Penang Development Corporation (PDC) will be the sole developer of industrial parks in the state and these projects will not be given to the private sector, Chow Kon Yeow told the state assembly.

“PDC industrial land banks are in strategic locations and can be marketed to investors in promoted industries,” said the Chief Minister.

Chow, who is PDC chairman, was answering an oral question from Lim Guan Eng (PH-Air Putih) who asked for a list of land PDC has given to the private sector to be developed as industrial parks.

Chow however said there was collaboration on such development as in the case of developing part of Batu Kawan Industrial Park 2 (BKIP2) to reduce the risks and cost of PDC.

“The issue was this land was located in a non-conducive surrounding and PDC needed to work with others to develop the park.

He said PDC has over 50 years of experience to ensure the industrial parks its developed would continue to draw in domestic and foreign investors, especially those lands in strategic locations without involving the private sector.

“We will collaborate with the private sector for high-risk and less competitive areas as PDC has a track record of successfully developing nine industrial parks in the state to ensure a sustainable industrial ecosystem,” added Chow.

Source: TheStar.com.my

PropertyGuru Group, Southeast Asia’s leading property technology company, today announced the winners of the 10th PropertyGuru Asia Awards Malaysia in partnership with iProperty.com.my at The Majestic Hotel Kuala Lumpur, the official venue.

Excellent companies and property developments, as well as exemplary individuals in the real estate industry, comprised this year’s list of winners. The Awards were presented across 48 categories, decided by an elite roster of local and foreign experts as well as the people of Malaysia.

With nine golden statuettes, WCT Land Sdn Bhd garnered the most wins of the year. The company was named Best Developer (Malaysia), Best Developer (Central Malaysia), and Best Mixed Use Developer and garnered multiple awards for its projects Pavilion Mont Kiara and Greenville Residences.

UEM Sunrise Berhad also gained nine wins, including various honours for its projects The Connaught One, Allevia Mont’Kiara, The MINH Mont’Kiara, Residensi ZIG, and Verna Serene Heights.

Another big winner, Sime Darby Property, won five golden statuettes, including the prestigious Best Landed Development (Malaysia) award for Ilham Residence, in addition to honours for Bandar Bukit Raja and Serasi Residences, Putra Heights Sentral. Eupe Corporation Berhad won the prestigious Best High-Rise Development (Malaysia) title for Est8 @ Seputeh in one of three awards for the company.

Other winners in the Developer categories were Mah Sing Group Berhad, named Best Lifestyle Developer with a win for M Astra; Perbadanan Kemajuan Negeri Selangor, named Best Affordable Homes Developer; Tanah Sutera Development Sdn Bhd, named Best Developer (Southern Malaysia) with a win for Sutera Square; and Tanjung Ratna Sdn Bhd, named Best Boutique Developer.

An independent panel of expert judges provided their unbiased insights during the Live Judging Days that began in July 2023. They consisted of Datuk Ar. Ezumi Harzani Ismail, chairperson of the panel of judges and president of the Malaysian Institute of Architects: 2020-2022; Chris Tia, vice-chairperson of the panel of judges and principal and managing partner of Tia & Noordin; Blaine Robert, CEO and creative director, Blaine Robert Design; Christophe Vicic, chief growth officer, JLL Property Services (M) Sdn Bhd; Dr. Daniele Gambero, president, Malaysia Proptech Association (MPA); Sr Engad Ravana, principal, ER Consult; PMgr Sr Haji Ishak bin Ismail, president, Malaysia Institute of Professional Property and Facility Managers (MIPFM); Ho Chin Soon, chairman, Ho Chin Soon Research; Dato’ Sr. Lau Wai Seang, president of the Royal Institution of Surveyors Malaysia (RISM): 2017-2018; Sr Low Han Hoe, independent property consultant, coach, mentor, trainer, FRICS FRISM FPEPS FMIPFM MMIEA MPINZ; Ar. Ts. PRBr. Mustapha Kamal Zulkarnain, founder and principal, Arkitek Mustapha Kamal; Assoc. Prof. LAr. Dr Nor Atiah Ismail, president, Institute of Landscape Architects Malaysia (ILAM); Datin TPr Hjh Noraida Saludin, president, Malaysian Institute of Planners (MIP); Ir. Ong Ching Loon, immediate past president, The Institution of Engineers Malaysia (IEM): 2020-2022; Ar (Dr) Serina Hijjas, vice president, MalaysiaGBC 2023-2025; Sr Subramaniam A/L Arumugam, president, Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS); Tan Hui Yin, partner, Tan Chap & Associates; and Ir. Dr. Zulhkiple A Bakar, managing director, Perunding ZAB Sdn Bhd.

John Ler and Kelvin Chew, international contact partner and managing partner of HLB Ler Lum Chew – HLB Malaysia, respectively, represented the official supervisor and made sure the selection process was fair, credible, and transparent.

Property seekers in Malaysia were also given the opportunity to recognise the 10 finest developers in the country. This year, the People’s Choice Awards went to Chin Hin Group Property; Eastern & Oriental Berhad; Glomac Berhad; LBS Bina Group Berhad; Mah Sing Group Berhad; Mitraland Group; Perbadanan Kemajuan Negeri Selangor; Seri Pajam Development; Sime Darby Property; and UEM Sunrise Berhad.

The Portal’s Choice Awards, decided by the Awards Organising Committee, went to OCR Group (Visionary Developer Award); HCK Capital Group Berhad (Urban Revival Award); and Gunung Impian Development Sdn Bhd (Consumer Game Changer Award). The Awards Organising Committee also presented the inaugural Rising Star Award to Ms Lindy Tan of BCB Berhad for her fresh, innovative approach to working in the real estate scene.

The editorial team of Property Report by PropertyGuru, the official magazine, presented the Malaysia Real Estate Personality of the Year award to Tan Sri Dato’ Seri Vincent Tan, founder and advisor of Berjaya Corporation Berhad. He is honoured for several remarkable achievements, including the diversification of the conglomerate and its expansion into markets across Asia.

Malaysia’s leading property marketplaces, PropertyGuru.com.my and iProperty.com.my, jointly organised the black-tie gala dinner and presentation ceremony.
Hari V. Krishnan, CEO and managing director of PropertyGuru Group, said: “With our Awards, we continue to celebrate property development and design that is setting the standard for excellence in Malaysia. Our panel of expert judges recognise these projects have the chance to create real impact for the nation’s consumers. We believe that our winning developers and their projects will make a lasting, positive influence on the industry.”

Jules Kay, GM of PropertyGuru Asia Property Awards and Events, said: “Congratulations to the 2023 Malaysia award winners. We are proud to set a gold standard in design and development through the collaboration of two market leaders. With the backing of Malaysia’s premier property marketplaces – PropertyGuru Malaysia and iProperty – the Malaysia awards showcase the very best real estate to property seekers, domestically and internationally.”

Winners from the Awards in Malaysia may vie for the Best in Asia accolades at the 18th PropertyGuru Asia Property Awards Grand Final 2023 in Bangkok, Thailand on 8 December.

The 10th PropertyGuru Asia Awards Malaysia in partnership with iProperty.com.my programme is supported by official portal partners PropertyGuru.com.my and iProperty.com.my; official venue The Majestic Hotel Kuala Lumpur; official magazine Property Report by PropertyGuru; media partners Asian Property Review, BERNAMA, Kopi & Property, Niaga Times, Penang Property Talk, Real Estate Malaysia (REM), The Grid Asia, The Malaysia Voice, and Top 10 of Malaysia; supporting association REHDA Institute; official balloting partner HLB Ler Lum Chew – HLB Malaysia; and official supervisor HLB.

For more information, email awards@propertyguru.com or visit the official website: AsiaPropertyAwards.com.

COMPLETE LIST OF WINNERS
10th PropertyGuru Asia Awards Malaysia in partnership with iProperty.com.my

DEVELOPER AWARDS

Best Developer (Malaysia)
WINNER: WCT Land Sdn Bhd

Best Developer (Southern Malaysia)
WINNER: Tanah Sutera Development Sdn Bhd

Best Developer (Central Malaysia)
WINNER: WCT Land Sdn Bhd

Best Boutique Developer
WINNER: Tanjung Ratna Sdn Bhd

Best Mixed Use Developer
WINNER: WCT Land Sdn Bhd

Best Lifestyle Developer
WINNER: Mah Sing Group Berhad

Best Affordable Homes Developer
WINNER: Perbadanan Kemajuan Negeri Selangor

Best Luxury High-Rise Development (Central)
WINNER: Pavilion Mont Kiara by WCT Land Sdn Bhd

