Wellness City Of Dreams
Ewein is embarking on a one-stop wellness destination named “Wellness City of Dreams” which will eventually span over a reclaimed land of 110ac and carries a GDV of RM25b over a 10-year period given to Consortium Zenith BUCG by the Penang Government to build the RM6.3b undersea tunnel and three road bypasses in Penang.
The first 50 ac (3 parcels) in Bandar Tanjong Pinang is expected to be fully developed before Dec-2020 and the group had inked a memorandum of agreement to acquire these landbanks for a total of RM2.83b in January 2016.
This mega development, located next to Gurney Wharf, will carry a massive GDV of RM 13.9 billion, which includes wellness apartments, retirement and healthcare wellness residential suits, serviced apartments with wellness facilities, resort suites and ambulatory services. This massive development is the top champion in the Malaysia EPP 10 for Wellness Resort.
Register your interest here
Source: I3investor Forum
First here.
@Lol
Great. Buy City of Dream condo?
Nope. Overpriced at RM1300 psft. I buy value. Maybe in 15 years time the price that people pays now will be of value. Certainly not now.
City of Dreams
Wow…RM1500 psf and now more more sea view which was promised…
No more dreaming about sea view…
No more yacht as mentioned which was suppose to be park in front
Gonna be only concrete jungle view
Really… The name really low class… Wellness… Sound like errr…… Gurney City of Dreams sound better doesnt it?
The name is ok la. Just that it is overpriced. RM1500 psft is really expensive, seriously doubt you can get the rental yield that you are looking for or the short term appreciation.
Just imagine city of dreams is rm1500psft. How much do they plan on pricing their subsequent launches?
Gurney drive all gone…all high rise now coz of this developer…
Not the entire gurney drive. Just gurney plaza, gurney paragon, sunrise and g hotel
@Lol
Agree. Overpriced.
Ehmmm…..
My Gurney!
@Amelia
All gone. Gurney paragon.. Sink.. Block..!!!!!
Ewein is still new to property development. If they’re not careful they may ruin this opportunity.
Just like Ivory with times square.
But Ivory learnt from that lesson and teamed up with a company with experience and expertise in big developments (Tropicana) in their next big project- Penang Worldcity.
Ewein should learn from that and JV with another big, renowned and established developer to make this a success.
Paragon not block lar. It’s a park in front. Nice what. I would say likely Marina Bay seaview gone. Some more the piece of land next to it (currently the kampung area) will be developed. Marina Bay sinking…
Are u sure to locate wellness center into noisy, heavy traffic zone? We need greens & parks with ample car parks and easy public transport stations. Please stop covert public green lungs to private concrete properties.
What is the point of adding highways and adding more residence properties at sea belt? Wht is the point of adding coastal way and then load w so many traffic links?
Hv been to many famed water fronts in the world.. the good one is because of the length of strecth of the public sea belt . Now this construction has obviously cut short the length. And more to come?
Stop adding private properties / structures into public areas.. make sure a wharf looks like a wharf .
@WTF61
Original gurney gone.. And add in property… Rubbish plan by developer& state government.
Oh well guys. You can’t have the best of both worlds. We want the TMP and water tunnel so it has to be paid via land swap. Think fondue economic multiplier effect it has on jobs for Penangites and all the tourism dollars then it would make perfect sense. Sometimes we might not like what we see now but if we think of it logically the economic impact is better.
Good. These area should be changed long time ago. Worst traffic in the whole of Penang.
@Lol
Goverment planning for their own pocket.. Don’t nake.
@Jin
Hopefully government pocket is also rakyat pocket. No like that one who put government money into his own pocket.
Looks like all the “gov reserve land” shown at the Gurney Wharf exhibition will be given to Ewein to make lots of money, so that the boss can name everything in Penang after his wife and daughter’s name. This is bad, very bad. I won’t be voting for the current state gov anymore this coming election. I have no other options.
I am pro-development w long term sustainability. I support the Gurney Wharf plan for adding greens & parks for the benefit of public. But wld disagree adding new property projects into the reclaimed sea belt. make the open sea view belongs to public.
Fung Shui changed already…aged and sickly living in front of Paragon, G Hotel, G Plaza, Marina Bay….chi will not be good…..
@Hester
old people very rich one ok… money money come..
@Hester
Only rich people can afford to stay there ..
it seems that more of Penang seafront will not be available to the public…it is now available to those with money and the select few. What a waste…no thanks to the state govt!
@Come
you can buy the seafront condo, cheaper at batu kawan and raja uda..
@fiona
Do you have other better options left? Ultimately, you will have to choose the lesser of the two evils…
@CM Lim
The least the government can do is to come clean on the issue and appriase the public on its plans. I suppose what irks many people , including myself is not the proposed development but the failure of the government to explain to the people. A more transparent and consultative process is needed.
@Ben
The plan is on public display last month at Komtar. You missed it obviously.
I guess what Ben meant was come clean with the full plan. Not only the areas for public amenities, but the so-called Gov Reserved Land. With the Wellness City of Dreams, it is no longer as rosy as it was painted last 2 weeks. Looking at the Wellness COD plan, only 50% or less of the reclaimed Gurney Wharf will be for public and the rest goes to private developers to build high rise condos. To a certain extend, I felt cheated. State gov should come clean either to acknowledge the plan announced by Ewein is correct or outright deny the plan by Ewein.
