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Cable car system for Penang gets the axe

Property News/ 31 May 2016 Comments off

penang-sky-cab-rejectedThe proposed cable car system for Penang, which is part of the ambitious RM27bil Penang Transport Master Plan (PTMP), has been rejected by the Federal Government.

Transport Minister Datuk Seri Liow Tiong Lai said the state government has been informed of the decision.

He said the decision was made as the proposed project would affect the passage of vessels operating at the North Butterworth Container Terminal (NBCT).

“We might consider if the state government is willing to change the alignment, which is also subject to several conditions set by the Marine Department,” Liow told reporters yesterday after attending a briefing by the Penang Port Sdn Bhd (PPSB) at Swettenham Pier.

He said the proposed undersea tunnel project also needed to be looked into as it could affect the seabed or the passageway of the ships plying the northern region route.

“The Federal Government is also interested to know more about the tunnel project but to date, the state government has not provided any details,” said Liow.

It was reported that the proposed cable car system spanning the Penang channel, will cross the Middle Bank to mainland. It was expected to be completed between 2018 and 2019.

Liow also said 14 companies are planning to bring their cruise ships this year into Penang and tourists arrivals here could increase from 221,000 to 238,000.

“Although we lost Star Cruise, we have managed to bring in more such ships, which is good for tourism and the economy,” he said.

On the 3.4ha land dispute between PPSB and the state government, which had been earmarked for expansion at the Swettenham Pier, Liow said it was time the state government stopped playing politics for the sake of the Penang people.

“The 3.4ha land for the expansion of PPSB and the land for the expansion of the Tanjung Marina must be resolved as we cannot continue this indefinitely,” he added.

As for the business development of PPSB’s container traffic, Liow said there should be at least 8% growth of container traffic handled by the port.

“PPSB handled 1.3 million twenty-foot equivalent unit (TEUs) in 2015 and the figure is expected to increase to at least 1.45 million TEUs this year,” he said.

Liow, however, said the bottleneck at the Padang Besar train station, which serves as the inland port to bring in more containers via trains from Thailand, could affect the figure.

“The Federal Government is planning a detailed expansion of the Padang Besar railway station and inland port to bring in containers on train from Thailand to the Penang Port,” he added.

On the oil spill on Friday at the Prai Bulk Terminal, Liow said the Marine Department was working closely with the Department of Environment (DOE) and PPSB to identify the source of the spill and take the necessary action.

Source: TheStar.com.my

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AFFORDABLE: Seberang Jaya / Excel Focus Properties

Seberang Jaya/ 30 May 2016 19 comments

affordable-excel-focus-seberang-jaya

An upcoming affordable housing development in Penang mainland by Excel Focus Properties Sdn. Bhd. Strategically located within the established township of Seberang Jaya, only about 500 meters away from Butterworth-Kulim Expressway. Neighboring communities include Taman Naluri, Taman Naluri Ria and Taman Janggus Jaya.

The proposed development will offers 2 blocks of 34-storey condominium with 1,017 affordable units.

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


READ MORE ABOUT AFFORDABLE HOUSING:

Project Name : (to be confirmed)
Location :
 Seberang Jaya, Penang
Property Type : Affordable housing
Total Units: 1,017
Built-up Area: (to be confirmed)
Indicative Price: Below RM250,000
Developer : Excel Focus Properties Sdn. Bhd.

Location Map:

 

Road widening pro­ject at Jalan Masjid Negeri is on

Property News/ 29 May 2016 2 comments

masjid-negeriThe Penang Is­­land City Council (MBPP) is going ahead with the road widening pro­ject in Jalan Masjid Negeri, requiring 16 trees to be transplanted elsewhere by end of next month.

Its traffic engineer Zainuddin Mohamad Shariff said the contractor assigned to transplant the trees had been asked to file the method of statement before any transplanting could commence.

“The statement will explain the method to be taken when transplanting the trees.

“It will then be reviewed by the Forest Research Institute Malay­sia and the project should start next month,” he said.

MBPP arborist Azizul Fahmi Muhamad said the trees would be relocated to a nearby residential area off Jalan Masjid Negeri.

It was reported that the construction cost for the 1.8km road widening project along Jalan Mas­jid Negeri is RM7.85mil and the land acquisition cost RM11mil.

The project will involve the Jalan Scotland-bound stretch start­­ing from the Lorong Batu Lanchang-Jalan Masjid Negeri junction to the Ja­­­lan Air Itam-Jalan Masjid Negeri junction.

Source: TheStar.com.my

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An Insiders Look Into the Property Market H1 2016 Infographic

Property News/ 28 May 2016 No comments

In Malaysia, there are an overwhelming number of new home owners. According to the survey, among the top 5 reasons on why people invest in properties are to get higher yields on rentals (56%), for good capital appreciation (55%), for retirement planning (46%), for a better environment (46%) and to own a house due to affordable pricing (36%).

Amongst home buyers, location is the most important criteria when considering a home and Klang Valley is becoming the most favoured place to own a home. Almost 55% of the participant already living in the area, with 70% of the participants are looking forward to acquire properties there.

Excessive pricing of properties is the number one deterrent for purchasing property in Malaysia amongst potential buyers. Besides that poor economic performance, the rapid increase of property prices, unpredictable real estate market and touch approval process of bank loan applications are holding back buyers to purchase a property.

There has also been a steady decline in the “overseas property sentiments” and increased interest for commercial properties.

An-Insiders-Look-Into-the-Property-Market-H1-2016-Infographic

Infographic by PropertyGuru.com.my

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The Betong Orchard

Balik Pulau/ 27 May 2016 3 comments

the-betong-orchard

The Betong Orchard, a small residential development by Ken Link Capital Development in Balik Pulau. Comprises eight units of 3-storey semi-detached houses with build-up area starting from 2,700 sq.ft. onward.

This development is located along Jalan Pulau Betong, right opposite the police station.

Project Name: The Betong Orchard
Location : Balik Pulau, Penang
Property Type : 3-Storey Semi-Detached
Total Units: 8
Built-up Area: 2,700 sq.ft.
Tenure : Freehold
Indicative Price: RM900,000 onward
Developer : Ken Link Capital Development

Location Map: