Penang Property Talk

Elvina project marks completion with key handover to happy homeowners

Property News/ 7 January 2025 No comments

elvina-balik-pulau-key-handover

The eagerly awaited Elvina project celebrated a significant milestone as homeowners received their keys during a grand handover ceremony. The highly anticipated Elvina project in Jalan Sungai Nipah 2, Balik Pulau, Penang reached a major milestone with a successful key handover ceremony held on January 6, 2025. The event marked the completion of 26 double-storey terrace homes, with proud homeowners officially receiving the keys to their new properties.

The ceremony took place at the project site, and was officiated by YBhg Tan Sri Khalid Bin Ramli, the Chairman of JKP Sdn. Bhd. During the event, YBhg Tan Sri Khalid Bin Ramli expressed gratitude to buyers for their trust and support, promising continued quality and timely delivery in future projects.

“We are delighted to hand over the keys to these beautiful homes today,” said Encik Farizul Arif Abdul Mutalib, CEO of JKP Sdn. Bhd. “Our team has worked hard to ensure this project meets our high standards of quality and is delivered on schedule. We look forward to seeing families create lasting memories in these homes.”

Elvina strategically located in Balik Pulau, feature spacious layouts, modern designs, and are surrounded by key amenities such as schools, healthcare centers, and commercial hubs. With the handover of keys, the new homeowners will contribute to the growing community in Elvina, Balik Pulau.

Following the key handover ceremony, JKPSB is preparing for the launch of upcoming projects located in Nibong Tebal expected to fall in second quarter of 2025 and Permatang Pauh in first quarter of 2026.

The highly anticipated Seri Saujana Permai Phase 2 project in Bukit Panchor, Nibong Tebal, is set to launch in the second quarter of 2025. This development, involving 38 units of double-storey terrace houses, is the second and final phase to be built in Taman Seri Saujana Permai, offer residents modern living in a strategic location. Located close to key amenities such as schools, healthcare facilities, and commercial hubs, this project is perfect for families seeking comfort and convenience. It is situated approximately 3 kilometers south of Nibong Tebal town and 3 kilometers north of Parit Buntar town in Perak.

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The Seri Saujana Phase 6/7 also located in Bukit Panchor, Nibong Tebal, comprises 32 units of double-storey semi-detached houses and 42 units of double-storey terrace houses. The basic amenities around Taman Seri Saujana are already in place, and the area is recognized as a well-planned new residential settlement. Featuring stunning and captivating designs, along with a strategic neighborhood environment, this project marks the final development in Taman Seri Saujana, located in Bukit Panchor, Nibong Tebal. Both projects will be open for registration and is expected to be launched in the fourth quarter of 2025, with construction anticipated to begin in May 2025.

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The upcoming 31 Residence is set to be one of the most exciting mix developments feature an attractive design and are centrally located in Permatang Pauh, Penang and in front of UiTM Penang. The serviced apartments range in size from 500 square feet to 1,100 square feet, consisting of 180 units of dual-key, 226 units with three-bedroom, and 44 units of studio type. 31 Residence also offers 300 units of affordable apartment and 34 units of shop lot. This project will be open for registration and is expected to be launched in the first quarter of 2026, with construction expected starting in June 2026. 31 Residence will have access to a child day care centre, youth game lounge, mini cinema, rooftop garden, infinity pool, and also community hall. These facilities are designed to enhance the lifestyle of urban families and it will become a new landmark in Permatang Pauh.

PROPOSED: Hotel and serviced residence at Batu Ferringhi

Batu Ferringhi/ 7 January 2025 No comments

proposed-hotel-residence-batu-ferringhi

A newly proposed hotel and serviced residence development along Jalan Batu Ferringhi, adjacent to the Bayview Beach Resort and offering direct beach access. Within a 1km radius, other notable hotels include Hard Rock Hotel Penang and Parkroyal Penang Resort.

The project involves constructing a 16-storey building with three levels of basement parking. The hotel rooms will occupy Levels 2 to 8, while the serviced residences will span Levels 2 to 16. Facilities for the hotel and serviced residences will be located on separate floors. The development is set to include 243 hotel rooms and 475 serviced residence units.

The project is still in the planning stage. More details will be provided upon its official launch.

Property Name: (to be confirmed)
Location : Batu Ferringhi
Property Type : Hotel and serviced residence
Total Units :
Built-up Size: (to be confirmed)
Land Tenure : (to be confirmed)
Indicative Price : (to be confirmed)
Developer : (Follow us to find out more in the future)

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LOCATION MAP (approximate location)

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.

