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Tender for detailed design on Gurney Wharf to open in Q4

July 22nd, 2019 No comments

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The state government will call for tender for a detailed design on Gurney Wharf, touted as the state’s seafront park-in-the-city, by end of the year.

State Local Government Com­mittee chairman Jagdeep Singh Deo said they would tap into the expertise of both local and international consultants for the design and construction of the “world-class park”.

Upon completion in 2021, the park is expected to feature a foodcourt, F&B outlets, promenade, wetlands, beach, steps and handicap ramp, children’s play equipment, skate park and water taxi pier.

“The development of the wharf will be guided by an Operational Requirement Statement to ensure the state government realises its vision of creating an iconic public realm.

“The park development is estimated to cost around RM180mil. It will be a Penang icon, as we want to bring it further into the international limelight.

“But most importantly, we need to serve the people of Penang by creating public amenities for them. The project is expected to be completed in 2021,” he told reporters during a site inspection yesterday.

Gurney Wharf Concept

In 2016, it was reported then that the coast along Gurney Drive would get a makeover from a massive recreational waterfront project.

Its conceptual masterplan is by Grant Associates, an internationally-renowned consultant architect involved in various international projects, including the Hive, Bristol Harbour Site and the Cambridge Accordia and also the Singapore Garden’s by the Bay.

Jagdeep said a total of 16.19ha of the 53.01ha reclaimed land at the Gurney Drive foreshore would be handed over to the state government by the end of the year.

He said reclamation work, which began in 2016, was scheduled for completion in September.

It was now 94% completed, including coastal protection and soil treatment, he added.

Source: TheStar.com.my

 

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Strengthen MM2H programme to ease property glut

July 20th, 2019 3 comments

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The Malaysian Institute of Professional Estate Agents and Consultants (MIPEAC) is of the view that encouraging more foreigners to take up the MM2H (Malaysia My Second Home) programme and to invest in Malaysian properties could help ease the glut in the property sector.

In a statement today, MIPEAC said it would be a waste not to strengthen the promotion of MM2H and encourage more foreign investments in the country’s property sector.

“With RM20 billion worth of residential overhang, we should be more open to foreign buyers with higher spending power to enter the market,” it said.

International Real Estate Federation (FIABCI) Malaysian chapter president Michael Geh reportedly said in a news portal recently that Malaysia must encourage more foreign buyers of local real estate to resolve the issue of unsold units in the country.

“In general, efforts to drive in foreign investments in other segments like commercial and industrial properties should be taken more seriously as well. MIPEAC believes that more can be done to encourage foreign buyers and investors to enter Malaysia’s property market.

“High-end developments can be marketed more intensively globally, together with the ongoing efforts done in the tourism sector,” it added.

Although stricter background checks for MM2H applications have been implemented recently, MIPEAC applauds the Tourism, Arts and Culture Ministry’s efforts to speed up the approval process of the backlogged applications by setting up a special task force.

Concurrently, it said growth in the ICT sector in Malaysia will also pull in more professional foreign workers which will in turn encourage more property purchases by expatriates.

Source: TheSunDaily.my

 

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Mont Residence – Limited units available with attractive ownership package!

July 19th, 2019 Comments off

Mont Residence, a 38-storey lifestyle condominium located on 5.15 acres freehold land in Tanjung Tokong. Featuring 473 condominium units with four well-designed and practical layouts. The project is now completed with limited units left. Call VST Group at 016-459 8080 or 017-332 8382 now to find out more about the attractive ownership package!

 

KEY FEATURES:

  • Strategic location, just a stone’s throw away from to market, shopping malls, hospitals, schools, shops & restaurants.
  • Multi-tiered security, access control, central CCTV and guard patrols.
  • Healthy lifestyle & facilities, 3 types of swimming pools and fully equipped gym, games room, stydy rooms & more.
  • Sky Garden – Panoramic views of the rolling green hillside & Straits Quay.
  • Wine & Dine – Stylish dining facility.

FACILITIES:

Covered car park, Barbecue Area, Playground, Game room, Karaoke, Library, Gymnasium room, Fitness Stations, Basketball court, Jacuzzi, Swimming pool, Wading pool, Mini golf range, Sky Lounge and many more!

