Batu Kawan, which was once a quiet backwater in Penang, will see its real estate booming because of new developments and the opening of Second Penang bridge, says property analysts.

They expect more medium to high-end residential and commercial projects from developers, and prices to move up gradually.

Currently, besides Penang Development Corp’s (PDC) Dedaun bungalow project, almost all other property developments in Batu Kawan are low-medium cost homes with no major commercial elements.

Things are slowly changing in the sleepy suburb with new projects, such as the planned theme park and golf resort development at Bandar Cassia by PDC, and One Auto Hub.

One Auto Hub, a project by PKT Logistic Group, consists of United Kingdom’s University of Hull campus, a hotel, automotive logistic facilities, warehouses, jetty and an animal sanctuary.

Mercury Securities head of research Edmund Tham said the opening of Swedish home furnishing store IKEA in Batu Kawan will further boost the town’s real estate.

“IKEA will just be one of the contributing factors to attract new crowds and population to Batu Kawan. This should be an interesting up-and-coming area to look at for both developers and prospective house buyers,” Tham said.

The IKEA store is part of a 98ha integrated shopping mall development also featuring offices and residences.

Ikano Pte Ltd, the franchisee for IKEA in Malaysia, Singapore and Thailand, formed a joint venture with Aspen Vision Land Sdn Bhd to develop the project over five to 10 years.

Tham expects property developers in the Batu Kawan area to benefit from improved infrastructure, inflow of population and workers, and demand for property.

Current listed developers in Batu Kawan and its surrounding areas include Ivory Properties Group Bhd, Malton Bhd, Paramount Corp Bhd, Tambun Indah Land Bhd, Eco World Development Group Bhd, Mah Sing Group Bhd and IJM Land Bhd.

According to a property agent, the value of a two-storey terraced house in Batu Kawan, which is 45 minutes from George Town, has increased from RM80,000 to around RM140,000 in over three years.

“Land price also costs about 30per cent more now, depending on the location in and around Batu Kawan, and developers are buying,” he said.

Source: Business Times

Popular Swedish home furnishing store Ikea Store will be opening its first outlet in Penang with groundwork expected to commence by end of the year or early next year.

In announcing this, Penang Chief Minister, Lim Guan Eng said the Ikano Pte Ltd, the franchisee for Ikea in Malaysia, Singapore and Thailand, formed a joint venture with local company, Aspen Vision Land Sdn Bhd, to develop the integrated shopping mall in Batu Kawan.

The joint venture company, Aspen-Ikano bought the land from state agency, Penang Development Corporation, for 483.95 million ringgit.

“Aspen-Ikana has bought 245 acres (100 hectares) of land in Batu Kawan at RM483 million to develop an integrated shopping mall and mixed development of offices and residences,” Lim said.

The 245 acres will include 30 acres (12 hectares) for the first Ikea Store in the northern region of Malaysia and the first phase of the shopping mall.

Another 45 acres (18 hectares) is to be set aside for phase two of the shopping mall and 170 acres (69 hectares) for mixed development purposes.

Lim added that the entire commercial and mixed developments on the 245 acres of land are expected to be completed within 10 years from the date of Agreement.

“Notwithstanding that, the IKEA Store is to be developed and completed within the time frame mutually acceptable by both parties.

“The time frame that all parties are targeting at is about 5 years or sooner, depending on various surrounding, economic and demand factors.”

Lim said the state government is confident that the entry of IKEA into Batu Kawan is a vote of confidence for Penang and a boost to making Seberang Perai as the future choice for investments, tourism and habitat for sustainable living.

Source: ABN News

SeventyNine Residence, an upcoming condominium development by Airmas Group located along Jalan Song Ban Kheng, Bukit Mertajam. This project comprises 148 residential units with full facilities, neighboring with some established residential, eateries and schools.

It is less than 10 minutes drive to Penang bridge via Jalan Song Ban Kheng, a mere minutes drive to AEON Seberang Prai City shopping mall as well we AEON Big hypermarket at Bukit Minyak.

Property Project : SeventyNine Residence (79 Residence)
Location : Jalan Song Ban Kheng, Bukit Mertajam
Property Type : Condominium
No. of Blocks : 1
No. of Storey : 16
Total Units : 148
Land Tenure: Freehold
Indicative Price: RM 450,000 onwards
Developer : Airmas Group

Location Map:

Contributed by reader (19/09/2017)

Urban Suites, a mixed development by Aspen Vintage Sdn. Bhd. (Cosmopolitan Homes) in the established township of Jelutong, Penang.   It is easily accessible via Tun Dr Lim Chong Eu Expressway and surrounded by abundance of amenities.

Urban Suites comprises two 42-storey towers, featuring 596 units of commercial suites. Everything about Urban Suites, from its linear shapes, stunning architecture, stylish design and resplendent facilities will captivate its owners and astound the public.

Surrounded by a masterfully imagined designer landscape filled with lush greenery, it is akin to an oasis in the heart of the bustling Jelutong Expressway. Located near the proposed Jelutong East LRT Station, this is one of the cheapest yet strategic commercial suites available in the island.

Property Name: Urban Suites
Location : Jelutong, Penang
Total Land Size: 2.84 acres
Property Type : Commercial suites
Total Units: 596
Built-up Size: 630 sq.ft., 753 sq.ft., 836 sq.ft.
Land Tenure : Freehold
Maintenance Fee: RM0.35 – RM0.45
Indicative Price : RM363,000 onwards
Developer : Aspen Vintage SB. (Cosmopolitan Homes)

Location Map:

BLOCK PLAN

FLOOR PLAN

SITE PROGRESS

SITE PROGRESS: Urban Suites (Jun 2022)

SITE PROGRESS: Urban Suites (Feb 2022)

SITE PROGRESS: Urban Suites (Oct 2021)

SITE PROGRESS: Urban Suites topping up ceremony on 28 Apr

SITE PROGRESS: Urban Suites (March 2021)

Bukit Residence, a gated and guarded residential development by Tambun Indah in Bukit Mertajam, Penang. This gated scheme is strategically located next to the bustling Jalan Song Ban Kheng, in close proximity to schools, eateries and markets.

This project comprises 122 units of 2 & 3-storey terrace houses with price ranging from RM500,000 onwards.

3-storey Terrace

• Standard land area: 1,280 sq.ft.
• Standard built-up area: 20 x 45 ft.
• Total units: 88

2-storey Terrace

• Standard land area: 1,270 sq.ft.
• Standard built-up area: 22′ x 35′, 20′ x 45′
• Total units: 34

Project Name: Bukit Residence (Residensi Bukit Kecil)
Location : Bukit Mertajam, Penang
Land Tenure: Freehold
Indicative Price: RM500,000 onwards
Property Type : 2 & 3-Storey Terrace
Developer : Tambun Indah

Location Map: