Seri Tanjung Pinang (STP) encompasses two phases and is located at the northeast coast of Tanjung Tokong, Penang, Malaysia. The first phase (STP1) of the reclamation comprising 240 acres was completed in 2006. Reclamation of the 760-acre second phase (STP2) which commenced in 2016, is underway.

As a matter of background, 20 acres within the 240-acre STP1 was surrendered to the Penang State Government for the Penang Outer Ring Road (PORR) alignment. These 20 acres will be replaced in STP2 and hence, the original acreage of STP2 (740 acres as per Concession Agreement) has been increased to 760 acres.

Over and above the concession rights to reclaim 760 acres for the Seri Tanjung Pinang Phase 2, TPD is also reclaiming 131 acres off the Gurney Drive foreshore for the Penang State Government at its own cost. The Penang State Government has made known that a public park, Gurney Wharf, is slated to be created within the 131 acres on Gurney Drive foreshore.

The initial phase of STP2A is said to have a GDV of approximately RM380 million comprising 400 units of serviced apartments (600-1,200 sq ft) and 16-20 retail lots. Expected to launch in 2019.

Project Name : Seri Tanjung Pinang 2 (STP2)
Location : Tanjung Tokong, Penang
Property Type : Master planned development
Developer : Tanjung Pinang Development
Last Update: April 2019

Location Map:

Progress update from reader (Feb 2017)

Everyone likes to make money through property investments. Property investments have gone through a new ball game. Investors need to equipped themselves with the necessary tool to invest wisely.

Miichael has 20 years of experience in property and mortgage industry and would like to share with you the insights on how to be a wise property investor. For the last 5 years he has spoken in seminars, developers projects launch and also conducted many courses.

What are the steps should investors take when you invest in property? Miichael will share with you the right way to start your property investment journey and to avoid painful mistakes that will cost you a whole lot of money.

Highlights of Miichael’s talk

• Going forward what will happen in 2017?
• How to invest in turbulent times?
• The pitfalls in property investing.
• Strategies to use in 2017 and beyond
• How to make sure the banks lend to you?

It is time to break away from your usual routine. Instead of working 9-5 job look for alternative way to make more money.

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If you are serious to learn from Miichael he will be having a talk at

Venue: Vistana Hotel, Penang
Date: 8th April 2017
Time: 2.30 pm to 5.30 pm

Sign Up today…. Limited seats available

* Miichael Yeoh has over 20 years of experience in the mortgage and property investment industry. He works with prominent companies such as Standard Chartered Bank, Hong Leong Bank, HSBC, Prudential Unit Trust and Hwang DBS Unit Trust before embarking into his own business 10 years ago. Miichael is the CEO and Founder of GM Training Academy PLT.  He has helped thousands of loan borrowers by providing comprehensive mortgage advisory and solutions.

Miichael regularly conducts mortgage and property seminars and courses for the public, developers and estate agents. He is also a regular columnist and also has being featured in newspapers and magazines.  Miichael is also the author of 2  books “Think like A Banker, Act Like A Player” and “Property Investment BLT, Size Up your return with Bank,Law,Tax”

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Eastern & Oriental Bhd’s (E&O) subsidiary Tanjung Pinang Development Sdn Bhd has acquired 100% equity interest in two shelf companies, namely, Persada Mentari Sdn Bhd and Junjung Angkasa Sdn Bhd.

Both companies were incorporated as private limited companies under the Companies Act 2016 with an issued and paid-up share capital of RM1 comprising one ordinary share.

Tanjung Pinang Development is currently working on the second phase of Seri Tanjung Pinang (STP).

STP is essentially a seafront development situated along Penang’s north-east coast and sits between George Town and the beaches of Batu Ferringhi.

The reclamation project STP2 has already begun dredging works after securing all the necessary approvals.

Aside from the reclamation of 760 acres under the project’s concession agreement, which is slated to be completed by June 2018, E&O is reclaiming a further 131 acres at its own cost along the Gurney Drive foreshore for the Penang state government.

Source: TheStar.com.my

Population is the key driver of growth in property market. Here is a comparison between two affordable projects – highly populated area in mainland versus a less populated area in the Island.

Take a look at the comparison between the two projects below. Despite Quinton offers cheaper options in the Island, the response to The Park @ Mak Mandin has been way better as indicated from our analytic report.

	The Park	Quinton
Developer	Silver Channel Sdn. Bhd. (Tamarins Group)	Prisma Bumiraya Sdn. Bhd. (Pearl Ocean)
Location	Butterworth	Balik Pulau
Standard unit size	1,042 sq.ft.	775 sq.ft. – 900 sq.ft.
Price psf.*	RM247 onward	RM287 onward
No. of carpark	1	1
Selling Price*	RM247,000 onward	RM223,000 onward
Land tenure	99 years	Freehold
Total units	780	383
Expected completion	2020 (estimated)	2020 (estimated)
Highest floor	14	16
5 nearest schools	SRJK (C) Mak Mandin (0.5km) SK/SMK Mak Mandin (0.5km) SJK (T) Mak Mandin (0.5km) SRJK (C) Kwang Hwa(1km) SMK Bagan Jaya (1.5km)	Titi Teras Primary School (0.2km) Prince of Wales Island International School (3.5km) Sacred Primary & High School (2km) St. George’s School (2km) Chong Teik Primary School (2km)
5 nearest malls	Billion Supermarket (2km) Econsave Raja Uda (2km) *Penang Sentral Mall (5km) Sunway Carnival Mall (5km) Tesco Extra S.Jaya (6.5km)	Queensbay Mall (18km) Bukit Jambul Complex (15km) Sunshine Square (15.5km) Giant Hypermarket (15.5km) Tesco Hypermarket (20.5km)
Web popularity (Past 60 days)	14,300 pageviews	2,230 pageviews
Travelling to (off peak) Penang Bridge 2nd Bridge Airport Komtar FTZ	10km (12 minutes) 30km (24 minutes) 29km (26 minutes) 26km (24 minutes) 26km (24 minutes)	19km (30 minutes) 21km (35 minutes) 17km (26 minutes) 17km (26 minutes) 26km (45 minutes)
	More about The Park @ Mak Mandin	More about Quinton @ Balik Pulau

*Based on initial soft-launch price

A newly proposed gated and guarded housing scheme by Seri Pinang Resources Sdn. Bhd. at Teluk Kumbar. It is located along Jalan Teluk Tempoyak, less than 10 minutes drive from Penang Second Bridge.

This luxury strata development comprises 68 units of semi-detached and bungalows, with 4 different design types:

• Type A: 3-storey bungalows (17 units)
• Type B: 4-storey bungalows (7 units)
• Type C: 3-storey semi-detached (32 units)
• Type D: 3-storey bungalows (12 units)

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

Project Name : (to be confirmed)
Location : Teluk Kumbar, Penang
Property Type : Gated and guarded
Total Units: 36 (bungalow), 32 (semi-d)
Indicative Price: (to be confirmed)
Developer : Seri Pinang Resources Sdn. Bhd.

Location Map: