Many have been asking whether is there any possibility of property price in mainland to be on par or better than in Penang Island? Vertu Resort at Batu Kawan is selling at the same price as One Foresta open market units at Sungai Ara.

So if you have a budget of RM400k, which one would you choose? Move-in condition Vertu Resort with IKEA furnishing and electrical appliances, or a bare condominium unit at Sungai Ara?

	Vertu Resort	One Foresta
Developer	Aspen Group	Ideal Property Group
Location	Batu Kawan	Sungai Ara
Standard unit size	1,030 sq.ft. – 1,800 sq.ft.	900 sq.ft.
Price psf.	RM386 onward	RM442
No. of carpark	2	2
Selling Price	RM398,000 onward	RM398,000
Development land size	7.2 acres	11 acres
Land tenure	Freehold	Freehold
Total units	1,282	2,334
Expected completion	2019	2019
Highest floor	36	40
5 nearest schools	Upcoming KDU Univerity College (1km) Upcoming University of Hull (4km) SK Batu Kawan (5km) SRJK(C) Keng Koon (6km) SRJK(C) Boon Beng (12km)	Upcoming SJKC Shih Chung (0km) Straits International School (3km) SK Bayan Lepas (1km) SMK Bayan Lepas (2km) SK Mutiara Perdana (2km)
5 nearest malls	Upcoming Penang Design Village (1km) Upcoming IKEA Penang (0.5km) Tesco Alma (13.5km) Aeon Jusco Bukit Mertajam (13.5km) Pearl City Business Park (11km)	Queensbay Mall (10km) Sunshine Square (6km) BJ Complex (8km) Giant (5.5km) Tesco (13km)
Web popularity (Since 5/Jan/16)	10,000 pageviews	13,000 pageviews
Travelling to (off peak) Penang Bridge 2nd Bridge Airport Komtar FTZ	22km (18 minutes) 4km (4 minutes) 28km (26 minutes) 38km (35 minutes) 24km (20 minutes)	11km (16 minutes) 8km (14 minutes) 3km (6 minutes) 18km (22 minutes) 7km (14 minutes)
Key highlights (by developer)	10 mins walking distance to IKEA Penang Move-in condition with furniture and electrical appliances More than 200,000 sqft facilities spaces Seamless accessibility and connectivity IKEA cash voucher worth RM5,000 Attractive REBATES Guaranteed Upgrading Scheme	(No feedback from developer)
	More about Vertu Resort	More about One Foresta

The Penang Chinese Chamber of Commerce (PCCC) has urged the state government to speed up the implementation of Penang Transport Master Plan (PTMP).

PCCC president Datuk Seri Choot Ewe Seng said it was needed to help alleviate traffic congestion in the state.

He said tourists started flocking to the city after George Town was listed as a Unesco World Heritage Site in 2008.

“The traffic has increased tremendously and this problem requires an immediate solution from the government.

“Penang’s infrastructure urgently needs to be enhanced and upgraded or our economy will be adversely affected,” he said during a press conference at PCCC building in Light Street yesterday.

Choot said the RM27bil PTMP would encompass the light rail transit, undersea tunnel, Pan Island Link Highway and South Reclamation Scheme.

He said the mammoth project showed the foresight of the state government and was a grand vision worthy of support.

He, however, said the state should look into the feedback from non-governmental organisations.

Choot also lauded the efforts by the state government in conducting public briefings on PTMP.

“Having such briefings shows that the state government is transparent.

“We urge the relevant organisations to view the PTMP with an open mind and come up with something positive and constructive for the project,” he said.

Source: TheStar.com.my

Another mixed development proposed by WHH Land at Sungai Ara. Located on a 5 acres land along Jalan Tun Dr. Awang, adjacent to Asia Green’s The Clovers development scheme.

This development comprises a 34 building with two residential towers, offering 168 condominium units. The commercial component will offers a mix of 2 and 3-storey retail shop lots.

More details to be available upon project launch.

Project Name : (to be confirmed)
Location : Sungai Ara, Penang
Property Type : Mixed development
Total Units: 168 (condo), 13 (shop lots)
Land Tenure: Freehold
Indicative Price : (to be confirmed)
Developer : WHH Land

Location Map:

Ikano Private Limited, owner of the IKEA franchise in Malaysia, confirmed today its ambition to open a store in Penang during the third quarter of 2018.

Ikano and the Aspen Group teamed up in September 2014 to purchase 245 acres of land from Penang Development Corporation. The joint-venture company is working to transform the vast swath of land in Batu Kawan into a new metropolis where people can live, work and play. A shopping centre anchored by IKEA is a key component of the development plan for Aspen Vision City.

“The IKEA vision is to create a better everyday life for the many people,” said Ikano’s Managing Director, Christian Rojkjaer. “We expect to do that by bringing our affordable range of functional home furnishings to the people of Northern Malaysia in 2018, along with hundreds of solid jobs and spin-off opportunities for the local community.”

The planned IKEA store is to be wholly owned by Ikano. Mr. Rojkjaer said his team has applied for a building permit and earthworks are now underway to prepare a 24-acre plot for the development. The shopping centre is to be developed by the joint venture company and managed by Ikano.

The long-term development plan for Aspen Vision City includes condominiums, office towers, an international school, a Columbia Asia Hospital and a 24-acre park. Piling works are in full swing for the first phase – a gated and guarded commercial precinct called Vervéa. Plans for a high-rise condo called Vertu Resort received a warm response when it was recently introduced to the public. With a gross development value of RM8 billion, the entire Aspen Vision City development is slated for completion in 10 years’ time.

Eco Bloom, an on-going mixed development by EcoWorld in mainland Penang, comprises condominium and commercial shop lots. It’s part of the company’s maiden project – Eco Meadows – on a 75.7-arce land in Simpang Ampat.

Offering 490 residential units in two 33-storey condominium towers with size ranging from 800 sq.ft. onward.

Project Name : Eco Bloom @ Eco Meadows
Location : Simpang Ampat, Penang
Property Type : Mixed development
Built-up Area: 800 sq.ft. – 1,100 sq.ft.
Total Units: 490 (residential)
Land Tenure: Freehold
Indicative Price : RM388,000 onwards
Developer : EcoWorld
Contact No: : 04-510 2255
Location Map: