About GEM Residences

GEM Residences, a commercial development by Belleview Group at Prai, Penang. It is part of the company’s 6 hectares mixed development along Jalan Baru, diagonally opposite Megamall Penang. Next to it will be the upcoming largest mall in the northern region – GEM Mall, the tenant mix include SOGO (first and largest departmental store in the northen region at 212,000 sq.ft.) and a supermarket (largest at 50,000 sq.ft.).

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Penang’s ongoing infrastructure developments, including the Bayan Lepas light rail transit (LRT) and Silicon Island projects, are elevating the outlook for several companies in the construction and property development sectors. This is according to a research report by Maybank Investment Bank (Maybank IB) which identified beneficiaries including Gamuda Bhd, IJM Corp Bhd, and Sunway Construction Group Bhd within construction and S P Setia Bhd, among others in property development.

The bank’s researchers visited Penang and their observations on the ground backed up their positive perspective on the state’s potential, with major projects driving Penang’s attraction for foreign direct investment (FDI) and tourism. Gamuda has a substantial stake in the construction sector, partnering with the Penang state government on the Silicon Island development. While in the property sector, an array of developers, including S P Setia, Eco World Development Group Bhd and IJM are set to redraw the landscape of Penang.

The researchers noted other significant infrastructure developments underway or in planning. These include the Penang International Airport expansion, which could virtually double its capacity; the Bayan Lepas LRT that could provide a transport link between the island and the mainland; and Silicon Island, a project with enormous potential to attract FDI and generate employment. If the LRT project extends to the Penang mainland, Malaysian Resources Corp Bhd and Eastern & Oriental could also stand to gain. Maybank IB also hinted that a third bridge between the island and mainland could be included in the Penang Transport Master Plan.

Maybank IB believes that these developments will aid Penang’s long-term growth, luring more FDI, especially in high-tech manufacturing. The Bayan Lepas LRT, in particular, is forecast to be a game-changer for the property market, which could be partially funded by new transit-oriented property developments. This move is expected to receive substantial response.

In addition to Silicon Island, ambitious projects like The Light Waterfront Phase 2 and Andaman Island are set to transform the dynamics of Penang’s property market. Despite the introduction of a new industrial park in Perak, Penang’s industrial land demand remains unaffected due to its connectivity, infrastructure and skilled workforce, the report says.

About Ideal Residency

Affordable housing development by Ideal Property Group in Penang Island. This development is strategically located on Kampung Kastam land near the intersection of Jalan Bukit Gambier and Jalan Lembah, less than 2km away from University Science Malaysia (USM). It features 1,218 affordable housing units with a standard built-up size of 850 sq.ft.

*Photo taken in Oct 2023

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A-Park is a guarded light industrial park development undertaken by Ancubic Industries Sdn. Bhd., situated in proximity to Valdor Industrial Park. It is positioned along Jalan Perindustrian Valdor, adjacent to Khong Long Huat Chemicals Sdn. Bhd. Additionally, it is conveniently accessible, being just a 5-minute drive away from Batu Kawan Industrial Park, while being surrounded by several SME factories in the vicinity.

The development will consist of 50 units of semi-detached and detached factories, which will be completed in various phases. Security features include security service, advanced visitor management, and direct owner access control systems.

Project Name: A-Park
Location : Valdor, Simpang Ampat
Property Type : Light industrial
Total Units: 50
Built-up Size: (to be confirmed)
Land Tenure : Freehold
Indicative Price : (to be confirmed)
Developer: Ancubic Industries Sdn. Bhd.

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.

The Vision Park in Kepala Batas has transformed into a magical wonderland and illuminated by over a million colourful lightbulbs.

Throngs of visitors are enchanted every night since it opened on Oct 27.

The one-month event, known as Luna Lights Wonderland 2023, is jointly organised by the Seberang Perai City Council (MBSP) and Red Bear Event. It runs until Nov 26, from 7pm until midnight.

MBSP secretary Baderul Amin Abdul Hamid said ‘Luna’ is derived from the Latin word for moon.

“The showcase features five different themes, namely aerospace, aquatic, animal kingdom, romance and mystery forest.

“The highlights also include the 11m-high Luna mascot, the Aurora River, an LED picnic area, a ‘Love’ tunnel, a Star Wars tunnel, an Avatar tunnel and many more.

“There are also food stalls and photo booths as well for visitors to enjoy.

“Hopefully, this programme also can foster a stronger sense of community among the locals and enhance the park’s atmosphere with its unique decorative lights,” Baderul said in his speech before Penang Local Government, Town and Country Planning Committee chairman Jason H’ng Mooi Lye launched the event tonight.

Also present was Red Bear Event director Tan Khow Chuan.

Meanwhile, H’ng expressed his hopes that the event at the 24-acre park would attract more visitors to visit Seberang Perai.

Tan said the Luna Lights Wonderland 2023 showcase would be held in 10 states, and Penang is the third state to host it after Kedah and Negri Sembilan.

“The ticket price is RM15 for adults and RM8 for children aged 12 and below,” he said.

Source: Buletin Mutiara