Developer’s Website: http://www.vstgroup.com.my

Register your interest here or call 016-459 8080 / 017-332 8382 for more details

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Ferringhi Residence 2 named the Five Star Best Residential Development

July 19th, 2019 1 comment

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Mah Sing Group Berhad’s Ferringhi Residence 2 project in Penang has received recognition for its excellence.

It was named the Five Star Best Residential Development for Malaysia at the Asia Pacific Property Awards 2019-2020.

This impressive achievement is a testimony to Mah Sing’s continuous commitment in delivering a well-planned sustainable residential development with top quality and enhanced features.

“We are honoured that Ferringhi Residence 2 has been recognised,” said Mah Sing founder and group managing director Tan Sri Leong Hoy Kum.

“We have been in the property industry for around 25 years.

“Our promise to reinvent quality space and enhance the lives of our homebuyers is always our main priority when planning a project.”

Mah Sing also revealed its new Ferringhi Residence 2 show unit at Southbay Sales Gallery in Batu Maung recently after relocating from the old sales gallery in Menara Boustead, George Town.

The relocation was done to meet the continuous interest from potential home buyers.

The new 1,494sq ft Ferringhi Residence 2 show unit features the Type A layout which embodies the leisure urban resort style.

Interested homebuyers can now visit the new Ferringhi Residence 2 show unit at Southbay Sales Gallery every day from 9am to 6pm.

In addition, Ferringhi Residence 2 has just celebrated its topping up ceremony for Phase 1, symbolising the completion of the structure of the Tower B building.

Tower B is expected to be fully completed in July 2020 while the entire project, with its two phases, is scheduled for completion by December 2020.

The project is expected to have a total gross development value of RM614mil.

The 3.8ha Ferringhi Residence 2 development is in Penang’s famous holiday spot of Batu Ferringhi.

It is a freehold residential condominium located behind the Penang Hill forest range and the Teluk Bahang Forest Reserve Park.

The project is accessible through Jalan Sungai 1 which branches off from Jalan Batu Ferringhi in front of Holiday Inn Resort Hotel.

Ferringhi Residence 2 is a resort-style condominium designed predominantly in a north-south direction.

The development comprises three towers (32-storey high-rise residences, 10-storey mid-rise residences and 4-storey low-rise residences).

Source: TheStar.com.my

 

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Transport Ministry approved Bayan Lepas LRT project

July 17th, 2019 6 comments 中文版

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The Transport Ministry has approved Penang’s Bayan Lepas light rail transit (LRT) project, says Anthony Loke.

In a statement Tuesday (July 17) the Transport Minister said approval was given after detailed study of the Penang Economic Planning Unit’s (BPEN) application to develop the Bayan Lepas LRT project.

However, the state would have to exhibit documents of the project for a three-month period and the final go-ahead will only be decided after public responses are evaluated, said Loke.

“The application by Penang BPEN to develop the Bayan Lepas LRT scheme has been approved on July 16 subject to conditions stipulated under Section 83 and 84 of the Land Transport Act 2010.

“After approval is given, the applicant is required to deposit all required documents to the Land Public Transport Agency (Apad) for public inspection and for them to raise objections within a three-month period starting from the final date of notice published in local news advertisements.

“The completed documents of the project are to be exhibited in public places including government offices.

“The applicant must also upload a copy of the documents on a website for online viewing.

“After evaluating the public responses during the public viewing, another application for confirmed approval has to be submitted,” said Loke in the statement.

The RM8.4bil Bayan Lepas light rail transit (LRT) together with a monorail, cable cars and water taxis, is part of the state government’s RM46bil Penang Transport Master Plan (PTMP).

It will begin from Komtar in the northeast corner of the island and pass through Jelutong, Gelugor, Bayan Lepas and Penang International Airport before ending at the proposed Penang South Reclamation (PSR) development comprising three man-made islands totalling 1,800ha near Teluk Kumbar.

It is expected to provide a fast route to the airport and will traverse densely populated residential, commercial and industrial areas.

There are 27 LRT stations along the alignment, with the maintenance depot located on the first island that is to be reclaimed on the island’s south coast.

Media Statement from Transport Ministry

 

Source: TheStar.com.my

 

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