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Low-cost housing near Taman Murai Jaya broke gound

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At a cost of almost RM6.45 million, the Penang Housing Board (LPNPP) is going to build 3-storey low-cost flats on an abandoned plot of land near Lorong Murai Jaya here and is expected to be fully completed within 12 months from now.

Chief Minister, Y.A.B. Tuan Chow Kon Yeow informed that eligible local residents will be given priority to be offered units through a project that will consist of 36 residences with a floor area of ​​700 sq.ft. per unit through the rent-to-own method for a period of up to 25 years as stipulated by LPNPP.

“These houses may not be sold but eligible applicants will be offered to pay rent (through the ‘rent-to-own’ method) which when the term (‘rent-to-own’) expires within a period of 20 years or 25 years (i.e. ) payment every month (completed), finally the house will belong to the residents.

“This would mean they don’t need to get a (housing) loan from the bank (first), but can continue to move in because this is the State Government’s social responsibility,” he explained before completing the groundbreaking ceremony for the project here yesterday.

According to Mutiara Bulletin, the 0.8 acre land for the low-cost housing has already been abandoned for almost 35 years and the private developer firm has finally agreed to hand over the vacant land to the local authority (PBT).

The State Government through the LPNPP appointed the Penang Development Corporation (PDC) to manage the development of the abandoned land.

Source: Buletin Mutiara

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New Stadium Mini aims to bring communities together in Penang

Property News/ 16 August 2022 No comments

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Stadium Mini Permatang Rawa, located in Bandar Perda, was officially launched on Sunday. The community stadium was completed in October 2021, and started welcoming sports enthusiasts the following month.

AEI International Berhad was appointed by the Penang state government to assume the operations, maintenance, and the running of the stadium.
“We opened our doors to the public late last year and we were pleasantly surprised to receive such overwhelming support from the community,” said Dato’ Joseph Kow, Managing Director, AEI International Berhad.

The stadium offers a football field equipped with FIFA-approved synthetic turf, a grandstand, 5 futsal courts, and high wattage lighting to facilitate games at night.

“We have people from different age groups and backgrounds coming together at this stadium and playing football and futsal every day. We have hosted various tournaments of various scales, and we are also one of the training grounds for the Penang Football Club,” added Dato’ Joseph.

According to Dato’ Joseph, AEI International Berhad aims for Stadium Mini Permatang Rawa to be a place where communities can gather while nurturing the love for sports and play. He also wishes for the stadium to be the sporting ground of choice for all football and futsal players in Penang.

The launch of Stadium Mini Permatang Rawa was officiated by His Excellency Tun Dato’ Seri Utama Ahmad Fuzi bin Abdul Razak, Governor of Penang.

Stadium Mini Permatang Rawa operates daily from 8am to 4am daily.

Those that are keen to book their next game at Stadium Mini Permatang Rawa may do so by contacting 012 487 0593 or 04 538 8826.

For more information, please visit www.aeistadium.com.my.

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The VIZ Lifestyle @ PICC

Bayan Baru/ 15 August 2022 No comments
The VIZ Lifestyle

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The VIZ Lifestyle, also known as the Phase 2B of Penang International Commercial City (PICC), is an upcoming serviced apartment project by Hunza Group. Within the vicinity of the PICC 43-acre integrated development, it is just mere minutes drive to Penang International Airport and 10 minutes walking distance to sPICE. The future central park and liftstyle mall will be right at the doorstep.

This project comprises three towers of skyscrapers, featuring a total of over 1,600 units serviced residences with 10 levels of car parking podium. The units will have built-up sizes ranging from 650sq.ft. up to 1,606sq.ft. with dual key options.

The development is still in the planning stage, and construction is expected to start in Q4 this year.

Project Name: The VIZ Lifestyle
Location: PICC, Bayan Baru, Penang
Property Type: Serviced residence
Built-up Area: 650 sq.ft. – 1,606 sq.ft.
Indicative Price: (to be confirmed)
Total Units: over 1,600
Developer: Hunza (Penang International Commercial City) Sdn. Bhd.

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Taman Lip Sin Master Plan aimed at improving liveability

Property News/ 13 August 2022 No comments

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Taman Lip Sin, which comes under the Bayan Baru parliamentary and Batu Uban state constituency, could see its neighbourhood transformed into a better living environment if the proposed Lip Sin Master Plan materialises.

Bayan Baru MP Sim Tze Tzin, who proposed master plan, was determined to improve the liveability of the neighbourhood.

“We have engaged a professional architect to conduct traffic assessment and design the area to be more pedestrian-friendly.

“We want to encourage people to walk instead of drive to nearby places.

“People are encouraged to walk to the nearby pocket parks, supermarket, and other areas in the vicinity,” he said in his speech during the ‘Jelajah ❤️ Penang’ programme in Bayan Baru parliamentary constituency yesterday.

Sim said the Lip Sin Master Plan proposal has been submitted to the state government for its consideration. He hoped for a positive response.

Chief Minister Chow Kon Yeow, who was present alongside his team, praised Sim and Batu Uban assemblyman A. Kumaresan for initiating the Lip Sin Master Plan.

“The state will look into the plan. It is a good initiative. We will consider all aspects, including the cost, if the project gets the nod from the state.

“The community also plays a vital role through its involvement in such initiative,” he said.

Earlier, Chow was happy to fly the Jalur Gemilang in view of the National Day celebration end of this month.

Chow and his team had so far visited seven parliamentary constituencies under the ‘Jelajah ❤️ Penang’ programme. The parliamentary constituencies were Bukit Bendera, Tasek Gelugor, Kepala Batas, Permatang Pauh, Nibong Tebal, Balik Pulau, and Bayan Baru.

Among those present were Chow’s political secretary Teh Lai Heng, Lip Sin MPKK (Village Community Management Council) head Ngo Chee Yi and Taman Lip Sin Block 2 Committee chairman Lee Meng Jee.

Source: Buletin Mutaira

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SITE PROGRESS: Nusacinta @ Setia Fontaines (Aug 2022)

Property News/ 13 August 2022 1 comment

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About Nusacinta @ Setia Fontaines

The second residential component to be launched in the 1,675-acre Setia Fontaines master-planned township development by SP Setia. This will be the first gated residential precinct located next to the 63-acre man-made lake with a musical fountain. It comprises a total of 294 landed residential units, offering a few types of landed houses with built-up size ranging from 1,332 sq.ft. up to 2,943 sq.ft. Indicative price starts from RM420,000 onwards.

Find out more about Nusacinta @ Setia Fontaines

Register your interest here. We will keep you updated.

(This information will be used to keep you updated on the project and future development.)
*By submitting this Form, you hereby agree to our PDPA Consent Clause.