Ideal Property Group has garnered international fame with their high end seafront residences, Queens Residences Q1, winning the prestigious World Gold Winner title at the 2024 FIABCI World Prix d’Excellence Awards. This accolade, awarded for Q1’s exceptional performance, underscores the group’s formidable strength and extensive experience in the field. This honor not only elevates Malaysia’s real estate industry on the global stage but also firmly establishes Ideal Property Group as a leader in delivering excellence.

Recognizing real estate projects that demonstrate exceptional global performance, the FIABCI World Prix d’Excellence Awards are esteemed as the “Oscars of the real estate industry.” Queens Residences Q1’s distinction among numerous outstanding projects worldwide is a testament to its unparalleled excellence in architectural design, quality, innovation, and sustainability, meeting the international standards.

The award ceremony was held on May 30 at Gardens by the Bay in Singapore this year. The international panel of judges rigorously evaluated each entry based on comprehensive criteria, including architecture and design, development and construction, community benefits, environmental impact, financial and marketing success.

Puan Sri Datuk Phor Li Wei, Executive Director of Ideal Property Group, expressed profound honor in contributing to the real estate industry through the creation of high-caliber development projects. This honor not only highlights the international industry’s high regard for Ideal Property Group’s comprehensive strength and professional capabilities but also serves as a significant affirmation of the excellent quality of Queens Residences Q1.

“Ideal Property Group adheres to the spirit of innovation, committed to creating practical and inspiring living spaces with added value potential. Through sustainable development concepts and relentless pursuit of excellence, we aim to create a sustainable residence that inspires residents and provides extraordinary living experience.”

Being the first phase development of the comprehensive Queens Waterfront master plan in Penang, Q1 offers unique living spaces with a charming nautical-themed design, over 20 exclusive leisure facilities, a resort-style environment, and mesmerizing views of the Malacca Strait. Residents can enjoy stunning ocean views at all times, experiencing the tranquillity of nature amidst the bustling city.

Q1 is built according to green building standards, incorporating sustainability elements in its design and planning. The project features spacious walkways, green landscapes, and convenient pathways. It adopts rainwater harvesting systems, centralized water filtration systems, and low-flow water fittings to minimize environmental impact and promote resource conservation. Additionally, the project includes green wall, herb garden, bicycle paths, bicycle docking stations, and electric vehicle charging stations, fostering a low- carbon, green lifestyle.cc

The Queens Waterfront master plan includes four phases: Q1, Q2, Q3, and Q4. The final phase, Q4, is a mixed-use development featuring hotels, office buildings, branded residences, and super condominiums. A series of public facilities such as a comprehensive sports center with a Fina standard aquatic center, a sports arena, and a recreation field, a 1- kilometer seafront promenade, alfresco dining, and a marina are also included in the master plan. The adjacent community benefits from well-developed public infrastructure and excellent connectivity.

Therefore, Q1 benefits from the surrounding comprehensive infrastructure. These rich amenities of high quality not only enhance the living standards of community residents but also create a unique and exclusive lifestyle. This makes Q1 a preferred choice for homebuyers and investors, highlighting its high investment value and extraordinary lifestyle.

Tan Sri Datuk Ooi Kee Liang, Executive Chairman of Ideal Property Group, further elaborated, “Our goal with the Queens Waterfront project, especially with the Q3 and Q4 phases, is to uplift the overall community quality in Penang. By integrating comprehensive- use properties, we are setting new benchmarks for mixed-use developments, creating spaces that meet international standards and enrich the lives of our residents.”

Jesselton Courtyard, an upscale residential development project by Berjaya Land Development Sdn. Bhd., located in the Penang Turf Club area. Situated along Persiaran Jesselton Selatan, it is only a 5-minute drive from Youth Park and the Botanical Garden and is close to various local amenities. The development is surrounded by affluent neighborhoods such as Western Gardens, Jesselton Heights, and Pulau Tikus.

This luxury landed development features 32 four-storey zero-lot bungalows ranging from 6,649 to 9,054 square feet and 207 five-storey courtyard villas ranging from 2,734 to 5,167 square feet, with prices around RM1,000 per square foot.

The courtyard villas include 4+1 bedrooms, 5 bathrooms, and parking for 4 cars, with indicative prices starting from RM2,870,000. The bungalows offer 6+1 bedrooms, 7 bathrooms, and parking for 6 cars, with indicative prices starting from RM6,476,400. The gross development value (GDV) of the entire project is RM862.7 million.

Project Name : Jesselton Courtyard @ Jesselton Selatan
Location : Penang Turf Club
Property Type : Residential (Gated & Guarded)
Tenure : Freehold
Built-up Size: 2,734 sq.ft. – 5,167 sq.ft. (villa), 6,649 sq.ft. – 9,054 sq.ft. (bungalow)
Total Units : 207 (villa), 32 (bungalow)
Indicative Price: RM2.87mil onwards (villa), RM6.48mil onwards (bungalow)
Developer : Berjaya Land 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.

Source; Buletin Mutiara

Penang has embarked on an ambitious five-year climate adaptation project to mitigate flash floods in the Bayan Baru area. The initiative, titled “Penang Nature-Based Climate Adaptation Programme” (PNBCap), was announced by Zairil Khir Johari, Chairman of the Penang Infrastructure and Transport Committee, and is a collaborative effort between UN-Habitat and Think City. The project, which began in 2023 and is set to conclude in 2027, involves a substantial investment of RM 9.2 million and is being executed by the Penang Department of Irrigation and Drainage (JPS).