Penang breaks ground on ‘co-house’ affordable housing in Permatang Tinggi

Property News/ 7 January 2025 No comments

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Penang has introduced a new affordable housing project in Permatang Tinggi, featuring a ‘co-house’ concept aimed at providing more accessible landed homeownership options for its residents.

The initiative, under the C3 Affordable Housing (RMM) category, marks the state’s first townhouse-style development by the Penang Housing Board (LPNPP). The hybrid design allows two families to share a single plot, with one occupying the ground floor and the other the upper floor.

“This project fulfills the dream of many Penangites to own a landed home at an affordable price,” said Datuk Seri S. Sundarajoo, State Housing and Environment Committee chairman, during the groundbreaking ceremony yesterday

The event was officiated by Penang Governor, Tun Ahmad Fuzi Abdul Razak, and attended by Seberang Perai Mayor Datuk Baderul Amin Abdul Hamid and LPNPP Chief Business Officer Fakhurrazi Ibnu Omar.

The project spans a 10-hectare plot in Mukim 14, Permatang Tinggi, and includes 664 units priced at a maximum of RM250,000 each. Construction will utilize the Industrialised Building System (IBS) to enhance efficiency and sustainability. Completion is expected by 2028.

Permatang Tinggi was strategically chosen for this initiative due to its distance from large-scale developments and a low demand for flats in the area. Sundarajoo noted that as the locality matures, the state might introduce flats to meet future housing needs.

In a related development, Sundarajoo announced the rebranding of the RMM category as Rumah MutiaraKu, aligning with Penang’s identity as the ‘Pearl of the Orient.’ The rebranding seeks to foster pride among homeowners and eliminate negative perceptions surrounding affordable housing.

The official launch of Rumah MutiaraKu is slated for later this month, with the exact date yet to be confirmed.

SITE PROGRESS: Lucerne Residences (Jan 2025)

Property News/ 6 January 2025 No comments

lucerne-residences-site-progress-jan2025-1

About Lucerne Residences

The final phase of residential development by Ideal Property Group at Ideal Vision Park in Bayan Lepas. It is just a short drive to Penang International Airport, 10 minutes walking distance to Straits International School. The project will see two blocks of 36-storey skyscrapers featuring a European living concept. It offers 480 residential units with a 5-storey parking podium.

Find out more about Lucerne Residences

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

Penang to trial 2-hour parking limit in congested areas

Property News/ 6 January 2025 No comments
weldquay

Source: Google Street View

The Penang Island City Council (MBPP) is planning to introduce a two-hour parking limit in high-traffic areas facing severe parking shortages, particularly in George Town. MBPP Mayor Datuk A. Rajendran unveiled the proposal during the swearing-in ceremony of 24 councillors at City Hall on Friday.

“The rise in car ownership, averaging an 18.81% increase over the past five years, coupled with 2.8 million registered vehicles in Penang, has led to severe traffic congestion, especially during weekends and holidays,” Rajendran explained.

He highlighted the challenges of implementing infrastructure improvements like flyovers and underpasses due to Penang’s narrow streets and dense urban layout. “Most urban roads have already been converted into one-way streets, leaving limited options for expansion,” he added.

To address the issue, MBPP plans to implement a trial run of the two-hour parking limit by March or mid-year, starting with identified congestion hotspots. Public engagement will play a central role, with consultations involving residents, business operators, and property owners in the affected areas.

In addition to the parking initiative, MBPP will introduce bus-only lanes in targeted zones to improve public transport efficiency. Rajendran urged residents to embrace alternative transport modes, including e-hailing services and the city’s free shuttle buses, to ease traffic in congested areas.

“We aim to encourage people to leave their cars behind, particularly during peak hours. We’re committed to improving shuttle bus services, which already operate every 10 minutes between Komtar and Weld Quay,” he said.

Rajendran also revealed plans to collaborate with Rapid Penang to provide dedicated bus services to Penang Hospital, a facility currently struggling with parking shortages.

Addressing chronic traffic contributors like double parking and goods unloading, particularly in Weld Quay, MBPP intends to assign personnel to manage these areas full-time.

The mayor stressed the unfairness of some motorists occupying cheap street parking for extended hours, leaving others to pay higher rates in multi-storey car parks. “A two-hour parking limit is essential to ensure fair access and prevent gridlock. We will roll this out in stages, with further measures to follow,” he noted.

Rajendran concluded by urging the public to adhere to traffic rules, emphasizing that even a single improperly parked vehicle could exacerbate congestion in areas like Pulau Tikus, Weld Quay, and Jelutong. “The volume of traffic during holidays and the narrow roads make proactive measures essential,” he said.