SP Setia Bhd, a leading pioneer in property development in Malaysia, has expressed its interest in collaborating with the Penang government to drive sustainability initiatives while seeking support for the implementation of its proposed industrial-based business park in Setia Fontaines on the mainland.

The company is currently in the process of converting 310 acres out of the 1,691-acre Setia Fontaines development for industrial use and is exploring a potential joint venture to advance this project.

SP Setia chief executive officer Datuk Choong Kai Wai, during a courtesy call with Chief Minister Chow Kon Yeow, highlighted that the proposed development seeks to balance the needs of industry while promoting a sustainable future for Penang.

“Setia Fontaines, located in Kepala Batas, is designed to enhance Penang’s urban landscape and boost its economic potential.

“This world-class development reflects a shared vision to raise living standards and create business opportunities in Penang, further cementing the state’s status as a progressive and dynamic hub,” Choong stated during the meeting at Komtar today.

Chow urged SP Setia to expedite its efforts to secure approval from the Seberang Perai City Council (MBSP) to ensure the proposed project is included in the 2030 Seberang Perai Local Plan (DRTSP2030) draft, which is expected to be gazetted next year.

Source: Buletin Mutiara

About GEM Residences

GEM Residences, a commercial development by Belleview Group at Prai, Penang. It is part of the company’s 6 hectares mixed development along Jalan Baru, diagonally opposite Megamall Penang. Next to it will be the upcoming largest mall in the northern region – GEM Mall, the tenant mix include SOGO (first and largest departmental store in the northen region at 212,000 sq.ft.) and a supermarket (largest at 50,000 sq.ft.).

Find out more about GEM Residences

Proposed affordable housing development in Batu Maung spans 2.76 acres off Jalan Kekabu 5, just a short distance from Sunway Cassia. Ideally situated, it is less than 5 km from the Penang Second Bridge and approximately a 10-minute drive from Penang International Airport.

The proposed development consists of a 28-story building with a strata title. The lower levels feature a 6-story podium, which includes parking facilities on the first five floors and community amenities on the sixth floor. Above this, there are 22 floors dedicated to affordable housing, offering a total of 484 units from levels 8 to 28, with additional community facilities located on the seventh floor.

The project is still pending for approval. More details will be available upon official launch.

Project Name : (to be confirmed)
Location : Batu Maung
Property Type :Affordable housing
Tenure: (to be confirmed)
Land Area: 2.76 acres
Built-up Size: (to be confirmed)
Total Units : 484
Indicative Price : RM300,000 (Affordable housing price guide)
Developer : (Follow us to find out more in the future)

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.

Come and meet PDC Properties at ‘PDCP Customer Day 5.0’ to learn more about their latest and upcoming projects! Don’t miss out on the exclusive promotions for Cassia Cempaka Freesia 2 homes:

• ✔️ FREEHOLD
• ✔️ 1KM to Stadium Batu Kawan
• ✔️ 3.7KM to Design Village Batu Kawan
• ✔️ 5KM to IKEA Batu Kawan
• ✔️ 6KM to North-South Expressway & Penang 2nd Bridge

Enjoy FREE COFFEE & ICE-CREEM while chatting. See you there!

📅 Date: 16th November 2024 (Saturday)
⏰ Time: 10:00 AM – 3:00 PM
📍 Venue: PDC Sales Gallery, Batu Kawan

☎️ For more information, contact: 04-240 1999.

About Vivo Executive Apartment

A serviced apartment within Aspen Vision City township development at Batu Kawan. It is strategically located next to the upcoming Integrated Shopping Mall, walking distance to the Central Island Park. The units will be built complete with communal co-sharing working space and a social kitchen to support the modern lifestyle of young working adults.

*Photo taken Oct 2024

Find out more about Vivo Executive Apartment