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Can Penang LRT project withstand political shifts?

Property News/ 14 December 2024 No comments

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A transport consultant has questioned whether the upcoming LRT project in Penang is robust enough to withstand political shifts given the country’s track record with rail projects in the past.

Wan Agyl Wan Hassan, the founder of transport think tank My Mobility Vision, said that while the government is often bound by legal obligations in awarded contracts, history has shown a tendency to take such commitments lightly.

“Malaysia’s track record with infrastructure projects shows that legal commitments alone are not always enough to guarantee continuity,” he told FMT, pointing to the High-Speed Rail (HSR) and East Coast Rail Link (ECRL) as examples of projects that were either shelved or renegotiated after binding contracts were sealed.

The HSR, which was expected to cut down travel time between Kuala Lumpur and Singapore to just 90 minutes, was cancelled when Perikatan Nasional came to power in 2020.

Two years earlier, the Pakatan Harapan government halted the ECRL project after it took office following the 2018 general election despite construction having commenced the previous year. Work resumed in 2019, with the cost subsequently reduced by RM11 billion following multiple contract renegotiations.

Similarly, Wan Agyl said the suggestion that a project was safe if it was in an advanced stage of development was debatable, pointing out that infrastructure projects like the MRT3 and HSR had achieved significant progress when they were brought to a halt.

“The key issue here isn’t how far along the project is but whether the process so far has been handled efficiently and transparently. Without strong governance, even advanced projects can face setbacks if priorities change.”

Wan Agyl was commenting on an assurance given by economy minister Rafizi Ramli that the upcoming Penang LRT project is unlikely to be cancelled even if a new government comes into power.

Rafizi said the project is moving towards the stage where contracts will be awarded, making it too costly to scrap.

Wan Agyl said that while political stability would ensure a project’s continuity, Malaysia’s political landscape has become “unpredictable”. He said frequent changes to the ruling coalition and leadership in recent years has impacted a number of major projects.

“Does the Penang LRT have bipartisan support to protect it from future political interference? Without this, even the most promising projects can become targets for political opposition.”

Wan Agyl called for a critical examination of the potential consequences of cancelling the LRT project in Penang.

Beyond job losses and reduced investor confidence, the impact on urban development and environmental goals could be significant, he said, adding that Penang’s sustainability efforts may falter.

“These are real risks that need to be addressed with data and transparency rather than assumptions.”

However, Consilz Tan, a fellow with think tank Center for Market Education, believes the Penang LRT project is better insulated due to the fact that it is within the state government’s control.

Tan said a new government would be unlikely to shelve the project due to the costs involved. It was previously reported that the project would cost over RM10.5 billion.

“I hope political sentiments won’t lead to the project being called off,” she said, adding that infrastructure and transportation were important in raising living standards and attracting investments.

Source: Free Malaysia Today

Parking fee increase in Seberang Perai starts January 2025

Property News/ 13 December 2024 No comments /中文版

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Seberang Perai motorists will face higher parking charges beginning 1 Jan 2025, following the Seberang Perai City Council’s (MBSP) announcement of a 100% increase in parking fees.

Under the revised rates, hourly parking will cost RM0.80, up from RM0.40, while daily rates will increase from RM3 to RM6. Monthly parking passes will also see a hike, rising from RM75 to RM150. A new short-term option of RM0.40 for 30-minute parking will be introduced. However, the RM200 monthly fee for designated business premises parking spaces will remain unchanged.

MBSP Mayor Datuk Baderul Amin Abdul Hamid highlighted that this adjustment was overdue, as the previous rates had remained unchanged for 29 years. He emphasized the need for the increase to support infrastructure development and foster sustainable growth in Seberang Perai.

Currently, the city boasts 22,000 parking spaces equipped with battery sensors under the Penang Smart Parking (PSP) system, along with 2,000 monitored by camera sensors.

“This adjustment aligns with our vision of making Seberang Perai a livable and inclusive city,” Baderul said during a press conference in Bukit Mertajam.

For further inquiries, residents can contact MBSP’s Parking Management Department at 04-5402581.

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SITE PROGRESS: G’Vinton (Dec 2024)

Property News/ 13 December 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 Nov 2024

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Setia Suria

Kepala Batas/ 12 December 2024 No comments

Setia Suria, the latest terraced homes at Setia Fontaines township development in Kepala Batas. The township features key amenities such as a 63-acre lake and the 37-acre Penang Heritage Park. Earlier phases, including the City Centre Business Hub and NusaCinta, are fully sold, with Amansara North sub-phases seeing strong demand. The township is connected by the Setia Fontaines Link Road and Ring Road, with nearby schools, commercial areas, and facilities like Penang Golf Resort and MPSP Sports Complex.

The latest 49.55-acre Setia Suria comprises 333 single-storey terraced homes with built-ups ranging from 1,189 to 1,221 sq ft. Each unit will have three bedrooms and two bathrooms, with indicative prices starting from RM430,000. The project will be divided into two sub-phases and scheduled for completion by December 2026.

Project Name : Setia Suria
Location : Kepala Batas, Penang
Property Type : Residential
Land Tenure: Freehold
Total Units: 333
Built-up Size:  1,189 – 1,221 sq ft
Indicative Price: RM430,000
Developer : Setia Fontaines Sdn. Bhd.

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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.

Silicon Island’s LRT depot land on track for 2025 completion

Property News/ 11 December 2024 No comments /中文版

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The development of Penang’s Silicon Island, a 2,300-acre reclaimed land project, continues to progress on schedule, with key milestones in place to transform it into a high-value economic hub.

The depot land for the Penang Light Rail Transit (LRT) Mutiara Line, located on the island, is set to be handed over to Mass Rapid Transit Corporation (MRT Corp) by the end of 2025. Penang Infrastructure Corporation Sdn Bhd (PICSB) CEO Datuk Seri Farizan Darus revealed during a media site visit that 70 acres have already been reclaimed, with six acres prepared for the depot. Farizan noted that reclamation will accelerate, with 300 to 400 acres targeted annually from 2025.

To support construction activities, a temporary bridge connecting Silicon Island to Penang Island will be operational by March 2025. The permanent four-lane bridge is set to open in phases, with two-way traffic available by mid-2027 and full completion by late 2028.

Silicon Island’s infrastructure employs advanced construction techniques, including prefabricated vertical drains (PVDs) for soil stabilisation and a temporary steel bridge. These innovations align with the state government’s commitment to sustainable urban development and green mobility.

Economic potential and industrial growth

Silicon Island is poised to become a cornerstone of Penang’s economy. CEO of Silicon Island Development Sdn Bhd, Datuk Szeto Wai Loong, highlighted its potential to generate 220,000 jobs across direct, indirect, and induced categories.

The Green Tech Park, spanning the first 100 acres, will be ready for industrial development by the first quarter of 2026, focusing on high-value sectors such as semiconductors, medical technology, industrial automation, R&D, and artificial intelligence. Construction of manufacturing facilities is expected to begin shortly thereafter, with operations starting by mid-2027.

Support for local communities

Inclusivity remains a priority, as evidenced by the state government’s support for local fisherfolk. Of the 877 fishermen registered under the Social Impact Management Plan (SIMP), 722 have received full ex-gratia payments. Additionally, 77 fishermen have been provided with new boats and engines, with further support planned for other communities.

Silicon Island’s development not only symbolizes Penang’s ambition to lead in technology and innovation but also reflects a vision of sustainable growth and environmental stewardship. With strategic planning and community-focused initiatives, this transformative project is set to redefine Penang’s future and its role in the region.

Image source: Buletin Mutiara