The first phase of the Penang Sentral transportation hub is expected to be completed this year, almost a decade after the ground-breaking ceremony by then prime minister Tun Abdullah Ahmad Badawi.

Planner Goh Choon Aik, who was appointed by the Malaysian Resources Corporation Berhad (MRCB), the developer for the project, said a 10-storey building is coming up on the former Butterworth bus station site.

He said the building will have shops, ticketing counters, prayer rooms, a food court and a nursery to accommodate the needs of travellers.

He said 900 parking spaces will be provided for the convenience of those using transport facilities there.

Goh said Penang Sentral played an important role in streamlining transportation in the state as the place was a hub for long and short distance buses, taxis, ferries and trains.

Goh, who has been involved in the project since 2007, expressed his confidence the project will improve the quality of transportation in Penang.

He said other phases will complement the transportation element as plans for a hotel and commercial building were being drawn up.

“MRCB, the developer for the Kuala Lumpur Sentral project, has also designed Penang Sentral along similar lines,” he told theSun recently.

Goh said the entire project was divided into eight phases where the second to fourth phases consisted of a shopping complex, three 36-storey office blocks and a 35-storey hotel.

“The other phases are still being worked out,” he said.

On the project delays, Goh said the developer faced land ownership issues and that was why construction only started in 2015.

He said these landowners included the federal government, state government, the concessionaire for the Butterworth Outer Ring Road (BORR), POS Malaysia and KTM Bhd.

“It is challenging to resolve these issues, I spent about four years addressing this matter,” he said, adding that measures to ensure construction work did not affect the ferries and train operations which were needed to be put in place too.

Source: TheSunDaily.my

Island View Residences, a low density development by Malvest Group at Butterworth Penang. Strategically located between Jalan Kampung Gajah and Butterworth Outer Ring Road, next to Vista Perdana apartment. It’s only about 3km away from the upcoming Penang Sentral.

This development comprises a 12-storey condominium offering 57 residential units with panoramic of Penang Island. There will be also 8 units of 3-storey semi-detached houses.

More details to be available during official launch.

Property Project : Island View Residences
Location : Butterworth, Penang
Property Type : Condominium and semi-detached
Total Unit: 57 (condo), 8 (semi-detached)
Built-up Area: (to be confirmed)
Indicative Price: (to be confirmed)
Developer: Malvest Group

Location Map:

Another newly proposed development by Taman Sri Bungah Sdn. Bhd. (BSG Property) at Tanjung Bungah, Penang. Located off Jalan Loh Poh Heng, right next to Hillview Garden. It is only a mere minutes drive to Tunku Abdul Rahman University College.

The development comprises a mix of high-rise residential and landed commercial units:

• 45-storey luxury condominium (90 units)
• 34-storey apartment (342 units) with 2 units of shop lot
• 3-storey office lot (1 unit)
• 2-storey restaurant (2 units)

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

Project Name : (to be confirmed)
Location : Tanjung Bungah, Penang
Property Type : Residential and commercial
Total Units: 90 (condo), 342 (apartment)
Built-up Size: (to be confirmed)
Developer : Taman Sri Bungah Sdn. Bhd. (BSG Property)

Location Map:

Hua Yang Berhad has charted a successful expansion into the Penang property market via the positive reception of its first development in the State. Meritus Residensi, which was introduced in November 2016, recorded a good take up rate of 34%.

The project, which was officially launched on 31st January 2017 in conjunction with the Group’s Chinese New Year celebration, comprises 480 units of serviced apartments and 15 retail shops with an estimated Gross Development Value (GDV) of RM220 million. This 4.32-acre development makes up the first phase of a 6.98-acre freehold mixed development located along the vibrant Jalan Baru. The estimated GDV of the overall development is RM324 million.

Speaking at the official launch of the project, Assistant General Manager of Hua Yang, Tony Ng said that the Group will continue its efforts in offering affordable housing in the Penang market. “There is a rise in demand for affordable homes in Malaysia and this is especially evident in key urban centres such as Penang. The State is developing rapidly and land is becoming more and more scare, opening doors to high-rise developments such as Meritus Residensi.”

“We are heartened that our inaugural project here has been well-received, and this encourages us to further commit resources in developing affordable projects in Penang. One way to do this is to ensure we continuously engage with Penangites, and this is only possible if we are present here on a permanent basis.”

Meritus Residensi comes in a variety of sizes, from 945 sq.ft. (square feet) onwards, and are priced from RM364,500. The project is expected to be completed by 2020. The Group now has a total undeveloped land bank of 335 acres in the Northern region with a potential GDV of RM1.9 billion.

Established in 1978, the Group today is recognised as one of the nation’s leading property developers in the affordable housing segment, with a strong footprint in Klang Valley, Perak and Johor. The Group’s foray into the Northern region is an extension of Hua Yang’s vision to help make dreams of affordable home ownership a reality.

Picture for illustration only

Property and construction-based PLB Engineer-ing Bhd is planning to start a RM2.6bil affordable housing project in Paya Terubong in mid-2017 on a 113-acre site.

Group executive chairman Datuk Seri Ong Choo Hoon told StarBiz at an AGM recently that the project would comprise 7,658 affordable units priced between RM300,000 and RM390,000.

“The project would be launched in stages over a six-year period.

“This year, we plan to kick off with the development of 1,280 affordable units with a gross development value of RM450mil,” he said.

Ong said the group planned to develop over 2,000 units of commercial and residential properties on the same site in the near future.

On the island, the group plans also in June to develop an RM150mil condominium project in Zoo Road.

“There are 206 units, of which 50 units will be priced between RM200,000 and RM300,000.

“The other units are priced from RM500,000 onwards,” he said.

In 2019, Ong said the group planned to develop an RM1bil mixed-development project on a 200-acre site in North Seberang Prai.

“We plan to develop landed property, apartments and shophouses on the site,” he added.

The group currently has over 100 acres of undeveloped land bank on the island and about 300 acres in Seberang Prai.

In a recent announcement to Bursa Malaysia, the group said it had unbilled sales of RM46mil from ongoing construction projects in Bukit Minyak, Prai and Penang island, which is expected to contribute to the group’s turnover over the next one year.

PLB said the property development segment for the group would continue with the development of the final phase of the Balik Pulau, Greenwish Garden at Batu Maung and Paya Terubong projects.

“Barring any unforeseen circumstances, the prospects of the group for the financial year 2017 remains positive,” PLB said.

For the first quarter ended Nov 30, 2016, PLB posted a net loss of RM503,000 on the back of a turnover of RM51.8mil.

Source: TheStar.com.my