Nafiri @ Val d’Or, a light industrial development by GUH Holding at Sungai Bakap. Strategically located next to 156.5km of North-South Expressway, adjacent to Valdor Industrial Estate. It is just a short drive away from Hijauan Valdor housing scheme by Asas Dunia.

This development will feature 58 units of 3-storey semi-detached light industrial factories, with two types of layout to choose from: Type A, has an approximate built-up of 4,534sq ft and Type B has about 7,624sq ft.

Project Name : Nafiri @Val d’Or
Location : Sungai Bakap
Property Type : Light Industrial factory
Built-up Size: 4,534 sq.ft. & 7,624 sq.ft.
Total Units:: 58
Tenure : Freehold
Developer : GUH Realty Sdn. Bhd. (GUH Holding Bhd.)

Location Map:

Proposed high-rise residential development by Orientside Development Sdn. Bhd. in Batu Ferringhi, Penang. Part of the company’s 13.3ha development next to the island’s tourism belt in Batu Ferringhi and adjacent to Uplands International School.

The latest proposal comprises a 47-storey building with 8 levels of carpark and 2 residential towers. The first tower (Q1) consists of 110 condominium units whereas the second tower (Q2) will offer another 146 units.

This project is still pending for approval. More details and photos to be available upon project launch.

Property Project : (to be confirmed)
Location : Batu Ferringhi, Penang
Property Type : Condominium
Total Units: 256
Built-up Area: (to be confirmed)
Indicative Price: (to be confirmed)
Developer : Orientside Development Sdn. Bhd.

Location Map (approximate):

The Penang government has decided to postpone its decision to raise the contribution fee by developers who fail to build low-cost and low medium-cost housing until the year-end.

State Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the state received complaints from Penang Real Estate and Housing Developers Association (Rehda) and other stakeholders after the new rate was imposed on Feb 1.

“Rehda wrote to me earlier and the state government had looked into the matter. I told the Chief Minister that instead of imposing the new rate immediately, the state should give the developers a moratorium.

“In the state exco meeting on Wednesday, we agreed to postpone the new rate until the end of the year so that they can have a transition period.

“However, I would like to remind developers to get ready for the new rate,” he said when asked about Rehda’s complaints at a press conference yesterday.

Jagdeep stressed that the state administration was a government for the people and not developers.

“You must understand the reason we have this contribution – the state government wants low-cost and low medium-cost units to be built.

“The contribution fee serves as a penalty to developers who do not build such housing units,” he said.

Jagdeep said the contribution was being raised so that the state government would have the funds to build low-cost and low medium-cost housing.

“If you (developers) don’t build, you pay. Then I (state government) build.

“And now, we have the Goods and Services Tax, the prices of steel are going up, and the construction cost of each unit is rising. That is the reason we increase the contribution from RM120,000 to RM150,000,” he said.
A Chinese daily quoted Penang Rehda chairman Datuk Toh Chin Leong as saying the association had met the state government over the new rate.

Toh said the increase would affect the real estate industry in the state, and the developers might transfer the additional cost to the house buyers.

The state government strictly enforces the requirement for developers to build 40% low medium-cost units on the island and 30% low-cost units on the mainland in any housing development projects.

Only in certain cases deemed fit by the State Planning Committee will the developers be allowed to pay a RM120,000 contribution per unit in lieu of not building such units.

Source: TheStar.com.my

The Penang government will spend RM10mil to refurbish the Mayang Mall building in Bayan Baru and turn it into a Global Business Services (GBS) centre for investors.

Chief Minister Lim Guan Eng said the GBS industry had huge growth potential and needed a conducive business environment in order to flourish.

“The refurbishment works will include a major facelift of the building facade and improvement of shared facilities,” he said in his speech during the launching of GBS@Mayang at the mall’s atrium on Friday.

Most importantly, he said the infrastructure upgrades would meet the standards of the MSC (Multimedia Super Corridor) Malaysia Cybercentre.

About 110,000sq ft of office space will be made available once the refurbishment is completed in January next year.

“Penang is second after Klang Valley in hosting the most number of MSC Malaysia status-companies in Malaysia,” he said.

He added that GBS@Mayang was part of the state’s master development plan to offer conducive enterprise space and environment for investors and supporting talents worldwide.

He said a second phase, tentatively called ‘GBS by the Sea’ at Phase 4 of the Bayan Lepas Free Industrial Zone (FIZ), would follow soon.

Penang Development Corporation general manager Datuk Rosli Jaafar said the rebranding of Mayang Mall was timely as it would create synergy and connectivity within the satellite township of Bayan Baru.

“Bayan Baru township was developed in the 1970s as an industrial town supporting and complementing the growth of the Bayan Lepas FIZ.

“Over the years, our industrial technology has grown by leaps and bounds as we move to high technology, R&D (research & development) and skilled labour force.

“Penang’s vision is to attract more GBS, both local companies as well as multinationals,” he said during a slide show presentation.

Source: TheStar.com.my

A proposed development by Total Vista Development Sdn. Bhd. in Bukit Minyak. Located next to Taman Markisah, just a stone’s throw away from Bukit Minyak Industrial Park. It is only less than 5 minutes drive to AOEN Big hypermarket.

This development will be developed in four phases, offering a mix of high-rise and landed residential units:

Phase 1

• 2-storey terrace houses (56 units, gated & guarded)
• 2 block of 19-storey condominium (268 units)
• 1 block of 15-storey low cost apartment (220 units)

Phase 2

• 2 block of 19-storey condominium (268 units)

Phase 3

• 1 block of 17-storey low cost apartment (182 units)

Phase 4

• 1 block of 17-storey low cost apartment (182 units)

This project is still pending for approval. Details to be available upon project launch.

Project Name : (to be confirmed)
Location : Bukit Minyak, Penang
Property Type : Residential
Total Units: 56 (terrace), 536 (condo), 584 (apartment)
Indicative Price: (to be confirmed)
Developer : Total Vista Development Sdn. Bhd.

Location Map: