PTT Synergy Group Bhd has entered into a sale and purchase agreement (SPA) to acquire two parcels of freehold development land for RM70.56 million via indirect wholly owned subsidiary Projek Tetap Teguh Sdn Bhd (Projek TT) today.

In a filing with Bursa Malaysia, the group said the 7.28 hectares (18 acres) are located in Seberang Perai Selatan, Penang.

The company said the proposed acquisition is expected to strengthen the group’s involvement within the industrial development segment and is “a valuable addition” to the group’s landbank.

“The group is currently focused on industrial development as its key synergistic pillar and core competence” with a “built-to-suit and warehousing solution” to cater exclusively to its customers’ needs, the filing said.

The group has also proposed to undertake a private placement of up to 36 million new shares, representing approximately 20 per cent of total shares issued at a price to be determined later.

As at Sept 18, 2023, being the latest practicable date prior to this announcement, its issued share capital is RM173.21 million, comprising 180.08 million shares. It does not have any treasury shares.

Source: Bernama

Yet another proposed mixed development located in Nibong Tebal, near the state border of Penang and Perak. Undertaken by SYK Resort @ Development Sdn. Bhd, the development is situated between Taman Tempua and Taman Golden Jade along Jalan Permatang Tok Mahat. It’s approximately 500 meters from the state border.

Comprising a blend of residential and commercial components, it includes 21 units of 2-storey shop offices, 64 units of 2-storey semi-detached houses, and 2 units of 2-storey bungalows. Additionally, a community hall is planned to serve the residents of the area.

The project is still in its planning stage. More details to be available upon official launch.

Project Name: (to be confirmed)
Location: Nibong Tebal
Property Type: Mixed development
Built-up Size: (to be confirmed)
Total Unit: 21 (shop office), 64 (semi-detached), 2 (bungalow)
Indicative Price: (to be confirmed)
Developer: SYK Resort @ Development 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 George Penang by The Crest Collection in George Town has elevated the state’s tourism sector since its establishment, Chief Minister Chow Kon Yeow said.

Chow attributed the success to the dedicated team of The Ascott Limited, which managed the hotel.

“My heartfelt congratulations to all who contributed to this achievement, particularly Venice Property chairman Alan Khor.

“It’s your commitment that has given rise to an establishment that mirrors not only the spirit of George Town but also enhances the state’s tourism outlook.

“To the Ascott Limited, a global leader in premium services residences, I commend your visionary curation of The Crest Collection, and I am elated that The George Penang has earned its rightful place.

“Your dedication to hospitality and the preservation of heritage is commendable,” he said in his speech during the official launching of The George Penang yesterday.

Chow noted that The George Penang has a place in his heart as he was the state executive councillor when the idea of the hotel was being mooted.

He said Penang has also come a long way in the past few decades, transforming from a traditional seaport economy to being known as the ‘Silicon Valley of the East.’

Chow also pointed out Penang is internationally recognised as one of the foremost cultural heritage tourism destinations in the world.

During the event, those present were also treated to a sumptuous luncheon.

Ascott International Malaysia Country general manager Mondi Mecja expressed his hope that the hotel would continue to have a positive impact on the state’s tourism.

Among those present were state Tourism and Creative Economy Committee chairman Wong Hon Wai, Khor, and Ascott International Malaysia general manager Shafar Jamaludin.

Source: Buletin Mutiara

About Vivo Executive Apartment

A serviced apartment within Aspen Vision City township development at Batu Kawan. It is strategically located next to the upcoming Integrated Shopping Mall, walking distance to the Central Island Park. The units will be built complete with communal co-sharing working space and a social kitchen to support the modern lifestyle of young working adults.

Find out more about Vivo Executive Apartment

In a significant move towards promoting electric mobility and reducing carbon emissions, Malaysia has taken a leap forward with the introduction of comprehensive guidelines for electric vehicle charging bays (GPP EVCB). This initiative comes as part of the government’s commitment to improving the approval process for the construction of electric vehicle charging infrastructure, aiming to facilitate the growth of the electric vehicle (EV) market in the country. Prime Minister Datuk Seri Anwar Ibrahim announced this development last month, and now, these guidelines are set to play a pivotal role in shaping the future of EV charging in Malaysia.

The GPP EVCB Guidelines

The 74-page GPP EVCB document, released by the federal department of town and country planning (JPBD), is now available for viewing on PlanMalaysia’s myTOWN.net portal. These guidelines provide a comprehensive framework for state and local authorities, as well as stakeholders, to plan, design, and construct electric vehicle charging bays (EVCBs) in Malaysia. The document encompasses planning and design requirements for EVCBs in both existing and new buildings and developments, fire safety requirements, and local government procedures that need to be followed.

Key Highlights of the GPP EVCB Guidelines

Diverse Locations for EVCBs: The guidelines outline various locations where EVCBs can be installed, including strata and non-strata housing, industrial and commercial areas, institutions, petrol stations, and rest and service (R&R) areas. They can be placed both outside and inside buildings, including rooftop installations.

AC and DC Charger Placement: The guidelines differentiate between AC and DC chargers. For AC charging bays (up to 22kW rating), there are no placement limitations in multi-storey applications, allowing them to be built at all indoor parking levels. However, for DC chargers, specific placement restrictions apply in multi-storey buildings, prioritizing the ground and the first two upper levels for indoor installations. For basement parking, DC chargers are permitted only on the first level below ground, ensuring compliance with fire safety guidelines.

Safety and Accessibility: EVCBs must be situated away from stairs or emergency exits to avoid obstructing exit routes in case of emergencies. Additionally, the guidelines specify that EVCBs in new developments should be 2.5 meters wide and six meters long, with an additional meter in width for disabled-friendly charging bays.

Minimum EVCB Requirements: For new multi-storey residential and commercial developments, the guidelines mandate that a minimum of 2% of the total parking spaces be allocated as EVCBs. In residential developments, at least one EVCB must be provided in visitor parking, while in commercial developments, a minimum of one EVCB must be disabled-friendly. Furthermore, a minimum of one electric motorcycle charging bay per building is required for new developments, irrespective of residential or commercial use.

Existing Developments: While the guidelines provide clear instructions for new developments, they suggest that the number of EVCBs for existing developments should be based on demand, making it flexible for businesses and residential complexes to adapt to the evolving EV market.

Application and Approval Process: The GPP EVCB guidelines also lay out a streamlined process for application and approval, with a seven-day timeframe for AC chargers and a 14-day timeframe for DC chargers. The document details the procedural steps required for EVCB installations, simplifying the process for all stakeholders involved.

To find out more details, you can download the CPP EVCB document here.