The 44.3-acre Utropolis Batu Kawan development, with an approximate Gross Development Value (GDV) of RM1.8 billion, comprises well-integrated residential, commercial, retail and hotel components, anchored by a new flagship campus for KDU Penang University College, owned and operated by Paramount Education. The 10.5-acre campus will be the biggest purpose-built campus in Batu Kawan when fully completed.
Work on the development has commenced; the campus is scheduled for completion by 2019, while the first phase of the property development offering, comprising offices and retail shops, is now on sale, with gross prices starting from RM326,600. The second phase is expected to launch soon.
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A proposed residential development by Golden Village Properties Sdn. Bhd. at Seberang Jaya, Penang. Located along Jalan Permatang Pauh, just a stone’s throw away from Butterworth-Kulim Expressway interchange. It will only take a mere minutes drive to Sunway Carnival Mall and about 5 minutes to Butterworth town center.
This development will see the construction of a two residential buildings and shop offices:
9-storey affordable condominium (112 units)
11-storey medium cost condominium (198 units)
4-storey shop offices (6 units)
This project is still pending for approval. More details to be available upon official launch.
Project Name : (to be cofirmed) Location : Seberang Jaya Property Type : Condominium Built-up Size: (to be confirmed) Total Units: 112 (affordable), 198 (condo), 6 (shop office) Indicative Price: (to be confirmed) Developer : Golden Village Properties Sdn. Bhd. Last Updated: June 2021
Yet another newly proposed mixed development by Iconic Development Sdn. Bhd. at Sungai Nibong. Strategically located along Jalan Sultan Azlan Shah, next to SK Sungai Nibong. It is only 10 minutes walk to two future LRT Stations – Sungai Nibong & Pesta Stations.
This development will feature a mix of 49-storey condominium (268 units) and 36-storey office suites (176 units).
This project is still pending for approval. More details to be available upon official launch.
Project Name : (to be cofirmed) Location : Sungai Nibong Property Type : Mixed development Built-up Size: (to be confirmed) Total Units: 268 (condo), 176 (suites) Indicative Price: (to be confirmed) Developer : Iconic Development Sdn. Bhd.
We have found yet another job posting by IKEA Southeast Asia for their first IKEA store in Penang.
From the latest job posting, it seems IKEA is now targeting to open their new store in Penang by 1st quarter of 2019. The company is now looking for a Deputy Store Manager, who will be on the job training at IKEA Cheras for 12-18 months and relocate to IKEA Penang in late 2018.
First announced in early 2014, IKEA Penang will be the forth IKEA store in Malaysia and the second one outside of Klang Valley after Johor Bahru. Ikano had teamed up with Aspen Group in September 2014 to purchase 245 acres of land in Batu Kawan from Penang Development Corp to develop the Aspen Vision City (AVC), where the IKEA store would be located.
The IKEA store will bring affordable range of functional home furnishings to the northern region, along with hundreds of job and economic spin-off opportunities for the local community. The construction of the new IKEA store was scheduled to complete by Q3 2018. However, the latest job posting indicated that the new store will only open in Q1 2019.
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