Best High End High-Rise Development (Central)
WINNER: Est8 @ Seputeh by Eupe Corporation Berhad

Best Mid End High-Rise Development (Central)
WINNER: Ayanna Resort Residences @ Bukit Jalil by Chin Hin Group Property

Best Mass Market High-Rise Development (Central)
WINNER: M Astra by Mah Sing Group Berhad

Best High End High-Rise Development (Southern)
WINNER: Greenville Residences by WCT Land Sdn Bhd

Best Waterfront High-Rise Development
WINNER: Residensi ZIG by Mega Legacy (M) Sdn Bhd

Best Value High-Rise Development
WINNER: Serasi Residences, Putra Heights Sentral by Sime Darby Property

Best Lifestyle High-Rise Development
WINNER: Ayanna Resort Residences @ Bukit Jalil by Chin Hin Group Property

Best Investment High-Rise Development
WINNER: IBN Highlands City by IBN Corp

Best Green High-Rise Development
WINNER: Allevia Mont’Kiara by UEM Sunrise Berhad

Best Eco Friendly High-Rise Development
WINNER: Stellar Damansara by OCR Land Development Sdn Bhd

Best Connectivity High-Rise Development
WINNER: The Connaught One by UEM Sunrise Berhad

Best Mass Market Landed Development (Central)
WINNER: Verna Serene Heights by UEM Sunrise Berhad

Best Value Landed Development
WINNER: Sena Mas @ Tasek Gelugor by PTL Properties Sdn. Bhd.

Best Smart Home Landed Development
WINNER: Nada Embun by Seri Pajam Development

Best Lifestyle Landed Development
WINNER: Ilham Residence by Sime Darby Property

Best Completed Landed Development
WINNER: Sena Mas @ Tasek Gelugor by PTL Properties Sdn. Bhd.

Best Integrated WFH Development
WINNER: Residensi ZIG by Mega Legacy (M) Sdn Bhd

Best Co Living Development
WINNER: The Meg by Eastern & Oriental Berhad

Best Industrial Development
WINNER: Bandar Bukit Raja by Sime Darby Property

Best Mixed Use Development
WINNER: The Connaught One by UEM Sunrise Berhad

Best Retail Development
WINNER: Sutera Square by Tanah Sutera Development Sdn Bhd

DESIGN AWARDS

Best Township Masterplan Design
WINNER: Andaman by Eastern & Oriental Berhad

Best Mixed Use Architectural Design
WINNER: The Connaught One by UEM Sunrise Berhad

Best Luxury High-Rise Architectural Design
WINNER: Pavilion Mont Kiara by WCT Land Sdn Bhd

Best High End High-Rise Architectural Design
WINNER: The MINH Mont’Kiara by UEM Sunrise Berhad

Best Landed Architectural Design
WINNER: D’ Art Hills Residence by PH World

Best High-Rise Interior Design
WINNER: Est8 @ Seputeh by Eupe Corporation Berhad

Best High-Rise Landscape Design
WINNER: Pavilion Mont Kiara by WCT Land Sdn Bhd

Best Clubhouse Design
WINNER: D’ Art Hills Residence by PH World

BEST OF MALAYSIA AWARDS

Best Landed Development (Malaysia)
WINNER: Ilham Residence by Sime Darby Property

Best High-Rise Development (Malaysia)
WINNER: Est8 @ Seputeh by Eupe Corporation Berhad

SPECIAL AWARDS

Special Recognition in ESG
WINNER: LBS Bina Group Berhad
WINNER: Mah Sing Group Berhad
WINNER: Tanah Sutera Development Sdn Bhd

Special Recognition for CSR
WINNER: LBS Bina Group Berhad
WINNER: Tanah Sutera Development Sdn Bhd
WINNER: WCT Land Sdn Bhd

Special Recognition in Sustainable Design and Construction
WINNER: LBS Bina Group Berhad
WINNER: Perbadanan Kemajuan Negeri Selangor
WINNER: WCT Land Sdn Bhd

PORTAL’S CHOICE AWARDS

Visionary Developer Award
WINNER: OCR Group Berhad

Urban Revival Award
WINNER: HCK Capital Group Berhad

Consumer Game Changer Award
WINNER: Gunung Impian Development Sdn Bhd

Rising Star Award
WINNER: BCB Berhad – Ms Lindy Tan

PUBLISHER’S CHOICE AWARD

Malaysia Real Estate Personality of the Year
WINNER: Tan Sri Dato’ Seri Vincent Tan, Founder and Advisor, Berjaya Corporation Berhad

