In progress: Work has started on the third phase of the Tun Dr Lim Chong Eu Expressway.

WORK has started on the third and final phase of the Tun Dr Lim Chong Eu Expressway which has been delayed for about four years.

Penang Works, Utilities and Transportation Committee chairman Lim Hock Seng said work began in November last year and was expected to be completed in October.

The project, known as the Jalan Tan Sri Teh Ewe Lim Extension, is 700m in length and costs RM30mil.

The extension begins from the junction of Jalan Perak-Jalan Tan Sri Teh Ewe Lim and connects to the expressway through Lintang Hajjah Rehmah.

Lim said although the project was supposed to be 34% completed as per the schedule, it was now only 29% completed.

“The five per cent delay is due to the relocation of utilities cables and the installation of a main water pipe by the Penang Water Supply Corporation (PBA) along Jalan Tan Sri Teh Ewe Lim.

“But, we believe work will be on schedule once the installation is completed,” he said when contacted yesterday.

Lim also said workers had cleared the project site and were carrying out soil treatment.

“Drainage works are also in progress,” he said.

He added that a total of 181 squatters in the area had been relocated to low-cost and low medium-cost units in Sungai Pinang and Macallum Street.

“The Land Office is also negotiating and looking for a suitable location for some 10 stall owners along the site.”

Once completed, the extension is expected to help alleviate traffic congestion in Jalan Perak and Jalan Jelutong.

In the 1990s, the IJM Group obtained approval from the previous state government to develop 136.7ha (338acres) of land in exchange for the construction of the 4.7km expressway, formerly known as Jelutong Expressway (JE).

The expressway project, undertaken by IJM Land’s subsidiary Jelutong Development Sdn Bhd, was scheduled for completion by 2012.

The first 3.1km stretch of the expressway was opened to the public in 2003, while the second phase was opened in 2008.

Source: StarProperty.my

Elements Residence, located next to Elements Garden gated and guarded development by Oriental Max Group in Butterworth, Penang. This is a 14-storey condominium, strategically located within Raja Uda township. Easily accessible via the bustling Jalan Raja Uda, in close proximity to schools, eateries and markets. This development comprises 8 units of 3-storey link houses and one block 14-storey condominium.

Project Name: Elements Residence
Location : Jalan Raja Uda, Butterworth, Penang
Property Type : Condominium
Land Tenure: Freehold
Indicative Price: RM300 psf. onwards (Condo)
Developer : Oriental Max Group

Location Map:

Urban Living Residence, a low density gated and guarded development by Oriental Max Group in Air Itam, Penang. This development comprises 93 units of 4+1 storey link houses with private lift.

Features:

• Design landscape habitat
• Spacious built up area approx 4,492 sq.ft.
• 2 master bedroom + 2 bedroom + 1 maid room (all bedrooms attach with bathroom)
• Minimum 3 car parks
• Private club house with facilities
• Infinity pool, bicycle and jogging track
• Private roof top garden
• Selling price approx RM422 psf

Property Project : Urban Living Residence
Location : Ayer Itam, Penang
Property Type : 4+1 Storey Courtyard Villas
Total Units : 93
Land Tenure: Freehold
Indicative Price: RM 1,899,000 onwards
Developer : Oriental Max Group

Location Map:

Elements Garden, strategically located within the established township of Raja Uda in Butterworth, Penang. Easily accessible via the bustling Jalan Raja Uda, in close proximity to schools, eateries and markets. This development comprises 8 units of 3-storey link houses and one block 14-storey condominium. 

Project Name: Elements Garden
Location : Jalan Raja Uda, Butterworth, Penang
Property Type : 3-storey terrace & condominium
Land Tenure: Freehold
Indicative Price: RM300 psf. onwards (Condo)
Developer : Oriental Max Group

Location Map:

Property developer and builder TSR Capital Bhd, together with Lembaga Tabung Angkatan Tentera (LTAT) and bumiputera-owned Pembinaan Bukit Timah Sdn Bhd (PBT), will redevelop the existing 1,007-acre (407.52ha) air force base in Butterworth, Penang into an integrated mixed-use project with a potential gross development value (GDV) of more than RM10 billion.

TSR said in its announcement to Bursa Malaysia yesterday that it had received the government’s approval in principle to set up a joint-venture (JV) company to enter into negotiations with the latter to redevelop the Royal Malaysian Air Force (RMAF) base as part of a proposed land-swap deal with the federal government.

The three companies will also develop a new RM3 billion air force base for the RMAF near mainland Penang. Under the partnership, TSR Capital will have a 51% stake in the JV, while LTAT and PBT will hold the remaining 30% and 19% respectively.

“The government will be able to participate in the redevelopment of the government land through LTAT’s equity interest in the JV company,” said TSR Capital in the filing.

Under the deal, the JV will undertake to relocate the existing air force base and reconstruct it on land to be identified. “The JV company will [also] design, build and finance the development and construction of the new air force base. The government will pay the JV company for the new air force base through a land swap at current market value of government land.

“The government land includes, but is not limited to, a tract measuring 1,007 acres where the existing RMAF Butterworth is situated,” it added.

According to TSR Capital group accountant Ng Kim Keong, the location of the new air force base will be “not far from mainland Penang” and the JV company will serve as the master developer of the redevelopment of the government land.

Ng told The Edge Financial Daily yesterday that negotiations on the deal are expected to be finalised in a year. “All this is subject to approval by all parties. We need to get approvals on the cost, design and so on before we can start construction,” he said, adding that construction of the new air force base will take about four years.

On the land where the existing air force base is located, Ng said the proposed mixed-use development is estimated to have a GDV of more than RM10 billion, and that project will only start after the new air force base has been completed and the existing RMAF Butterworth base, which remains operational for now, is relocated.

On the reasons for the relocation, Ng said the existing air force base is near residential areas and the RMAF equipment as well as buildings are not up to date and need fixing.

The company added that it will provide further details after definitive and conclusive terms have been agreed upon and a formal agreement has been entered into by the parties.

Source: The Edge Property