The launch of Northern TechValley@BKE marks a transformative step in Penang’s industrial landscape. Officially unveiled today, this 176-acre industrial park aims to strengthen Penang’s reputation as a hub for high-tech manufacturing and innovation. The project, developed by Suling Hill Development—a joint venture between AME Elite Consortium Berhad and Majestic Gen—has a projected gross development value (GDV) of RM1.3 billion. During the launch at The Light Hotel, Penang Chief Minister Chow Kon Yeow praised the project’s vision, describing it as a “milestone in Penang’s industrial journey” and an essential step towards establishing the state as a future-forward center for high-tech excellence.

Northern TechValley@BKE is designed to support a wide range of high-value industries, including pharmaceuticals, medical technology, and research and development in advanced technologies. The project aligns closely with Penang’s SEED (Strategy for Economic Ecosystem Development) initiative, which is focused on elevating high-value manufacturing sectors such as electronics, semiconductors, and medical technology. This alignment positions the park to not only attract top-tier industries but also reinforces Penang’s standing as a critical economic powerhouse in Malaysia. For more than 50 years, Penang has led Malaysia’s industrial landscape, attracting significant foreign direct investment (FDI) and fostering a highly skilled workforce.

In addition to its industrial capacities, Northern TechValley@BKE is designed as a sustainable, integrated ecosystem, emphasizing a balance between economic growth and environmental responsibility. The park’s layout includes an Industrial Garden Landscape Concept, complemented by aspirations for GreenRE certification, demonstrating a commitment to eco-friendly growth. The development plans also feature lifestyle amenities, recreational spaces, and employee accommodations, all contributing to a balanced environment that benefits both businesses and their workforces. This concept aligns with Penang2030’s vision of harmonizing economic progress with environmental stewardship.

Construction is already underway, with earthworks beginning in August 2024, and building construction scheduled to start in early 2025. The full development is projected for completion by 2029, reflecting both investor confidence and a commitment to timely, sustainable industrial growth. As Northern TechValley@BKE progresses, it signals a promising new era in Penang’s journey as an industrial leader, bringing together advanced technologies, a skilled workforce, and eco-friendly practices to bolster Penang’s role on the global stage.

About Terraces Condominium

A highrise residential development by IJM Land at Bukit Jambul, Penang. Strategically located on 9.32 acres of land next to INTI International College. It comprises a 34-storey condominium tower, featuring 410 residential units with two different design types to choose from.

*Photo taken in Sept 2024

Find out more about Terraces Condominium

MKS Instruments Inc (MKS), a global technology solutions provider, is investing US$100 million to establish aa super centre factory in Batu Kawan. This facility will support wafer fabrication equipment production for regional and global markets.

MKS Executive Vice-President David Henry announced that the factory will be developed in three phases, with the first phase scheduled for completion in the first half of 2026. The 500,000-square-foot facility, situated on a 6.88-hectare plot, is expected to create around 1,000 jobs.

Speaking at the groundbreaking ceremony, Henry highlighted Penang’s strategic advantages, including its strong semiconductor ecosystem, proximity to customers and suppliers, and advanced technology infrastructure. He said, “Expanding into Penang strengthens our global footprint and enhances our capabilities in semiconductor manufacturing applications.”

Bukit Tambun state assemblyman Goh Choon Aik, who also serves as InvestPenang’s director, officiated the ceremony. He emphasized Penang’s position as a preferred destination for electronics and electrical investments in Southeast Asia. “With five decades of industrialization and a reputation for technological excellence, Penang continues to attract global investors,” Goh said.

Also present at the event were the United States Embassy’s Commercial Counsellor, Francis Peters, and InvestPenang CEO, Datuk Loo Lee Lian.

MKS Instruments’ decision to expand into Penang underscores the state’s growing appeal to high-tech industries and strengthens its role as a key player in the global semiconductor supply chain.

The project developer, Mass Rapid Transit Corp Sdn Bhd (MRT Corp), is currently considering a few locations for the groundbreaking ceremony of Penang’s highly anticipated Light Rail Transit (LRT) project.

State Infrastructure, Transport and Digital Committee chairman Zairil Khir Johari said the much-awaited groundbreaking event is scheduled to take place at the end of this year.

“MRT Corp is in the process of identifying a suitable site to initiate the construction works. They are currently finalising various factors, including logistical concerns and other relevant considerations.

“Construction works can begin simultaneously at a few places, which is up to the project developer to decide,” he said at the sidelines of a media conference in Komtar after being asked by a reporter about the updates of the project.

He added that he had recently met with MRT Corp, and discussions with the SRS Consortium are in their final stages, with the project expected to move forward once all details are settled.

Source: Buletin Mutiara

Ascott Residences Batu Ferringhi Penang, a proposed luxury residences located on a 1.1-acre freehold site along the coastal road of Jalan Batu Ferringhi, occupying the site of the former Boon Siew Villa. The 43-storey building will feature a total of 99 units, including 72 two-bedroom residences of 2,000 square feet, 26 four-bedroom residences of 4,000 square feet, and a 8,000 square-foot penthouse.

The development is designed to provide both relaxation and social engagement, with a variety of top-tier amenities. On the ground floor, residents will find a concierge desk, an event area, and a serene garden. The 9th floor includes a swimming pool, a fully equipped gym, a resident’s lounge that can be converted into a private dining space, a steam and sauna room, a kids’ play area, and a BBQ area.

The project is scheduled for completion by the end of 2027, with an anticipated opening date of January 1, 2028. Ascott will manage the property under an initial 20-year agreement. Currently in the planning stage and pending approval, further details about the development will be available upon its official launch.

Project Name: Ascott Residences Batu Ferringhi Penang
Location : Batu Ferringhi
Property Type : Condominium
Built-up Size: 2,000sq.ft. – 8,000sq.ft.
Land Area: 1.1 acres
Total Units: 99
Land Tenure: Freehold
Indicative Price : (to be confirmed)
Developer: Instant Icon 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.