Penang will give importance to mega infrastructure projects such as the light rail transit (LRT), airport expansion, and Silicon Island in 2024.

In his New Year message on Sunday, Chief Minister Chow Kon Yeow said the state government is confident that the Silicon Island project will replicate the success of the Bayan Lepas Free Industrial Zone (FIZ), which brought economic renewal to Penang over 50 years ago, Bernama reported.

“It is undeniable that we need Silicon Island to further develop the industrial land in Bayan Lepas to ensure the growth and increase in competitiveness of our state’s leading electrical and electronics (E&E) manufacturing sector,” he said.

While admitting that it might be impossible for all these mega projects to be completed before the end of his tenure as chief minister, Chow reiterated his commitment to initiating these projects for the well-being of the people in the future.

“Penang must continue to lead, inspire and contribute to the well-being of all Malaysians,” he said.

Chow said the state would strive to achieve its “Penang 2030 Vision: A People-centric Smart and Green State That Inspires the Nation” objective to revive the economic sector.

He was grateful to the federal government for constantly working together with Penang to ensure the implementation of projects or programmes that benefit the people.

During an official visit to the state in May, Prime Minister Anwar Ibrahim said the federal government had agreed to provide additional funds to the Penang government to expedite the development of the LRT project in the state.

He had acknowledged that traffic congestion had been a longstanding issue in Penang and that the state was in need of a LRT system as a solution.

The LRT is expected to follow the Bayan Lepas-Komtar-Tanjung Bungah-Air Itam-Butterworth-Kepala Batas-Simpang Ampat route.

The whole project is expected to cost RM10 billion.

Chow urged the people of Penang to maintain harmony for them to live in prosperity and unity, heralding 2024 with “a spirit of love, unity, tolerance and joy”.

Source: FMT Online

Happy New Year! As we stand on the cusp of a brand new year, with the calendar flipping to January 1, 2024, it is with great excitement that we extend our warmest wishes to each and every one of you. May this year be filled with boundless opportunities, joy, and the fulfillment of your homeownership dreams in the vibrant realm of Penang’s real estate.

In the spirit of celebration, let’s take a moment to reflect on the top 10 housing projects that graced our platform throughout the eventful year of 2023. Some of these projects not only captured the attention of property seekers but also spotlighted the innovation and excellence that define Penang’s ever-evolving real estate market.

Mandarin Residence

Mandarin Residence is an affordable housing development by Focal Products Sdn. Bhd. at Farlim in Penang. Located at the intersection of Jalan Teochew Satu and Jalan Thean Teik, next to Hui Aun Apartment. It is only 1km away from Sunshine Central. It's conveniently situated just a stone's throw away from Thean Teik Highway, ...

The Pier

The Pier, yet another mixed development by Asia Green Group within the vicinity of Bayan Mutiara. It is strategically located along Tun Dr. Lim Chong Eu Expressway, a short drive from Penang Bridge's Bayan Lepas bound exit on the Island. Adjacent to The Zen development, this project was formerly known as ...

Foreshore Residence

Foreshore Residence, a mixed development by Tanjung Villa Development Sdn. Bhd. (a subsidiary of Tah Wah Group) in the heart of George Town. Strategically located along Tun Dr. Lim Chong Eu Expressway, adjacent to Sandilands Condominium. It is only about 5 minutes drive to Penang Bridge, with an abundance of ...

Maldives Residences

Maldives Residences, yet another 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. Other neighboring housing schemes include Tree Sparina, The Amarene, Summerskye Residences, ...

Ideal Venice Residency

Ideal Venice Residency, the second phase of PR1MA affordable housing development by Ideal Property Group at Island Glades. Strategically located near the intersection of Jalan Bukit Gambir and Jalan Lembah, next to Ideal Residency. It's just a stone's throw away from University Science Malaysia (USM), about 5 minutes drive to Penang Bridge. This development ...

Arica @ Andaman

E&O's second serviced residence project at Andaman, Arica Executive Homes, follows the successful sales of The Meg, which is now fully sold out. Positioned adjacent to The Meg, Arica boasts similar benefits of convenient access to various commercial amenities in the future such as workplaces, educational institutions, hospitality, healthcare, wellness ...

