Scott @ Logan, a commercial development by Advance Golden Properties Sdn. Bhd. in the heart of George Town. Situated on Jalan Logan, directly across the road from Logan Ville apartment, this location is less than 2km from KOMTAR and boasts numerous amenities that can be reached within a 5-minute drive.

This development will include the refurbishment of the existing 2-storey heritage building and the construction of a 36-storey serviced apartment with a total of 311 residential units. There will also be an automated car parking facility.

Project Name : Scott @ Logan
Location : George Town
Property Type : Serviced residence
Tenure : (to be confirmed)
Land Area: (to be confirmed)
Built-up Area: 338 sq.ft. – 902 sq.ft.
Total Units : 311
Indicative Price: (to be confirmed)
Developer : Advance Golden Properties 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 historic 1926 Heritage Hotel Penang, located on Burma Road, is set to reopen in 2026, coinciding with its 100th anniversary. This reopening follows a significant RM20 million refurbishment project, initiated by Jetblue Sdn Bhd in collaboration with The Ascott Limited, and marks the revival of a key heritage landmark in Penang.

Jetblue Sdn Bhd recently signed a 15-year lease agreement with the Penang Development Corporation (PDC), the property owner, with an option for a 15-year extension. The Penang Chief Minister, Chow Kon Yeow, who is also the chairman of PDC, emphasized the importance of this project in enhancing Penang’s appeal as a premier tourism destination. Chow noted, “The original structure of the heritage building will be maintained, with only the interiors being upgraded and refurbished, while preserving the exterior’s heritage features.”

The hotel, which has been vacant since 2020, was originally built in 1926 as 24 linked houses in an Anglo-Malay architectural style. These houses once served as quarters for British immigration officers and local administrators. Over time, the property was converted into a hotel with 96 rooms. However, the upcoming renovation will see some smaller rooms combined, resulting in a total of 78 rooms upon reopening.

The refurbishment is set to breathe new life into the 100-year-old structure, maintaining its historical significance while introducing modern amenities. Jetblue Sdn Bhd has invested heavily in the project, with The Ascott Limited, a Singapore-based company, taking on the management of the hotel. The 1926 Heritage Hotel will become part of Ascott’s The Unlimited Collection brand, ensuring a blend of luxury and heritage.

PDC’s call for a request for proposal (RFP) attracted several applicants, with Jetblue being selected to spearhead this landmark project. The goal is to reopen the hotel in time for its centennial celebration in 2026, transforming it into an iconic symbol of Penang’s rich history and vibrant tourism sector.

This project not only preserves a key piece of Penang’s architectural heritage but also contributes to the state’s economic development by enhancing its tourism offerings. With nearly seven million tourist arrivals in 2023, the 1926 Heritage Hotel Penang is poised to further boost the state’s economy and become a source of pride for Penang and its people.

The Penang Port Commission (PPC) has issued a request for proposal (RFP) for the development of its warehouses and the Tanjung City Marina land.

PPC chairman Datuk Yeoh Soon Hin said the objective of the RFP is to invite financially and technically qualified companies to implement the proposed development of the warehouses, situated at the Church Street Pier.

“As for the development of the Tanjung City Marina land, the lease period would be for 30 years with an option for a 15-year extension,” said Yeoh on the PPC Facebook page on Monday (Sept 2).

“Since the existing warehouses are within the heritage enclave (Category 2), the buildings are not allowed to be demolished.”

Both developments involve a land size of 24,391 square metres.

This is the third time an RFP has been called for the project, with the first one in 2019, to develop the Tanjung Marina land within the George Town Unesco World Heritage site, which has been abandoned since 2014.

It was built at a cost of RM43mil in the early 2000s by the Federal Government to rejuvenate the former Church Street Pier.

However, the plans of 2019 fell through when the Pakatan Government fell in 2020.

In 2021, PPC entered into an agreement with MPDT Capital Berhad involving a RM120mil investment by the company to develop the warehouses and part of the Tanjung City Marina.

The project was dubbed ‘MPDT 1880 Heritage Reborn’, featuring attractions housed in a 24,956 sq m area.

It is still not known what happened to the deal.

Source: TheStar.com.my

INFINITY8, a leading co-working space provider, has officially launched its first co-working space in Penang, marking the company’s expansion into the northern region of Malaysia. Named INFINITY8 Reserve George Town, this new space is strategically located in a 25,000 sq. ft. heritage building on Beach Street, once home to Standard Chartered Bank for over 87 years.

The opening ceremony was officiated by Penang Chief Minister Chow Kon Yeow, who emphasized the significant impact this co-working space could have on the state’s economy. “INFINITY8 Reserve George Town offers more than just a workspace; it is a platform for innovation, collaboration, and business growth,” Chow said. He highlighted that the space will attract both local and foreign enterprises, facilitating cross-border collaborations that can lead to new ventures and strategic partnerships. “The co-working space provides access to key market insights, local expertise, and support services like IT and legal assistance, reducing the risks and costs associated with setting up a business in Penang,” he added.

