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Penang CM on Mega Projects

Property News/ 30 May 2018 13 comments

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It’s easy to understand why Chief Minister Chow Kon Yeow is such a popular figure in Penang despite hailing from Kuala Lumpur.

Holding the exco portfolio of Local Government, Traffic Manage­ment and Flood Mitigation for the last two terms here was not an easy task, but Chow’s simple, frugal and austere ways won over the people and even his harshest critics.

Now he is in the hot seat as the chief executive. Here, he shares his thoughts on his plans to move Penang up another notch over the next five years, as well as personal and party matters. Below is an excerpt from the Q&A:

Q: How are you keeping after more than two weeks into the top post in Penang?

As Chief Minister, I also have to look into investment and economic issues, besides being chairman of Penang Development Corporation, PBA Holdings Bhd and other state statutory bodies.

Q: Which plans do you intend to see through in your first term?

Upon taking office on May 14, I took up the Transport portfolio because I intend to see to the implementation of at least some of the projects under the Penang Trans­port Master Plan (PTMP). It is too ambitious to say that we will implement all the projects, but they will be a priority.

On the projects by Consortium Zenith Construction Sdn Bhd (CZC) comprising the RM6.43bil undersea tunnel and three paired roads, we will likely begin construction for one of the three major roads.

As for SRS Consortium, the project delivery partner of PTMP, we will start the Light Rail Transit (LRT) project. Since it is tied to Penang South Reclamation (PSR) in the southern coast of Penang island, the reclamation of three man-made islands will have to start as well to finance the LRT project.

(The PSR is a massive plan to reclaim three islands totalling 1,800ha off the southern coast of Penang island. The success of PTMP, the state government’s multi-billion ringgit public transport project involving LRT, monorail, cable cars and water taxis, depends on funding from property development on the islands.)

One important element here is that people see the reclamation as solely financing the infrastructure projects, which is true in a sense. The man-made islands will not only finance the infrastructure projects, but the lands made available will help meet the development needs of Penang for the next 30 years.

It is near to the Bayan Lepas industrial electronic and electrical cluster. Taking it away from the cluster will not produce the synergy effect.

And preferably, the expansion of our industrial zone into the future must also be near to the cluster and Penang International Airport facilities.

Q: So we can safely say that the three man-made islands are a sure thing?

It is subject to review by the Federal Government. We need approval from the Federal Govern­ment for any large-scale project and the reclamation is one of them. It has to be approved by the National Physical Planning Council. If we can get all the necessary reports to support our application, it will be tabled at the National Physical Planning Council for approval.

Q: You said the LRT component of PTMP is your priority. When can we expect to see it materialise?

We have made a submission to the Land Public Transport Commis­sion (SPAD) since March 2016 for a railway scheme.

Besides the LRT line from Komtar to Bayan Lepas, we have also submitted the other alignment as a full package, as our depot will be built on one of the man-made islands that has yet to be reclaimed. We are still waiting for the environment impact assessment approval.

I believe our application is still active. Hopefully, it will be brought before the Transport Ministry for deliberation and approval.

Q: Previously, it was either an undersea tunnel or a third bridge to link Bagan Ajam and Gurney Drive. What will it be now?

It is still too early to say. We can always make changes because of the cost factor. There is no firm decision on this. CZC will have to complete the feasibility studies first, which are now at 96%.

There is no hurry because even if we were to build the undersea tunnel, it would only take off in 2023.

Right now, CZC’s priority is to start building the 5.7km paired roads starting from Jalan Kampung Pisang in Ayer Itam and connecting with the Tun Dr Lim Chong Eu Express­way in Gelugor. It is one of the three major roads undertaken by CZC.

Q: What are your thoughts on the claims that CZC paid RM22mil to cover up anti-graft investigations on the mega project comprising the undersea tunnel and three paired roads?

It is entirely up to the Malaysian Anti-Corruption Commission to investigate, as it has nothing to do with the state government. We are not the approving authorities.

The concession companies ap­pointed by us are responsible for getting all the approval. What CZC told us was that it was basically political extortion. They were under great duress and had no choice but to believe that the other party could help smooth the process of getting the necessary approval.

This had nothing to do with the state government and we had no prior knowledge of it until it was reported in the media.

Q: Penangites have been plagued by floods on some occasions. What are your plans to resolve this?

The first phase of Sungai Pinang Flood Mitigation project was completed in the late ‘90s and it never went beyond that. This project has been delayed for 18 years.

