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Batu Kawan Industrial Park 3: A catalyst for regional economic growth

Property News/ 17 February 2024 No comments

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The development of Batu Kawan Industrial Park 3 (BKIP 3) in Bukit Tambun is poised to yield positive economic benefits not only to Penang but also to the northern region.

Chief Minister Chow Kon Yeow said this at the groundbreaking ceremony of the BKIP 3 in Bukit Tambun yesterday.

Prime Minister Datuk Seri Anwar Ibrahim officiated the event.

According to Chow, BKIP 3 is the tenth industrial park developed by Penang Development Corporation (PDC), at RM2.2 billion.

“This proves the state government’s commitment, through PDC, to providing more industrial parks to meet the demand from both foreign and domestic investors.

“With a nett area of 407 acres, BKIP 3 is expected to be fully completed in August, 2031.

“There are four phases in total, with the first phase scheduled to be completed in October 2025 encompassing 60 acres.

“Once fully operational, it can cater to industrial land demands, especially from multinational corporations (MNCs), large local companies (LLCs) and small-medium industries (SMIs).

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“After all, BKIP 3 will be our new industrial hub in the future and this initiative will bring greater development to Penang and the northern region as well,” he said.

Anwar added that the BKIP 3 project shows that Penang’s development is on the right track.

“Upon completion, it will open up more potential for Penang to continue to grow economically as a preferred investment destination for industry players, local and abroad.

“With the continuous cooperation and synergy between the state government and the Federal government, surely we will be able to achieve even more success that can benefit all the people in the state and country,” said Anwar.

Among the distinguished attendees at the BKIP 3 groundbreaking ceremony were Penang State Secretary Datuk Rosli Isa, Deputy Chief Minister I Prof Datuk Dr Mohamad Abdul Hamid, Deputy Chief Minister II Jagdeep Singh Deo, former Penang Chief Minister Lim Guan Eng, who is also the Bagan MP, Bukit Tambun assemblyman Goh Choon Aik and PDC chief executive officer Datuk Aziz Bakar.

Source: Buletin Mutiara

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Pre-qualification tender opened for BKIP2 (Phase 1) development

Property News/ 16 February 2024 No comments /中文版

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Penang Development Corporation (PDC) is calling for a request for proposal (RFP) to invite industry players to participate in the development of the Batu Kawan Industrial Park 2 (BKIP2) (Phase One).

Chief Minister Chow Kon Yeow said that the 559.64-acre parcel of land would undergo development through a ‘strategic partnership’ with PDC.

“The area in question does not involve any area owned by Sime Darby Plantation.

“This is the same parcel of land involved in the termination of a joint venture agreement by PDC with Umech Land Sdn Bhd, back in October last year (2023),” he told a media conference in Komtar yesterday.

PDC, in its statement on Oct 17 last year, announced the termination of a joint venture agreement with Umech Land Sdn Bhd for the development of BKIP2 (Phase One).

Chow said the pre-qualification tender for the RFP was advertised on Feb 8 this year.

“The relevant tender has been published in the main press and the PDC website. The advertisement period extends for six weeks, concluding on March 21 this year. The pre-qualification document is priced at RM1,000,” Chow added.

PDC chief executive officer Datuk Aziz Bakar said PDC would be directly involved in the development of BKIP2.

“PDC will ensure that the BKIP2 development plan meets the direction of the state government, including the selection of investors.

bkip-tender“Besides that, the corporation will also ensure that all development plans comply with the policies of the state government and local authorities, as well as other technical agencies.

“Thirdly, we will ensure the development of BKIP2 meets the set schedule,” he said.

Aziz emphasised that PDC remains steadfast in its commitment to fuelling the state’s economic growth, thereby generating job opportunities, fostering business prospects, and elevating the living standards of the people.

Meanwhile, Chow said PDC has, so far, developed nine industrial parks in Penang, totalling some 6,100 acres.

“These industrial parks are home to about 350 multinational and local corporations, as well as some 4,000 small and medium-sized enterprises (SMEs).

“PDC is now actively developing three more new industrial parks – the Bandar Cassia Technology Park (382 acres), Batu Kawan Industrial Park 3 (622 acres) and Penang Science Park South (174 acres).

