In a glittering ceremony at The Athenee Hotel, Bangkok, PropertyGuru Group recently unveiled the winners of the 18th Annual PropertyGuru Asia Property Awards Grand Final. The prestigious event, presented by Kohler and supported by Dongpeng Ceramic and Subzero Wolf, celebrated excellence in real estate development, construction, architecture, and design across 13 vibrant property markets in Asia.

One of the standout moments of the evening was the recognition of Eastern & Oriental Berhad’s (E&O) Andaman project in Penang, which clinched the Best Township Masterplan Design Award for Malaysia. This accolade underscores E&O’s commitment to innovation and meticulous planning in crafting a masterful township design that impressed the independent jury and positioned Andaman at the forefront of real estate excellence in the region.

Andaman, nestled within the captivating landscape of Penang, showcases E&O’s dedication to creating well-thought-out and innovative masterplans that go beyond conventional standards. The Best Township Masterplan Design Award is a testament to the project’s seamless integration of residential, commercial, and green spaces, providing a blueprint for sustainable and vibrant communities.

Moreover, Malaysia emerged as a force to be reckoned with, securing four regional wins in various categories. Perbadanan Kemajuan Negeri Selangor (PKNS) received the prestigious title of Best Affordable Homes Developer (Asia), highlighting the nation’s commitment to providing quality and affordable housing solutions. Noteworthy projects by Eupe Corporation Berhad and Sime Darby Property also contributed to Malaysia’s success on the regional stage.

The recognition of Malaysian developers on this esteemed platform reflects the nation’s dedication to raising development standards, redefining design, and contributing to the revitalization of economies. These wins showcase Malaysia’s diverse real estate landscape and the industry’s ability to deliver excellence across various categories.

Hari V. Krishnan, CEO and managing director of PropertyGuru Group, praised the culmination of the awards series as a celebration of changemakers who are shaping the future of cities in Asia. He highlighted the significance of the winners’ contributions to creating more sustainable, equitable, and innovative urban environments.

Jules Kay, GM of PropertyGuru Asia Property Awards and Events, commended the winners for driving positive change and innovation, showcasing a shared aspiration for quality among developers, buyers, and builders. The awards underscore the commitment to sustainability among residential, commercial, and industrial developers in the region.

The Grand Final drew iconic personalities from the real estate industry, including Dr. Allan Zeman, founder and chairman of Lan Kwai Fong Group, who received the Icon Award. Dr. Zeman expressed his honor at receiving the prestigious award and emphasized the global impact of Lan Kwai Fong as a prominent brand.

The Penang government is optimistic that the Silicon Island project, once completed, will replicate the success of the Bayan Lepas Free Industrial Zone (FIZ).

Chief Minister Chow Kon Yeow said this is possible through a topside development plan for the project.

Chow, alongside Penang Yang di-Pertua Negeri Tun Ahmad Fuzi Abdul Razak and other state dignitaries, made a historic visit to Silicon Island since its reclamation started in September of this year.

“The topside development plan features the high-tech industrial park called ‘Green Tech Park’ (GTP) as well as digital technology infrastructure, e-commerce, and Business Process Outsourcing (BPO) facilities.

“The GTP is designed with environmental, social and governance (ESG) concepts that will be able to attract compliance-conscious investment that is now a global corporate focus.

“The location of the GTP and BPO also is strategic because it is close to the Bayan Lepas Free Industrial Zone (FIZ), Penang International Airport (PIA) and the Sultan Abdul Halim Muadzam Shah Bridge.

“As a result, this will guarantee the development and increase the competitiveness of Penang’s electrical and electronics (E&E) manufacturing sector, similar to what was achieved with the development of Bayan Lepas FIZ,” Chow said in his speech at the Region 1 Marine Police Base in Batu Uban yesterday.

Silicon Island, renamed from Island A under the proposed Penang South Islands (PSI) project, is located at the south end of Penang Island, measuring 2,300 acres in land size.

It is the only island to be reclaimed out of the proposed three islands after the state government decided to scale down the PSI project on the advice of the Federal government.

Silicon Island is expected to be fully reclaimed by 2032, with the entire development spanning 25 years.

