View Full Version : PENANG TIMES SQUARE | Penang ( Georgetown ) | U/C


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TYW
April 27th, 2004, 11:50 AM
i found this in a website

East West Tower & Mall

for IJM Properties Sdn Bhd

A Commercial office tower and retail open mall connecting the busy retail and commercial Penang Road with the historic precinct and budding entertainment stretch of Leith street.

http://www.angelfire.com/biz/demdesign/images/PENANGRd1.gif

THT-United
April 27th, 2004, 02:11 PM
Wow... Another nice skyscraper for Penang!

How many storeys will this building have? From what i see in the artist's impression, looks like nearly 30-floors...

ZaHiRnYa???
April 27th, 2004, 02:17 PM
The construction started already or not?

glenj
April 27th, 2004, 05:31 PM
Seems to be about 23 storeys.. I'm still hoping for a 40+ companion for Komtar :D

baqthier
April 27th, 2004, 05:49 PM
Neat!!!

TYW
April 28th, 2004, 10:50 AM
The construction started already or not?

nope. haven't heard of it untill i found it yesterday;)

TYW
April 28th, 2004, 10:52 AM
Seems to be about 23 storeys.. I'm still hoping for a 40+ companion for Komtar :D

so am i! let's hope there will be some tall buildings in Escoy Place by Ivory. too bad there's still no news till now. i'll keep u guys updated if i know anything;)

TYW
April 28th, 2004, 11:26 AM
LATEST NEWS

i just visited Ivory's website. Escoy Place is now called PENANG TIMES SQUARE

http://www.ivory.com.my/images/penang_map_r1_c1.jpghttp://www.ivory.com.my/images/penang_map_r1_c2.jpg

Pablo please post pics of the site;)

Pablo
April 28th, 2004, 12:16 PM
Great search, TYW...The East West Tower & Mall's design quite nice..

haha, Penang finally got a times square:D..

TYW> i think i don't have any pic of the escoy place?? But, i'll try to find out Okay..

TYW
April 29th, 2004, 11:41 AM
Great search, TYW...The East West Tower & Mall's design quite nice..

haha, Penang finally got a times square:D..

TYW> i think i don't have any pic of the escoy place?? But, i'll try to find out Okay..

i thought took a pic of the site from KOMTAR last time??

baqthier
May 3rd, 2004, 01:57 AM
Penang Times Square..got Times Square HK punya share kah? ;)

TYW
May 3rd, 2004, 07:24 AM
Penang Times Square..got Times Square HK punya share kah? ;)

dunno about that. Ivory will be developing that area;)

Penang Times Square sounds a little odd :borg:

Pablo
May 3rd, 2004, 11:34 AM
This is the place where they r going to develop as Penang Times Square..hehehehe
http://img39.photobucket.com/albums/v121/PabloFa/54c01bd5.jpg

TYW
May 3rd, 2004, 12:19 PM
the road in front is Jalan Dato Keramat right??

Pablo
May 3rd, 2004, 12:32 PM
the road in front is Jalan Dato Keramat right??
Yupe u r right..i hate that road, too many traffic lights :wallbash:

baqthier
May 3rd, 2004, 12:35 PM
Nice ample space...but surroundings aiyo...
actually just behind Berjaya Times Square is pudu..:D

Pablo
May 3rd, 2004, 12:47 PM
Nice ample space...but surroundings aiyo...
actually just behind Berjaya Times Square is pudu..:D
Those r pre-war houses.... :)

TYW
May 3rd, 2004, 12:54 PM
Yupe u r right..i hate that road, too many traffic lights :wallbash:

actually i hate the road beside KOMTAR, infront of Shang-ri La hotel. that stretch is about 200m and about 3 traffic lights!!

Pablo
May 3rd, 2004, 01:02 PM
actually i hate the road beside KOMTAR, infront of Shang-ri La hotel. that stretch is about 200m and about 3 traffic lights!!

hmm...i think that is necessary...as there were many pedestrians cross that road [include me..hehehe]. The road u mentioned is Magazine Road, or tao tiao low..

baqthier
May 3rd, 2004, 01:08 PM
Those r pre-war houses.... :)

oops! :D
BTW, what used to be on that plot of land? My guess - has always been empty? ;)

TYW
May 3rd, 2004, 01:15 PM
oops! :D
BTW, what used to be on that plot of land? My guess - has always been empty? ;)

a tin melting factory.

TYW
May 3rd, 2004, 01:16 PM
hmm...i think that is necessary...as there were many pedestrians cross that road [include me..hehehe]. The road u mentioned is Magazine Road, or tao tiao low..

they should develop the empty space beside it, now used as a car park. then, they can build a pedestrian bridge into it :)

Pablo
May 3rd, 2004, 01:17 PM
oops! :D
BTW, what used to be on that plot of land? My guess - has always been empty? ;)
I was a tin melting factory back to 198+ or 199+ :)

Pablo
May 3rd, 2004, 01:18 PM
they should develop the empty space beside it, now used as a car park. then, they can build a pedestrian bridge into it :)

They proposed a mall there..but forget its name liao :) and they will built a pedestrian bridge linking to the sia buih market

ZaHiRnYa???
May 4th, 2004, 06:34 AM
This is the place where they r going to develop as Penang Times Square..hehehehe
http://img39.photobucket.com/albums/v121/PabloFa/54c01bd5.jpg

Hmmm...an ugly place to build such building..and personally, Penang Times Square???? Can anyone find a nicer name or something totally "Penang" for example?

TYW
May 4th, 2004, 12:04 PM
Hmmm...an ugly place to build such building..and personally, Penang Times Square???? Can anyone find a nicer name or something totally "Penang" for example?

it is a ugly place but it is better to do something than just leaving it there. i think the place has been like that for a decade already.

i think Penang Times Square sounds odd. before that, the project was called Escoy place, named after the tin melting factory.

baqthier
August 1st, 2004, 06:51 PM
Till now no news statement about the Times Square and also the East West Tower :?

TYW
August 7th, 2004, 07:15 AM
Till now no news statement about the Times Square and also the East West Tower :?

nothing AT ALL !!! :(:(:(

ethan
August 23rd, 2004, 11:22 AM
Penang to get a Times Square

BY SIOW YUEN CHING
PENANG: A prestigious RM400mil tourism-themed residential and commercial project in the heart of George Town will mark Penang's entry into the “world of Times Squares.”

Located barely 100m from Komtar, the Penang Times Square would be the largest, in terms of built-up area, after New York's Times Square.

The new city landmark would sit on the 5.3ha site of what was once the country's second-largest tin smelting plant in Jalan Datuk Keramat – Escoy Smelting – which produced the world-famous Straits Refined Tin from 1898 until its closure in 1998.

The ambitious project, undertaken by Penang-based Ivory Properties Group, has generated much interest since canary-yellow zinc fencings were erected around the site recently, with buntings announcing the project.

Ivory Properties Group managing director Low Eng Hock said the project, to be completed by 2010, is envisioned as an urban village within the city.

http://202.186.86.35/archives/2004/8/22/nation/n_pg06tsquare.jpg
A model of the proposed Penang Times Square to be built on the 5.3ha site of Escoy Smelting at Jalan Datuk Keramat in George Town.

“Be it the New York Times Square, Hong Kong Times Square, Shanghai Times Square or the Kuala Lumpur Berjaya Times Square, they are all synonymous as an event place,” he said in an interview here yesterday.

“We want to bring life to George Town. We want people to stay in the inner city and this is one of the last pieces of freehold property that could promote urban living here.”

Low said Phase One of the project would involve a landscaped park, open spaces and the construction of an 18-storey plaza – to be known as Birch The Plaza, named after the original Birch House that was used as the administration office of the smelting company.

He said the plaza would have 308 service suites, about 100 commercial lots, car parks and recreational facilities. A monorail station has been proposed there as well.

Low said they were still waiting for the authorities' approval for Phase One but hoped the construction could start by the end of next year and be completed by end of 2008.

He said restoration works on the 1908 Birch House started since June and were scheduled to be completed by the year's end.

It would be transformed into the company's corporate office and visitors' centre of the Penang Times Square, he added.

On the ensuing phases, Low said the plans had yet to be finalised but they would include a hotel, offices, a museum and studios to promote traditional crafts.

The century-old tin smelting plant first started as Seng Kee Smelter, run by miner Lee Chin Ho, but changed hands many times over the years.

It took on the name of Eastern Smelting in 1908, became Datuk Keramat Smelting in 1975 and finally Escoy Smelting in 1993.

Magician
August 23rd, 2004, 02:29 PM
Sounds interesting! so is the constructing going on now?

samson
September 1st, 2004, 04:45 PM
i always hear tat Ivory Properties Group hv many kind of project
n the design is good!
so i believe tat this penang times square sure will complete b4 the datelined!

Pablo
September 3rd, 2004, 02:11 PM
Sounds interesting! so is the constructing going on now?

Phase 1---> The Birch Plaza will only be launch end of next year :eek::cry:

D_Y2k.2^
September 3rd, 2004, 03:52 PM
this project looks great!Finally get to see Georgetown to hv more new developments:)

baqthier
November 1st, 2004, 07:49 AM
Logo looks a bit tacky lar
http://www.penangtimessquare.com/images/PTS-Logo.gif

http://www.penangtimessquare.com/location.htm
Check out their site! Got the proposed monorail stops!

Ijud
November 1st, 2004, 08:56 AM
So this is the Penang Monorail's route map larr!!

http://img59.exs.cx/img59/85/PenangMonorail.jpg

THT-United
November 1st, 2004, 09:19 AM
Good lah, finally penang is getting its monorail system... Its about time!

sugizm
November 3rd, 2004, 05:19 PM
Logo looks a bit tacky lar
http://www.penangtimessquare.com/images/PTS-Logo.gif

http://www.penangtimessquare.com/location.htm
Check out their site! Got the proposed monorail stops!
hahah y the design so cinapek wan... i should go propose them my design! hmm..

TYW
November 4th, 2004, 11:34 AM
Logo looks a bit tacky lar
http://www.penangtimessquare.com/images/PTS-Logo.gif

http://www.penangtimessquare.com/location.htm
Check out their site! Got the proposed monorail stops!

actually i kinda like the logo. i have bad taste maybe??he he.....

szehoong
November 4th, 2004, 04:32 PM
Aiyoh....the logo won't do lah.......they better redesigned it.....Malaysia had enuf of bad logos so we dun need another one :puke:

SEED
November 5th, 2004, 01:57 PM
agreed~ thats some lousy logolah~ :no: anyway~ the suroundin area iz kinda freaki men... but still~ better then nothin~ :D hope they will develope the suroundin area inda future~

baqthier
February 20th, 2005, 05:35 AM
Any updates? Have they fenced up the place already?

