, we foresee market sentiments to improve with the abolishment of the Goods and Services Tax,” he said, adding that this will perhaps motivate more people to spend, including buying property.

“We are confident that our signature EcoWorld landed township developments will continue to do well, and look forward to the launch in the coming months,” Chan added.

Update: 27 May 2018

News Source: EdgeProp.my

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Mitsui Outlet Park @ Penang International Airport

Bayan Lepas/ 14 September 2018 22 comments
upcoming-development-mfma-development

Approximate location

A proposed commercial development by MFMA Development Sdn. Bhd. at Bayan Lepas. Located near Penang International Airport, next to the existing outdoor car parking area.  MFMA Development Sdn. Bhd. is a joint-venture company between Mitsui Fudosan and Malaysia Airports with shareholdings of 70% and 30% respectively. The company owns Mitsui Outlet Park at KLIA.

This development will see the demolition of the existing hostel and office buildings, for the construction of a 3-storey shopping complex.

The project has commenced detailed development planning works in 2020.

Project Name : Mitsui Outlet Park
Location : Penang International Airport, Bayan Lepas
Property Type : Shopping complex
Developer : MFMA Development Sdn. Bhd.
Last Updated: June 2021
Location Map:

 

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Penang Property Convention 2018 sneak preview

Property News/ 13 September 2018 No comments

It’s happening on 29 September, get ready for one of the biggest property talk in Penang!

Either you are a first time home buyer or a property investor, grab the opportunity to meet up face-to-face with the property experts and gurus. Whether the houses are getting 10% cheaper or not, you need to keep your finger on the pulse of the market to make an informed investment decision.

Take a sneak peek at what you can expect from the event and grab your FREE tickets now!

[ Find out more about this event ]

* THIS EVENT IS NOW FULLY BOOKED *
See you on 29 September!

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No price drop for low-cost and low medium-cost house

Property News/ 13 September 2018 No comments

affordable-housing-nodropThe expected drop of up to 10% in Penang’s housing prices will not include low-cost and low medium-cost houses that are being built at a loss.

State Housing, Town, Country Planning and Local Government Committee chairman Jagdeep Singh Deo said the prices for low-cost and low medium-cost units would remain at RM42,000 and RM72,500 respectively even though the Sales and Service Tax (SST) had been exempted for major construction materials.

“The current construction cost for a low cost unit is RM120,000 but is sold at RM42,000,” he told reporters after a site visit to the Chelliah Park City affordable housing project here.

“Low-cost and low medium-cost housing units are of a different category. We are already losing so much, so we will maintain their selling price.”

Jagdeep Singh said the state government would, however, consider reducing the pricing on its affordable housing projects following a move by Real Estate and Housing Developers’ Association Penang (Rehda) to bring down the overall housing prices by 10% for those costing above RM300,000 and 6% for affordable housing.

“I will raise the matter at the next state exco meeting for discussion,” he said.

“When it was announced that the Goods and Services Tax (GST) would be replaced with the SST, I did mention that housing prices would go down.

“As SST is not charged for construction material like cement, construction cost is reduced and it would be right for the housing prices to go down as well.

“We welcome the announcement made by Rehda,” he said.

It was reported yesterday that Rehda Penang chairman Datuk Toh Chin Leong said the association would advise its members to lower housing prices in the state.

“If they can reduce by 10% immediately it would be great. If not, it would apply to all new developments.

“For affordable housing, which is partly subsidised by developers, we will look at reducing the price by 6%. The reduction will apply for all new projects after the implementation of SST,” he said.

Meanwhile, Jagdeep Singh annou­nced that the Chelliah Park City project had been given the Green Building Index (GBI) Gold Rating, making it the first affordable housing project to receive the certification.

“It has complied with several green initiative requirements.

“They include a passive design approach for solar orientation, sun blocking and shading to reduce heat gain, use of energy efficient lighting to reduce electricity use and water saving fittings, among other features.

“This project can be an ideal benchmark for others,” Jagdeep Singh said.

“I will ask the Penang Develop­ment Corporation to see how this can be replicated in other projects in the state.”

Source: TheStar.com.my

 

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