We need about RM600mil to resolve the problem. The money can be used to build a barrage along the river near the People’s Housing Project in Sungai Pinang. If there is a barrage, backflow from the sea during high tide would not flow inland.

Other components include the construction of pump houses, retention ponds, collector drains along the river, deepening of rivers and the raising of bunds. All these measures are expected to be completed in three and a half years.

We believe these measures will help mitigate floods. All designs can only cater to a certain capacity, so we cannot say that there will be no floods after this.

It is important to secure approval and funding from the Federal Gov­ernment. The Sungai Pinang Flood Mitigation project is vital because it has impact upstream, as there are six tributaries linked to Sungai Pinang.

Q: Many hillslope developments have taken shape, especially in the Tanjung Bungah area, which has drawn concern from environmental activists. What is your take on this?

The current state government will not change the tight guideline of restricting development 76m or 250ft above sea level, although the national guideline can go up to 500ft. The guideline is very restrictive as it will prevent a lot of hill lands from being developed.

This guideline only came into place under the Penang Structure Plan approved in 2007. Before that, approval had already been given to certain developments we can’t stop abruptly. Under this category, there are many projects approved that went beyond the restriction.

I will get the Penang Island City Council to brief me on how much land is still left that is restricted by the guideline. If there is not much land left, we will consider that the guideline will prohibit hillside deve­lopment in the future.

If the guideline is still in place, the people of Penang must confront the fact that there won’t be any development beyond this guideline. Land will become expensive. If there is no reclamation, what will the future hold for Penang island?

Q: Gentrification is an issue in George Town, with foreigners snapping up properties within the Heritage zone. What do you think of this?

Prior to interest in our heritage buildings and before the inscription of the Unesco World Heritage Site, there were a few hundred houses in need of refurbishment. Some houses collapsed during storms.

If you look at the heritage site today, there are few dilapidated houses left due to the interest in heritage properties. The owners have greater appreciation of their value.

My personal stance is to save the house first. If there are buyers, we should save the buildings and negotiate on their use later.

Q: Regarding tourism, is there any new programme that your administration would like to introduce to attract visitors within the next five years?

We should be more selective not only in terms of quantity matters, but in terms of quality as well. We need to have niche tourism markets to get high spenders.

At the moment, we cannot be choosy as we need them to fill up our hotel rooms and patronise our local businesses. But there will come a time when it will negatively impact the local environment.

We should move up a notch by focusing on higher spending and business travellers rather than the usual travellers.

Q: In your own opinion, what should an ideal Penang look like?

Economic growth with environmental sustainability would be an ideal situation rather than sacrificing the environment for the sake of development.

Development has to be balanced not only geographically, but also in the strata of society, meaning that the B40 class (households earning RM3,900 a month or less) must be able to benefit from the economic development.

There must be job opportunities and stable income for them. They must not be sidelined or living in poverty without jobs. If jobs can be made available to foreign workers, why can’t it be the same for locals?

Source: The Star

 

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Exclusive Update: Eco Horizon (May 2018)

Eco Horizon is a 300-acre integrated mixed development by EcoWorld at Batu Kawan. The project serves as the first gated and guarded landed residential development for EcoWorld in Penang.

The main highlight of this development is a flamingo-inspired lake garden which is spread over 13.6 acres of land – the equivalent of 13 football fields – and brings you closer to nature.

At Eco Horizon, 70% of the land has been earmarked for landed properties. The project will be home to four distinct homes collections. Last year, the Ashton Collection- comprising double-storey terraces – was launched and the developer will focus on the launching the Brydon Collection which is made up of semi-d’s and bungalows.

This development is located next to the landing point of the Penang Second Bridge and the Batu Kawan Industrial Park. A proposed major retail development catering to vibrant commercial activities and a university are among some of the amenities found at your doorstep!

Additionally, Eco Horizon provides thematic landscaped gardens which lend peace and calm amidst hectic lifestyles. The gazebo found on our grounds serve as a signature of all EcoWorld developments.

Featuring open concept homes in 8 distinct designs, within a gated & guarded community. The homes built-up range from 22’x70’, 25’x75’ up to 30’x60’. The Garden Home and Superlink come with wide car porch which can accommodate up to 3 cars. The unique part of  the Garden Home, is that each unit comes with a pocket garden, catering to different lifestyle options.

There is  also a 20’ back lane garden found in every unit, providing better childhood memories to children and encourage commune with nature.

