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The master planner of modern townships Property News/ 16 July 2024
The Penang Development Corporation (PDC) has significantly impacted Penang’s industrial growth, transcending job creation and attracting Foreign Direct Investments (FDIs). The corporation has played a pivotal role as the master planner and developer of new townships, driving urbanisation. PDC chief executive officer Datuk Aziz Bakar said, to date, the increasing land value in Bayan Baru, Seberang Jaya, and Bandar Cassia attests to PDC’s success as a master builder and developer. “These townships reflect PDC’s legacy of foresight in creating innovative, sophisticated, and sustainable communities. “We continue to enhance the quality of life for Penangites across generations, aligning with the aspirations of Penang2030 to foster a family-focused, green, and smart state,” he said recently. Commenting on Bayan Baru, Aziz said Bayan Baru stands as PDC’s first groundbreaking township on the island. “Developed as a self-sufficient town, Bayan Baru offers a comprehensive town sub-centre with easy access to commercial, social, and recreational facilities. “Officially opened in 1975, Bayan Baru embraced a new economic paradigm, partnering with private developers to create more housing, commercial, and retail developments. “Today, Bayan Baru is poised to become a major epicentre for the Global Business Services (GBS) sector, housing over 60 GBS companies. PDC’s future plans aim to attract more talent and advance development, continuing to enrich the lives of Penangites,” he said. Following Bayan Baru’s success, PDC developed its second township, Seberang Jaya, the Penang mainland’s first integrated and planned township. Aziz said Seberang Jaya, launched in 1976, offered a variety of modern facilities and amenities, including playgrounds and open community areas. “In response to the surge in commercial activities, PDC constructed SP Arena in 2015, a multi-purpose hall for MICE (Meetings, Incentives, Conferences and Exhibitions) events. “Seberang Jaya, a focal point for many industrial clusters, continues to evolve with a thriving mix of commercial and residential projects by PDC and private developers. This vibrant township is set for more advanced developments to accommodate its growing population,” he highlighted. He also spoke about Bandar Cassia, PDC’s latest township development project. “PDC has renewed its commitment to developing futuristic townships where people can live, work, play, and learn in an integrated, eco-friendly environment with well-connected infrastructure. This vision is exemplified in Bandar Cassia, Penang’s first smart eco-city. “Bandar Cassia is evolving into a new business district and a major hub for medical, educational, and lifestyle services. “This one-stop centre for living has become a magnet for talent, population growth, and investment,” Aziz added. Source: Buletin Mutiara Tags: pdc Marina City Permatang Tinggi/ 15 July 2024
Marina City, a new commercial development in Permatang Tinggi, undertaken by Aroma Development Sdn. Bhd. It is strategically located along Jalan Permatang Tinggi, just a few hundred meters away from another upcoming commercial hub, PuncakCity, currently being developed by Puncakcity Development Sdn. Bhd. This development features a total of 100 freehold commercial units, comprising 79 shop offices and 21 small-scale manufacturing units with convenient drive-thrus. The commercial offerings range from semi-detached 2.5-story units spanning 3,936 to 4,268 sq.ft. and 3-story bungalows sized from 5,200 to 6,734 sq.ft. Prices start at RM3.2 million, with anticipated completion by 2026. Project Name : Marina City
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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. Tags: aroma development, commercial, factory, marina city, shop office SITE PROGRESS: Havana Beach Residences (July 2024) Property News/ 14 July 2024
About Havana Beach Residences Affordable housing development by Ideal Property Group at Bayan Lepas. Strategically located near Jalan Tun Dr. Awang, less than 2km away from Penang International Airport. It is about 5 minutes walking distance to SMJK Heng Ee (Bayan Baru branch). Find out more about Havana Beach Residences
Register your interest here and we will keep you updated. Tags: havana beach residences site progress AFFORDABLE: Paya Terubong / Sunrich Conquest Sdn. Bhd. Paya Terubong/ 12 July 2024
A proposed affordable housing development by Sunrich Conquest Sdn. Bhd. in Paya Terubong, located near Jalan Bukit Kukus, just a stone’s throw away from Asia Heights apartment. It is approximately a 5-minute drive to Air Itam, with an abundance of essential amenities within a 3 km radius. This development comprises two blocks of 35-storey towers, offering a total of 1,670 affordable housing units, with 6 levels of car parking podium. Facilities will be located on levels 7 and 8. Additionally, there will be 32 units of commercial lots located at the ground level. The project is still in its planning stage and more details will be available upon official launch. READ MORE ABOUT AFFORDABLE HOUSING: Project Name : (to be confirmed)
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LOCATION MAP (approximate location) 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. Tags: affordable, condominium, residential, sunrich conquest sdn. bhd. Upward momentum likely for property players Property News/ 11 July 2024
The local property sector is poised for significant growth, driven by macroeconomic factors and thematic plays, analysts say. TA Research said the rise in developers’ share prices is more than just a fleeting trend and is, instead, a golden opportunity worth accumulating. “Since August last year, our stance on the property sector has turned bullish, spurred by the emergence of compelling catalysts driving a re-rating. “These include political stability, increased foreign direct investments, the rollout of major infrastructure projects, the establishment of special economic zones and the continuation of homeowner-friendly policies,” the research house said in a report on Tuesday. TA Research said the burgeoning data centre thematic play, which was absent during the 2013 upcycle, is now a significant growth driver. “The property market is not only riding a wave of positive news but is also backed by solid fundamentals and growth prospects. “Despite the sector’s current valuation being above the long-term average, the strong economic fundamentals and new growth drivers provide a compelling case for continued upward momentum,” the research house said. TA Research noted that the positive shift from August last year has been validated by the rally in share prices among property developers, with the Bursa Property Sector Index (KLPRP Index) concluding 2023 as the second-best performer on Bursa Malaysia. “Notably, it recorded a substantial gain of 34.5%, trailing only behind the Utilities Sector Index, which surged by 51.4%. This performance notably outpaced the benchmark FBM KLCI, which experienced a decline of 2.7%. “Although the KLPRP Index retracted some gains in the last two weeks of June as investors locked in profits, it still maintains a 28.7% gain year-to-date, outperforming the benchmark FBM KLCI’s 10.7% increase,” the research house said. TA Research said comparatively, in 2013, the country’s economic strength was centred primarily on the Klang Valley and Johor. However, in 2024, there is the emergence of two additional economic powerhouses, namely Penang and Sarawak. “For the first time in Malaysian history, major public transportation infrastructure projects are simultaneously underway in the Klang Valley (mass rapid transit line 3 and high-speed rail or HSR), Johor (rapid transit system or RTS), HSR and automated rapid transit or ART), Penang (light-rail transit or LRT), and Sarawak (Kuching Urban Transportation System ART). “This shift, alongside an improving macro-economic outlook, increased infrastructure investments and various housing schemes aimed at assisting first-time homebuyers, points towards a more resilient housing market moving ahead,” the research house said. Meanwhile, UOB Kay Hian (UOBKH) Research said in view of the record-high total investment for the country over the past two to three years, it anticipates positive spillover effects on the property sector. “Property transactions are hitting record highs, overhang is decreasing, and investment is climbing in the real estate sector, suggesting that the worst may be behind us,” the research house said. UOBKH Research said in the second half of 2024, the outperformance momentum is expected to continue on government policies like the Industrial Master Plan 2030 and data centre investment incentives boosting land sales for the industrial segment. Source: TheStar.com.my (责任编辑：) |