TYW
February 20th, 2005, 01:06 PM
Any updates? Have they fenced up the place already?

i've posted many penang times square pics in the u/c @penang thread

while east west tower and mall...no news at all

Pablo
March 2nd, 2005, 05:36 PM
Hello penang times Square:hello: They r now renovating the office building of Ivory, can u c it..a white colour building just beside the empty place where the propose Time square will be built there.
http://img118.exs.cx/img118/1818/komtar39dm.jpg

nazrey
March 2nd, 2005, 05:48 PM
Birch The Plaza




http://www.penangtimessquare.com/images/BTP-Logo.gif




Conceived to become a cornerstone of an urban village concept, Birch The Plaza strives to marry the old with the new. With an architectural language that points towards the future and yet retains the olden days charm of Georgetown, it is proud to introduce a new vocabulary to the urban fabric.




http://www.penangtimessquare.com/images/birchtheplaza_r1_c1.jpghttp://www.penangtimessquare.com/images/birchtheplaza_r1_c2.jpg
http://www.penangtimessquare.com/images/birchtheplaza_r1_c3.jpghttp://www.penangtimessquare.com/images/birchtheplaza_r1_c4.jpg

nazrey
March 2nd, 2005, 05:50 PM
Birch Regency



http://www.penangtimessquare.com/images/BR-logo.jpg



Birch Regency is conceived to be a sanctuary in the throbbing heart of Georgetown. It is a home where you work and play under the same roof, a home for resting and to re-energize oneself for the challenges of tomorrow.

It is a home for you who always work hard and play hard, who always give your best. Naturally, you deserve the best.




http://www.penangtimessquare.com/images/phase_2_01.gifhttp://www.penangtimessquare.com/images/phase_2_02.gif
http://www.penangtimessquare.com/images/phase_2_03.gifhttp://www.penangtimessquare.com/images/phase_2_04.gif

Pablo
March 2nd, 2005, 05:55 PM
I like its design, i like its name too..hehhehe..I thik the concept and the design of the residential is very suit to georgetown:cool:

TYW
March 3rd, 2005, 03:48 AM
too bad no buildings tall enough in there to accompany KOMTAR:(

Pablo
March 3rd, 2005, 05:23 AM
too bad no buildings tall enough in there to accompany KOMTAR:(

Actually i hope they have a mini skyline around Komtar..Wat i means is built some skyscrapers, maybe 2 or 3 beside Komtar..that is enough..then...no more skyscrapers is allow to be built in the downtown...By building a few skyscrapers beside Komtar, it will make the Penang skyline look more beautiful, and more well organise:)

TYW
March 3rd, 2005, 08:38 AM
Actually i hope they have a mini skyline around Komtar..Wat i means is built some skyscrapers, maybe 2 or 3 beside Komtar..that is enough..then...no more skyscrapers is allow to be built in the downtown...By building a few skyscrapers beside Komtar, it will make the Penang skyline look more beautiful, and more well organise:)

the site of Times Square is the last large piece of land in George Town. so, i'm quite dissappointed there is no companion for KOMTAR. IMO, the Times Square site will be a nice place to build some tall towers to balance up the skyline coz it is not too near KOMTAR.

about the rest of George Town, there's still lots of restoration works to be done;)

Pablo
March 5th, 2005, 03:14 PM
the site of Times Square is the last large piece of land in George Town. so, i'm quite dissappointed there is no companion for KOMTAR. IMO, the Times Square site will be a nice place to build some tall towers to balance up the skyline coz it is not too near KOMTAR.

about the rest of George Town, there's still lots of restoration works to be done;)

Actually they still can built something tall at Sia Bui market land... Make it like The Avenue K in Kl is the best:D...

TYW
March 7th, 2005, 04:57 AM
Actually they still can built something tall at Sia Bui market land... Make it like The Avenue K in Kl is the best:D...

wah! another shopping mall?? Penang is not like KL ok.....:D

Pablo
March 7th, 2005, 08:52 AM
wah! another shopping mall?? Penang is not like KL ok.....:D

Wat i means is the concept of Avenue K...on top is high-rises, while below is shopping center or others :bash:

TYW
March 7th, 2005, 10:45 AM
Wat i means is the concept of Avenue K...on top is high-rises, while below is shopping center or others :bash:

oh, ic....

i don't know what's suitable for that place. shopping mall, there are too many. office, there are too many as well. residential, at that kind of location, kinda weird.....

Pablo
March 7th, 2005, 03:15 PM
oh, ic....

i don't know what's suitable for that place. shopping mall, there are too many. office, there are too many as well. residential, at that kind of location, kinda weird.....

Hotel...and below is KTM sation...and maybe some souvenier shops..hehehhehe:D

baqthier
March 7th, 2005, 05:55 PM
http://www.penangtimessquare.com/images/phase_2_04.gif

Nice design. It looks calm. But too wide..not really skyline material

TYW
March 8th, 2005, 04:17 AM
http://www.penangtimessquare.com/images/phase_2_04.gif

Nice design. It looks calm. But too wide..not really skyline material

yea.....looks very las vegas:D

TYW
June 25th, 2005, 02:39 PM
Friday June 24, 2005

It’s just a spotlight, not a UFO

A POWERFUL spotlight which cast a moving bright spot in the night sky had created a stir among some Penangites who thought they had seen a UFO (Unidentified Flying Object).

For at least three times since early this month, the spotlight had been switched on for several hours at the former site of Escoy Smelting in Jalan Datuk Keramat, earmarked for the development of the RM450mil Penang Times Square.

Ivory Properties Group general manager and director Chok Keng Vui said the company purchased the RM15,000 motorised spotlight from Hong Kong to “brighten up the night sky” in George Town.

“As Penang is quite dead at night, we are doing this as part of our contribution to introduce some excitement,” he said.

Chok said the display was aimed at build- ing up the momentum to coincide with the progress of the mixed-development pro- ject, with construction slated to start by year-end.

http://thestar.com.my/archives/2005/6/24/north/ufo.jpg
This photo taken from Greenlane Heights shows the light beam coming from the Times Square project site near Komtar, casting a moving spot of light in the sky which is mistaken by some as UFO.

“We are testing the spotlight as part of our pioneer project and Penangites can expect more coordinated visual performances to come soon,” he said.

He added that when the moving light passed on low-lying clouds, mist or the fog, it might appear like a floating object in the sky.

Since last week until Tuesday, callers from Tanjung Tokong, Tanjung Bungah, Bayan Lepas and the mainland in Sungai Puyu, Permatang Pauh and Bukit Mertajam telephoned The Star claiming they had seen UFOs.

TYW
June 25th, 2005, 02:40 PM
i saw the light from my house 2 times, but didn't go out to take pics:(

SEED
June 27th, 2005, 09:46 AM
wish they will continue to turn that light beam on after they completed PTS.. hehe! anyway.. hows the place looks like now?? any activities?

TYW
July 1st, 2005, 04:59 PM
wish they will continue to turn that light beam on after they completed PTS.. hehe! anyway.. hows the place looks like now?? any activities?

it looks the same!! the 1st phase (Birch the Plaza) is supposed to start construction this year end.

the only thing completed there is the restoration of Birch House. (the sides look incomplete though...??)

SEED
July 1st, 2005, 08:20 PM
it looks the same!! the 1st phase (Birch the Plaza) is supposed to start construction this year end.

end ofda year.. that means the whole thing will take ages to complete.. :cry: ah well.. we never know.. they might start the construction next month! :hahano:

D_Y2k.2^
July 2nd, 2005, 03:39 AM
wau,this project is gonna make Penang look more alive.Just wonder when will it complete

TYW
July 2nd, 2005, 01:07 PM
if i haven't remembered wrongly, the entire project is supposed to be completed by 2010. since this is Penang, expect some delay :bash:

SEED
July 2nd, 2005, 07:13 PM
if i haven't remembered wrongly, the entire project is supposed to be completed by 2010. since this is Penang, expect some delay :bash:

well.. 5 years.. i dont think is that bad thou for a huge project like PTS.. yeh.. i think.. .. :cry: 5 tahun.. kau en liao lah(married) by the time it finish.. :cry:

TYW
July 8th, 2005, 05:08 PM
well.. 5 years.. i dont think is that bad thou for a huge project like PTS.. yeh.. i think.. .. :cry: 5 tahun.. kau en liao lah(married) by the time it finish.. :cry:

wah!! get married in PTS will be nice ;) try to consider :D:D

Pablo
July 9th, 2005, 10:31 AM
Don't worrry, there will be a hotel in PTS...u can married in the ballroom..then don't forget to invite us ya...

SEED
July 10th, 2005, 09:10 AM
^^ Errhmm.. i waz sayin by the time it finish we all 'Kau en liao lah' dint say anything bout havin a wedding there.. but good idea thou :naughty: TYW.. :naughty: j/k anyway.. hows the construction site? still no movement!?

Pablo
July 10th, 2005, 05:35 PM
^^ Errhmm.. i waz sayin by the time it finish we all 'Kau en liao lah' dint say anything bout havin a wedding there.. but good idea thou :naughty: TYW.. :naughty: j/k anyway.. hows the construction site? still no movement!?


The construction will only start end of this year. I hv confident on this compony, Ivory..i'm sure they will did a great job. :)

SEED
July 13th, 2005, 08:38 AM
The construction will only start end of this year. I hv confident on this compony, Ivory..i'm sure they will did a great job. :)

yup! agree! we'll just hav to sit back & relax eh! :okay: i like Ivory too.. Tj Park and the Uni place already a good example.. guess they r 'k :)

TYW
July 22nd, 2005, 04:25 PM
haven't seen the spotlight for quite some time already.... my friend said they took it off??

maybe they'll install it again when the project is completed??

Pablo
July 29th, 2005, 05:40 PM
RM2.5mil facelift for Birch House

By SIOW YUEN CHING

THE 97-year-old Birch House at Jalan Datuk Keramat in Penang is being given a new lease of life with a RM2.5mil conservation project.

Restoration work on the former tin smelting office, which has been converted into the headquarters of the Ivory Properties Group, began in August last year and is about 90% completed.

“We are still waiting for the Penang Municipal Council's approval to restore the facade of the building,” the group's general manager Chok Keng Vui said.

He said restoration of the facade and landscaping work would take about three months to complete after approval was granted.

Ivory Properties, which is developing the surrounding site for the prestigious Penang Times Square project, moved into the two-storey building in March this year.


The twin staircase inside the Birch House in immaculate condition.
Chok said the original building structure was in “pretty good shape” although one of the corners was tilting slightly.

He said the electrical wires inside the building were replaced and concealed.

“We also removed the old air-conditioning system and replaced it with a modern centralised one,” he said in a recent interview.

Chok said the solid wood used for the door and window frames and staircases, as well as the wooden flooring of the upper level were maintained.

The ceiling height for the ground floor, however, has been reduced from the original 4.6m to 3.7m.

“We placed another ceiling to conceal the wiring and piping for the air-conditioning system. But we recreated the original cornice design at the sides of the new ceiling,” Chok explained.

He added that there was a long-term plan to relocate their office to another premises and turn the historical building into a tourist destination.

“In the mean time, we are dedicating a corner on the ground floor to showcase the history of Birch House and the tin-mining industry for the benefit of those who visit our office,” he said.

On the Penang Times Square project, Chok said construction work on Phase One was scheduled to start in November and completed in about three years.

Phase One comprises a 0.8ha open space and the 18-storey Birch The Plaza service suites and commercial units.

Penang Times Square will sit on the 5.3ha site of what was once the country’s second-largest tin smelting plant in Jalan Datuk Keramat – Escoy Smelting – which produced the world-famous Straits Refined Tin from 1898 until its closure in 1998.

nazrey
January 8th, 2006, 12:19 AM
Logo looks a bit tacky lar
http://www.penangtimessquare.com/images/PTS-Logo.gif

http://www.penangtimessquare.com/location.htm
Check out their site! Got the proposed monorail stops!

The logo has changed now
Official site (http://www.penangtimessquare.com/)

http://www.penangtimessquare.com/Picture/PTS-Logonew.gif

nazrey
January 8th, 2006, 12:23 AM
Online Brochure

http://www.penangtimessquare.com/Picture/brochure/PTS%20Commercial/Front_2.jpg

nazrey
January 8th, 2006, 12:23 AM
http://www.penangtimessquare.com/Picture/brochure/PTS%20Commercial/Front_1.jpg

jlshyang
January 8th, 2006, 05:53 AM
woohoo! Nazrey, thanks for posting the entire brochure. I wonder how's the progress of the contruction now.

TYW
January 8th, 2006, 09:16 AM
yay!! finally updated their site :D

don't know if the monorail alignment is correct. looks so weird....

Pablo
January 21st, 2006, 05:39 AM
The construstion of Birch The Plaza has started....i'm so glad to c that..yeah....;)

and, i love the new logo...But i think they will use the old logo as well

Pablo
January 21st, 2006, 05:46 AM
The phase 4 project looks like Bugis Junction in Sg;)

TYW
January 22nd, 2006, 11:48 AM
and, i love the new logo...But i think they will use the old logo as well

yeah, coz the new logo has the old logo in it ha ha.....

TYW
April 8th, 2006, 09:30 AM
Ivory Properties on land acquisition trail

November 16 2005

PENANG-BASED Ivory Properties Group, which is eyeing a listing on Bursa Malaysia Bhd’s main board, is on an acquisition trail to expand its landbank.

The company, whose RM700 million Penang Times Square project is being touted as an “urban village within a city”, is looking at acquiring land on Penang island, Seberang Prai and the Klang Valley, its general manager Chok Keng Vui said.

“The move is in line with positioning ourselves as a leader in the property and construction industries in South-East Asia,” he said in an interview in Penang.

Ivory’s current projects include the RM150 million Tanjung Park Condominium, the RM120 million University Place mixed-use development, the RM200 million Moonlight Bay and several other institutional and commercial developments.

So far, the ground floor commercial units of the Penang Times Square project, which is marketed locally and internationally, has been sold out in the first two phases.

The entire project, which sits on a 5.2 hectare (ha) plot of prime land along Jalan Datuk Keramat in George Town, used to house the country’s second largest tin smelter, Escoy.

Ivory Properties director Datuk Nazir Ariff said Phase 3, which will sit on 1.2ha, will include a five-star hotel, a 60,000 sq ft education and convention centre and a major retail player which will serve as anchor tenant.

“We are currently in negotiations with an international hotel chain which plans to set up a 500-room hotel here,” he said.

Nazir said Penang Times Square, which was designed as a tourist landmark along the lines of the “Times Square” projects in New York, Hong Kong and Shanghai, would be promoted as a location “where the city’s events unfold.”

“By being an address of one of the future monorails stations,” he added, “it will be just as accessible either by road or by rail in the near future.”

Nazir also said proposals for the project under Phase 4 included an arts colony and a museum of tin mining history and artefacts.

“This development,” he noted, “is set to witness the transformation of the country’s former second-biggest tin smelting plant into an anchor destination for tourists”.

nazrey
June 6th, 2006, 07:02 AM
http://img109.imageshack.us/img109/5599/42544pf.jpg

nazrey
June 6th, 2006, 07:05 AM
update regularly

http://www.penangtimessquare.com/Picture/status_of_construction/1.jpg

http://www.penangtimessquare.com/Picture/status_of_construction/3.jpg

http://www.penangtimessquare.com/Picture/status_of_construction/4.jpg

Pablo
June 8th, 2006, 04:11 PM
ooo...thanks for the pic...i can't c the progress when passing the PTS, they fenced up every corner...

shctaw
June 18th, 2006, 06:58 AM
Nazrey is very good with information. I salute you.

TYW
June 18th, 2006, 08:50 AM
WELCOME TO THE FORUM, shctaw

nazrey
June 25th, 2006, 06:22 AM
Hello penang times Square:hello: They r now renovating the office building of Ivory, can u c it..a white colour building just beside the empty place where the propose Time square will be built there.
http://img118.exs.cx/img118/1818/komtar39dm.jpg

by P Reddy

http://static.flickr.com/44/173237170_02eb1c6d87_b.jpg

TYW
July 1st, 2006, 06:01 AM
that's a very clear pic, nazrey! can see bukit jambul clearly!

great find :okay:

nazrey
September 6th, 2006, 04:37 AM
http://www.penangtimessquare.com/Picture/status_of_construction/2.jpg

Pablo
September 7th, 2006, 02:56 PM
they are starting to build 3rd floor...the construction is quite fast;)

Popoko
September 12th, 2006, 05:16 PM
http://img56.imageshack.us/img56/3430/sany0007lz6.jpg

TYW
September 23rd, 2006, 05:55 AM
great update, Popoko!!

it looks much much smaller than in the rendering...

Adam Tan
September 24th, 2006, 06:38 AM
just heard other forumer said that, the latest design will be look like:
http://i4.photobucket.com/albums/y139/protoeden2/holdingsDK.jpg
http://i4.photobucket.com/albums/y139/protoeden2/view010000.jpg
http://i4.photobucket.com/albums/y139/protoeden2/PTSP4.jpg

Source from protoeden

Magician
September 24th, 2006, 10:44 AM
this is very cool design... it suits penang as a historical city... I am more concerned about the monorail..
are they gonna build it?

cooltemper
September 25th, 2006, 07:13 AM
The design is impressive!

TYW
October 15th, 2006, 11:43 AM
cool! more details compared to the old one..

Pablo
October 18th, 2006, 03:11 PM
wow..impressive...it is truly suite to the historical environment in penang;)

TYW
October 21st, 2006, 06:38 AM
LATEST UPDATE from www.penangtimessquare.com

http://penangtimessquare.com/Picture/status_of_construction/1.jpg

http://penangtimessquare.com/Picture/status_of_construction/2.jpg

http://penangtimessquare.com/Picture/status_of_construction/3.jpg

http://penangtimessquare.com/Picture/status_of_construction/4.jpg

http://penangtimessquare.com/Picture/status_of_construction/5.jpg

http://penangtimessquare.com/Picture/status_of_construction/chart.gif

Pablo
October 24th, 2006, 02:50 AM
the update from the PTS website really show the construction progress clearly;)

pynshi91
November 11th, 2006, 04:37 PM
just love it:)

protoedenXD
December 9th, 2006, 06:18 PM
some construction pic...http://chinese.cari.com.my/myforum/images/smilies/tongue.gif

http://i4.photobucket.com/albums/y139/protoeden2/IMG012.jpg
http://i4.photobucket.com/albums/y139/protoeden2/IMG019.jpg

inside the future monorial link hallhttp://chinese.cari.com.my/myforum/images/smilies/lol.gif
http://i4.photobucket.com/albums/y139/protoeden2/IMG027A16.jpg

http://i4.photobucket.com/albums/y139/protoeden2/PTS_monorial.jpg

saw this renderings on newspaper recently

Adam Tan
December 10th, 2006, 09:48 AM
welcome protoeden, its good to see u here :D

Hope to see more pic from u o.....:P

glenj
December 10th, 2006, 03:01 PM
Sorry, not been following this thread in while, how many towers and how many storeys? Anything 40+?

protoedenXD
December 10th, 2006, 05:17 PM
heard my friend brother that work in ivory says they r gonna hav a twin towers that contain an office suites and service residence that maybe reach 50th floor...and then add the podium wif nine floor...that's about 60 la...reach komtar liao??

protoedenXD
December 10th, 2006, 05:20 PM
welcome protoeden, its good to see u here :D

Hope to see more pic from u o.....:P

haha...thanks for welcome,i always sneake around dato keramat road...actually hav interest to purchase a commercial unit in pts one,but no money...OTL

Adam Tan
December 10th, 2006, 09:16 PM
heard my friend brother that work in ivory says they r gonna hav a twin towers that contain an office suites and service residence that maybe reach 50th floor...and then add the podium wif nine floor...that's about 60 la...reach komtar liao??

really?? are you sure is in penang times square?

never heard about it wor....

protoedenXD
December 11th, 2006, 05:46 AM
really?? are you sure is in penang times square?

never heard about it wor....

maybe because of now just preliminary concept,actually i saw the renderings before,the office tower that exist now will be replace wif difference design, and on near the office tower will hav somethin similar to Hong Kong convention center...quite impressive...but because of privacy problem can't get the image...paiseh, maybe Ivory will release on press or somethin soon...i think

TYW
January 3rd, 2007, 02:01 PM
interesting info, protoedenXD!! i really hope it is true that there will be a 60 storey building since the one in Gurney Drive by Hunza is already scaled down to only 43 stories :(

here's a pic i found on the net. old rendering.

pic by John Brown
http://img384.imageshack.us/img384/5769/52498146penang5109ps253ut7.jpg

protoedenXD
January 15th, 2007, 06:26 PM
hehehe...latest 300:1 model pic i snap
http://img02.picoodle.com/img/img02/7/1/15/f_IMG026i_49f7m_2111e37d.jpg
http://img02.picoodle.com/img/img02/7/1/15/f_IMG028i_49f7m_fe8cc37e.jpg
http://img02.picoodle.com/img/img02/7/1/15/f_IMG027i_49f7m_72fd84eb.jpg
http://img02.picoodle.com/img/img02/7/1/15/f_IMG031i_49f7m_d5b4511a.jpg
http://img02.picoodle.com/img/img02/7/1/15/f_IMG032i_49f7m_79b400c6.jpg
http://img02.picoodle.com/img/img02/7/1/15/f_IMG029i_49f7m_d71b4306.jpg

Greg
January 15th, 2007, 07:18 PM
Great shot. :okay:
That tower looks very tall. :shocked:

ZaHiRnYa???
January 16th, 2007, 03:32 AM
nice shot

Adam Tan
January 16th, 2007, 04:53 AM
http://img02.picoodle.com/img/img02/7/1/15/f_IMG026i_49f7m_2111e37d.jpg

they really plan to bulid 50++storey??:banana:

ZaHiRnYa???
January 16th, 2007, 04:57 AM
what is the tall building anyway?

Adam Tan
January 16th, 2007, 05:29 AM
what is the tall building anyway?

the right hand building, birch plaza should be 18+ + podium 9 = 27+ storey

not very sure about overall plan, because their develop plan already change many time...:ohno:

ZaHiRnYa???
January 16th, 2007, 06:37 AM
how about the one next to plaza..the stand alone tall building one???

Popoko
January 16th, 2007, 07:12 AM
From what i gather it will be a hotel and
behind it is 2 office tower.

protoedenXD
January 16th, 2007, 06:11 PM
the right hand building, birch plaza should be 18+ + podium 9 = 27+ storey

not very sure about overall plan, because their develop plan already change many time...:ohno:

i think birch plaza is 21storey liao+9podium,
yeah~they change the plan bout thousand time...OTL
the hotel building actually link to phase 3 one,juz bcoze they
dun hav time to do it,i will post the ultimate full texture 100:1
model after chinese new year when it arrive~that one really rocks man!:nuts:

Adam Tan
January 16th, 2007, 06:37 PM
how about the one next to plaza..the stand alone tall building one???

ya like popoko said, it should be hotel unit.

we need to wait protoedenXD to post up some news only can comfirm :lol:

TYW
January 17th, 2007, 05:03 AM
wow wow wow!! i love you, protoedenXD!!! thanks so much!

i think the design is really weird. the top is so constrasting with the bottom. the twin towers look ok but the tallest one looks ugly...

hey, if those are built, Penang's top 10 tallest buildings (by floor count) will all be above 40 stories!!! :eek:

cooltemper
January 19th, 2007, 06:23 AM
wow wow wow!! i love you, protoedenXD!!! thanks so much!

i think the design is really weird. the top is so constrasting with the bottom. the twin towers look ok but the tallest one looks ugly...

hey, if those are built, Penang's top 10 tallest buildings (by floor count) will all be above 40 stories!!! :eek:

Can you listed which is the top 10 taller building in PG?

Adam Tan
January 19th, 2007, 01:18 PM
i think birch plaza is 21storey liao+9podium,
yeah~they change the plan bout thousand time...OTL
the hotel building actually link to phase 3 one,juz bcoze they
dun hav time to do it,i will post the ultimate full texture 100:1
model after chinese new year when it arrive~that one really rocks man!:nuts:

i waiting for your good news :cheers:

TYW
January 19th, 2007, 02:43 PM
Can you listed which is the top 10 taller building in PG?

this is how it looks like right now (floor count):

1. KOMTAR Tower 65 stories
2. The Cove 42 stories (topped out)
3. The Cove 41 stories (topped out)
4. The Cove 41 stories (topped out)
5. The Cove 41 stories (topped out)
6. Gurney Park 40 stories
7. Gurney Park 40 stories
8. Gurney Beach Resort 40 stories
9. Northam Hotel 38 stories
10. Gurney Hotel 37 stories

and this is what it will look like:

1. KOMTAR Tower 65 stories
2. Times Square (hotel) 50+ ??
3. Times Square (office) 50+ ??
4. Times Square (office) 50+ ??
5. Gurney Drive Residential (by Hunza) 43 stories
6. Gurney Drive Residential (by Hunza) 43 stories
7. The Cove 42 stories
8. The Cove 41 stories
9. The Cove 41 stories
10. The Cove 41 stories

cooltemper
January 20th, 2007, 05:35 AM
thank you very much for the info...

Penang need to get more high buildings...

TYW
January 20th, 2007, 10:39 AM
thank you very much for the info...

Penang need to get more high buildings...

no problem yo....

yeap, Penang need something like Eureka or Q1. better yet the tallest residential in the world ha ha.....

TYW
January 20th, 2007, 10:56 AM
updates from http://www.penangtimessquare.com/

http://www.penangtimessquare.com/Picture/status_of_construction/1.jpg

http://www.penangtimessquare.com/Picture/status_of_construction/2.jpg

http://www.penangtimessquare.com/Picture/status_of_construction/3.jpg

http://www.penangtimessquare.com/Picture/status_of_construction/4.jpg

http://www.penangtimessquare.com/Picture/status_of_construction/5.jpg

TYW
January 20th, 2007, 11:34 AM
some more pics from www.ivory.com.my
quite old actually...

http://img291.imageshack.us/img291/3127/clip1ql.jpg

http://img264.imageshack.us/img264/9158/clip25vc.jpg

http://img259.imageshack.us/img259/6238/clip31gh.jpg

http://img266.imageshack.us/img266/5461/clip47xb.jpg

Lastresorter
January 21st, 2007, 05:08 AM
^^ WOW... :eek:

Pablo
January 21st, 2007, 03:15 PM
i really like the podium...it look so grand.

protoedenXD
January 22nd, 2007, 02:49 PM
huhhuh...more private pic...only from mehttp://chinese.cari.com.my/myforum/images/smilies/shy.gif

http://chinese.cari.com.my/myforum/images/smilies/lol.gifshop front
http://img02.picoodle.com/img/img02/7/1/22/f_shopfronti_9ad6m_d46a922.jpg
http://img02.picoodle.com/img/img02/7/1/22/f_compnewAli_9ad6m_6e4a3b6.jpg

TYW
January 22nd, 2007, 03:34 PM
the shops look so cool!! looks like those street malls in Europe :eek:

ei?? how come the hotel and offices become so short in that pic??

Adam Tan
January 22nd, 2007, 06:34 PM
more pic pls :D

protoedenXD
January 23rd, 2007, 03:17 AM
the shops look so cool!! looks like those street malls in Europe :eek:

ei?? how come the hotel and offices become so short in that pic??

arhaha~paiseh...that renderings a bit outdate liao

TYW
February 16th, 2007, 04:28 PM
February Update

http://www.penangtimessquare.com/Picture/status_of_construction/chart.jpg

http://www.penangtimessquare.com/Picture/status_of_construction/1.jpg

http://www.penangtimessquare.com/Picture/status_of_construction/2.jpg

http://www.penangtimessquare.com/Picture/status_of_construction/3.jpg

http://www.penangtimessquare.com/Picture/status_of_construction/4.jpg

http://www.penangtimessquare.com/Picture/status_of_construction/5.jpg

TYW
February 16th, 2007, 04:30 PM
^^ err... the same pics u guys see up there is because the website recycles the URLs, so it seems to update itself

BTW, Mr. / Mrs. moderators can you remove the and EAST WEST TOWER & MALL from the title? coz it will not be built anymore

TYW
May 5th, 2007, 06:43 AM
some pics by Magician from Suntec City

http://img524.imageshack.us/img524/3586/dsc00755dr2.jpg

http://img186.imageshack.us/img186/435/dsc00757cz5.jpg

http://img501.imageshack.us/img501/4765/dsc00758lg3.jpg

TYW
May 5th, 2007, 06:45 AM
http://img171.imageshack.us/img171/3539/dsc00759os5.jpg

http://img504.imageshack.us/img504/7954/dsc00760me9.jpg

http://img522.imageshack.us/img522/6931/dsc00761rn8.jpg

TYW
May 5th, 2007, 06:46 AM
...and a bonus pic

http://img464.imageshack.us/img464/1249/dsc00753fo4.jpg

Nissan_FUGA
May 5th, 2007, 06:59 AM
some pics by Magician from Suntec City

http://img186.imageshack.us/img186/435/dsc00757cz5.jpg



Wow, i like it! The taller building, is it for office tower + hotel? Does the height reach 50 to 60 storeys?

TYW
May 5th, 2007, 07:01 AM
Wow, i like it! The taller building, is it for office tower + hotel? Does the height reach 50 to 60 storeys?

the taller one is a hotel, the shorter twins are offices.

according to protoedenXD, it might reach 50+ stories. but by looking at the model, it looks like 40+ only :(

Nissan_FUGA
May 5th, 2007, 07:05 AM
I want those building to be at least 150 metres or more to complete our lonely KOMTAR! Any news on the anchor tenants of the mall?

TYW
May 5th, 2007, 07:13 AM
I want those building to be at least 150 metres or more to complete our lonely KOMTAR! Any news on the anchor tenants of the mall?

KOMTAR looks lonely coz of it's lousy location, if it is near Gurney Drive, it will not be lonely, and it will not spoil the image of the heritage area of George Town.

so far, i've not heard of any news about the anchor tenants...

glenj
May 5th, 2007, 08:49 AM
The Ivory website doesn't seem to carry impressions of the office and hotel. The hotel design in the model looks phallic!

TYW
May 5th, 2007, 04:44 PM
The Ivory website doesn't seem to carry impressions of the office and hotel. The hotel design in the model looks phallic!

the office and hotel are the 3rd and 4th phase respectively. Ivory hasn't officially announce what they are having there yet. what you just saw can be considered "latest news" :D

about the design, i only love the podium. the buildings above it don't seem to blend well with the podium. however, overall, i think it is ok for Penang standards. besides, it is the most exciting project in Penang ever!

