Mira Residence, high-rise development by BSG Property, within the established township of Permai Village in Tanjung Bungah, Penang. It is strategically located only a stone throw away from TAR College, within mere minutes drive from Dalat International School, famous beaches, hotels and eateries.

This 32-storey freehold condominium comprises 376 residential units with an indicative minimum selling price of RM957,000.

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Property Project : Mira Residence
Location : Tanjung Bungah, Penang
Property Type : Condominium
Tenure : Freehold
Built-up Area: 1,352 sq.ft. – 3,642 sq.ft.
Total Units: 376
Indicative Price: RM957,000 onwards
Developer : BSG Property

Location Map:

My Sakura 28, a low density freehold development by Devoteshens Sdn. Bhd. in Bayan Lepas, Penang. Strategically located along Jalan Permatang Damar Laut, a mere minutes drive from Penang International Airport. This development comprises 26 units of 3-storey semi-detached and 2 units of bungalow houses.

Property Project: My Sakura 28
Location : Bayan Lepas, Penang
Property Type : 3-storey Semi-detached & bungalow houses
Total Units: 26 (semi-detached), 2 (bungalow)
Land Area: 3,500 sq.ft. (semi-detached) onwards
Indicative Price: RM 1,788,000 onwards
Marketing Agent : Devoteshens Sdn. Bhd.
Contact No.: +6016-422 9938

Location Map:

Penang has awarded the tender for the underground tunnel linking the island to mainland and three major highways projects to Consortium Zenith BUCG Sdn Bhd with a land swap and 30-year concession on the tunnel.

Penang Chief Minister has announced the deal today where the firm will underdertake 3 highways and tunnel projects in exhange for a 44.51ha of reclaimed land in Tanjung Pinang. The deal will only be formally inked after a few more months where the finer details of the overall project are agreed upon.

The projects consist of:

• Gurney Drive-Bagan Ajam undersea tunnel (6.5km)
• Gurney Drive-Tun Dr Lim Chong Eu expressway bypass (4.2km)
• Tun Dr Lim Chong Eu expressway-Bandar Baru Air Itam bypass (4.6km)
• Tanjung Bungah-Teluk Bahang (12km)

The reclaimed land in Tanjung Pinang will be handed over to the contractor in stages depending on development and construction of the awarded projects.

According to The Malaysian Insider’s report, it was agreed that there will be no toll charges imposed on the three major highways on the island. It would also have to bear any losses of the tunnel should there be a lack of usage by motorists.

Consortium Zenith BUCG is made up of a local company, Consortium Zenith and China-based Beijing Urban Construction Group (BUCG).

Iconic Skies, a residential development by Iconic Development Sdn. Bhd. at Relau, Penang. This development comprises two condominium towers and 3 1/2-storey villas on top of the podium (Skies Villa).

The luxury condominiums have a total of 299 units and are designed with spacious build-up, allowing for more emphasis to contemporary living without compromising practicality. There are a total of 3 layouts with a build-up area ranging from 1,483sqft to 1,598sqft, offering the perfect fit for every persons’ lifestyle.

Property Project: Iconic Skies
Location: Relau, Penang
Property Type: Condominium & Villa
Land Tenure: Freehold
Developer: Iconic Development Sdn. Bhd.

Penang State Government will be inviting qualified companies to submit their request for proposal (RFP) for Premium Outlet project in Bandar Cassia, Batu Kawan. This is the first of its kind project in Penang and it will be located on a 40-arce land near to the second bridge, which is set to be ready by September 2013.

Premium Outlets is a portfolio of outlet shopping centers which brings together the finest brands in unique outdoor settings and offers impressive savings of 25 to 65 percent every day.

Submission for the RFP will open on 5 March, 2013 and the closing date is on 6 May, 2013. Interested companies may purchase the RFP document which cost RM2,000 from Penang Development Corporation at Bayan Baru, Penang.

More details can be obtained from Penang Development Corporation at +604-634 0402/470.