Proposed development by Tropical Island Resort Sdn. Bhd. (subsidiary of UDA Holdings Bhd.) at Jerejak Island (Pulau Jerejak). Located off the eastern coast of Penang Island, approximately 80 acres land on the small island will be redeveloped into a world class resort and residences.

This development will see the demolition of the existing hotel buildings for the construction of in multiple phases:

Phase 1

• 10-storey hotel with 350 rooms
• 4-storey clubhouse

Phase 3

• 3 blocks of 10-storey serviced residence (450 units)
• 5-storey shop offices (60 units)

Phase 4

• 2 blocks of 10-storey condominium (556 units)
• 4-storey villa (44 units)

Phase 5

• 10-storey serviced residence (180 units)

This project is still pending for approval, more details to be available upon official launch.

Property Project : (to be confirmed)
Location : Pulau Jerejak
Property Type : Mixed resort development
Tenure: (to be confirmed)
Indicative Price : (to be confirmed)
Developer : Tropical Island Resort Sdn. Bhd.

Location Map:

Picture for illustration only

Residential units at the former Customs Department quarters in Jalan Kampung Kastam here are being demolished to make way for a 1Malaysia Housing Project (PR1MA) effort.

A statement by the Office of the Land and Mines Department Director General said PR1MA homes will be built on the 7.2ha site.

“This is to enable the people of Penang to purchase affordable housing in that area,” the statement said.

According to the statement, the land is owned by the Federal Land Commission and the demolition exercise involves 144 quarters of which 77 have been vacated.

There are still residents staying in the remaining 37 units.

The statement said only vacated units will be demolished and decided upon by the State Technical Planning Committee.

“For units with residents, the Department has to bring up the matter with the State Land Committee before any demolition can be carried out,” it said.

The quarters used to house employees of the Customs Department in the 1960s.

Meanwhile, the demolition exercise continued yesterday with another 57 uninhabited houses demolished.

Police were on hand to ensure the peace as the work was carried out by developers beginning at 9am.

Source: The Sun Daily

Another proposed residential development by Airmas Group at Butterworth. Strategically located along Lorong Kubur, about 500 meters away from the ever bustling Jalan Raja Uda. It is only 5 minutes’ drive to Penang Sentral, under 20 minutes to Penang Bridge.

The proposed development will see the construction of a 20-storey condominium, 4 units of semi-detached houses and a 2-storey shop office.

This project is still pending for approval, more details to be available upon official launch.

Property Project : (to be confirmed)
Location : Butterworth
Property Type : Condominium, semi-detached & shop office
Tenure: Freehold
Total Units : 144 (condo), 4 (semi-d), 1 (shop office)
Indicative Price : (to be confirmed)
Developer : Airmas Development Sdn. Bhd.

Location Map:

Ewein Zenith is developing City of Dreams twin residential blocks in the Seri Tanjung Pinang neighbourhood.

In a filing with Bursa Malaysia on Tuesday, the property developer and sheet metal fabricator said its 60%-owned subsidiary and CZ (previously Consortium Zenith BUCG Sdn Bhd) had mutually terminated their sale and purchase agreement (SPA) for the 4.4252-acre (1.79ha) land in Section 1, Tanjung Pinang.

They also agreed to release and discharge each other from the rights, liabilities and obligation contained in the SPA subject to the terms and conditions in the termination agreement.

“The parties have mutually agreed to terminate the SPA because the land alienated is approximately 2 acres only which is a substantial reduction in the size of the subject land referred to in the SPA,” Ewein said.

The announcement did not explain why the size of the alienated land had been reduced.

Ewein said within three months, CZ, which owns the remaining 40% stake in Ewein Zenith II, would refund to Ewein Zenith II the deposit of RM16.2mil with interest at a mutually-agreed rate.

It was reported that CZ would receive a total of 44.5ha of freehold reclaimed land in Tanjung Pinang from the state government for undertaking the Penang mega project.

Ewein Zenith II signed the agreement to buy the 1.79ha parcel from CZ for RM162mil in December 2015.

The following month (January 2016), Ewein’s other 60%-owned property development subsidiary Ewein Zenith Sdn Bhd inked a memorandum of agreement with CZ to grant Ewein Zenith the right to buy three parcels of land totalling 50 acres (20.23ha) at Tanjung Pinang at RM1,300 per sq ft.

The 50-acre land was earmarked for the development of the Wellness City of Dreams project, which includes a wellness resort and wellness apartments, among others.

The parties agreed for the said land to be further divided into ten parcels of land and that they would enter a separate SPA for each parcel..

Ewein noted that it had aggregated the proposal together with the proposed land acquisition inked in December 2015 and treated them as if they were one transaction, as both transactions were entered into with the same party within a period of 12 months.

Source: TheStar.com.my

An ongoing residential development by Publicity Development Sdn. Bhd. at Bertam. Located along Jalan Kubang Menerong, about 2km away from Bandar Putra Bertam. Driving to Penang bridge during off peak hours will take approximately 30 minutes.

This development comprises a mix of landed properties, with an indicative price starting from RM257,000 onwards:

• Single storey semi-detached (22 units)
• Single storey terrace (31 units)
• 1.5-storey semi-detached (12 units)
• 1.5-storey terrace (9 units)

Property Project : (to be confirmed)
Location : Bertam
Property Type : Semi-D & Terrace
Tenure: Freehold
Total Units : 74
Indicative Price : RM257,000 onwards
Developer : Premium Flame Development Sdn. Bhd.

Location Map: