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SITE PROGRESS: Granito @ Permai (May 2021)

May 12, 2021 By Keith Leave a Comment

An interesting article on Penang Malaysia.

SITE PROGRESS: Granito @ Permai (May 2021)

granito-site-progress-may-2021

About Granito @ Permai

An affordable housing development by BSG Property in Tanjung Bungah, Penang. It is strategically located next to TAR College, adjacent to 2 Permai luxury residential scheme. This development featuring a 50-storey building with two residential towers and 12 levels of car park. There are 980 units of affordable homes with a standard built-up area of 864 sq.ft.

Find out more about Granito @ Permai

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Slimhaus Technology to build 3-storey terrace houses from RM250,000 in Penang Island

May 9, 2021 By Keith Leave a Comment

An informative post on Malaysia.

Would you believe that a three-storey house with a build-up area of 800sq ft or 1,500sq ft can be built within four weeks and come with a selling price of RM250,000 and RM395,000 respectively in Penang Island?

Well, that is what a housing developer, Slimhaus Technology Sdn Bhd, plans to do at the end of this year or beginning of next year.

Chief Minister Chow Kon Yeow, who attended the preview launch of the proposed affordable housing project, congratulated Slimhaus for going to use the industrialised building system (IBS) technology to build a total of 199 terrace units on a 7.2-acre land at Jalan Pantai Acheh in Balik Pulau.

“We had built affordable landed houses before but for affordable landed and IBS type, this is probably the first project in Penang. By using the IBS system puts Slimhaus Technology Sdn Bhd amongst other developers who have chosen to use this technology.

“This (technology) is not new. But to be able to build and complete a three-storey house within four weeks using prefabricated components is something we have not yet seen here. So, congratulations for achieving this milestone and revolutionising the construction industry.

He added that prefabricated concrete homes had been built in Rifle Range and Noordin Street Ghaut.

State Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo, who was also present, said he was delighted that Slimhaus was going to participate in building more affordable homes in the state.

“The provision of affordable housing is one of the priorities in the Penang2030 vision outlined by the chief minister some three years ago.

“The state has increased its target of building 180,000 affordable homes to 220,000 units by 2030.

“Until today, we have reached 117,000 units. Out of this figure, 40,000 units had already been built, 19,000 are being built and 58,000 have been approved to be built.

“I’ve been advising housing developers to build more affordable homes for Penangites.

“It’s not easy but from the overhang of 3,000 units in Penang, only 60 units were from the low-cost category.”

Slimhaus Technology chief executive officer Gerald Chin said his company has come a long way to realising his dream of building decent and affordable homes.

He said Slimhaus has plans to build 40 units (1,500sq ft) and 100 units (800sq ft) for the first phase and the remainder 55 units for the second phase. The three-storey terrace houses, he said, would be gated and freehold.

He expects the ground-breaking ceremony to be held at the end of this year or beginning of next year and the whole project would take eight months to complete.

So far, Chin said they have received 70% registration for the project which would be built first before the houses are sold. He said only those earning less than RM10,000 per month (or combined earnings) could only qualify for the affordable homes.

He said Slimhaus is the first company in Malaysia to use prefabricated steel frame for the project.

Also present at the preview launch ceremony were state Entrepreneurial Development, Trade and Industry Committee chairman Datuk Abdul Halim Hussain, who is also the Batu Maung assemblyman, Bayan Baru MP Sim Tze Tzin, and Slimhaus Technology directors Cheng Kwong Whee and Kua Soo Leong.

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Source: Buletin Mutiara

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Golden Gateway at Batu Kawan is 75% taken up

May 7, 2021 By Keith Leave a Comment

An informative article about Penang.

Golden Gateway at Batu Kawan is 75% taken up

Golden-Gateway1

Golden Land Bhd’s industrial development Golden Gateway in Batu Kawan, Penang, has achieved a take-up rate of 75% since its launch in 2018. According to the developer, the project has seen transactions during the Movement Control Order (MCO) period.

“So far, the development has attracted investors and small and medium enterprises (SMEs), mainly local owner operators,” says Golden Land Bhd CEO Stewart Yap. “We are confident that Golden Gateway will continue to do well, especially with the growth in logistics and industrial segments today.”

Golden Gateway comprises 3-storey semi-detached and detached factories and is due to be handed over in June this year. The units have a unique design: four of their main components are a factory area, an area for unloading, a showroom and an office. They are a modern approach to modern enterprise and their multifunctional layout will create good workflow.

Sitting on a freehold, 21-acre tract to the southeast of Batu Kawan, Golden Gateway has a gross development value of RM180 million. It consists of 52 plots for 3-storey semi-detached factories and two plots for 3-storey detached factories.

The semi-detached and detached units have built-ups of 5,500 to 8,000 sq ft with prices from RM3.2 million.

Apart from its accessibility from the North-South Expressway and Juru Interchange, Golden Gateway has a toll-free route from Nibong Tebal/Jawi to Batu Kawan. Golden Gateway will be located next to future developments at Batu Kawan, such as IKEA, KDU University College, Columbia Hospital, theme parks and malls.

Source: TheEdgeMarkets.com

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Kerjaya Prospek bags RM28m construction contract for new serviced apartment at STP2

May 5, 2021 By Keith Leave a Comment

A great article about Penang.

Kerjaya Prospek bags RM28m construction contract for new serviced apartment at STP2

Artist’s impression of STP2

Kerjaya Prospek (M) Sdn Bhd, a wholly-owned subsidiary of Kerjaya Prospek Group Bhd (Kerjaya), has bagged a RM28.4 million contract from Persada Mentari Sdn Bhd, an indirect subsidiary of Eastern & Oriental Bhd.

The group said the contract entails the execution and completion of site works and earthworks; foundation piling system and pile caps construction; basement construction and all associated works for the proposed construction of two 35-storey serviced apartment blocks and one level basement in Seri Tanjung Pinang, Penang.

“The contract shall commence on May 18, 2021, to be completed within 12 months from the commencement date,” it said in a filing with Bursa Malaysia today.

The group said the contract would bring its year-to-date contract replenishment for 2021 to RM384.5 million and was expected to provide an additional revenue stream for the group for the next one year.

Kerjaya executive chairman Datuk Tee Eng Ho said the contract was the third job win for the group this year, adding that the contracts were expected to contribute positively to the group’s earnings and net assets per share for the financial years 2021 and 2022.

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Source: Bernama

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SITE PROGRESS: The Stone (May 2021)

May 3, 2021 By Keith Leave a Comment

A great article on Malaysia.

SITE PROGRESS: The Stone (May 2021)

the-stone-site-progress-may2021-1

About The Stone

An affordable housing development by PLB Land in Paya Terubong, Penang. It is located immediately opposite Majestic Heights, only 1km away from EcoTerrace condominium by EcoWorld. Featuring 1,000 units of affordable houses, with a standard built-up size of 1,000 sq.ft.

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Proposal on affordable homes for B40 submitted to government – Vincent Tan

May 2, 2021 By Keith Leave a Comment

A great post on Penang Malaysia.

Proposal on affordable homes for B40 submitted to government – Vincent Tan

tan-sri-v-tan-affordable

The Better Malaysia Foundation (BMF) submitted its proposal to the government earlier this month on affordable homes for low-income earners in Malaysia, namely those from the B40 group.

BMF founder Tan Sri Vincent Tan told a press conference here today that the government was studying the proposal.

“(The proposal) was sent to the government. So I leave it to the government,” he said, although he declined to say who or which ministry in the government the proposal was submitted to.

Tan also said he was positive about the government accepting BMF’s proposal, although he was aware that there are a lot of technical matters that need to be sorted out.

He said the proposal, among others, included recommendations for the government to guarantee loans (for the B40 to own houses), 100 percent financing as well as longer tenure of up to 60 years for the housing loans.

900sf five-bedroom, four-bathroom show apartment

If banks agree to provide loans to the B40, a lot of housing developers will build affordable homes and that will be good for the country, Tan said.

Before the press conference, media representatives were given the opportunity to tour the show unit of 900 square feet five-bedroom, four-bathroom houses designed by the BMF for the B40 group.

The BMF recently launched a new social enterprise programme to assist the government in addressing home ownership aspirations of low-income Malaysians or the B40 households.

The social enterprise would facilitate the construction of properties with a low monthly cost of ownership, carefully designed for families to grow and prosper.

Not actual product. This is only meant to show how a 900 sqft 5R4B layout could work. (Source: Berjaya’s BMF website)

Source: Bernama

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PDC to focus on “Urban Redevelopment Plan”

May 1, 2021 By Keith Leave a Comment

A really good article on Penang Malaysia.

The CEO of Penang Development Corporation (PDC), Datuk Mohd Bakit, said that the PDC will focus on the “Urban Redevelopment Plan” in the future, through land re-planning and redevelopment plans, to bring more benefits to Penang and attract investors.

He shared in detail about the land development plan for Penang Island in an interview with “Buletin Mutiara”.

He said that the PDC was established in 1969, mainly to further promote Penang’s socio-economic development and moving towards the goal of an international city.

“After PDC launched the first industrial zone project in Bayan Lepas, it subsequently developed the Bayan Baru township to cater to the needs of local factories. Over the past 50 years, many development plans have matured and fulfilled their obligations and responsibilities.”

He took up the post of General Manager of PDC in 2019 and immediately launched the “PDC Strategic Blueprint” five-year short-term plan. Now the plan is in the mid-term.

Under the framework of the “Strategic Blueprint for PDC”, PDC is no longer the same as before by selling land and houses to make a profit. PDC is now also participating in project development leasing for long-term sustainability.

Increase land bank

Mohd Bakih said that the PDC also plans to increase land reserves for Penang. One way is to fill about 150 acres of land before Queens Bay to the Second Bridge through reclamation. Currently, it is seeking comprehensive development and land. Development plan (RFP).

“This plan will be based on the theme of the Linear Waterfront. The reclamation area will start from QueensBay Plaza to the front of Pulau Jerejak in the Second Bridge. Under this plan, we will add various infrastructures to create a waterfront. The park facing the beautiful scenery of Pulau Jerejak, I believe will become one of the hot spots for people to relax and attract tourists in the future.”

He said that the main goal of this development plan is to optimize the Bayan Baru Satellite City and promote the Penang Vision 2030, establish a new development zone and assist the Bayan Lepas Industrial Zone, while attracting future investment and increasing the number of states Government land reserves for the development of high-impact projects.

Redevelopment of Mahsuri Flat to start next year

PDC will focus on the “Urban Redevelopment Plan” in the future, and the Bayan Baru Mahsuri Flat will be the first redevelopment project, which is expected to start in 2022.

Mohd Bakih said that the organization had also held dialogue sessions with local residents and state councillors. Most residents agreed with this project because they know they would benefit from this project, including new housing units, comfortable living environment, etc.

“However, we are currently facing some legal restrictions, because the location of the Mahsuri Flat does not belong to the PDC. For this reason, we will work with the Government Housing Department to resolve this matter.”

Source: Buletin Mutiara

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SITE PROGRESS: Urban Suites topping up ceremony on 28 Apr

April 30, 2021 By Keith Leave a Comment

A great article about Malaysia.

SITE PROGRESS: Urban Suites topping up ceremony on 28 Apr

urban-suites-topping-up-ceremony-2

urban-suites-topping-up-ceremony-1

About Urban Suites

A commercial property development by Aspen Vintage Sdn. Bhd. (Cosmopolitan Homes) in the established township of Jelutong. 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.

