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RM28,888 rebate awaits you at Cassia Cempaka in Batu Kawan

Events & Promotions/ 21 January 2025 No comments

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Looking for the perfect home? Now’s your chance with an exclusive rebate of RM28,888 for a limited time only! Don’t miss this golden opportunity to secure a brand-new home in one of the most sought-after locations. Whether you’re upgrading or buying your first home, this is your moment to make your dream a reality.

Hurry! This special promotion is only valid until 21 Feb 2025. To learn more, join PDC Properties at the CNY Open House at the PDC Gallery, Batu Kawan, on 29 & 30 January 2025 from 10:00am to 4:00pm. PDC Properties will guide you through this exciting journey and ensure you don’t miss out on this exclusive offer.

Take the first step towards owning your dream home today! 🌟

For further details, please contact PDC Properties at 04-240 1999

Register your interest here

*By submitting this Form, you hereby agree to our PDPA Consent Clause.
(This information may be used by the developer or their appointed agent to initiate follow-up communications with you on the project.)

Landmark agreement signed for Penang Medi-City development

Property News/ 21 January 2025 1 comment /中文版
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Artist impression

In a major boost to Penang’s economic and healthcare landscape, Fajarbaru Builder Group Bhd (FBG) and the Penang Development Corporation (PDC) have signed a Master Purchase and Development Agreement (Master PDA) to create the groundbreaking Penang Medi-City in Batu Kawan. This transformative project aims to establish a medical and commercial hub that will attract global attention and investment.

Transforming Batu Kawan with Medi-City

Spanning 235.81 acres in Bandar Cassia, Penang Medi-City will be developed in phases, with the first phase covering 51.17 acres. This initial stage will prioritize a state-of-the-art urban enclave that seamlessly integrates healthcare, residential, retail, and commercial components. It is expected to contribute RM2 billion to Penang’s gross domestic product (GDP) upon completion.

FBG Group Executive Chairman Tan Sri Chan Kong Choy highlighted the project’s extensive economic and social benefits. “The development is expected to generate tens of thousands of jobs across construction, healthcare, retail, and more,” he stated. “Medi-City will position Penang as a competitive, forward-thinking hub, attracting businesses and residents from across Malaysia and beyond.”

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Chief Minister Chow Kon Yeow echoed this sentiment, emphasizing Medi-City’s potential to enhance Penang’s economic resilience and global competitiveness. He also noted the synergy between Batu Kawan’s industrial zone and the Medi-City ecosystem, envisioning significant collaboration opportunities.

Phase 1: Healthcare and beyond

The first phase of Penang Medi-City will feature a 200-bed specialist hospital occupying 30% of the development area. The remaining land will accommodate residential, commercial, and infrastructure projects, creating a balanced and vibrant ecosystem for both local and international communities. This phase underscores the state’s commitment to becoming an international medical hub equipped with comprehensive healthcare solutions and modern facilities.

Strategic partnerships and long-term vision

FBG and PDC have secured the support of key strategic partners, including Pelaburan Hartanah Berhad (PHB), Cellaax Therapy, KJTS Group Berhad, and Solarvest Energy Sdn Bhd. These collaborations reflect the confidence in Medi-City’s potential and its capacity to drive economic and healthcare innovation.

With three development phases planned, Penang Medi-City will eventually house four private hospitals alongside an extensive range of residential and commercial facilities. While details of the remaining 184.64 acres have yet to be unveiled, the project’s overarching vision is clear: fostering unity, building community, and driving innovation.

“Penang Medi-City is not just about healthcare,” Chan emphasized. “It’s about creating an inclusive environment that promotes growth and strengthens Penang’s position as a leading hub for medical excellence.”

The signing ceremony at the Eastern and Oriental Hotel in George Town was witnessed by distinguished guests, including Yang di-Pertua Negeri Tun Ahmad Fuzi Abdul Razak and Chief Minister Chow Kon Yeow, signaling strong governmental support for this ambitious initiative.

Tesla Light Show illuminates Penang’s Pekaka Place, welcoming the Year of Snake with full of ONG

Property News, Video Posts/ 20 January 2025 1 comment

Pekaka Place in Penang Island came alive with a spectacular Tesla Light Show on Saturday, delivering an electrifying performance that left the audience in awe. The event showcased a dazzling choreography of lights synchronized to music, performed by a fleet of over 40 Tesla cars.

Starting at 9:30 PM, the light show drew a crowd of enthusiasts and onlookers who were captivated by the innovative display. This unique event highlights the growing Tesla community in Penang and their passion for pushing the boundaries of technology and entertainment.

The light show lasted about 30 minutes. Watch the video above for a glimpse of this mesmerizing performance.

PPR Taman Manggis to implement gated and guarded scheme

Property News/ 20 January 2025 No comments

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Starting 1 Feb, the People’s Housing Project (PPR) at Taman Manggis in George Town will become the first PPR in Penang to adopt a gated and guarded scheme. The move, aimed at addressing maintenance fee issues, was announced by State Housing and Environment Committee chairman Datuk Seri Sundarajoo Somu during a visit to the site.

Sundarajoo urged residents to pay their maintenance fees promptly, emphasizing that failure to do so could result in restricted access to their units, including limited use of lifts and entry to the compound.

“This initiative aligns with the Housing and Local Government Ministry’s efforts to tackle maintenance arrears. Timely payments will enable beneficial neighborhood improvements and enhance the units’ market value,” he said.

Sundarajoo also reiterated the need for PPR occupants to vacate their units once their household income improves after three years. Residents earning above RM1,500 can transition to the rent-to-own (RTO) scheme, allowing the state to prioritize those in need. However, exceptions may be considered for valid reasons.

Additionally, Sundarajoo highlighted that Penang’s affordable housing program has been rebranded as Rumah Mutiaraku, reflecting the state’s commitment to housing initiatives.

Penang poised to lead as ASEAN’s economic gateway

Property News/ 18 January 2025 No comments
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Penang’s strategic location, robust economic ecosystem, and ambitious infrastructure developments position it as a rising financial hub and key player in the ASEAN region. At the recent ASEAN Business Advisory Council (ASEAN-BAC) Malaysia Chairmanship 2025 launch, Penang Chief Minister Chow Kon Yeow highlighted the state’s strengths in logistics, trade, and manufacturing, underlining its potential to spearhead regional integration.

As ASEAN-BAC assumes a pivotal role in fostering economic collaboration, Penang’s established maritime and air connectivity bolsters its reputation as a northern gateway to the Straits of Malacca and the South China Sea. These critical sea lanes facilitate seamless trade and investment across ASEAN, contributing to Malaysia’s position as a hub for diverse shipping activities.

Penang’s trade with ASEAN has tripled over the past decade, reaching USD14.7 billion in 2023. The state’s electronics and electrical (E&E) manufacturing sector, with over 400 multinational corporations and thousands of startups, drives this economic dynamism. Penang’s contributions to Malaysia’s semiconductor industry, accounting for 13% of global chip assembly and testing, align with the country’s National Semiconductor Strategy and the New Industrial Master Plan 2030.

In addition to its industrial prowess, Penang is expanding its international airport to cater to the surging air travel demand within ASEAN, projected to reach 653 million passengers annually by 2030. These advancements will enhance connectivity, ease travel, and support regional economic integration.

As Malaysia prepares to chair ASEAN-BAC in 2025, the council’s theme, “Unifying Markets for Shared Prosperity,” reflects a commitment to integration, sustainability, and inclusivity. Penang is primed to host initiatives aligning with these goals, including the potential establishment of a financial center. This hub could attract investments to sectors like technology, tourism, and education, further cementing Penang’s role as a regional economic leader.

With its dynamic economy, strategic initiatives, and unwavering commitment to fostering growth, Penang stands ready to drive ASEAN’s shared prosperity while securing its place as a premier gateway to regional and global markets.

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