Olive Tree Garden, an upcoming residential development by Harta Intan Group in Bukit Mertajam, Penang. More information to be updated soon.

Property Project : Olive Tree Garden
Location : Bukit Mertajam, Penang
Property Type : 3-Storey Terrace & Condominium
Total Units: 97 (Terrace), 52 (Condo)
Tenure : Freehold
Indicative Price: RM600,000 onwards (Condo), RM900,000 onwards (Terrace)
Developer: Harta Intan Group

KUALA LUMPUR: PLB Engineering Bhd’s wholly-owned subsidiary, PLB Land Sdn Bhd, has signed a sale and purchase agreement with Perfect Crystal Sdn Bhd to buy five parcels of land, totalling 611 square metres in north-east district in Penang, for RM5.5 million.

The purchase will be financed from internally generated funds, it said in a filing to Bursa Malaysia.

PLB Engineering said the acquisition would increase its landbank to cater for future developments.

The company would reimburse RM300,000 to Perfect Crystal for the rights and interest in the development plans obtained from the Penang Municipal Council.

Source: Business Times

A REQUEST For Proposal (RFP) for another affordable housing project in George Town has been announced, this time on a 1.7ha plot in Jalan C.Y. Choy.

Penang Local Government and Traffic Management Committee chairman Chow Kon Yeow expected 200 to 300 units of affordable housing and low medium-cost (LMC) units to be built under the state government project.

He said the affordable housing units would be priced according to the state government guidelines of not more than RM300,000, while the LMC units were set at RM72,500 each.

Chief Minister Lim Guan Eng, who announced the RFP on Tuesday at a press conference in Komtar attended by Chow, said the project would also have commercial elements with priority given to the green development concept.

He said bidders would have to take into account the amount of compensation that would be given to people who were currently occupying the land.

Chow said there were 23 houses and an office with Temporary Occupation Licence (TOL), 31 squatters, as well as two temples, five shrines, 12 workshops and two warehouses without TOL.

He said the RFP was open to companies with a minimum paid-up capital of RM300,000.

He said details regarding the RFP were currently available on the state government’s website (www.penang.gov.my) until March 15.

Chow said all proposals submitted must have guaranteed financial returns for the state government under the 99-year leasehold term, a suitable compensation for the relocation of existing occupants of the land, revenues from the proposed development and management of the project, involvement of local contractors and suppliers as well as job creation for the people.

He said interested bidders were required to attend a site visit scheduled at 10am on Jan 31.

The project, to be managed by Chief Minister Incorporated which a department under the Chief Minister’s office, was the second RFP for affordable housing announced in two days.

On Monday, the Penang Development Corporation (PDC) called for an RFP for the development of 1,320 units of medium-cost and low medium-cost homes in Jalan S.P. Chelliah.

The project includes 275 medium-cost apartment units with a minimum 1,000sq ft each to be priced at RM400,000, 165 units at minimum 900sq ft each at RM300,000 and 110 units at 800sq ft each at RM200,000.

PDC general manager Datuk Rosli Jaafar said there would be 770 LMC units of 700sq ft each set at a ceiling price of RM72,500.

Source: The Star

Skyview Residence, part of the upcoming mixed development project by Gema Intan Sdn. Bhd. in Perak Road, Penang. This 43-storey condominium is located at the back of Harmony View, comprises 252 residential units with built-up size ranging from 1,450 sq.ft. onwards.

More details to be available upon soft launch.

Property Name: Skyview Residence
Location : Perak Road, Jelutong, Penang
Property Type : Mixed development
Built-up Area: 1,450 sq.ft. onwards
Total Units: 252
Indicative Price: RM 650,000 onwards
Land Tenure : Freehold
Developer : Gema Intan Sdn. Bhd.

Location Map:

Contributed by reader (Update 18/07/15)

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Pearl Avenue, a new commercial development which is located at Pearl City, between Seberang Perai Tengah and Seberang Perai Selatan (the heart of Simpang Ampat), surrounded by mature residential estates, industrial parks and government agencies.

Accessible from the North-South Highway with just 5 minutes from Bukit Tambun interchange, 10 minute to Penang Science Park, and 15 minute to Penang Second Bridge. Pearl Avenue is also surrounded by comprehensive amenities, a broad choice of learning institutions, supermarkets, shops, and other facilities. It also fronting main road and near to proposed international school.

Property Project : Pearl Avenue @ Pearl City
Location : Simpang Ampat, Penang
Property Type : 2 & 3-Storey Shop Office
Units: 92 units (2-storey shop office), 8 units (2-storey shop office)
Developer: Tambun Indah
Land Tenure: Freehold