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PROPOSED: Bukit Mertajam / Zuwen Bina Sdn. Bhd.

Bukit Mertajam/ 19 February 2024 No comments

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A newly proposed strata residential development by Zuwen Bina Sdn. Bhd. near Kota Permai in Bukit Mertajam. Located off Lorong Sujana Permai 17, just a stone’s throw away from Econsave Alma hypermarket and Billion Supermarket in Kota Permai. It is less than 3km to SJKC Beng Teik, with easy access to the nearby township via Jalan Song Ban Kheng.

This development will feature a gate and guarded housing schedule, offering a mix of 3-storey semi-detached and terrace houses:

  • 3-storey semi-detached: 4 units
  • 3-storey terrace: 57 units

The project is still pending approval. More details to be available upon official launch.

Project Name: (to be confirmed)
Location : Kota Permai, Bukit Mertajam
Property Type : Residential (Gated & guarded)
Total Unit: 61
Built-up Area: (to be confirmed)
Indicative Price: (to be confirmed)
Developer: Zuwen Bina Sdn. Bhd.

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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.

Seberang Prai unveils grant programme for inclusive urban development

Property News/ 19 February 2024 No comments

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The city is charting a course towards a greener and more inclusive future with the introduction of the Seberang Prai Town Grant Programme, Penang Global Tourism said in a Facebook post on Feb 15.

Supported by the Finance Ministry and orchestrated by Think City, the programme aims to infuse the area’s rapid development with sustainable and community-focused initiatives.

According to the post, the grants, ranging from RM25,000 to RM200,000, are targeted at grassroots projects that are set to bolster small town development across five key themes:

  1. Enhancing quality of life through better services and facilities.
  2. Celebrating heritage and culture.
  3. Building stronger communities.
  4. Promoting a healthy environment.
  5. Improving income sources through new job and training opportunities.

Full details on how to apply, including terms of reference, are available on the Think City website.

Source: NST Online

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SITE PROGRESS: Maldives Residences (Feb 2024)

Property News/ 17 February 2024 No comments

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About Maldives Residences

A residential development by Ideal Property Group at Bayan Lepas. Strategically located along Jalan Sungai Tiram 6, just across the road from Havana Beach Residences. It is conveniently connected to Jalan Tun Dr Awang, less than 2km away from Penang International Airport. This development comprises 46-storey building with 4 residential towers. It features a mix of affordable and upgraded units, with a built-up size of 850sq.ft. onwards.

Find out more about Maldives Residences

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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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