Seeing is believing, experience it yourself by visiting Eco Horizon show village today. :)

* Exclusive update by Penang Property Talk *

Register your interest here

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Penang’s mega projects can now be completed earlier

Readers Column/ 27 May 2018 3 comments

LRT-MAP1by Charles Tan

The sky in Penang seems brighter today than before the GE14? I believe in general, Penangites would welcome the announcement by the newly minted Chief Minister Chow Kon Yeow. He said this in an article in TheSunDaily. “Need for Penang’s mega projects to be expedited.” Specifically, he said this in the article, “We have also received requests from Land Public Transport Commission (SPAD) to discuss how best to develop the projects.” Actually, this is a very powerful sentence because it showed that the federal and the state government are now working on the same side. Usually, this meant that there is now speed in everything that’s proposed. As long as the projects are beneficial to the state and its expedited, we are definitely looking at much brighter prospects for Penang moving ahead. Yes, also the property market even if everyone must still buy carefully because the number of unsold units remain high. Here’s an earlier article.

Some of the projects being classified as state mega projects are the underwater tunnel project which includes the construction of three major highways, the Southern Penang reclamation project, Penang Sky Cab and Light Rail Transit (LRT) with an estimated total cost of RM46 billion. Chow said that the implementation of the two major highways connecting the Tun Dr Lim Chong Eu Highway to Air Itam and Tanjung Bungah to Teluk Bahang under the Zenith Consortium will start first since both of these major highways has received Environmental Impact Assessment (EIA) approval. These mega projects are under the Penang Transport Master Plan. It will help to overcome traffic congestion in Penang and also connect the island to Seberang Perai. They are the 7.2km undersea tunnel project which will connect Persiaran Gurney to Bagan Ajam in Seberang Perai. The main highway construction comprises the 10.53km from Tanjung Bungah to Teluk Bahang, the Air Itam-Tun Dr Lim Chong Eu Expressway and the Persiaran Gurney-Tun Dr Lim Chong Eu Expressway. Full article in TheSunDaily.

For owners with homes in Penang today, you have made a great choice of buying and waiting. 🙂 Well, to those who believe the new CM of Penang, I guess it’s time that viewings start? Perhaps not yet the buying stage but the viewing stage can certainly start because property investment takes a lot of time to complete. Earlier article here. As for the actual projects that will proceed, I think it’s important that the it goes through the right stakeholders so that it is really beneficial to the state and not because it was something that was delayed and now it should be expedited. Connectivity is extremely important but the state government should also have an overall plan for the development of Penang for the next 5 years,10 years and more. I think this is the best time to sit down with the relevant stakeholders and discuss objectively. The element of ‘I am not on your side’ has been cast aside. We only have the Malaysian side today as demonstrated by majority of Malaysians. Happy investing.

>> This guest article comes courtesy of my friend, Charles, the founder of kopiandproperty.com. He is popular for sharing his thought on property investment mostly based on his own 14 years experience as well as from all the readings and conversations with property gurus in the industry. (Source)

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Pulau Jerejak world class development approved

Property News/ 25 May 2018 33 comments

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Majilis Perbandaran Pulau Pinang (MBPP) has allowed the developer of buildings at Pulau Jerejak to demolish the buildings, paving the way for redevelopment of the island, reported The Star.

The developer Tropical Island Sdn Bhd has been given planning permission with conditions – namely to not encroach on the island’s forest reserve – to undertake the project, said mayor Yew Tung Seang.

“It’s still in early stages as there are number of conditions attached which would need to be carried out after the demolition of the structures are completed,” he said.

According to the initial plan, this development will see the demolition of existing hotel buildings for the construction of luxury hotels and residences in multiple phases:

  • Phase 1: 10-storey hotel with 350 rooms and a 4-storey clubhouse
  • Phase 3: Three blocks of 10-storey serviced residence with shop offices
  • Phase 4: Two blocks of 10-storey condominium and 4-storey villa
  • Phase 5: 10-storey serviced residence

It was previously reported that there were plans to permanently gazette hundreds of acres on the island into a forest reserve, but those plans have not materialized yet.

 

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Open House at Mont Residence – 15 & 16 June 2018

Property News/ 24 May 2018 Comments off

You are cordially invited to visit the newly completed Mont Residence at Tanjung Tokong on 15/6 and 16/6, and experience the unique offering by this lifestyle condominium.

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Register for Mont Residence guided tour to find out more about the special package offered.

Register your interest here for Mont Residence tour

(This information may be used by the developer or their appointed agent to initiate follow-up communications with you on the project.)

Date/Time
15 & 16 June 2018
3:00PM – 6:00 PM

Venue
Mont Residence Condominium
Mount Erskine, Tanjung Tokong

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