Ceria D’ Eco Horizon

Ceria D’ Eco Horizon, a commercial development by Eco Horizon Sdn. Bhd. in Batu Kawan. Located along Bandar Cassia Expressway, this will be a new commercial addition to Eco Horizon master-planned development in Batu Kawan. It is diagonally opposite the IKEA store, just a mere minutes drive from the home of ...

Grace Harmony

Grace Harmony, the latest affordable housing by Nova Land Development Sdn. Bhd. at Jelutong, Penang. It is strategically located near Nova Place and Grace Residence by Nova Mulia Development, easily accessible via Tun Dr Lim Chong Eu Expressway. This development will see the demonstration of 34 existing houses and workshops for ...

The Meg @ Andaman Island

Andaman Island - the highly-anticipated prime reclaimed island of Seri Tanjung Pinang Phase 2A by E&O. Located directly across the waters of Seri Tanjung Pinang and Gurney Drive, the 253-acre island is expected to have a GDV of over RM17 billion, which will take over 15 years to complete. The first link ...

The Skyline

The Skyline, yet another residential development by PLB Land at Paya Terubong. Part of the Skynet City township development located along Jalan Paya Terubong. It is adjacent to Majestic Heights, just a stone's throw away from the new Jalan Bukit Kukus paired road. This 34-storey condominium development will consist of 290 ...

Foreshore Apartment, a low medium cost housing development by Tanjung Villa Capital Sdn. Bhd. (a subsidiary of Tah Wah Group) in the heart of George Town. Strategically located along Tun Dr. Lim Chong Eu Expressway, next to Foreshore Residence. It’s just a short 5-minute drive to Penang Bridge, and a wealth of essential amenities are conveniently within reach, all within walking distance.

This development features a 38-storey building, housing a total of 321 units, each with a standard built-up size of 700 sq.ft. Every unit is equipped with 3 bedrooms and 2 bathrooms.

READ MORE ABOUT AFFORDABLE HOUSING:

• Eligibility and the requirement of buying affordable housing
• Full list of affordable housing in Penang

Property Project : Foreshore Aparment
Location : George Town
Property Type : LMC apartment
Tenure: Leasehold
Built-up Size: 700sq.ft.
Total Units: 321
Indicative Price : RM72,500 – RM100,000
Developer : Tanjung Villa Capital Sdn. Bhd. (Tah Wah Group)

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 Goodwood Residence

A mixed development by Definite Harmony Development Sdn. Bhd. (a subsidiary of WHH Land) at Bayan Lepas, Penang. Strategically located along Jalan Tun Dr. Awang, next to The Clovers condominium by Asia Green Group. It is less than 2km away from Penang International Airport, about 15 minutes’ drive to Second Penang Bridge. It comprises a 35-storey condominium with 8 units of shop lots located at the ground floor.

Find out more about Goodwood Residence

The Ministry of Local Government Development is now known as the Ministry of Housing and Local Government (KPKT).

KPKT, in a statement today, said the name was amended based on the decision made during the Cabinet meeting on Dec 13, and it will be officially gazetted under the Ministerial Functions Act 1969.

It said that providing affordable housing remains the ministry’s main thrust, with a target of constructing 500,000 housing units nationwide, especially for the B40 and M40 groups through the 12th Malaysia Plan.

It added that the strategic direction through the implementation of KPKT’s vision and mission will continue to be strengthened through eight main functions, namely Affordable Housing, Urban Planning, Landscape Development, Local Government Empowerment, Firefighting and Rescue, Solid Waste Management, Community Empowerment as well as Community Credit and Pawnbroker Companies.

“KPKT, in collaboration with the Madani Government, is committed to achieving the main agenda of advancing the well-being of urban communities and fostering sustainable environments.

“The improvement of people’s living conditions will always be prioritised to enhance the well-being and quality of life, serving as a catalyst for the nation’s progress.” the statement read.

Source: Bernama