TYW
June 19th, 2007, 07:20 AM
update by forever consern

http://i4.photobucket.com/albums/y150/forever_consern/DSC00427.jpg
http://i4.photobucket.com/albums/y150/forever_consern/DSC00426.jpg
http://i4.photobucket.com/albums/y150/forever_consern/DSC00425-1.jpg
http://i4.photobucket.com/albums/y150/forever_consern/DSC00424.jpg
http://i4.photobucket.com/albums/y150/forever_consern/DSC00423.jpg
http://i4.photobucket.com/albums/y150/forever_consern/DSC00422.jpg

Penang Times Square
Developer: Ivory Properties
Main Contractor:Ivory & Associate
Location: Datuk Keramat

TYW
June 19th, 2007, 07:23 AM
check out their updated website!!

www.penangtimessquare.com

Arkdriver
June 19th, 2007, 07:43 AM
another lifestyle mall for Penang. :)

GaryinSydney
June 19th, 2007, 07:59 AM
Any idea when the mall will be opening? :banana:

TYW
June 19th, 2007, 10:09 AM
Any idea when the mall will be opening? :banana:

according to their website, phase one will be completed next year and phase 2 2011

http://www.ivory.com.my/penangtimessquare.htm

SEED
June 19th, 2007, 05:40 PM
i dont like the location.. and i dont really like Ivory these days..

proud_penangite
June 19th, 2007, 06:55 PM
hi there! im new here. been reading all those forums about penang!
just wondering, is the shopping mall is bigger than queensbay mall?

OshHisham
June 20th, 2007, 01:25 AM
Any idea when the mall will be opening? :banana:

GARY - the mall maniac! :lol:

GaryinSydney
June 20th, 2007, 01:29 AM
:righton: Yeah, that's a fair comment!

TYW
June 20th, 2007, 07:21 AM
hi there! im new here. been reading all those forums about penang!
just wondering, is the shopping mall is bigger than queensbay mall?

welcome to the forums, proud_penangite!!

to answer your question, no, it will not be larger than queensbay mall. AEON Central mall in Bandar Perda might!!

TYW
June 20th, 2007, 07:27 AM
i dont like the location.. and i dont really like Ivory these days..

if KOMTAR was not built there, i'll dislike the location too. but since KOMTAR is already there, i think it makes no difference. it kinda complements KOMTAR.

forever consern
June 20th, 2007, 02:25 PM
another lifestyle mall for Penang. :)

as many people had suggested that Penang Island been compacted by shopping mall...

forever consern
June 20th, 2007, 02:29 PM
the KOMTAR phase 3 will be started very soon..

the developer is not PDC, is the joint-venture project between Lion Group & Belleview Group

All the consultant have been elected, except tendering work in progress to select the main contractor (rumour is the contractor of suntech penang)

that will be another big project in town area

any clarification regarding this phase 3 project

proud_penangite
June 20th, 2007, 10:02 PM
Thanks TYW!
hmm just wondering?
how much square feet is the penang times square mall?
and who will be its anchor tenant?

jlshyang
June 21st, 2007, 07:16 PM
the KOMTAR phase 3 will be started very soon..

the developer is not PDC, is Belleview Group (the Boss namely Sunny Ho)

All the consultant have been elected, except tendering work in progress to select the main contractor (rumour is the contractor of suntech penang)

that will be another big project in town area

any clarification regarding this phase 3 project

KOMTAR phase 3? They should just refurbish the whole KOMTAR la. which land? the open car park next to Prangin Mall?

Arkdriver
June 21st, 2007, 08:01 PM
for me, turn KOMTAR into IT mall like Low Yat since Penang doesnt have one. Or brave enough turn in into a college. Convert shop units into lecture and tutorial class.

stop wasting money into refurbishing it because the reality is no matter how pretty the interior is KOMTAR lacks appeal. People will prefer Queensbay or Gurney or the worst Prangin.

Doing the same thing (refurbishing KOMTAR) with hope it will attract crowd with weak anchor tenant mix is just stupid. Who do you think will bold enough to lease a space there knowing that they will get a better place and deal at Times Square just a stone's throw away.

cooltemper
June 22nd, 2007, 02:49 AM
Except for the height Komtar offer, there was nothing much there.

jlshyang
June 22nd, 2007, 07:10 PM
for me, turn KOMTAR into IT mall like Low Yat since Penang doesnt have one. Or brave enough turn in into a college. Convert shop units into lecture and tutorial class.

stop wasting money into refurbishing it because the reality is no matter how pretty the interior is KOMTAR lacks appeal. People will prefer Queensbay or Gurney or the worst Prangin.

Doing the same thing (refurbishing KOMTAR) with hope it will attract crowd with weak anchor tenant mix is just stupid. Who do you think will bold enough to lease a space there knowing that they will get a better place and deal at Times Square just a stone's throw away.

what i meant by refurbishing is not the shopping space but the entire interior of KOMTAR. There's no need to spend extravagantly to make it look superbly impressive, they just need to make it more presentable put the floors to better use - The IT mall is a good idea. Even Melaka have its own digital mall.

forever consern
June 23rd, 2007, 02:49 PM
KOMTAR phase 3? They should just refurbish the whole KOMTAR la. which land? the open car park next to Prangin Mall?


yes, is true, the car park will be the next project coming up

dont u notice there is a project signboard been erected there ?

Pablo
June 23rd, 2007, 03:32 PM
yes, is true, the car park will be the next project coming up

dont u notice there is a project signboard been erected there ?

I c the signboard but cant c the words :D:D..

Pablo
June 23rd, 2007, 03:35 PM
actually Penang has a IT Mall...it is inside Taman Lip Sin, Pan Palace Plaza which is just completed a few months ago ( they say wanna turn it as a IT mall ), but dunno how true it is :D:D

jlshyang
June 23rd, 2007, 07:29 PM
yes, is true, the car park will be the next project coming up

dont u notice there is a project signboard been erected there ?

I've not gone down to town for quite some time. I was in KL most of the time.

jlshyang
June 23rd, 2007, 07:31 PM
actually Penang has a IT Mall...it is inside Taman Lip Sin, Pan Palace Plaza which is just completed a few months ago ( they say wanna turn it as a IT mall ), but dunno how true it is :D:D

how come it took them so long to obtain the O.C? The location is rather weird for an IT Mall, hehe. Way out of town.

Pablo
June 24th, 2007, 01:25 AM
how come it took them so long to obtain the O.C? The location is rather weird for an IT Mall, hehe. Way out of town.

yalo the OC still havent obtained..the location is weird..i think it is quite hidden..but i dont think u can say it is way out of town lo..around the area we have so many malls, Queensbay, BJ complex, Tesco Extra, Giant and Sunshine Square...that area has become a very busy business district :)

forever consern
June 24th, 2007, 05:52 AM
I c the signboard but cant c the words :D:D..


http://i4.photobucket.com/albums/y150/forever_consern/DSC00421.jpg

The Developer is Belleview Group (Lion Mutiara Parade), all the consultant have been elected, except the Contractor

This should be another giant project in Georgetown, coming very soon

Arkdriver
June 24th, 2007, 06:17 AM
why dont they just build grade A office building there? You can generate patronage for KOMTAR and Prangin. Also help business around magazine road. And also help bringing back corporate life to Georgetown city center.

My opinion.

TYW
June 24th, 2007, 11:32 AM
WHAT??? pusat membeli belah again??

Adam Tan
June 24th, 2007, 12:41 PM
another shopping mall......

just like sangyong said, why they dun wan turn it to other, maybe office or condo...

forever consern
June 24th, 2007, 01:56 PM
why dont they just build grade A office building there? You can generate patronage for KOMTAR and Prangin. Also help business around magazine road. And also help bringing back corporate life to Georgetown city center.

My opinion.

high-tech office building got one in Bayan Baru (just behind Sunshine Square)
, by Emerald Capital Group, the Suntech, under construction

forever consern
June 24th, 2007, 02:00 PM
WHAT??? pusat membeli belah again??

Yes, is Pusat membeli-belah again

another up-coming shopping mall after Times Square

cant imagine the crowd in Georgetown in years to come

triple-j
June 24th, 2007, 02:36 PM
http://i4.photobucket.com/albums/y150/forever_consern/DSC00421.jpg

The Developer is Belleview Group (Lion Mutiara Parade), all the consultant have been elected, except the Contractor

This should be another giant project in Georgetown, coming very soon

^^ he he he PUSAT 'ASMUSEMENT'....that is pretty amusing to me:lol:

Pablo
June 24th, 2007, 04:35 PM
i dont think an office building is suitable as we have too many office lot left in penang...i would prefer a shopping mall but more to the entertainment like bowling alley, cinema and proper classy restaurant...i believe this will attract more ppl than open more shops selling cloth and bla blah blah...

Magician
June 25th, 2007, 02:46 AM
So kinda lost... but this building will be in which area?

forever consern
June 25th, 2007, 02:09 PM
Penang island is such a small area, but seems like shopping mall is non-stop mushrooming all around the island..

TYW
June 26th, 2007, 10:54 AM
So kinda lost... but this building will be in which area?

between Prangin Mall and Magazine Road ;)

TYW
June 26th, 2007, 11:01 AM
i dont think an office building is suitable as we have too many office lot left in penang...i would prefer a shopping mall but more to the entertainment like bowling alley, cinema and proper classy restaurant...i believe this will attract more ppl than open more shops selling cloth and bla blah blah...

yeah! a mall focused more on entertainment will be better and more unique to the area. however, judging from the description on the hoarding, i the amusement park seems to be another cheap, ah beng kind of park.

well, i hope i'm wrong...

wmkp
June 26th, 2007, 04:58 PM
Can inner George Town sustain another mall?Times Square and Prangin Mall are jst side by side, the lot would be better utillsd as a transportation hub ala KL sentral with a bus n Monorail centre, it can contain shoplots n restaurants jst like KL sentral. So we really need another mall ? 3 big malls within a radius of 1km from each other?

triple-j
June 26th, 2007, 06:18 PM
not for this thread only but how about car park building? It doesn't necessary to be bland and boring. Found out some interesting car park buildings. KL may need this too especially at those lrt or commuter car parks that are always pack every morning and within city itself...