“The development of the three industrial parks, initiated in 2022, is anticipated to reach full completion by the year 2031,” Chow said.

Also present at the media conference were Deputy Chief Minister II Jagdeep Singh Deo and Penang State Secretary Datuk Rosli Isa.

Source: Buletin Mutiara

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Orange Vista

Bukit Mertajam/ 15 February 2024 1 comment

Orange Vista, yet another freehold residential development by Tah Wah Group in Bukit Mertajam. It is strategically located along Jalan Song Ban Kheng, providing convenient access to well-established neighboring townships. Situated adjacent to Orange BM, also developed by Tah Wah, it is just a 5-minute drive from the North-South Expressway/Juru Interchange.

This development will feature a 26-storey condominium, offering a choice of 144 typical units and 4 duplex penthouses. The built-up sizes range from 1,055 sq.ft. to 1,604 sq.ft., providing three to four bedrooms.

Project Name : Orange Vista
Location : Bukit Mertajam
Property Type : Condominium
Tenure : Freehold
Built-up Size: 1,055 sq.ft. to 1,604 sq.ft.
Total Units : 144 (condo), 4 (duplex)
Indicative Price: (to be confirmed)
Developer : Tah Wah Group

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Penang Sentral the key hub in LRT project

Property News/ 14 February 2024 No comments

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Chief Minister Chow Kon Yeow announced yesterday that Penang Sentral is set to be part of the proposed Penang Light Rail Transit (LRT) project, making it one of the major alignments under the estimated RM10 billion project.

Penang Sentral is the main transportation hub for the state of Penang, as well as the northern area of Peninsular Malaysia.

While adjustments in the alignments are more likely to happen, just like how the line from Bayan Lepas will be extended to Tanjong Bungah instead of ending in Komtar, the railway scheme, as discussed and agreed principally by the Federal Government, remains unchanged for now.

The Bayan Lepas – Tanjong Bungah alignment falls under Phase One.

“We were informed that by sticking with the initial proposed scheme, the project can very likely kickstart faster, and if it happens otherwise, new and thorough research needs to be done again,” Chow said after attending the DAP Chinese New Year Open House in Bukit Mertajam yesterday.

Based on previous reports, it is learned that the proposed LRT route is expected to cover Bayan Lepas-Komtar-Tanjung Bungah-Air Itam-Butterworth-Kepala Batas-Simpang Ampat.

With the latest announcement of Penang Sentral being part of the project, Chow is optimistic that the proposed cross-channel link, connecting the island and mainland, will be a reality under Prime Minister Datuk Seri Anwar Ibrahim’s watch.

He also said the proposed line connecting the island and the mainland would be through an elevated railway.

Datuk Seri Anwar Ibrahim on May 6, 2023, broke the good news that the Federal Government had principally agreed to fund Penang’s first LRT project.

MRT Corp (Mass Rapid Transit Corporation) is the project manager.

In a related development, Chow said a delegation from MRT Corp was in Penang a few weeks ago to provide an update on their latest efforts about the LRT project.

“They informed us that the next step is to present a Cabinet paper with comprehensive details about the project to the relevant ministries, namely the Transport and Finance Ministries.

“The Cabinet paper will encompass details such as the depots and their locations, the proposed alignments, and many other technical studies that were discussed between the state government and MRT Corp,” Chow added.

Source: Buletin Mutiara

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Celebrate the auspicious Year of Dragon with Mah Sing on 15 Feb at Southbay Sales Gallery

Events & Promotions/ 14 February 2024 Comments off

Celebrate the auspicious Year of the Dragon with Mah Sing Group! Join them on the 6th day of Chinese New Year (15 Feb) from 9AM to 4PM, at Mah Sing’s Southbay Sales Gallery for a grand Chinese New Year celebration!

Mah-Sing-Group

Exciting activities include lion dance performances, LED dragon parades, yee sang tossing for prosperity, festive games, firecrackers, traditional handicraft workshops, lively music, and more!

Don’t miss out on the exclusive Chinese New Year promotion! From 9th January to 29th February 2024, book Ferringhi Residence 2 and enjoy an additional RM2,888 rebate and exquisite gold jewellery. See you there!