The guidelines for the increase in development density to 128 units per acre from 87 units per acre will only come into effect next year in Penang.

Penang Local Government, Traffic Management and Flood Mitigation Committee chairman Chow Kon Yeow said the state was in the process of fine tuning the guidelines.

He nonetheless noted developers will still have to comply with the same requirements like having traffic impact assessments and contributions to public amenities.

“Developers still have to adhere to requirements,” he said when asked about the issue today during a visit to the Seri Delima constituency.

The allowance to increase the density was announced by State Housing, Town and Country Planning Committee chairman Jagdeep Singh last month.

The reason being that the higher the density, the smaller the unit size and the smaller the unit, the cheaper the price, which will result in cheaper units across the board.

Units built under the increased guideline cannot be less than 900²ft and not cost less than RM400,000 while affordable housing elements and low-cost (LC) and low-medium cost (LMC) components are maintained.

On the RM150 million allocated to the Sungai Pinang Flood Mitigation Plan Phase Three, Chow said the federal funds were to be channeled directly to the Drainage and Irrigation Department (DID).

“The DID director will supervise the project and the state government will be keeping tabs on the progress,” he said.

Source: TheSunDaily.my

Tropical Island Resort Sdn Bhd (TIRSB) has entered into a joint-venture agreement with Q Islands Development Sdn Bhd (QID), a subsidiary of Ideal Property Group, to redevelop the Jerejak Rainforest Resort & Spa and the 80 acres of land owned by TIRSB on the island.

TIRSB is a joint-venture company between UDA Holdings Bhd and Penang Development Corp with percentage equity of 51% and 49% respectively. As the owner of the resort, it had appointed Bestari Hospitality Management to operate the resort since 2004.

The resort is said to be quite popular among local tourists and TIRSB believes QID will be able to re-brand the operations, enhance the value of the development and turn the loss-making property into profitability.

TIRSB said in a statement today that the redevelopment master plan, which will consist of a bridge linking Pulau Jerejak to the main island, has been approved by the Penang state government.

The redevelopment will comprise 1,200 units of residential development, a marina, four- and five-star hotels, theme park, an 11.5km round island cycling track and related infrastructure to promote tourism in the state.

As at April 30, TIRSB has recorded an accumulated heavy loss since it commenced the operation of Jerejak Rainforest Resort & Spa in 2004, which resulted in its closure in May this year.

UDA will have 100% control of TIRSB upon completion of the Novation Agreement.

Consequently and in accordance with the joint-venture agreement between TIRSB and QID, the operation of Jerejak Rainforest Resort & Spa will be handed over to QID within six months after the formalisation of the terms and conditions of the agreement.

Construction of the redevelopment is expected to commence in 4Q2017, with completion slated within eight to ten years.

Read source article: TheEdgeProperty.com.my

Another newly proposed project by Biopolis Global Sdn. Bhd. at Tanjung Bungah. Strategically lcoated along Jalan Chan Siew Teong, easily accessible via Solok Tanjung Bungah. It is adjacent to Chee Seng Garden, just a stone’s throw away from Leader Garden condominium.

The proposed development will see the construction of a 8-storey low-rise building, offering 27 units of residential units.

More details to be available upon official launch.

Project Name : (to be confirmed)
Location : Tanjung Bungah, Penang
Property Type : Condominium
Total Units: 27
Built-up Area: (to be confirmed)
Indicative Price: (to be confirmed)
Developer : Biopolis Global Sdn. Bhd.
Last Updated: Dec 2019

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Want to be part of Penang’s most desirable community? Amaris, superluxe terrace houses by-the-sea® presents a golden opportunity for any homeowner who wishes to become part of the community here within the Seri Tanjung Pinang masterplanned development.

Exclusivity is key and there are only 29 units of these lovely houses being built. Reminiscent of the old town houses in George Town’s UNESCO World Heritage Site, Amaris terrace houses are designed with courtyards for better air circulation and light penetration. Amaris is also spacious and deep, just like the terrace houses of old Penang.

In fact, the total built-up areas in these 3-storey houses are almost the size of the STP’s Super Semi-Ds and Villas, ranging from 5,262 square feet in an intermediate unit to 6,540 square feet in a corner unit. There is a thoughtful inclusion of a lift for the convenience and consideration of multi-generation living.

Read more about Amaris

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An upcoming residential development by Airmas Synergy at Bukit Mertajam. It is strategically located near Jalan Permatang Rawa, just a stone’s throw away from Sunway Wellesley development scheme by Sunway Property. Only mere minutes drive to Bukit Mertajam town centre.

This development comprises a 13-storey condominium offering 140 residential units, with underground carparks.

More details to be available upon official launch.

Project Name : (to be confirmed)
Location : Bukit Mertajam, Penang
Property Type : Condominium
Total Units: 140
Built-up Area: (to be confirmed)
Indicative Price: (to be confirmed)
Developer : Airmas Synergy

Location Map: