A proposed residential development by Allied Energy Sdn. Bhd. at Bukit Tengah. Located within Taman Kerjasama, easily accessible via Jalan Bukit Tengah. It is just a stone’s throw away from Jalan Baru Roundabout.

This development will offer a 29-storey condominium with 100 residential units. Facilities to be built at ground and 6th level.

Project is still pending for approval. More details to be available upon official launch.

Project Name: (to be confirmed)
Location : Bukit Tengah
Property Type : Condominium
Total Units: 100
Land Tenure : Freehold
Indicative Price: (to be confirmed)
Developer : Allied Energy Sdn. Bhd.

Location Map:

Following the highly successful Utropolis Glenmarie in Shah Alam, Paramount’s visionary university metropolis will soon set foot in Batu Kawan, Penang.

Utropolis @ Batu Kawan is a 44.15 acres self-contained master-planned township anchored by a 15-acre new flagship campus of KDU Penang University College. Featuring a mix of freehold residential and commercial components including serviced residence, office & retail spaces and a hotel. The new township will offers a live-and-learn, work-and-play environment that promotes healthy learning and work life balance.

Located at the center of Batu Kawan – a district that is meticulously planned as a hub for leisure and entertainment, medical, education, tourism and technology. Its strategic location affords residents convenient access to major shopping, entertainment attractions and medical establishment namely the upcoming Design Village, IKEA and Columbia Asia. Not to mention the lifestyle retail shops within Utropolis Batu Kawan’s lively premises.

Utropolis Batu Kawan enjoys easy access to highways. With direct linkage to North-South Expressway and Penang Second Bridge, it ensures smooth commute to your workplace, and also to attract daily flow of visitors from the many nearby developments.

Lifestyle Commercial Suites

Coming soon is the first phase of Utropolis Batu Kawan, showcasing two blocks of 18-storey studio towers and 196 units of commercial suites.

For those who look to start a small business and or first-time commercial property investment, the flexible lifestyle commercial suite offers various built-up size catering to different business needs and financial affordability.

Unit size starts from 400 sq.ft. onwards, comes with the flexibility combining multiple units to meet your space investment goals. For convenience and better hygiene, each unit will have its own toilet.

Need a more inspiring area? Its promenades and al-fresco cafes will serve wonderfully as meeting and working spaces.

Studio Lifestyle Suites

If commercial property does not match your investment appetite, stay tuned for the unveiling of the 612-unit studio lifestyle suites in the fourth quarter. With practical, open-plan layouts, the studio units are well suited to students, couples and young families.

Other than education within your convenience, the residential components will be complemented by the lifestyle commercial suites and the neighboring shopping and entertainment attraction within the walking distance.

To further instill the live-and-learn concept, a purpose-built private Smart School is also planned to be built within Utropolis Batu Kawan to offer Malaysian Curriculum following the best practices from the leading schools across the world.

Looking at the industrial and commercial developments in Batu Kawan’s pipeline, the increase in commercial activities and the job opportunities will enhance its value as it matures into a full-fledged township.

Location Map:

Upcoming Utropolis@Batu Kawan

Paramount Corp Bhd’s second quarter net profit soared 70% to RM23.9mil from RM14.1mil a year earlier, on higher contribution from its property division and higher student enrolments at its KDU University College.

Revenue for the quarter ended June 30, 2016 rose 26% to RM145.3mil compared to RM115.3mil previously, the company told Bursa Malaysia in a filing yesterday. Paramount announced an interim single tier dividend of 2.5 sen for the financial year ending Dec 31, 2016 (FY16).

Chief executive officer Jeffrey Chew said the second quarter results had improved significantly after a lacklustre first quarter performance due to the festive breaks and general market sentiment.

He said that the results were also boosted from realising gains on the sale of student accommodation apartments in Petaling Jaya, which were no longer required following KDU’s move to its new flagship campus at Paramount Utropolis in Glenmarie.

“Prospects for Paramount property are improving, especially in the area of commercial properties, where astute investors are looking to make long term strategic investments,” Chew said in a statement.

The planned launches for the group’s commercial developments are Sekitar26 Enterprise shop lots, Greenwoods Salak Perdana shop houses and Paramount Utropolis Batu Kawan shop lots.

Find out more about Utropolis @ Batu Kawan

“These will be complemented by the launch of several residential developments to maintain our business strategy of having an array of products at different price points and locations,” Chew said.

He said that Paramount property has been finalising for the rollout of its new development in Batu Kawan, Penang.

On Paramount education arm, Chew said that the business would continue to be intensely competitive, especially in the tertiary segment. “The muted economic environment has driven many private higher education providers to offer significant reductions in tuition fees by way of discounts and promotions,” he said.

He added that the primary and secondary segment would see more new schools opening, with more in the pipeline scheduled for 2016 to 2018.

Paramount property division posted a 39% jump in revenue in the second quarter to RM107.6mil from RM77.7mil a year ago, due to higher progressive billings recorded across all its developments and higher sales recorded by the Sejati Residences, Sekitar26 Business and Greenwoods Salak Perdana developments.

Meanwhile, its education sector’s revenue for the quarter was maintained at same level as last year at RM37.4mil, while profit before tax increased by 112% to RM13mil from RM6.1mil last a year ago due to gain from from sale of student apartments in Petaling Jaya.

For the first half of the year, Paramount’s net profit dropped 9.8% to RM33.6mil from RM37.2mil a year ago. Revenue for the period fell by 7.7% to RM258.6mil from RM280.58mil.

Source: TheStar.com.my

We bring you an exclusive preview of the upcoming outlet mall at Batu Kawan – Design Village.

A world class shopping experience, targets to open in November 2016. The only single story mall in Malaysia, designed for unmatched convenience and comfort. Open air wide corridors creating attractive walks and ensuring maximum frontage for all shops. 3 main entrances and 5 courtyards to create multiple nodes of attraction and to allow versatile zoning. Supported by 2500 car parks.

Location Map:

The culturally and historically significant landmark, Chowrasta Market’s physical form is given new life. Chowrasta Market’s integrity is preserved with careful planning with integration of existing marketplace activity while sensitively adding new functions and spaces to revitalise the character and quality of the market. The design also intends to create a pioneer eco-project based on responsible and sustainable planning, aiming for GBI certification. Due to community needs and interests, public consultation and focus group studies were conducted throughout the entire design process.

Upgrading works of the three-storey market, built in 1890, started in May 2013, and works include tearing down existing shops and stalls, replacing them with new ones as well as building two extra floors on the back portion of the market to serve as car park.

It was also reported that the new market will have 295 stalls and shops as well as 56 stalls selling dry goods along Jalan Chowrasta.

Other features of the market makeover include opening an entrance from Jalan Kuala Kangsar.

While the car park is already opened, the upgrading works for the whole market complex is scheduled to complete end of this year.

Source: LLA