Market St. Car Park Singapore

Market Street Car Park (“MSCP”) is currently undergoing asset enhancement work. Upon completion in September 2006, the revitalised building will feature new F&B and service outlets to complement its existing car park facility.


http://www.cct.com.sg/desktop/cctintouch/mar06/images/page2_building1.jpg

Copenhagen Airport parking facility - Building PR from KHR Feb07:

Copenhagen Airport’s parking facilities are designed as high tech houses with transparent fronts. The transparency of the structure and the view of the sky places the pending flight in the car park and lets the journey begin right there.

http://*************************/copenhagen/jpgs/airport_parking_91_il02.jpg
http://*************************/copenhagen/jpgs/airport_parking_91_il01.jpg

Waterloo Street Car Park MCM Architects: Design Statement

The refurbishment of Waterloo Street Car Park in central Glasgow provides the opportunity to enrich the existing urban grain of the city and to reinforce the presence of an established corner site property.

http://www.glasgowarchitecture.co.uk/jpgs/waterloo_street_car_park.jpg
http://www.glasgowarchitecture.co.uk/jpgs/waterloo_street_q_park.jpg

just my opinion. it may not solve our traffic jam problem but we have more car park spaces with awesome design:)

Arkdriver
June 26th, 2007, 06:27 PM
agree. but i will doubt if they will ever build a nice one. the site is better to be utilise as a mall or transport hub.

TYW
June 27th, 2007, 03:39 PM
even the classiest shopping malls in Penang doesn't have such nice design. so, a nice parking building like that will not be built here even in another 50 years

Magician
June 29th, 2007, 02:50 AM
between Prangin Mall and Magazine Road ;)

Yeah... so happy to know that finally they gonna building something on that piece of land...

hang on... is it the one now being used as the open air carpark? or the one next to Komtar which was suppose to be MetroJaya?

Anyway, either one is fine!!

nazrey
July 31st, 2007, 07:37 AM
PENANG TIMES SQUARE (http://www.penangtimessquare.com/)
BIRCH THE PLAZA
- Commercial
- Residential

http://img35.picoodle.com/img/img35/9/7/31/f_27m_7da6a6b.jpg

BIRCH REGENCY
- Commercial
- Residential

http://img38.picoodle.com/img/img38/9/7/31/f_28m_39a6c0a.jpg

Phase 3
- Commercial
- Cineplex
- Exhibition
- Office
- Serviced-Resident

http://img01.picoodle.com/img/img01/9/7/31/f_29m_d27e375.jpg

Phase 4
- Hotel

http://img31.picoodle.com/img/img31/9/7/31/f_30m_65183c1.jpg

nazrey
September 6th, 2007, 08:27 AM
New shopping complex for Penangites next year
Wednesday September 5, 2007
By JEREMY TAN


PENANGITES can look forward to a new shopping complex next yearwhen Phase 1 of Penang Times Square is completed.

Birch the Plaza under Phase 1 comprises a four-storey shopping mall boasting over 300 outlets of dining, retail and service outlets. A further three phases are scheduled for completion by 2012.

The RM450mil project, launched in 2004, is located less than 500m from Komtar, sitting on a 5.3ha site that was once a tin smelting plant.

Ivory Properties Group general manager Chok Keng Vui said Times Square was the most ambitious project the group had undertaken.

He was speaking at the official launching of Birch House, a century old building erected in colonial times, which is now the corporate head office of Ivory Group.

The new office, adjacent to the site of Times Square, was officially launched by Yang di-Pertua Negri Tun Haji Abdul Rahman Abbas yesterday.

Over the last two years, Birch House had undergone a RM2.5mil restoration lasting two years and now returned to its former grandeur.

On another of Ivory’s projects, Moonlight Bay, Chok said over 70% of the units had already been sold.

“We hope to complete the project in three years time,” he said.

Moonlight Bay is a prestigious 6ha gated residential project, with 70 villas overlooking the sea drawing on a unique southern European hillside village concept.

glenj
September 7th, 2007, 10:50 AM
I hope whatever construction of the towers that's underway right now is high enough to be visible in the Georgetown skyline when viewed from the ferry... :D

forever consern
September 8th, 2007, 03:56 PM
actually Times Square condo and hotel should go for higher, may be 40++ storey...

anyway, it is such an ambitious project, and everybody in penang island looking for it

SEED
September 8th, 2007, 04:50 PM
yeh.. i hope its not 好看不好吃.. im kinda lookin forward to it too..

protoedenXD
September 9th, 2007, 06:15 AM
times square rocks at nite:banana:

http://www.4freeimagehost.com/uploads/23cae2c79a33.jpg

protoedenXD
September 9th, 2007, 06:15 AM
actually Times Square condo and hotel should go for higher, may be 40++ storey...

anyway, it is such an ambitious project, and everybody in penang island looking for it

ya hor,more slim nicer...:lol:

protoedenXD
September 9th, 2007, 06:20 AM
actually Times Square condo and hotel should go for higher, may be 40++ storey...

anyway, it is such an ambitious project, and everybody in penang island looking for it

ya hor,more slim nicer...:lol:

http://img33.picoodle.com/img/img33/9/8/23/f_compjan0724m_7ce3c12.jpg

forever consern
September 9th, 2007, 08:16 AM
http://i4.photobucket.com/albums/y150/forever_consern/DSC00229-1.jpg
http://i4.photobucket.com/albums/y150/forever_consern/DSC00228-1.jpg

from the design is very fantastic, hopefully it will be a realization in 2010

TWK90
September 18th, 2007, 04:58 AM
Source : http://biz.thestar.com.my/news/story.asp?file=/2007/9/18/business/18912445&sec=business

Harvey Norman plans second outlet in Penang

By Alex Teng

PENANG: Australian retail billionaire Gerry Harvey is keen to take full advantage of Penang's booming economy by opening a second Harvey Norman outlet in Penang Times Square, after the one at Queensbay Mall.

On his first visit to Penang last Saturday, the 68-year-old founder of the Harvey Norman group was convinced the “Silicon Valley” had substantial growth potential.

“I was told that under the Northern Corridor Economic Region (NCER) a lot of money would be invested here in the next five to 10 years with half of it going into infrastructure. That is very good news for the people of Penang.

“I find this place very interesting with a lot of activities going on. I think it’s moving in the right direction,” he said.

Harvey Norman is a retail chain that offers a wide range of products from electrical, computers and communications and small appliances to furniture and home improvement.

The first RM10mil Harvey Norman outlet, measuring some 70,000 sq ft, opened in Ikano Power Centre in Petaling Jaya four years ago while the second RM5mil 30,000 sq ft outlet in Mid Valley Megamall was launched last November.

The retailer plans to open another outlet each at Sunway Pyramid and Kuala Lumpur's The Pavilion later this year.

Harvey Norman Holdings Ltd also controls other prominent retail chains including Space Furniture which is located in Bangsar Baru, Kuala Lumpur.

Harvey Norman stores are also found in Australia, New Zealand, Slovenia, Ireland and Singapore.

“At Harvey Norman, we endeavour to provide the most current product innovations and advancements from the leading brands. We also strive to provide our customers with quality products and professional service, every day,” stressed Harvey who now sits atop an empire that generates more than A$6bil in annual sales from 200 stores worldwide.

In the next three to five years, the Sydney-based Harvey hoped to expand his business in Malaysia to about 20 outlets.

The first Harvey Norman store was started in 1961 by Harvey and his business partner Ian Norman.

The original store specialised in electrical goods and appliances. Its immediate success prompted Harvey and Norman to seek expansion of the business.

Pablo
September 18th, 2007, 11:07 AM
what is so good bout harvey norman? cos i feel that things that selling are quite normal, and is quite expensive.

forever consern
September 18th, 2007, 02:19 PM
cant imagine the crowd and traffic jam problem around Georgetown once Penang Times Square is open, furthermore another shopping mall is coming up later on, next to Prangin Mall, The MUTIARA PARADE

Arkdriver
September 18th, 2007, 06:16 PM
You mean the temporary car park? Next to traders georgetown? I would say once the monorail project is completed and rapid penang bus found their tune in running the service, traffic jam (hopefully) wont be a problem there. I would like to see the area turning into another bukit bintang tourist and shopping belt

forever consern
September 19th, 2007, 04:42 PM
Yes, now the proposed project is exactly the car park

The mall name is Mutiara Parade, tendering negotiation is going on, once the contractor been selected, than works will commence

adamcwy
September 20th, 2007, 07:39 AM
what is so good bout harvey norman? cos i feel that things that selling are quite normal, and is quite expensive.

True... sometimes I reckon the price tag is a lil’ too much.

Cheers,
adamcwy

OshHisham
September 20th, 2007, 08:24 AM
well...it's a foreign brand. so for malaysian it's very very speeeeeeecial lor! got money or not they don't care...most important can show off to their neighbors...:lol:

SEED
September 21st, 2007, 05:26 PM
i dont think Harvey Norman is that special.. just a very normal electrical appliance shop.. wit a heavy price tag! :lol:

nazrey
January 8th, 2008, 05:32 PM
by nazrimashor

http://farm3.static.flickr.com/2336/1722181374_b5695828b6_o.jpg

rizalhakim
January 15th, 2008, 09:16 AM
Birch Regency @ Penang Times Square

http://bp2.blogger.com/_jnitJsnrRX4/R4snae349LI/AAAAAAAABk4/z_pBD345ucE/s320/Birch+Regency.jpg

Birch Regency Condominium at Penang Times Square is poised to become the new urban centre for Penang's residents. The mixed development will become the cornerstone of its efforts to venture into the tourism-related commercial property development market. The entire Penang Times Square, includes 800 units of residential units, commercial spaces, exhibition centre, hotel and office blocks, and a two-acre urban open square modelled after the vibrant and activity-filled European town squares.

Perfectly located along Jalan Dato Keramat, with Jalan Kampung Jawa Baru as the future link to Jelutong Expressway, Birch Regency at Penang Times Square has one of the most exclusive addresses in the heart of Georgetown. Being an address of one of the future monorail station, it will be just as accessible either by road or rail in the near future. This inevitably makes Birch Regency Condominium the perfect location in Georgetown's city centre.

