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MNS: RM75bil project not viable

Property News/ 16 January 2013 1 comment

GEORGE TOWN: A RM75bil mixed development project proposed in Balik Pulau is too expensive and not viable, says the Malaysian Nature Society (MNS).

MNS Penang branch adviser D. Kanda Kumar said it would be cheaper and more viable for a project of such scale to be developed on the mainland.

“It is expensive to build such a development on the sea. Why is there a need to spend so much money?

“The other concern is how to divert the traffic. The road system to Balik Pulau is poor.

“Another road will have to be built to contain the traffic and this will involve taxpayers’ money,” he said yesterday, while commenting on the project.

Kanda Kumar said he was present, along with representatives from several other non-governmental organisations, at a presentation of the project’s concept by its consultant late last year.

“However, there was no commitment from MNS due to a lack of details about the proposed project. We, however, highlighted our concerns,” he said.

An English daily reported on Monday that the proposed 2,833ha development comprises electrical and electronics, oil and gas industries, tank farming, government administration offices, schools, hotels, residential areas, parks – all to be built on stilts – and an artificial beach.

It quoted the proposal document titled “Proposed creation of offshore concrete structures for industrial development on the west coast of Penang island” submitted by Al Cube Sdn Bhd, the local vehicle for a Malaysia-Hong Kong joint venture.

Chief Minister Lim Guan Eng, who had declared on Monday that the state government had not considered the project, said yesterday that the state would now not consider the matter at all even if it had approval or endorsement from non-governmental organisations.

Source: The Star

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Ideal Haus @ One Residence

Sungai Ara/ 11 January 2013 226 comments

Ideal Haus, the latest addition to One Residence project in Sungai Ara by Ideal Property Development Sdn. Bhd. This non-gated freehold development comprises 117 garden terraces that incorporates spaciousness, flexibility and modern simplicity for a sheer living comfort.

Location : One Residence, Sungai Ara, Penang
Property Type : single & 2-storey Terrace
Land Tenure : Freehold
Land Area: 22′ x 70′ onwards
Built-up Area: 2,282 sq.ft. onwards
Total Units: 58 (2-storey terrace), 59 (1-storey terrace)
Indicative Price: RM 958,000 onwards (2-storey terrace)
Developer : Ideal Property

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Setia Sky 8

Sungai Ara/ 10 January 2013 218 comments

Setia Sky 8 comprises 534 freehold units spread across three condominium blocks, with unit sizes ranging from 1,100 sq ft to 2,000 sq ft. Aside from sharing in Setia Pearl Island’s existing benefits that include ease of accessibility and a host of amenities, the project will also come equipped with a selection of facilities that will make it a most desirable place to live.

This development will be occupying the land where Setia Pearl Island’s former clubhouse was located.

(Currently still in planning stage)

Property Project : Setia Sky 8 @ Setia Pearl Island
Location : Setia Pearl Island, Sungai Ara, Penang
Property Type : Condominium
Built-up Area: 1,100 sq.ft. onwards
Total Units : 534
Land Tenure: Freehold
Developer : SP Setia

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*By submitting this Form, you hereby agree to our PDPA Consent Clause.

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Starhill Luxury Residence

Bukit Gambier/ 8 January 2013 212 comments

Starhill, a gated residential development by Aroma Development Sdn. Bhd. This project is strategically located in Bukit Gambier, within mere minutes drive to Ivory Plaza and USM. It comprises a 35-storey condominium and bungalow houses.

Property Project: Starhill Luxury Residence
Location: Bukit Gambier, Penang
Property Type: Condominium, Bungalow & Semi-detached
Land Tenure: Freehold
Built-up Area (Condo): 1,503 sq.ft. – 1,753 sq.ft. (Condominium)
Built-up Area (Bungalow): 5,300 sq.ft. onwards
Indicative Price (Condo): RM 650 psf. onwards
Indicative Price (Bungalow): RM3,688,000 onwards
Total Units: 506 units (Condominium), 31 units (Bungalow & Semi-D)
Developer: Aroma Development Sdn. Bhd.

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Jerjak 6

Sungai Nibong/ 7 January 2013 13 comments

Jerjak 6, a small residential development by Airmas Group in Pantai Jerjak. Comprises one unit of 3-storey bungalow and 6 units of semi-detached houses.

Semi-detached:

  • Built Size – 41′ x 31′
  • Lot size – 49′ x 64′ onwards

Bungalow:

  • Built Size – 51′ x 30′
  • Lot size – 88′ x 70′

Property Project : Jerjak 6
Location : Pantai Jerjak, Penang
Property Type : 3-Storey Semi-Detached & Bungalow
Tenure : Freehold
Developer : Airmas Group
Indicative Price: 

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