Iconic Worldwide unveils its latest affordable housing project, Iconic Harmony, with a gross development value of RM 255 million, redefining the concept of affordable luxury housing.

Located in Alma, Bukit Mertajam, Iconic Harmony epitomizes luxurious yet affordable housing, offering over 30 facilities including infinity pools, children’s water playgrounds, half basketball courts, jacuzzis, lush greenery, leisure areas, state-of-the-art gyms, and community centers. The commercial units below provide prime spots for burgeoning businesses while enhancing residents’ convenience and accessibility.

Comprising 751 freehold affordable homes and 16 duplex commercial units, Iconic Harmony stands tall as a modern 36-storey architectural marvel. Each residential unit spans 900sq.ft, boasting three bedrooms and two bathrooms. Strategically situated at the crossroads of Jalan Rozhan and Jalan Alma, the project enjoys proximity to eateries, banks, wet markets, schools, Penang General Hospital Bukit Mertajam, and major supermarkets such as AEON MALL and LOTUS’S.

Part of Iconic Group’s property investment portfolio, Iconic Harmony joins other iconic developments like Iconic Point and the soon-to-open five-star Iconic Marjorie Hotel, a part of Marriott International’s Tribute portfolio.

Dato’ Seri Tan Kean Tet, Executive Chairman of Iconic Worldwide, expresses pride in the launch of Iconic Harmony’s sales gallery and show units, underscoring the project’s alignment with their commitment to quality, affordability, and timely delivery.

“Iconic Harmony offers an array of facilities and amenities meticulously designed to foster interaction and community spirit among residents,” he states. “We believe Iconic Harmony will set a new standard in its price range, redefining the concept of affordable luxury housing.”

To commemorate the launch of the show units and sales gallery, Iconic Maison hosted a two-day event at their sales gallery on Jalan Rozhan and Taman Alma Jaya. Prospective homebuyers and their families were treated to a range of activities including buffet meals, animal feeding sessions, leisure activities, and lion dance performances.

Iconic Harmony signifies not just a housing project, but a lifestyle upgrade, promising unparalleled value propositions for those seeking to establish a home or invest in a dynamic living space.

The upcoming commercial suites, currently referred to as Stark Tower, are part of an integrated development situated within the vicinity of The Light City. Undertaken by Stark Development Sdn. Bhd., this project is positioned adjacent to the Lin Xiang Xiong Art Gallery, which is currently under construction. It is just a stone’s throw away from the upcoming Penang Waterfront Convention Center (PWCC), less than 5 minutes drive to Penang Bridge.

This development comprises a commercial tower exceeding 30 storeys (to be confirmed), offering fully furnished commercial suites with built-up sizes ranging from 425 sq.ft. onwards. It will boast seven distinct elements, including STARK Lounge, STARK Yacht On The Sea, STARK Waterfront Retail, STARK Green Commercial Car Park, STARK LED, STARK X-Perience Club, and STARK On The Sky.

Project Name : Stark Tower @ The Light City (to be confirmed)
Location : Gelugor
Property Type : Commercial suites
Built-up Size: 425 sq.ft. onwards
Tenure: Freehold
Total Units : (to be confirmed)
Indicative Price : RM600,000 onwards
Developer : Stark 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.

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.

Find out more about Vivo Executive Apartment

Over the past decade, Batu Kawan has transformed from a quiet township into a bustling center of industrial growth, offering abundant opportunities for commercial and developmental ventures. Chief Minister Chow Kon Yeow, speaking at the inauguration of the A-Park@Batu Kawan Sales Gallery, emphasized the significant strides made by the township.

The A-Park @ Batu Kawan, according to Chow, represents more than just physical space; it embodies a commitment to progress and sustainability. With the opening of the second bridge, connectivity in the area has been greatly enhanced, further fueling economic potential and attracting investments.

Chow expressed gratitude to various state and Federal agencies for their collaborative efforts in bringing investments to Penang. He particularly highlighted the approvals for the Penang International Airport’s expansion plan and the LRT project as crucial steps towards enhancing infrastructure and economic growth.

The Chief Minister also extended appreciation to Prime Minister Datuk Seri Anwar Ibrahim for his support during the unveiling of Batu Kawan Industrial Park 3, underscoring Penang’s significant contributions to the nation’s economic prosperity.

With optimism for the future, Chow discussed the development of A-Park@Batu Kawan, which offers 50 Light Industrial Factory units to foster collaboration among businesses, enhancing synergy and growth opportunities.

Moreover, a memorandum signing ceremony between Ancubic Group and the ESG Association of Malaysia marked a commitment to sustainable practices and growth in the region, further highlighting Batu Kawan’s evolution as a dynamic economic hub.

With ample land available to accommodate foreign direct investments for the next five years, Batu Kawan continues to emerge as a beacon of economic vitality. Its journey reflects resilience and determination, showcasing Penang’s potential for growth and prosperity in the years to come.

The Ministry of Housing and Local Government (KPKT) is coming up with a new model of public housing named the Program Residensi Rakyat (PRR), said its minister Nga Kor Ming.

He said the PRR would be well-integrated, sustainable and liveable, accommodating quality commercial viability, green spaces, community centre and other features.

The construction cost of each PRR unit, he said, would also be increased to RM300,000, offering the low-income group quality homes with a piecemeal price.

Under the new PRR, a unit costing RM300,000 would be selling at RM60,000. Out of the RM60,000, about RM10,000 to RM15,000 will be set aside for maintenance and sinking funds.

“There will also be a moratorium whereby in 10 years, you cannot sell the PRR unit, as we do not want irresponsible parties to take advantage of our social housing because this is a privilege for you to be afforded a heavy subsidy,“ he told Bernama and The Edge at the Asia Real Estate Leader’s (AREL) Study Tour Hong Kong and Shenzhen, China Edition.

The study tour was initiated by Rehda Institute, the research and training arm of the Real Estate and Housing Developers’ Association (Rehda) Malaysia, with over 50 delegates visiting many unique sites, covering urban redevelopment and public housing policies and strata laws.

The delegates consisted of various stakeholders including architects, surveyors, valuers, researchers, developers, town planners, lawyers, bankers and government authorities.

The minimum size for the PRR would be 750 square feet (sq ft) with three bedrooms and two bathrooms.

Nga said KPKT would also emphasise connectivity through transit-oriented development (TOD), which is expected to reduce the number of vehicles and car park lots.

The PPR will also be integrated with green buildings, making it 30 per cent less in energy cost compared with standard buildings.

“We are hoping to get an extra budget. Compared with Singapore’s HDB which has an annual budget of 30 billion Singapore dollars, Malaysia’s PPR (Program Perumahan Rakyat) only gets RM550 million, which is too small.

Meanwhile, Nga also called upon developers especially active members of Rehda and financial institutions to help the government to develop the many ageing buildings in the country especially those that are categorised as unsafe.

He added that the common engineering standard benchmark for a building’s lifespan is 70 years on average.

However, Nga said the situation is still challenging as currently, the consent threshold needs 100 per cent consent.

“Therefore KPKT is proposing a consent threshold between 75 per cent to 80 per cent, depending on the age of the building, and subject to further discussion,“ said the minister adding that the Act also proposed to cover abandoned projects with 51 per cent consent threshold.

Nga also stressed that while opportunities would be plenty for property developers to explore in the urban redevelopment effort, owners of existing property would be compensated fairly subject to valuation assessment.

Besides, the setting up of the urban renewal authority and land tribunal are also in the pipeline to be parked under KPKT, he said.

“This will be a fair and balanced legislation. While we are pushing for development, we shall also protect houseowners.

“This is the MADANI government, we will ensure a fair solution for both sides (owners and developers),“ he added.

Source: Bernama