Location : Georgetown
Type : Condominium
Tenure : Freehold
Completion : Scheduled to complete 2009
No. of Blocks : 1
No. of Storeys : 21
Total Units : 340 Typical units and 18 Penthouse units
Units per Floor : 18
Built-up Area : approx. 950 - 1,180 sq.ft.
Developer : Ivory Properties Group

Facilities
Swimming Pool, Children’s Pool, Outdoor Jacuzzi with Bubble Jets, Children’s Playground, Jogging Track, Barbeque Pits with Washing Area, Foot Reflexology Path, Landscaped Garden with Water Features, Clubhouse, Multi-pupose Hall, Gymnasium, Games Room, Management Office, Sauna Rooms, Male and Female Changing Rooms, 1 car park lot with every unit.

http://bp2.blogger.com/_jnitJsnrRX4/R4sqYe349UI/AAAAAAAABmA/zTN-VR4dTfc/s400/penangtimessquare+(location).jpg

rizalhakim
February 2nd, 2008, 09:10 AM
Ivory earmarks RM70m to revive Fettes Villa project
By Marina Emmanuel Published: 2008/02/02


Ivory Properties, the developer of the RM1 billion Penang Times Square, is now working on the concept of the project which has a gross development value of RM247 million


PENANG-based Ivory Properties Group - which is eyeing a listing on Bursa Malaysia's main board by the end of this year - is targetting to revive the abandoned "Fettes Villa" project on the island in three years.

The company's managing director Datuk Low Eng Hock yesterday said the company has earmarked between RM60 million and RM70 million to revive the project, although this does not include construction costs.

"We are now working on the project concept and only then will be able to finalise construction costs," he said.

He was speaking to reporters after a signing ceremony between Ivory's subsidiary, Ivory Villas Sdn Bhd; Malaysia Building Society Bhd (MBSB), the project's financier; and Gewaris Sdn Bhd (the project's former developer which is in liquidation).

Present were Chief Minister Tan Sri Dr Koh Tsu Koon, MBSB chairman Tan Sri Abdul Halim Ali and Ivory's executive director Datuk Nazir Ariff Mushir Ariff.

With a gross development value of RM247 million, Nazir said the project will comprise three 38-storey towers and 30 commercial lots on 5.4ha of land.

The project, which started in 1995 and scheduled for completion in 1997, was stalled in 1996 and affected 582 buyers.

It comprised about 900 condominium units, low-medium cost (LMC) apartments and 20 shoplots.

However, only about 210 condominium units and 358 LMC apartment units were sold while all the shoplots have been sold out.

The LMC and shophouse units are about 10 per cent completed while work on the condominium units has yet to start.

Ivory Properties is the developer of the RM1 billion Penang Times Square integrated development in the heart of George Town.

Nazir said the proposed project for which its first and second phases are expected to be completed by the end of 2008 and 2009 respectively, will include among others, a five-star hotel, retail shoplots and monorail connectivity.

"We are eyeing a ready catchment market of 446,000 people within George Town and 1.39 million within Penang," he added.

SansFrontieres
February 2nd, 2008, 09:41 AM
^^ Great!! But... where is this Fettes Villa? m))

nazrey
February 2nd, 2008, 10:53 AM
by mattviews

http://farm3.static.flickr.com/2281/2233645314_190232d9d0_b.jpg

http://farm3.static.flickr.com/2360/2232857667_39dd2f69f8_b.jpg

protoedenXD
February 9th, 2008, 07:29 PM
update

http://img02.picoodle.com/img/img02/4/2/9/f_DSC05371m_b2a227c.jpg

http://img27.picoodle.com/img/img27/4/2/9/f_DSC05493m_ff8de21.jpg

proud_penangite
February 9th, 2008, 08:26 PM
how many square feet huh this mall?
does anyone knows?

globocentric
February 9th, 2008, 08:32 PM
Ivory earmarks RM70m to revive Fettes Villa project
By Marina Emmanuel Published: 2008/02/02


Ivory Properties, the developer of the RM1 billion Penang Times Square, is now working on the concept of the project which has a gross development value of RM247 million


PENANG-based Ivory Properties Group - which is eyeing a listing on Bursa Malaysia's main board by the end of this year - is targetting to revive the abandoned "Fettes Villa" project on the island in three years.

The company's managing director Datuk Low Eng Hock yesterday said the company has earmarked between RM60 million and RM70 million to revive the project, although this does not include construction costs.

"We are now working on the project concept and only then will be able to finalise construction costs," he said.

He was speaking to reporters after a signing ceremony between Ivory's subsidiary, Ivory Villas Sdn Bhd; Malaysia Building Society Bhd (MBSB), the project's financier; and Gewaris Sdn Bhd (the project's former developer which is in liquidation).

Present were Chief Minister Tan Sri Dr Koh Tsu Koon, MBSB chairman Tan Sri Abdul Halim Ali and Ivory's executive director Datuk Nazir Ariff Mushir Ariff.

With a gross development value of RM247 million, Nazir said the project will comprise three 38-storey towers and 30 commercial lots on 5.4ha of land.

The project, which started in 1995 and scheduled for completion in 1997, was stalled in 1996 and affected 582 buyers.

It comprised about 900 condominium units, low-medium cost (LMC) apartments and 20 shoplots.

However, only about 210 condominium units and 358 LMC apartment units were sold while all the shoplots have been sold out.

The LMC and shophouse units are about 10 per cent completed while work on the condominium units has yet to start.

Ivory Properties is the developer of the RM1 billion Penang Times Square integrated development in the heart of George Town.

Nazir said the proposed project for which its first and second phases are expected to be completed by the end of 2008 and 2009 respectively, will include among others, a five-star hotel, retail shoplots and monorail connectivity.

"We are eyeing a ready catchment market of 446,000 people within George Town and 1.39 million within Penang," he added.

For those who are interested in subscribing to their Initial Public Offering (IPO), i will advised against it because this company is heavily in debt and they are using the KLSE listing to bail them out. I personally know a contractor who has yet to receive hundreds of thousands in payments after a few years. This company is a scam in various ways and has fabricated many things.

forever consern
February 10th, 2008, 01:18 PM
Penang Times Square is one of the most ambitious project in island itself which everyone is waiting for

cooltemper
February 11th, 2008, 06:48 AM
i will probably buy their share.
They have the same capability like Hunza, and Hunza Proteperty is around RM2.55 now.

SEED
February 11th, 2008, 11:49 AM
^^ yeh rite.. .. .. ..

forever consern
February 11th, 2008, 01:46 PM
but lets hope that Ivory wont disappointed every one in island

globocentric
February 11th, 2008, 02:02 PM
double post

globocentric
February 11th, 2008, 02:02 PM
Penang Times Square is one of the most ambitious project in island itself which everyone is waiting for

Ambitious yes. location attractive :doubtful. Viable no. Someone who has lived in Penang for quite some time will not fancy buying such a high end property in that location. Inner Georgetown has been regarded as a dilipidated slum since the repeal of the rent control act and affluent residents have moved to other areas such as Tanjung Tokong, Gurney Drive or Pulau tikus long time ago. Try walking down that section of Georgetown late at night and see how safe you feel.

globocentric
February 11th, 2008, 02:05 PM
Penang Times Square is one of the most ambitious project in island itself which everyone is waiting for

Ambitious yes so much so until they resorted to lying about their real sale figures. They are still selling The View in Gelugor more than five years after it's completion. Everyone was told that the project was sold out back then. location attractive :doubtful. Viable no. Someone who has lived in Penang for quite some time will not fancy buying such a high end property in that location. Inner Georgetown has been regarded as a dilipidated slum since the repeal of the rent control act and affluent residents have moved to other areas such as Tanjung Tokong, Gurney Drive or Pulau tikus long time ago. Try walking down that section of Georgetown late at night and see how safe you feel.

SEED
February 12th, 2008, 12:58 PM
^^ exactly..

sasaumau
February 13th, 2008, 03:10 AM
Penang Times Square is one of the most ambitious project in island itself which everyone is waiting for

There is nothing to wait in penang. :ohno:

forever consern
February 13th, 2008, 01:28 PM
new things coming out always attract people la....

wdg
April 5th, 2008, 01:52 PM
Birch Regency @ Penang Times Square

http://bp2.blogger.com/_jnitJsnrRX4/R4snae349LI/AAAAAAAABk4/z_pBD345ucE/s320/Birch+Regency.jpg

Birch Regency Condominium at Penang Times Square is poised to become the new urban centre for Penang's residents. The mixed development will become the cornerstone of its efforts to venture into the tourism-related commercial property development market. The entire Penang Times Square, includes 800 units of residential units, commercial spaces, exhibition centre, hotel and office blocks, and a two-acre urban open square modelled after the vibrant and activity-filled European town squares.

Perfectly located along Jalan Dato Keramat, with Jalan Kampung Jawa Baru as the future link to Jelutong Expressway, Birch Regency at Penang Times Square has one of the most exclusive addresses in the heart of Georgetown. Being an address of one of the future monorail station, it will be just as accessible either by road or rail in the near future. This inevitably makes Birch Regency Condominium the perfect location in Georgetown's city centre.

Location : Georgetown
Type : Condominium
Tenure : Freehold
Completion : Scheduled to complete 2009
No. of Blocks : 1
No. of Storeys : 21
Total Units : 340 Typical units and 18 Penthouse units
Units per Floor : 18
Built-up Area : approx. 950 - 1,180 sq.ft.
Developer : Ivory Properties Group

Facilities
Swimming Pool, Children’s Pool, Outdoor Jacuzzi with Bubble Jets, Children’s Playground, Jogging Track, Barbeque Pits with Washing Area, Foot Reflexology Path, Landscaped Garden with Water Features, Clubhouse, Multi-pupose Hall, Gymnasium, Games Room, Management Office, Sauna Rooms, Male and Female Changing Rooms, 1 car park lot with every unit.

http://bp2.blogger.com/_jnitJsnrRX4/R4sqYe349UI/AAAAAAAABmA/zTN-VR4dTfc/s400/penangtimessquare+(location).jpg



Has the construction for birch regency started yet?
Completed in 2009...possible?

globocentric
April 6th, 2008, 03:55 PM
Please be noted this project will be subjected to same degree of probe by the current authorties as Gurney Paragon when it comes to irregularties in approval. I have very reliable sources. What do you have to say about a company that supports the previous administration so explicitly? They will be paying a hefty price for their extrme foolishness in the immediate future

forever consern
April 6th, 2008, 04:45 PM
ya, hows the Gurney Paragon? does it giving go a head as planning?

globocentric
April 6th, 2008, 05:40 PM
i will probably buy their share.
They have the same capability like Hunza, and Hunza Proteperty is around RM2.55 now.

Buy it at own your peril i mean if they manage to list the company before shit hits the fan. What capability does Hunza have by the way? Share price is not necessarily an accurate indication of how well a company is doing financially, certainly not in a badly regulated rumour monging stock market like the KLSE. Just ask around and you will know how many people actually made money out of second or third liner stocks. All of them depend on rumours.

