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SITE PROGRESS: Vivo Executive Apartment (Nov 2024)

Property News/ 13 November 2024 No comments

Vivo Executive Apartment

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

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Dexcom opens high-tech facility in Batu Kawan

Property News/ 12 November 2024 No comments

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Dexcom Malaysia Sdn. Bhd., a global leader in continuous glucose monitoring (CGM) technology for diabetes management, has officially opened a state-of-the-art facility in Batu Kawan Industrial Park (BKIP). Spanning 28 acres and covering approximately 887,510 square feet, the new facility marks a significant investment by Dexcom in Malaysia and represents a major boost to the nation’s medical technology industry.

The inauguration ceremony was attended by notable officials, including the Chief Minister of Penang, YAB Tuan Chow Kon Yeow, along with key figures from the Penang Development Corporation, Invest Penang, the Ministry of International Trade and Industry (MITI), the Malaysian Investment Development Authority (MIDA), and Dexcom’s senior leadership team. This gathering underscored the collaborative efforts between government entities and Dexcom in establishing Penang as a global MedTech hub.

Chief Minister Chow Kon Yeow emphasized Dexcom’s role in supporting Malaysia’s healthcare technology landscape, stating, “The establishment of this new facility highlights Dexcom’s continued commitment to take control of health through innovative continuous glucose monitoring systems. It also reaffirms Penang’s reputation as a global hub for advanced technological industries.” He further highlighted Penang’s standing as a center for MedTech excellence in Southeast Asia, noting that Penang’s infrastructure and ecosystem uniquely position it to meet the needs of medical device companies like Dexcom.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, underscored the broader economic benefits of Dexcom’s investment. “Dexcom’s establishment in Malaysia signifies a pivotal moment for our medical devices sector,” he said. The facility aligns with Malaysia’s New Industrial Master Plan 2030, promoting innovation, skill development, and a resilient supply chain. Datuk Sikh Shamsul explained that the project not only brings advanced manufacturing capabilities to Malaysia but also strengthens the local supplier ecosystem and fosters job creation.

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Dexcom Malaysia’s Managing Director and Vice President of Operations, Mr. Columba McGarvey, expressed pride in the facility’s opening. “Today’s ribbon cutting represents a meaningful step forward in our journey of innovation and impact,” he said, adding that the company is deeply committed to investing in both high-volume automation and local talent development.

Dexcom’s Chief Operating Officer, Mr. Jake Leach, reiterated the company’s mission, explaining, “Dexcom was founded 25 years ago with the mission to facilitate and improve the health of people with diabetes. Today, we have not only achieved this mission but also pioneered an industry that has transformed diabetes management.”

This new facility is strategically positioned to meet the rising demand for CGM technology across the Asia-Pacific region, further solidifying Dexcom’s commitment to quality, community engagement, and growth in Malaysia. As Dexcom’s regional base, the Batu Kawan facility is set to play a crucial role in Dexcom’s expansion, delivering cutting-edge diabetes management solutions while fostering innovation and skill development within Malaysia’s MedTech landscape.

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Rivanis Development: Revitalizing Kampung Manis with affordable housing and urban renewal

Property News/ 11 November 2024 No comments

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The “Rivanis” development project, a mixed-use venture spearheaded by Rivanis Ventures Sdn. Bhd., is set to transform the landscape of Kampung Manis in Perai, Penang. This project, recently formalized through a Memorandum of Agreement between the Railway Asset Corporation (RAC) and the Penang State Housing Board (LPNPP), aligns with Penang’s Vision 2030 initiative to enhance liveability and housing affordability for Penang residents.

Located on portions of Lot 286, Lot 65, and Lot 67, the Rivanis project will bring significant upgrades to Kampung Manis by incorporating both affordable housing and commercial spaces. The project name, a blend of “River” and “Manis” (a nod to the village’s name), symbolizes the integration of modern, dynamic living with respect for the community’s roots.