The reclamation of PSI’s Silicon Island is undertaken by Silicon Island Development Sdn Bhd (SIDSB).

SIDSB is the project developer (PD) set up by PIC PD Sdn Bhd and SRS PD Sdn Bhd. PIC PD owns 30% of SIDSB while SRS PD owns the remaining 70%.

Chow said the development of Silicon Island is expected to generate a Gross Domestic Product (GDP) of RM1.1 trillion and an RM74.7 billion investment, apart from creating 220,000 job opportunities that will benefit Penangites and Malaysians.

“Silicon Island will also improve liveability and quality of life, increase household incomes, empower the people, especially local fishermen through the Social Impact Management Plan (SIMP), increase the built environment’s resilience to reduce carbon emissions, increase the use of renewable energy and face climate change challenges.

“Therefore, we are confident that Silicon Island will play its role as an environmental, social and governance (ESG) compliant project to attract investors, develop the state’s economy, and safeguard the well-being of the local community at the same time,” he said.

In a press conference later, Chow said since the reclamation of Silicon Island started in September, a total of five acres of land have been reclaimed so far.

“This is just preliminary work only. The project can be expedited based on the market demand.

“Starting next year, we will increase the number of ships to be used to ferry the sand and pump the sand to Silicon Island.

“We expect to reclaim around 300 to 400 acres per year. This does not include infrastructure works as they can only begin after the reclamation works are fully completed,” said Chow.

Arriving at the site at about 10am yesterday, Ahmad Fuzi, Chow and other distinguished guests were briefed on the progress by the officers from the Gamuda Berhad.

They spent about 30 minutes on the man-made island. Many of them were seen taking the opportunity to snap photographs around the vicinity.

The visit included tree planting as a symbolic gesture.

Source: Buletin Mutiara

Source: Google Street View

Ivory Properties Group’s unit Ivory Gleneary Sdn Bhd is divesting a piece of land in Georgetown, Penang to Chin Hin Group Property Bhd for RM40 million.

The land is about 1.218 acres within an existing project known as Penang Times Square.

Chin Hin Group plans to develop the land into a multi-storey serviced residence and has agreed that a company within the Ivory group of companies be appointed as the turnkey builder for the development.

In a filing with Bursa Malaysia Securities Bhd, Ivory Propertie said the disposal forms part of its regularisation plan, a critical corporate endeavour for Ivory, along with prospects for future dividend income from share of net profit of the development without actual cash flow as the initial cost of investment.

The turnkey builder work is anticipated to yield construction revenue.

The proposed disposal also entails granting Ivory an irrevocable exclusive right, allowing one of its subsidiary companies to subscribe to up to 20 per cent of the ordinary share capital of Chin Hin.

Source: NST Online

About Damai Springs

A small landed housing development by General Supreme Sdn. Bhd. (a subsidiary of Airmas Group) in Bukit Mertajam. Strategically located near Jalan Betek with direct access to Jalan Song Ban Kheng, diagonally opposite Harmoni Residensi gated and guarded community. This development comprises 26 units of 2-storey terrace and 4 units of bungalow houses.

Find out more about Damai Springs

The Fame, a serviced residence development by TF Land Sdn. Bhd. at Machang Bubok in Bukit Mertajam. It is located on 3.4 acres of land along Jalan Machang Bubok 1, right opposite TF 65 shop offices. It is just a stone’s throw away from Tropicale Residency gated housing scheme, less than 10-minute drive to Bukit Mertajam Town Centre via Jalan Kulim.

This is set to be one of the first serviced apartment developments in Machang Bubok, consisting of two residential towers, one with 17 floors and the other with 18 floors, and several retail and commercial units. The residential component will feature a total of 318 serviced apartment units, offering a choice of 6 different layouts, ranging in size from 850 sq. ft to 1,350 sq. ft.

Project Name : The Fame
Location : Machang Bubok, Bukit Merajam
Property Type : Mixed development
Total Units: 318 (residential), 20 (commercial)
Built-up Size: 850 sq. ft – 1,350 sq. ft.
Tenure: (to be confirmed)
Indicative Price: (to be confirmed)
Developer : TF Land 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.