Golden Gateway is a SME Industrial Park located on a 20.5 acre land at the southeast part of Batu Kawan. Strategically located off Jalan Perusahaan Valdor, just a mere minutes drive to Batu Kawan Industrial Park. It is only 5 minutes away from Penang Second Bridge, less than 5km away from North-South Expressway – Batu Kawan Interchange.

This freehold development comprises a mix of semi-detached and detached industrial units, with built-up area ranging from 5,500 sq.ft. onwards. A fully integrated industrial park that offers 4-in-1 business solutions.

Project Name : Golden Gateway
Location : Batu Kawan
Property Type : Light & Medium Industrial factory
Built-up Size: 5,500 sq.ft. onwards
Total Units:: 54
Tenure : Freehold
Developer : Golden Land Berhad

Location Map:

SITE PROGRESS

SITE PROGRESS: Golden Gateway (Aug 2020)

SITE PROGRESS: Golden Gateway (Feb 2020)

SITE PROGRESS: Golden Gateway (Sept 2019)

Motorists can expect a smoother ride from Bayan Lepas to Teluk Kumbar by the end of the year when the road upgrading project between the two places is completed.

Project manager Che Iskandar Che Din said the RM207mil project, which includes the widening of a 3km stretch from Bayan Lepas to Teluk Kumbar, was expected to be fully completed and opened in December.

It also involves the construction of a 750m-long flyover connecting Jalan Bayan Lepas to Jalan Teluk Kumbar and an elevated U-turn along Jalan Sultan Azlan Shah in Sungai Tiram.

He said the federal project began in February 2014 and was originally scheduled to be completed in August last year.

“Unfortunately due to unexpected circumstances involving underground piping and cable wirings from nearby industrial and residential structures, we extended the completion date twice.

“We are positive the project will be completed at the end of this year,” he said during a site visit by Bayan Baru MP Sim Tze Tzin yesterday.

Sim said the upgraded road would shorten the journey time for many people.

He thanked locals for their patience and co-operation during the on-going works for the project.

Resident engineer Zamri Yusuf said the project required the demolition of some buildings and infrastructure in its early stage.

These included the old Bayan Lepas police station, south-west district health office’s vector control unit and Bayan Lepas Village Security and Development Committee (JKKK) hall.

Zamri said temporary buildings were constructed for the station, hall and vector control unit.

“We have begun constructing the new buildings for them at or near their previous locations” he added.

Source: TheStar.com.my

A newly proposed residential development by Definite Harmony Development Sdn. Bhd. at Sungai Ara, Penang. Strategically located along Jalan Tun Dr. Awang, next to The Clovers condominium by Asia Green Group. It is less than 2km away from Penang International Airport.

The initial phase of the development comprises a 31-storey condominium, offering 174 residential units with 6 levels of car park and facilities located at level 7.

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

Property Project : (to be confirmed)
Location : Sungai Ara
Property Type : Condominium
Tenure: Freehold
Total Units : 174
Indicative Price : (to be confirmed)
Developer : Definite Harmony Development Sdn. Bhd. (WHH Land)

Location Map:

Mezzo, the first residential project at The Light City – a large-scale 32.76 acre integrated mixed-use waterfront development by  IJM Perennial Development in Gelugor, Penang. It is strategically located next to the Light Collection, just a mere minutes drive from Penang bridge.

This residential project comprises two 34-storey residential towers, offering 456 seaview condominium units with various built-up sizes. It is expected to be unveiled in early 2021.

More details to be available upon official launch.

Project Name : Mezzo @ The Light City
Location : Gelugor, Penang
Property Type : Residential
Tenure: Freehold
Total Units : 456
Built-up Area: Typical units @ 1033 sf (2 Bedroom) & 1292 sf (3 bedroom)
Indicative Price : RM900,000 onwards
Developer : Jaringan Simfoni Sdn Bhd (IJM)
Last Updated: Dec 2020

Location Map:

SITE PROGRESS

SITE PROGRESS: Mezzo @ The Light City (Oct 2024)

SITE PROGRESS: Mezzo @ The Light City (Jun 2024)

SITE PROGRESS: Mezzo @ The Light City (Mar 2024)

SITE PROGRESS: Mezzo @ The Light City (Dec 2023)

SITE PROGRESS: Mezzo @ The Light City (Aug 2023)

SITE PROGRESS: Mezzo @ The Light City (Nov 2022)

SITE PROGRESS: Mezzo @ The Light City (Apr 2022)

This is with reference to media reports on calls to review housing loan criteria for potential buyers of affordable houses. The comments made by some parties had caused confusion and were not based on facts and accurate information. If the issue of affordable housing is to be resolved, all parties must be clear on the root cause of the matter and honestly strive to help those affected by it.

Eligible home buyers will continue to have access to financing. In the first five months of 2017, RM40 billion of housing loans were approved to more than 152,000 borrowers. Three quarters of these borrowers were first time house buyers. The approval rate for housing loans has also been stable at 74%.

Banks have also introduced more flexible financing solutions to improve affordability, such as that offered for PRIMA homes. Outstanding housing loans has continued to outpace overall loan growth, increasing by 8.6% y-o-y to RM493 billion as at end-May 2017.

The responsible financing guidelines are in place to protect the interests of borrowers by ensuring that those who borrow are within their capacity to honour their financial obligation. Financial institutions will offer financing to all eligible borrowers and only reject loan applicants who are clearly over-extended in terms of the ability to take on more debt and have adverse credit repayment histories. It is worth reminding that banking institutions’ core business is to provide financing.

Based on engagements with banking institutions, housing loans rejected by banking institutions mostly involved borrowers with high levels of pre-existing debt obligations that would expose them to severe financial risk if further debt is extended. For such borrowers, the risk of foreclosure is significantly higher and they are much more likely to fall in financial hardship in the event of income shocks or large medical expenses.

Solutions to affordable housing need to address the shortage of affordable houses and the high house prices relative to income. Based on National Property Information Centre’s data, less than 30% of new housing launches in 2015-2016 were for houses priced less than RM250,000, compared to 70% during the 2008-2009 period. Housing affordability has not improved significantly where average national house prices remained at 4.4 times of median income (affordable range is 3.0 and below), with lower affordability recorded for some major states and urban cities. Housing developers, working together with authorities and relevant stakeholders, should therefore intensify efforts to reduce costs and accelerate supply.

Source: BNM