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SITE PROGRESS: Terraces Condominium (Jan 2025)

Property News/ 11 January 2025 No comments

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About Terraces Condominium

A highrise residential development by IJM Land at Bukit Jambul, Penang. Strategically located on 9.32 acres of land next to INTI International College. It comprises a 34-storey condominium tower, featuring 410 residential units with two different design types to choose from.

*Photo taken in Dec 2024

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Penang to roll out RM1.8 billion water supply projects

Property News/ 10 January 2025 No comments
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Source: PBA

The Penang Water Supply Corporation (PBAPP) has announced six major water supply projects valued at over RM1.8 billion to meet the rising water demand in the state. Four of these projects, costing a total of RM824 million, are set to begin this year under the state’s Water Contingency Plan 2030 (WCP 2030).

The planned initiatives include two new water treatment plants with a combined capacity of 228 million litres per day (MLD). The Mengkeng Dam plant will cost RM250 million, while the Sungai Kerian plant is valued at RM402 million. Additionally, PBAPP will install a 13km pipeline from the Sungai Dua plant to Butterworth at a cost of RM128 million and a 3.9km pipeline connecting Macallum to the Bukit Dumbar Reservoir and Pumping Station Complex on Penang Island for RM44 million.

PBAPP, a subsidiary of PBA Holdings Bhd, has secured a commitment from Pengurusan Aset Air Bhd (PAAB), a Ministry of Finance-owned entity, to fund two additional water treatment plants. The Sungai Perai plant will have a capacity of 136 MLD and cost RM588 million, while the Sungai Muda plant, with a 114 MLD capacity, is estimated at RM435 million. PBAPP will repay PAAB through long-term financing arrangements.

PBAPP CEO Datuk K. Pathmanathan emphasized the importance of these projects, stating that PBAPP and the state government are also advocating for federal funding. Between RM500 million and RM700 million is projected for six federal water projects, including the Lahar Yooi Pump House and a dual-purpose pipeline linking Mengkuang Dam and the Sungai Dua Canal.

Furthermore, Penang plans to apply for federal support for two off-river storage schemes under the 13th Malaysia Plan, ensuring sustainable water management for the state’s growing needs.

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Free parking extended for Penang Smart Parking users until 11 Jan

Property News/ 9 January 2025 No comments

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Penang Smart Parking (PSP) users can continue to enjoy free parking from 6 January 2025 at 3:30 PM until 11 January 2025 at 11:59 PM. This extension comes as the app continues to face technical issues, providing users with a temporary relief while the problems are being resolved.

For users who have made parking payments during this free parking period, refunds will be processed automatically. The refunded amount will be credited to the PSP eWallet within seven working days starting from 12 January 2025. This ensures that users are not financially impacted by the app’s technical difficulties.

Users requiring assistance or further clarification can contact PSP’s customer support team. The PSP hotline is available at 1700-81-8113 or 1300-30-0080. Alternatively, inquiries can be sent via email to support_psp@htpsmartsolution.com.my or through direct messages on PSP’s official social media platforms.

The initiative to offer free parking underscores PSP’s commitment to minimizing inconvenience for its users while the system issues are addressed.

Tapak Pesta Sungai Nibong will soon make way for Mutiara Line LRT secondary depot

Property News/ 9 January 2025 2 comments
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Photo: @DroneAriel

This year’s iconic Pesta Pulau Pinang is set to be the last held at the Tapak Pesta Sungai Nibong, as the venue will soon make way for the Mutiara Light Rail Transit (LRT) Line development.

Chief Minister Chow Kon Yeow announced during the festival’s launch that part of the site will be repurposed for the LRT project, which includes a secondary depot and transit-oriented development.

“While the 2025 edition will likely take place at a new location, the essence of Pesta Pulau Pinang – a celebration of Penang’s culture and community – will remain unchanged,” Chow said.

Launched by Governor Tun Ahmad Fuzi Abdul Razak, the 58th Pesta Pulau Pinang carries the theme “Nostalgia Pesta” and reflects the festival’s rich history since its inception in 1966. Over the years, it has grown into a major tourism highlight, drawing both local and international visitors.

Chow also revealed that the state government has allocated RM4.5 million for the 2024/2025 edition to cover operations, infrastructure upgrades, and enhanced visitor experiences.

Running for 44 days until February 2, the festival has already attracted over 150,000 visitors and generated RM745,840 in ticket sales. Organisers anticipate a total turnout of 500,000 attendees by its conclusion.

As Penang looks ahead to hosting the event at a new venue, the state remains committed to preserving the spirit of Pesta Pulau Pinang as a vibrant celebration of unity, culture, and innovation.

Damai Lestari

Bertam/ 8 January 2025 No comments
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Picture: Pre-launching of Damai Lestari (Dec 2024)

Damai Lestari is a proposed landed residential project by PDC Properties, situated in Bertam, near Jalan Bertam 2. The development is strategically located close to Lotus’s hypermarket, Northern Seberang Perai Police Quarters, and other government buildings, providing convenient access to amenities and services.

Spanning 4.481 acres, the project will feature 28 double-storey terrace houses and 20 double-storey semi-detached houses, all with freehold tenure. The built-up areas range from 1,830 sq. ft. to 2,356 sq. ft. The development is expected to be launched for sale in the first quarter of 2025.

Property Project : Damai Lestari
Location : Bertam
Property Type : Residential
Total Units: 28 (terrace), 20 (semi-detached)
Built-up Area: 1,830 sq. ft. to 2,356 sq. ft.
Land Tenure: Freehold
Indicative Price: (to be confirmed)
Developer: PDC Properties Sdn. Bhd.

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