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Penang to build RM3.49m green food court

April 29, 2021 By Keith Leave a Comment

An informative post about Penang.

A food court that was razed by a fire last year will be rebuilt into a RM3.49 million disabled-friendly food court.

State traffic and infrastructure committee chairman Zairil Khir Johari said the structure will be the first green building index (GBI) certified public food court in Penang.

He said it will have environmentally friendly features such as a rain harvesting system and be redesigned with a lot of natural lighting and ventilation.

Zairil said the new design will place the food court on a flat platform with seating surrounding the stalls in the centre.

He added that it will still be a single-storey food court with the addition of storage space, a surau and an office.

“We will call for tender to appoint the contractor in May and the tender duration is three weeks,” he said during a press conference today.

Zairil said the project is expected to start work by July this year and to be completed by the end of the year.

“We hope to obtain CCC and open it by January next year,” he said.

The original food court was razed by a fire in November last year.

Zairil said the only option was to rebuild as the structure could not be salvaged as most of the roof and stalls were destroyed in the fire.

He said the state held several meetings on the food court before deciding on rebuilding it with state funds.

“Initially, we planned to give it to the city council but it doesn’t have the funds to rebuild it so this matter was brought up in the state exco in February and it was decided that the state will fund it,” he said.

He said Chief Minister’s Incorporated (CMI) will be the custodian for the land and eventually the state will alienate the land to CMI to manage fully.

The food court originally had a total 33 stalls but the new food court will have 40 stalls so that roadside stalls outside the food court could be shifted into the new complex.

As for the 33 affected hawkers, Zairil said they were called in for interviews to be offered other stalls in other places.

“Only 27 turned up for the interview, nine received offers to temporarily open their stalls in other complexes while the 18 others chose to wait for this food court to be completed,” he said.

He said all of the affected stalls were offered cash aid of RM500 each from Zakat in November last year and his office had also given every stall RM500 each in December.

He said the stalls also received RM500 aid in April 2020 and again in January this year, bringing the total cash aid they had received between last year and now to RM2,000 each.

As for the hawkers’ licences, he said the city council had to cancel them pending the construction of the new food court.

“This is so that there will not be accumulated arrears as the licensing system will automatically calculate their fees even though they are not operating so we have to cancel the licence for now and they will be offered lots in the new food court once it’s completed,” he said.

He said the cancellation of the licence will not affect the hawkers’ status and that all 33 affected hawkers will be offered lots in the new food court.

Source: MalayMail.com

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UPCOMING: Bayan Lepas / Ideal Property Group

April 25, 2021 By Keith Leave a Comment

A really good article about Penang Malaysia.

UPCOMING: Bayan Lepas / Ideal Property Group

proposed-development-by-ideal-homes-properties

Yet another proposed commercial development by Ideal Homes Properties Sdn. Bhd. at Bayan Lepas. Strategically located off Jalan Tun Dr. Awang, right next to Straits International School and Bayan Lepas Roundabout near Penang International Airport. It is only 10 drive away from Bayan Lepas Free Industrial Zone. Neighboring housing communities include Summerskye Residences, The Amarene, Fiere Vista, Solaria Residence, Sathu Terraces and a few others.

This development will see the construction of a 21-storey commercial building with two towers. The number of office suite units avaialble is yet to be known. There will be a 10-level car parking podium with shop office located at the ground level.

The project is pending for approval. More details to be available upon official launch.

Project Name : (to be confirmed)
Location : Bayan Lepas
Property Type : Commercial
Land Tenure: (to be confirmed)
Built-up Area: (to be confirmed)
Total Units : (to be confirmed)
Developer : Ideal Homes Properties Sdn. Bhd. (Ideal Property Group)

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DISCLAIMER: This article is solely based on research done using publicly available data. This is not an advertisement. Any claim, statistic, quote or other representation about a project or service should be verified with the developer, provider or party in question.

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