PEOPLE’S CHOICE AWARDS

WINNER: Chin Hin Group Property
WINNER: Eastern & Oriental Berhad
WINNER: Glomac Berhad
WINNER: LBS Bina Group Berhad
WINNER: Mah Sing Group Berhad
WINNER: Mitraland Group
WINNER: Perbadanan Kemajuan Negeri Selangor
WINNER: Seri Pajam Development
WINNER: Sime Darby Property
WINNER: UEM Sunrise Berhad

The Penang Island City Council (MBPP) is open to considering proposals for the alternative use of an abandoned two-storey hawker complex in Lengkok Erskine, apart from its original purpose as a food court.

Nicholas Theng Jie Wey, the MBPP alternate chairman of the Finance Committee, revealed that despite three previous calls for Request for Proposals (RFP), there were no takers for the hawker complex.

Handed over to the care of MBPP in 2013 after being built by a developer, the hawker complex is located on Lot 2964, Section 1, Lengkok Erskine, Taman Kristal, in George Town, covering an area of 1,070sq metres (11,517sq ft).

“Featuring 47 existing stalls on the first floor and a ground-floor car park with 29 spaces, the MBPP intends to invite tenders for the redevelopment, management and maintenance of the hawker centre. The submission deadline for proposals is set on Feb 5, 2024.

“Anyone interested in participating in this tender is required to attend a briefing session and site visit on Dec 4 (Monday),” Theng told reporters in Komtar today.

In another development, Theng also announced that MBPP is also inviting proposals through RFP process for a two-storey shophouse on Lot 376, Section 18, George Town.

The ​​land and building dimensions for this property on 26, Lebuh Armenian, are 2494sq ft and 3264sq ft respectively.

The shophouse, classified as a Category 2 heritage building with ‘Early Transitional Style’ architecture, is located within the George Town World Heritage Site.

“This building needs to be preserved and restored based on the George Town World Heritage Site Special Area Plan.

“This property had been advertised for rental and renovation without success due to the three-year rental terms.

“Now, MBPP intends to lease this property for a period of 10 years with one extension possible, up to a maximum of 20 years. The tender statement was issued on 27 November 2023 in several major newspapers, with the deadline for submissions set for 5 February, 2024.

“Interested parties are required to attend a briefing session and site visit on Dec 4 (Monday) at 9.30am,” Theng added.

Source: Buletin Mutiara

The ban on short-term rental in Penang has resulted in an increase in property values and rental yields, according to Eastern & Oriental Bhd (E&O).

E&O executive chairman Datuk Tee Eng Ho said the group’s property development in Penang was never intended to be marketed as an investment play.

“Whichever condominium without Airbnb, their property price goes up, rental even much better,” he told reporters and analysts at E&O’s 2QFY2024 results briefing on Wednesday.

“Our [development in] Andaman Island, we never targeted it for people to do Airbnb,” Tee added.

Tee was referring to the Andaman Island development, an artificial island off the Northeast coast of Penang that is set to be launched in the first quarter of 2024.

Effective May 25 this year, the state government of Penang imposed a ban on almost all types of short-stay accommodation, making it the first state in Malaysia to impose such a ban.

Source: TheEdgeMalaysia.com

Damai Springs, a small landed housing development by General Supreme Sdn. Bhd. (a subsidiary of Airmas Group) in Bukit Mertajam. Strategically located near Jalan Betek, diagonally opposite Harmoni Residensi gated and guarded community by the same company. With direct access to the ever-bustling Jalan Song Ban Kheng, an abundance of essential amenities are easily accessible within a mere minutes’ drive, which includes public schools, banks, markets, popular eateries and others.

This development comprises 26 units of 2-storey terrace and 4 units of bungalow houses.

Project Name: Damai Springs
Location : Bukit Mertajam
Property Type : Residential
Total Units: 26 (terrace), 4 (bungalow)
Built-up Size: 1,655 sq.ft. (terrace), 2,830 sq.ft. (bungalow)
Land Tenure : Freehold
Indicative Price : RM1,800,000 (bungalow), RM928,000 (terrace)
Developer: General Supreme Sdn. Bhd. (Airmas Group)

SITE PROGRESS

SITE PROGRESS: Damai Springs (Dec 2023)

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.