One of the core features of the development is the provision of free housing to eligible Kampung Manis residents. Under this arrangement, 177 units of Affordable Housing (Rumah Mampu Milik, RMM) will be allocated at no cost to residents, offering 850sq.ft. units valued at approximately RM400,000 each. This initiative allows residents to transition into modern, high-rise living without financial strain. The RMM units, comparable to Type C3 affordable housing in terms of quality, will be built in a 30-story apartment block. Upon completion of this block, existing homes in the area will be demolished to make way for the broader mixed-use development.

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Beyond residential units, the Rivanis project will incorporate a wide range of amenities and commercial elements to create a vibrant urban hub. Plans for the project include high-rise condominiums, commercial centers, drive-through outlets, and serviced apartments. These additions are anticipated to enhance the urban appeal of Perai, supporting a more modern and dynamic cityscape. The first phase of development will include 338 RMM units complete with community amenities such as a swimming pool, children’s playground, and gym, providing an enhanced lifestyle experience for residents.

Transport Minister Anthony Loke has expressed optimism about the project’s timeline, targeting completion within three years or before the next general election. The project’s gross development value (GDV) is estimated at RM1.5 billion, underscoring its scale and importance to the region. With the land contributed by RAC, Rivanis Ventures is positioned to successfully deliver this comprehensive development.

The Rivanis project marks a collaborative effort between state and federal authorities to uplift Penang’s housing sector while preserving community ties and supporting the state’s economic and urban growth goals.

Kampung Manis redevelopment set to transform community living

Property News/ 11 November 2024 No comments

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The Kampung Manis redevelopment project is set to reach a critical milestone with the signing of a Memorandum of Understanding (MoU) scheduled for November 11, formalizing collaboration between the Railway Asset Corporation (RAC) and the Penang Housing Board (LPNPP). This agreement will solidify efforts to revitalize the Kampung Manis area, addressing long-standing issues for residents and marking a step forward in Penang’s urban renewal initiatives.

The redevelopment project, announced by Penang Housing and Environment Committee chairman Datuk Seri Sundarajoo Somu, signifies a concerted effort to improve living conditions for the Kampung Manis community, as part of a larger revitalization plan within the Perai constituency. At the same event, a Head of Agreement (HoA) will also be signed between RAC and Rivanis Ventures Sdn Bhd to further support the redevelopment agenda. Sundarajoo highlighted that this project showcases the state government’s commitment to resolving ongoing challenges faced by local residents.

Chief Minister Chow Kon Yeow affirmed that the redevelopment would preserve the community’s continuity, ensuring that original residents are not displaced. Once completed, the area will feature improved housing and essential facilities, enhancing quality of life for Kampung Manis residents. Chow also underscored Penang’s ambition for urban progress, pointing to future projects like the Kampung Main Road redevelopment. This collective effort, involving collaboration from the Federal Government, local communities, and private sector, reflects a unified vision for Penang’s sustainable growth.

MBPP opens applications for 163 market and hawker stalls

Property News/ 9 November 2024 No comments /中文版

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The Penang Island City Council (MBPP) will open applications for 163 vacant stalls across 37 public markets, food courts, and temporary hawker sites starting today (November 9). MBPP’s Public Health and Licensing Committee Alternate Chairman, Tan Soo Siang, shared that the council previously allocated stalls for 63 tagged hawkers, delaying new applications for the past three months.

Tan explained that MBPP conducts regular enforcement, targeting about two illegal roadside stalls daily while working to relocate tagged hawkers to council-regulated sites. However, some hawkers are reluctant to relocate due to lack of preferred locations.

In a press conference on Friday, Tan noted that MBPP’s previous application and interview round in July saw 61 applicants, with 17 (28%) being approved. The current application period ends on November 19, and online interviews will take place on November 21. Tan encourages interested hawkers to apply and emphasized that applicants should ensure a stable internet connection, a quiet environment, and log in 10 minutes early for interviews. Professional attire is also required to show respect.

For more information, applicants can visit MBPP’s website at http://ulesen.mbpp.gov.my or contact MBPP Licensing at 04-2638818 (ext. 307/308/309/310).

Source: Buletin Mutiara

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