The Penang Development Corporation (PDC) will continue to play a pivotal role in ensuring that development takes place in the state with the support of the public and private sectors as well as the community.

Chow said that apart from the existing Global Business Services (GBS), which are the GBS@Mayang, and GBS@Mahsuri, PDC is also developing its third project called GBS By the Sea.

“This is in line with the state government’s desire to drive the economy by making Penang a prime investment destination for global business services activities, research & development (R&D) hubs as well as technology hubs.

“Semiconductor company, AMD Global Services (M) Sdn Bhd will be one of the largest tenants, as the company will be renting almost 70% of the building’s (GBS By the Sea) floor space.

“This project (GBS By the Sea) is expected to be fully ready by 2024, and would be contributing a significant revenue to the PDC in the long run,” Chow said when he attended the Deepavali open house organised by PDC today.

“With the collaborative efforts from the public sector, private sector and the community, PDC will continue to play an important role in ensuring that development takes place in the state.

Additionally, Chow mentioned that this year, the PDC has introduced two new industrial areas in the south Seberang Perai district – namely, Bandar Cassia Technology Park and Batu Kawan Industrial Park 3, both adopting the Integrated Industrial Park concept.

“The Integrated Industrial Park concept aims to address the growing demand for industrial land.

“The development of a new industrial park by PDC aligns with the state government concept of Managed Industrial Park (MIP).

“This concept emphasises the need for re-branding and developing new industrial parks to enhance the investment climate in Penang,” he added.

Source: Buletin Mutiara

About Mertajam Heights

A residential development in the heart of Bukit Mertajam. Strategically located along Jalan Ciku, immediately opposite Ng Yam Huat food court with an abundance of essential amenities within 2km radius. The development features a 21-storey apartment building that offers a total of 278 residential units and 4 levels of car park. The residential units come in various sizes, ranging from 1,000sq.ft. to 1,498sq.ft. and offer a dual-key option.

*Photo taken in Nov 2023

Find out more about Mertajam Heights

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The Penang state government is considering proposals to introduce additional commercial activities in Gurney Bay such as the Eye of Penang, Viewing Tower, floating ferry, Ferris wheel and theme parks, Penang chief minister Chow Kon Yeow revealed in the state legislative assembly on Thursday.

He said the additional commercial activities will be managed through the people, public, private partnership (PPPP) model.

“There is a proposal for all these projects to be implemented through an open tender or request for proposal process,” he said in his winding-up speech.

He said the total costs of the Gurney Bay project is RM221 million and the project costs were allocated annually starting from 2022.

A total of RM80 million was allocated to the project under the 2024 Budget.

Chow said the project will have a positive impact on the economy of the state.

“The Gurney Bay project is the state’s initiative to provide green recreational space in the Gurney area which is in line with the Penang2030 vision,” he said.

The Gurney Bay project comprises two water bodies; A which is 6.95 acres (302,742.00 sq m) and B which is 7.91 acres (44,559.00 sq m).

“Reclamation work for B is now in progress and is expected to be completed in the second quarter of 2024,” he said.

Reclamation works for water body A is scheduled to start in early 2024 and will take 18 months, he said.

He said there will be 800 car park lots in Gurney Bay with 238 motorcycle lots and 12 lots for buses.

“To reduce the carbon footprint, water taxi services will also be introduced in Gurney Bay,” he said.

He said both water bodies will be used as land banks as a way to generate revenue through the Gurney Bay project.

The land banks will be priced based on current market prices, the land value in the Gurney Drive area is estimated to be between RM900 per sq m for lands facing Gurney Drive near existing buildings and RM1,300 per sq m for land facing the coastal area, he said.

He said the land banks are mainly to cover the funds the state had invested in developing the project.

“The estimated revenue the state can generate from these two land banks is valued at RM800 million based on current market prices,” he said.

He said the land value will only be finalised after the reclamation work is completed and a detailed survey is conducted at the end of 2024.

On a suggestion to establish a new Special Vehicle Purpose (SPV) for Gurney Bay, Chow said the state will assess the need for this in the future.

Source: MalayMail.com

The Anton, a luxury residential development by Galaksi Bebas Sdn. Bhd. in Pulau Tikus. Strategically located within an upscale neighborhood, on 1.6 acres of land at the intersection of Jalan Cantonment and Jalan Biggs. It is just a stone’s throw away from St. Christopher’s International Primary School, less than 5 minutes drive to Gurney Drive.

This development will see the demolishment of the existing 2-storey bungalow houses, for the construction of a 13-storey luxury condominium. The building will feature 51 luxury residential units and two levels of car parking podiums. Resident facilities and swimming will be located at level 1.

Project Name: The Anton
Location : Pulau Tikus
Property Type : Condominium
Total Units : 51
Built-up Size: 2,702 sq.ft. – 5,360 sq.ft.
Land Tenure : Freehold
Indicative Price : RM4,068,000 onwards
Developer: Galaksi Bebas Sdn. Bhd. (Tamarins 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.