Expect lots of ambulances to dash in and out…still bad fung shui
@Hester
That’s why they will build a medical center there. GMC and Adventist can’t cope already.
Promote medical tourism in Penang?
Feeling cheated. When the state govt were addressing the Gurney Wharf proposal, they should be disclosing this Wellness City as well. I’m just wondering what else are hidden from public knowledge….
boycott this project lah. If nobody buys then the land would remain as govt reserve without skyscrapers. But do we all have the resolve to do that?
Looks like it is gonna be a Mini China when completed. These development is not by E&O but by someone else…sweat n sad!
@Penang
I thought E&O will reclaim the land?
Reclamation costs of RM1billion will be borne by E&O according to reports. Then Ewein reports that it has inked a memorandum of understanding to buy that portion for RM2billion to develop wellness City of dreams. State government then announces Gurney Wharf which turns out that a portion of so called govt reserve will be developed by ewein. I smell a rat somewhere! E&O will surely not bear the reclamation costs for nothing.
That is why NGOs are pushing the state government for an answer on its actual plans. From what we can see now, it appears that , the reclaimed land will be state land and the govt will utilise a portion for the gurney wharf project. The remaining land will then be sold to ewein and e&o will be paid its reclamation costs.
E&O is doing their part for the public by spending RM1 billion to reclaim and to beautify gurney drive.
As for development of Wellness city of dreams. The best people to ask about the project details is Ewein and their office is at Karpal Singh Drive =)
@Ben
E&O reclaim the land in Gurney Drive for state government, they reclaim an island at TSP for themselves. 10% of the land in Gurney Drive is given to Ewein in exchange for undersea tunnel and 3 highways. The rest of the 90% will be the Gurney Wharf and 8-lane highway for the public. Everybody wins.
We shouldn’t dictate what Ewein will be building there as long as not chemical plant. I quite like the wellness concept as it suits Penang moving into service economy.
Just to correct,
E&O will reclaim 131 acres and out of which 50 acres will be taken up by Ewein at RM1,300psf
Only 81 acres will be developed for public by E&O.
My question is E&O and state government took the initiative to get public opinion…
So why should we not dictate what Ewein will be building? is this what the public wants? is this what the public needs? Should they not get the public to give their opinion too?
@Xpid
Most developers should have done their market survey before planning a township or project.. Else will be a disaster for them if the sales are bad..
A new hospital for the rich & famous……..Tarnished the publicity of Gurney Wharf.
@Xpid
Exactly.
Don’t forget about the RM6.3 billion tunnel project cost. The tunnel and its associated project does not come for free- where does the money come from?
Answer: The 50 acres of reclaimed land
Also, E&O won’t be developing the land per se. They are only involved in the reclamation and are bearing the cost of design and consultation. The actual landscaping and works of the wharf would be bored by the state gov. So the state gov is actually the one that is obtaining public opinion- without E&O.
Why when 3rd link has yet to see solid plan being rolled out and whether this long term infra development is sustainable is still in doubt; this state land is quickly being “sacrificed” in the expense of public?
General opinion wellness centers shld be located in balik pulau. Else it is gimmick & smoke screen.
@WTF61
Penang South people quite rich now, should build more world class wellness centers there. Pantai Hospital really outdated.
@know as per original South Penang Island is not rich as you think… those rich one are coming from town… come to south penang and buy houses to make the place getting more and more complexity… spoiling all the hillside and trees…
The reclaimed land by E&O is state land. If Ewein buys it at RM1,300 psf, it is buying it from the state for its development. Before the state alienates the land to ewein, the state has a duty to disclose the plans to the public pre-alienation. It can choose not to sell/alienate to Ewein if what Ewein is planning to build does not receive the support of the people or is not for the general benefit of the people. The state goverment is in the driving seat to dictate development policies in any manner it wishes. Indirectly the people must be heard
What’s all these “Wellness” means? They’re planning to turn Gurney into some sort of the biggest old folks house in Malaysia?
What’s wrong with quality retirement home?
@Pondok
sadly true also… but they have to hide certain things because the public also always want to overreact and protest and all…
Well guys. I think the undersea tunnel will not materialise. LGE has asked for federal permission to build a 3rd bridge instead thereby reducing the costs. The tunnel and bridge will not co-exist. The bridge must be an alternative.
The reclaimed portion for ewein to build its wellness resort may not materialise as well due to the fact that the cost to build the bridge is lower than tunnel. Following that the ewein-zenith jv vehicle may not be given the same compensation as before. The previous land exchange compensation was based on the value of the tunnel project at 6b as opposed to lower costs for buliding the bridge.
@Rao
Nothing wrong with quality retirement home. But the developer should just say retirement homes lah, what wellness this wellness that, all the crap! *sigh*
nothings gonna materialise here i guess.
So how whats happening here???? Seems like no news.
@gooner
Already ruined. Its clear no funds to carry out
Please stop all these over development!!
It’s killing the island and it’s going to be over crowded, look at the horrendous traffic congestion, Tg Tokong used to be with beautiful green farms years ago. The state government should change their mindset and stop over developing this island. Please learn from countries like Netherlands, Germany and Denmark.
No “Wellness City of Dreams”! Are we building this for local Malaysians or just for the greed of foreign investment?
Please rethink your plans Mr Chief Minister, once nature is damaged, we will face the consequences! No price can pay for human destruction to the environment!
@@think green to be a developed city
NO worries this project will not proceed ade.
This project proceeding or like said above… the project would not proceed??
this project still on going?