Chow also underscored the growing importance of co-working spaces in the digital era, particularly in a state like Penang that prioritizes inclusivity and innovation. He pointed out that the Covid-19 pandemic accelerated a global shift towards remote work, leading to a surge in the number of digital nomads—professionals who work remotely while traveling. “Penang has become a magnet for digital nomads due to its affordability, safety, and vibrant cultural scene,” Chow said. The state was recently ranked 10th in the Nomad Index (2023), which evaluates the best cities for digital nomads to live, work, and travel. This ranking places Penang ahead of notable cities like Kuala Lumpur, Da Nang, and Seoul.

In line with this trend, INFINITY8 Reserve George Town is poised to cater to the growing community of digital nomads, offering them a dynamic and flexible workspace that meets their unique needs. The space is housed in a 100-year-old colonial building, also known as the Standard Chartered Bank Building, which has been meticulously restored to blend historical charm with modern amenities. The location’s proximity to various facilities and amenities makes it an ideal spot for both local and international professionals.

INFINITY8’s co-founder, Lee Sheah Liang, expressed his enthusiasm for the new venture in Penang. “This is our 10th branch nationwide, and it’s particularly special because Penang is my favorite city in Malaysia. After nearly nine months of planning and discussions, we are thrilled to open this space and contribute to the state’s vibrant business ecosystem,” Lee said.

Founded in Johor Bahru in 2017, INFINITY8 has quickly established itself as a leader in the co-working industry, known for its mission to “redesign space, redefine work.” The company’s spaces are designed to inspire creativity and foster collaboration, making them ideal for startups, freelancers, and established businesses alike.

The new Penang branch is expected to play a pivotal role in attracting investments, supporting local startups, and fostering a dynamic business environment. By providing a conducive space for businesses to thrive, INFINITY8 Reserve George Town is set to contribute significantly to Penang’s economic growth, making the state an even more attractive destination for talent, investment, and innovation.

A new affordable housing scheme called ‘New Talent Housing’ (Rumah Bakat Baru) is scheduled to be launched next year (2025) by PDC Properties Sdn Bhd (PDCP), a subsidiary of Penang Development Corporation (PDC).

PDC chief executive officer Datuk Aziz Bakar said the housing scheme is aimed at addressing the growing demand from young workers and first-home buyers.

“This scheme will incorporate the latest Industrialised Building System (IBS) to build high-quality residences across Bandar Cassia, Batu Kawan, and Seberang Jaya.

“PDCP focuses on building quality, high-end projects at affordable prices through innovation, convenience, and sustainability. Over the years, it has developed a wide range of projects in Penang, including residential, commercial, and mixed developments.

“A key factor behind the evolution and growth of PDCP’s portfolio is its focus on understanding and anticipating demographic and market demands.

“Through market research and analysis, PDCP identifies emerging trends and opportunities, allowing it to stay ahead and deliver projects that resonate with contemporary lifestyles.

“In line with global changes in housing demands and lifestyles, PDCP has developed more high-rise properties with the latest construction technologies,” Aziz told Buletin Mutiara recently.

He added that PDCP’s commitment to promoting inclusivity and diversity has led to the integration of affordable housing within vibrant townships, offering various amenities.

“Recently, PDCP has reoriented its focus towards making Penang a more liveable and dynamic state by shifting towards innovative and sustainable housing solutions.

“This includes high-impact housing projects, or SMART homes, with smart technologies at affordable prices, catering to Penangites from all walks of life and bridging the gap between affordable and luxury homes.

“By maintaining a check-and-balance on Penang’s property prices, PDCP continues to safeguard the affordability of homes for every Penangite, making Penang the ultimate destination for urban living, talent migration, and investment opportunities,” he said.

Aziz also highlighted PDC’s pivotal role in leading and shaping the state’s property landscape.

“PDC has continually provided various housing schemes for different income groups, ensuring a home for every Penangite.

“PDC’s role as the state’s main property developer began with its early initiatives in creating new townships for the booming industrial areas of Bayan Lepas and Seberang Jaya.

“Its aim to urbanise these once rural areas grew in tandem with housing provision, not only for industrial workers but for Penangites in general, encouraging population migration to the newly formed townships.

“From low to medium-cost flats and landed housing options across the new townships of Bayan Baru and Seberang Jaya, to developments like Macallum Street Ghaut and Kedah Road as part of George Town’s urban renewal scheme, PDC’s housing projects have not only enhanced the quality of life for Penangites but also broadened the state’s economic base by building a formidable construction sector,” he emphasised.

Source: Buletin Mutiara