The PNBCap initiative encompasses three major projects. The first is the restoration and beautification of the Sungai Keluang river corridor, transforming it into a “Blue-Green Corridor.” This project aims to create a harmonious blend of natural beauty and effective water management. The second project is the construction of Penang’s first nature-based retention pond at Lintang Nibong neighborhood football field. Unlike traditional concrete structures, this advanced retention pond is designed to efficiently collect and manage rainwater, featuring underground infiltration systems and water storage components. The third project involves the installation of permeation devices and storage systems beneath the retention pond to enhance water management capabilities.

Zairil highlighted that the JPS had conducted a public consultation on May 11, where over 60 community members provided positive feedback. The Bayan Baru area, a rapidly developing township, has been identified as a flood-prone zone, experiencing 16 floods from 2016 to 2024. The existing drainage system is outdated and unable to cope with heavy rainfall, necessitating urgent upgrades. Local MP Sim Tze Tzin has been actively advocating for government intervention to address these recurring flood issues.

Penang is the first state to receive UN-Habitat funding for enhancing climate resilience. The Sungai Keluang corridor, stretching 400 meters, will feature natural enhancements such as rain gardens, bioretention swales, green roofs, children’s playgrounds, viewing platforms, boardwalks, sports areas, parking lots, pergolas, fishing platforms, camping zones, and urban farms.

Zairil expressed hope that this pioneering project will serve as a model for other states and cities in combating climate change. The launch event was attended by UN-Habitat Project Manager Kwan Sook Cheng and JPS Director Nazri.

Source: The Star

Four years have passed since the RM1 billion Jelutong landfill rehabilitation and development project was announced, but progress remains elusive. Penang local government, town and country planning committee chairman, H’ng Mooi Lye, stated during the recent state assembly meeting that all necessary approvals are expected only by the third quarter of this year.

The project, helmed by PLB Engineering Bhd, aims to transform the landfill into a mixed development site post-rehabilitation. H’ng explained that the Social Impact Assessment (SIA) has been approved, and the Fisheries Impact Assessment (FIA) has received the required comments. The Environmental Impact Assessment (EIA) is currently under review by the Environment Department.

Ong Ah Teong (PH-Batu Lancang) raised a query about the project’s progress and whether there were plans for an integrated solid waste management center on the island. H’ng responded that there are no current plans for such a facility. He highlighted the delayed Phase 3 of the Pulau Burung Landfill Site, which was intended to incorporate waste-to-energy and zero-waste technology. This delay is due to ongoing negotiations with the Federal Government regarding the adoption of the Solid Waste and Public Cleansing Management Act 2007 (Act 672) in Penang. The outcome of these negotiations will shape the future of integrated waste management facilities in the state.

Deputy Chief Minister II, Jagdeep Singh Deo, emphasized the need to move beyond traditional landfills. He advocated for exploring advanced technologies for waste disposal, reflecting the state’s shift towards more sustainable waste management practices. Jagdeep Singh, who previously held H’ng’s position, underscored the importance of considering modern alternatives to landfill waste disposal.

In June of the previous year, The Star reported that PLB Engineering Bhd had entered a joint development agreement with the Penang government in 2020 to undertake the Jelutong landfill project. Despite this, a state government source indicated that the project had not progressed beyond the planning stages. The landfill, located on the Tun Dr Lim Chong Eu Expressway and just 3km from the city’s heritage enclave, is considered a prime development opportunity due to its extensive undeveloped land in downtown Penang.

The rehabilitation of the landfill is a massive endeavor, requiring extensive excavation, shore realignment, and land re-engineering. Once completed, it is expected to generate significant economic returns, with estimates suggesting billions of ringgit in gross development value.

The Jelutong landfill has been a repository for construction debris and garden waste since 2002, transitioning from its former role as a sanitary landfill. The anticipated redevelopment holds promise for economic growth and urban rejuvenation, but for now, tangible progress remains on the horizon.

Source: Google Street View

Fajarbaru Builder Group Bhd has announced an expansion of its joint venture with Avionics Pty Ltd (APL) in the redevelopment of military facilities at the Royal Malaysian Air Force (RMAF) Base Butterworth in Penang. The Australian Department of Defence has awarded an additional RM39 million contract for this project, as part of an amendment to the existing head contract and minor works contract.

Fajarbaru’s portion of the new contract value is RM15.71 million. Initially, on July 10, 2023, the joint venture partners Fajarbaru Builder Sdn Bhd (FBSB) and APL received the Head Contract (International) Two Phase from the Australian Department of Defence for the redevelopment project. Fajarbaru’s initial portion of the contract for the planning phase was valued at RM7.36 million, which was later revised to RM12.30 million on January 11, 2024, to accommodate additional works.

Further, on March 15, 2024, Fajarbaru secured a minor works contract (International) from the Australian Department of Defence, with its portion worth RM11.04 million. Following the latest announcement, the total value of Fajarbaru’s contracts for this project has increased to RM39.05 million as of May 28, 2024.

The amended contract also extends the planning phase duration from April 30, 2024, to September 9, 2024. The completion date for the minor works contract has been pushed from November 21, 2024, to March 28, 2025.

“We are pleased to announce that Fajarbaru has secured an additional contract sum as part of our project to redevelop facilities at RMAF Base Butterworth in Penang. This development is a testament to the confidence the Australian Department of Defence has placed in our ability to deliver exceptional results and unlocks future opportunities in the defence sector,” said Fajarbaru’s group executive chairman Tan Sri Chan Kong Choy.

Fajarbaru’s share price remained unchanged at 45 sen per share, giving the company a market capitalisation of RM335.1 million. This expansion underscores Fajarbaru’s capabilities in critical infrastructure and construction projects, bolstering its position in the defence sector.