Proposed high-rise development by Tah Wah Group along Jalan Song Ban Kheng in Bukit Mertajam. The proposal comprises two development phases. Phase one is a 28-storey commercial tower that consists of 216 units business suites whereas in phase two, the company is going to build a 26-storey residential building together with 17 units of 2-storey shop offices.

The most recent launches around this area is selling at a minimum of Rm350 psf. So you can roughly guess what is the selling price of this project if it is going to open for booking sometime end of this year or early 2015.

Project Name : (Pending approval)
Location : Jalan Song Ban Kheng, Bukit Mertajam, Penang
Property Type : Mixed Development
Tenure : Freehold
Total Units : 148 (condominium), 216 (suite), 17 (shop office)
Developer : Tah Wah Alliance Sdn. Bhd. (Tah Wah Group)

DISCLAIMER: This article is purely the writer’s opinion on the property project, based on research done using publicly available data. This is not an advertisement by the developer or agent, unless stated otherwise. Any claim, statistic, quote or other representation about a project or service should be verified with the developer, provider or party in question.

MORE than 2,500 residential properties will be exhibited during the Malaysian Secondary Property Exhibition Penang (Maspex 2014) at the Penang Times Square this weekend.

Organising chairman Michael Geh said many of the properties, with prices ranging from RM300,000 to RM800,000, were in strategic locations.

“The prices are between 20% and 30% lower than the new properties sold by developers,” he said during a press conference yesterday.

State Town and Country, Planning, and Housing Executive Committee chairman Jagdeep Singh will launch Maspex 2014 which will be held from Friday to Sunday.

Geh said last year’s Maspex saw more than 7,000 people attending it with more than 500 leads for real estate agents.

“The secondary market is the biggest driver in the overall property sector in the country, taking up 70% of the market share,” he added.

Geh said there would also be property forums to disseminate information on what was happening in the housing industry in the country and in the region today.

“There will also be tips on interior design for affordable homes, property tax for the secondary property market, and the impact of the Goods and Services Tax on property,” he said.

Meanwhile, Jagdeep said the state government would also have a booth at the event to register first-time buyers of low medium-cost houses priced at RM72,000 and affordable housing projects, which are priced between RM200,000 and RM400,000.

“There are 10 affordable projects being developed in the state now. We expect to deliver 19,730 affordable units by 2018,” Jagdeep said.

Source: StarProperty.my

Artist's impression of the future BPO towers on current PDC's site

The Penang Development Corporation building will be demolished to make way for a Business Process Outsourcing (BPO) Prime project.

The project will be undertaken by a joint-venture company, formed by the Penang Development Corporation (PDC) and Temasek, in which PDC will take up a 51% stake.

InvestPenang director Datuk Lee Kah Choon said PDC was in the process of relocating to Mayang Mall in Bayan Baru.

“The PDC and its 415 workers will be shifted to Mayang Mall by the end of the year,” he told a press conference yesterday.

The four-storey PDC building, located on a 2.7ha site in Bayan Baru, will be replaced by a proposed 29-storey and 25-storey BPO towers, which are being planned to accommodate retail outlets, recreational facilities and open spaces.

“Together with the other Multimedia Super Corridor (MSC)-status buildings such as Suntech Tower, One Precinct and Mayang Mall in Bayan Baru, the area will form a BPO hub.

“The BPO hub is projected to create 4,000 jobs in three years,” Lee said.

He added that PDC had the option of moving to the BPO Prime when it was completed.

Lee said the demand for BPO offices was strong, especially if the building was MSC-certified.

The BPO Prime will be going for MSC certification.

“The global outsourcing market, of which BPO services are part of, is projected to grow to US$625bil in 2017 from US$458bil presently,” Lee said.

On May 23 this year, the PDC signed a memorandum of understanding with Temasek to undertake the development of the BPO Prime and Penang International Technology Park (PITP) in Bayan Baru and Batu Kawan.

“Both projects will have a RM11.3bil gross development value.

“0nce completed, the BPO Prime will be managed by the Economic Development Innovations Singapore Pte Ltd,” Lee said.

The PITP project located on a 83ha or 206 acres will be completed in five to 10 years, according to Lee.

The PDC moved to its present location in Bayan Baru in 1993 from the Penang Skills Development Centre.

Source: StarProperty.my

Casa Residence, another high rise development along the ever bustling Jalan Song Ban Kheng in Bukit Mertajam. It is strategically located in the center of commercial district, and it is only 10 minutes drive from Penang bridge. A few well regarded primary and secondary schools are also within a short drive.

This development comprises 115 condo units with size ranging from 1,010 – 1,299 sq.ft. Each unit comes with 2 free car parking lots.

Property Project : Casa Residence
Location : Jalan Song Ban Kheng, Bukit Mertajam
Property Type : Condominium
Built-up Area: 1,010 – 1,299 sq.ft.
Total Units : 115
Land Tenure: Freehold
Indicative Price: RM 345,000 onwards
Maintenance Fee: RM0.18 psf.
Developer: Casa Kasturi Sdn. Bhd.

Location Map:

Contributed by reader (19/09/2017)

Ideal learning environment: Abdullah (second right) having a closer look at a model of the international school after the groundbreaking ceremony. Accompanying him are (from left) Leela, Teh, Ramasamy, Collin and Ong.

GEMS Education, the world’s largest kindergarten to secondary education group, will open a RM55mil international school in Bandar Tasek Mutiara in Simpang Ampat near Bukit Mertajam, Penang.

The Gems International School of Pearl City is a project undertaken by Gems Education and its local partner Maju Holdings Sdn Bhd via its subsidiary Gems Maju Sdn Bhd.

This is Gems Education’s first international school in Malaysia.

Gems Maju Sdn Bhd chief execu- tive officer Tom Collin said the school was scheduled to open in September 2015.

“It will have an initial intake of 300 pupils from kindergarten through to Year Nine under the tutelage of 30 education professionals,” he said at the groundbreaking ceremony which was performed by former prime minister Tun Abdullah Ahmad Badawi.

He said the school would cater to both local and international students from kindergarten to secondary education.

“We will offer a hybrid international and Malaysian curriculum including Bahasa Melayu, Islamic and Moral Studies, History, Art and Design, Music and Drama in a Malaysian context,” he said.

Collin said the company was also looking into building international schools in the Klang Valley, Johor Baru and in Sabah and Sarawak.

Present at the function were Deputy Chief Minister II Dr P. Ramasamy, Gems Maju Sdn Bhd chairman Datuk Alan Ong, Gems International School of Pearl City board of governors chairman Datuk Leela Mohd Ali, Tambun Indah managing director Teh Kiak Seng and Star Publications (M) Bhd executive director Tan Sri Kamal Hashim.

Source: StarProperty.my