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Penang leads the way with green-certified affordable housing initiative

Property News/ 20 September 2024 No comments

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The Penang government is taking a bold step towards becoming Malaysia’s first state to offer green-certified affordable housing, a move that aligns with its broader mission to enhance environmental sustainability. Penang Housing and Environment Committee chairman Datuk Seri Sundarajoo Somu emphasized that this initiative is designed to promote environmental awareness and accountability among the public.

Sundarajoo highlighted that all affordable housing in Penang, regardless of price, will come with a green certification from recognized bodies such as GreenRE or the Green Building Index (GBI). “Whether a house is priced at RM42,000 or RM300,000, it will include green certification,” he stated. This is a significant milestone for the state, as it integrates sustainability into the housing sector while keeping affordability in mind.

Green certifications such as GreenRE and GBI play a crucial role in ensuring that buildings are designed and constructed in an environmentally friendly manner. GreenRE, launched by the Real Estate and Housing Developers’ Association (REHDA) in 2013, promotes sustainable practices in the property sector, while GBI is Malaysia’s premier green rating tool for buildings, driving energy efficiency and reduced environmental impact.

The introduction of green-certified affordable housing is not just a housing initiative but a step toward tackling the ongoing challenges of climate change. Penang has already been experiencing the effects of extreme weather patterns, making it imperative for the state to adopt measures that contribute to environmental protection. This affordable housing initiative is just one part of the larger effort by the Penang government to promote sustainability.

In addition to the housing project, the Penang government has launched other green initiatives, including planting over 1.2 million trees across the state. Sundarajoo announced that plans are underway to plant Pinang (areca nut palm) trees next year, marking Penang’s commitment to preserving its natural heritage. Another successful initiative was the hibiscus tree-planting campaign, in which over 7,600 hibiscus trees were planted in conjunction with Malaysia’s 67th Independence Day, exceeding the original target of 6,700.

Sundarajoo also reflected on the Penang Green Council’s (PGC) pioneering role in promoting environmental sustainability since its inception in 2011. He recalled his involvement in the early days of the council, which was founded under the leadership of former Chief Minister Lim Guan Eng. One of PGC’s earliest major initiatives was the “No Free Plastic Day” campaign, aimed at reducing plastic waste. This campaign was a key driver in the eventual ban on plastic straws in the state.

Through these collective efforts, Penang is positioning itself as a leader in green practices, not just within Malaysia but on a global scale. By integrating green certification into affordable housing, Penang is setting a precedent for other states to follow. The initiative represents a commitment to ensuring that even the most cost-effective homes meet the highest environmental standards, benefiting both residents and the planet.

As the state continues to tackle climate challenges, every small action counts, and Penang’s green-certified housing initiative is a vital step toward a more sustainable future.

Penang CM inspects progress of Taman Cassia Cempaka

Property News/ 20 September 2024 No comments

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Penang CM YAB Tuan Chow Kon Yeow recently led a site visit to inspect the progress of development projects by the Penang Development Corporation (PDC) and its subsidiary, PDC Properties. Accompanied by PDC CEO YBhg. Dato’ Aziz Bin Bakar and PDC Properties CEO Ir Ismail Bin Ishak, the visit focused on Taman Cassia Cempaka Phases 1 and 2 in Batu Kawan, which are currently under construction.

Taman Cassia Cempaka spans 28.4 acres and is being developed in four phases. Phase 1, launched in May 2023, has already sold out and is expected to be completed by the end of this year. Phase 2, now open for bookings, features 27 units, including a luxurious double-storey bungalow priced at RM1,786,076 and 26 semi-detached homes ranging from RM941,043 to RM1,189,346.

Situated along Jalan Batu Kawan, this exclusive development offers convenient access to major landmarks such as IKEA, Design Village, and the Penang Second Bridge. Residents will also benefit from proximity to key services, including the Batu Kawan Police Station and Fire & Rescue Station, enhancing safety and convenience.

With its freehold status and strategic location, Taman Cassia Cempaka represents an excellent investment opportunity. Interested buyers can contact 04-2401999 for further details. This is a prime opportunity to own a luxury home in the rapidly developing Bandar Cassia area.

 

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SITE PROGRESS: G’Vinton (Sep 2024)

Property News/ 18 September 2024 No comments

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About G’Vinton

A serviced residence development by GSD Land in George Town. The project spans approximately 1 acre and is strategically positioned between Ambank and the NSTP building, offering convenient access to KOMTAR and Gurney Drive. The development will include 508 serviced suites, a nine-level car parking podium, and four shop offices on the ground floor. Recreational facilities will be located on level 38.

*Photo taken in Aug 2024

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Bandar Cassia Technology Park on track for 2026 completion

Property News/ 17 September 2024 No comments

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The construction of the Bandar Cassia Technology Park (BCTP) is on track, with full completion expected by 2026, according to Penang Chief Minister Chow Kon Yeow. Chow, who is also the chairman of the Penang Development Corporation (PDC), revealed that the project, which began in 2022, spans 303 acres of industrial land and involves comprehensive earthworks and infrastructure development.

Divided into five phases, the industrial park is designed to meet the needs of both local and international investors. Phase 1A covers 60 acres, while Phase 1B spans 57.27 acres, followed by Phases 2, 3, 4, and 5, which together will complete the project. So far, 144 acres have been completed, with construction ongoing for the remaining 159 acres, which includes essential infrastructure such as road works, a sewerage treatment plant, and electrical systems.

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Two investors have already begun building their manufacturing facilities within the park, reflecting the growing interest in the site. Chow emphasized the importance of attracting companies that adhere to Environmental, Social, and Governance (ESG) principles, particularly in the green and high-tech sectors.

“We are focused on drawing investors who align with these principles, ensuring that BCTP becomes a hub for sustainable and high-tech industries,” Chow said during a site visit.

PDC chief executive officer Datuk Aziz Bakar, who was also present, reiterated the importance of this project in driving Penang’s industrial growth and enhancing its global competitiveness.

 

Batu Kawan Bridge set to open next month

Property News/ 16 September 2024 1 comment

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The much-anticipated Batu Kawan Bridge, located near Batu Kawan Stadium, is expected to open to the public in October, according to Penang Chief Minister Chow Kon Yeow. The construction project, which began in December 2022, is now 85% complete. Although progress was briefly delayed due to a partial bridge collapse, Chow assured that the Penang Development Corporation (PDC) has taken steps to prevent future incidents.

Chow, who also serves as the PDC chairman, stated that construction is proceeding smoothly and is on track to be completed by the end of September, with Umech Construction Sdn Bhd as the contractor. The bridge, which spans 1km and cost RM23 million, will feature a three-lane dual carriageway, enhancing connectivity between Bukit Tambun and Batu Kawan.

During a site visit, PDC chief executive officer Datuk Aziz Bakar accompanied Chow, who emphasized that the new bridge will significantly improve access in the region. The public can expect the bridge to be fully operational next month.

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