Try talking to people high up in the construction and banking industry and see what they say about Ivory. I am not making this up. Prominent banks like Citibank and HSBC refuse to finance their properties.

cooltemper
April 7th, 2008, 03:24 AM
Buy it at own your peril i mean if they manage to list the company before shit hits the fan. What capability does Hunza have by the way? Share price is not necessarily an accurate indication of how well a company is doing financially, certainly not in a badly regulated rumour monging stock market like the KLSE. Just ask around and you will know how many people actually made money out of second or third liner stocks. All of them depend on rumours.

Try talking to people high up in the construction and banking industry and see what they say about Ivory. I am not making this up. Prominent banks like Citibank and HSBC refuse to finance their properties.

Really ah? I thought they have so many projects at their accounts and all of that should cash in as their profits?

I understand that rumours make up of all those 2 or 3 or Mesdaq shares even Main Board also need some speculation for its to rebound or perform good.

Actually overall Stocks Market environments in Malaysia is in a poor condition. Just look at Singapore, how well their share market perform.

khensthoth
April 7th, 2008, 03:34 AM
Try talking to people high up in the construction and banking industry and see what they say about Ivory. I am not making this up. Prominent banks like Citibank and HSBC refuse to finance their properties.

Do you have any juicy details or rumours that you would like to share with us? :naughty:

nazrey
April 7th, 2008, 02:19 PM
by sepultura1

http://farm4.static.flickr.com/3119/2394911257_11f0c78d1e_b.jpg

wdg
April 7th, 2008, 03:45 PM
hmmm...georgetown skyline, what can i say...:ohno:
u took the pic from sheraton hotel?

wdg
April 7th, 2008, 04:07 PM
Inner Georgetown has been regarded as a dilipidated slum since the repeal of the rent control act and affluent residents have moved to other areas such as Tanjung Tokong, Gurney Drive or Pulau tikus long time ago. Try walking down that section of Georgetown late at night and see how safe you feel.


Agree. It's almost a dead town now at night compared to say 15years ago. Let's hope the new administration will at least start do something about it

forever consern
April 7th, 2008, 04:33 PM
nevermind, we have a huge time square project booming out at Jalan Datuk Keramat there

globocentric
April 7th, 2008, 05:48 PM
Really ah? I thought they have so many projects at their accounts and all of that should cash in as their profits?

I understand that rumours make up of all those 2 or 3 or Mesdaq shares even Main Board also need some speculation for its to rebound or perform good.

Actually overall Stocks Market environments in Malaysia is in a poor condition. Just look at Singapore, how well their share market perform.

So many projects?I can name you other Penang based developers that have many more projects than them (even ongoing projects for that matter). Some of their projects are still not officially launched yet and they are boasting about them. Ivory is a relatively new developer.

The other thing that a developer might have many projects but doesnt mean that they are making money. Ivory has HUNDREDS OF MILLIONS in unpaid loans and they are LOSING MONEY. They lie about their sales blatantly when it is just dismal. Everyone was told that The View was sold out years ago and they are still selling it now. Even their staff has admitted that to senior bank officials.There are numerous contractors that they still owed and i personally know one.

A solid developer does not have to take out such a huge amount of bank loan. Imagine the interest you will incur. I know of one Penang based developer that has more ongoing projects than Ivory but owes the bank nothing now.

I completely agree that the malaysian stock market is in a poor state. Too many companies got away with falsfying their financial statements(Ivory will the next one but not the last) when they applied for listing. That is why you see many second and third liner shares losing more than half their value in weeks. Hunza is a very likely candidate. watch out.

globocentric
April 7th, 2008, 06:00 PM
Do you have any juicy details or rumours that you would like to share with us? :naughty:

What do you want to know? A prominent lawyer recently told me that some purchasers of Gurney Paragon has stopped paying because they fear that the project might be halted(stopped) because of certain planning irregularities. Ivory's Times Square actually received more density than it should under the planning guidelines as well. I wont be surprised if an investigation is launched into that as well

khensthoth
April 8th, 2008, 02:47 AM
What do you want to know? A prominent lawyer recently told me that some purchasers of Gurney Paragon has stopped paying because they fear that the project might be halted(stopped) because of certain planning irregularities. Ivory's Times Square actually received more density than it should under the planning guidelines as well. I wont be surprised if an investigation is launched into that as well

Interesting. Anyway, I know a few people in the development business too. I have to agree, in that circle, Ivory is not held in high regards. However, a common people on the street do not know that. They just look at their projects and speed of construction, and thinks Ivory is a great company.

I would have to say this is not unlike about 10 - 20 years ago, when Goh Chun Lai's (however the name is spelt) company was thought to be great. Today, we can see mostly all the dead malls in Penang are built by him: OneStop (Midlands), BJ Complex, Megamall Penang and Prangin Mall (dying). We hardly hear of him now (although his brother is still quite active in the development business).

globocentric
April 8th, 2008, 03:29 AM
Interesting. Anyway, I know a few people in the development business too. I have to agree, in that circle, Ivory is not held in high regards. However, a common people on the street do not know that. They just look at their projects and speed of construction, and thinks Ivory is a great company.

I would have to say this is not unlike about 10 - 20 years ago, when Goh Chun Lai's (however the name is spelt) company was thought to be great. Today, we can see mostly all the dead malls in Penang are built by him: OneStop (Midlands), BJ Complex, Megamall Penang and Prangin Mall (dying). We hardly hear of him now (although his brother is still quite active in the development business).

Yes Ivory is not held in high regards by people in the construction and banking sector in general not just their rival developers.It will be most likely candidate for the next Goh Chun Lai and Sunny Ho. You are right. The typical layman on the street will be easily duped by them. However, their deception will not fool the educated middle class.

busybody
April 8th, 2008, 08:56 AM
I'm so not comfortable with this Time Square build right in the middle of old Georgetown.

I read a news article years back saying only 5 stories building was allowed to build in Geogetown. This was told after the completion of UMNO building and was said that UMNO building was last to build in high rise category. ...

How the plan was approved to build time square?

WhyS
April 8th, 2008, 09:48 AM
Interesting. Anyway, I know a few people in the development business too. I have to agree, in that circle, Ivory is not held in high regards. However, a common people on the street do not know that. They just look at their projects and speed of construction, and thinks Ivory is a great company.

I would have to say this is not unlike about 10 - 20 years ago, when Goh Chun Lai's (however the name is spelt) company was thought to be great. Today, we can see mostly all the dead malls in Penang are built by him: OneStop (Midlands), BJ Complex, Megamall Penang and Prangin Mall (dying). We hardly hear of him now (although his brother is still quite active in the development business).

I always not understand when ppls mention that Prangin Mall became "died" after opening of new mall ... My gf was running business there for many years ; In fact not much different before and after launching of Gurney Plaza , Queensbay Mall and she still doing quite well ... Yes , many big name such as Nike was disappear from there but hey ~~ always have new shop starting their business in Prangin Mall , If you look carefully almost all of the shop there still occupied ... Prangin Mall is the best choice for youngster and those middle income group ( i think most of Penangites from this categories ) ; How many ppl afford to shop in Gurney Plaza / Queesbay Mall for it's branded retail shop ? Base on my observation these mall is to cater upper income need ; Others than that should be "Window shop" kaki ( like me lar :lol: ) ... Other's mall i'm not too sure , Any shop owner in Bt Jambul , Megamall Penang as well as Gurney Plaza , Queensbay Mall may share ur opinion too ...

khensthoth
April 8th, 2008, 02:13 PM
I guess it's just my perception, but then perception is based on a certain amount of truth and a certain amount of rumour.:)

Prangin Mall wasn't great to start with. I am no structural engineer, but I think the building might be built too rapidly, hence all the cracks around the facade. If you notice, OneStop, BJ Complex and Megamall Penang suffers from the same problem.

From what I see and feel, the part of the building where Parkson is in, a lot of the shops aren't occupied, compared to say one year after it opened. Sure, the other part is doing quite all right I would say. However, I feel that the management is not doing enough to keep the place up to a certain standard. Cleanliness has certainly gone down.

I do agree that it's still one of the "affordable" malls to go, compared to Gurney and Queensbay. I personally rarely shop there due to the exorbitant price. I do go there and enjoy the atmosphere. Gurney and Queensbay have their own flaws too. However, the mall upkeep is still very good, compared to Prangin Mall.

Regarding BJ Complex, it's alright - certainly not as bad as the situation in OneStop, but they should really consider refurbishing the mall to make people feel more welcome. About Megamall, well, of the few times I went there, the lower floors are doing alright. The upper floors are essentially almost empty. There was even a abandoned building right next to it, but I guess that's being built right now.

forever consern
April 8th, 2008, 04:44 PM
talking about the penang island shopping mall, besides Penang Times Square, another going to coming out - Lion Mutiara Parade (just next to Prangin Mall)which is currently undergoing construction work

cooltemper
April 9th, 2008, 02:46 AM
Why so many malls coming up? Penang have so large market ah?

khensthoth
April 9th, 2008, 11:53 AM
Why so many malls coming up? Penang have so large market ah?

That's how I feel. Is the current increase in mall and commercial space really needed? What is the actual market demand for these? Penang is a small island, with a combined (with Seberang Prai) population of about 1.5 million. We do get tourist every now and then, and every weekend people from nearby states will come. However, I don't think the increase in malls is really proportional to the increase in population and tourist.

proud_penangite
April 9th, 2008, 03:30 PM
Yeah the demand is not good lah in Penang not like in KL.
Hmm do u think the state government wants penang to be like KL with so many malls? Hmm in my opinion, penang ppl dont like to spend their money for shopping. They only spend their money when there's a sale and during festive season rite? they just enjoy window shopping and eat at a restaurant just like me haha.. i rather shop at KL! Hmm penang ok la....i prefer queensbay and gurney plaza....

cooltemper
April 10th, 2008, 03:02 AM
Penang people are used to been categorised as people who prefer to save for rainy day then spending luxury. That is why shopping always won't success in Penang.

The success of Gurney must thanks for other states visitor
The success of Queensbay must thanks to USM students/Bayan Lepas workers (mainly from other states).

My fren who work in Standard Charted's SME loan division said that he find difficult to loan out money as Penang people prefer to use their own saving to open business rather than borrow money from Bank.

He used to work in JB, he said JB has no problem of loan out money.

forever consern
April 13th, 2008, 11:17 AM
current progress on Penang Times Square phase 1 construction work...

http://i4.photobucket.com/albums/y150/forever_consern/P4130001.jpg
http://i4.photobucket.com/albums/y150/forever_consern/P4130002.jpg
http://i4.photobucket.com/albums/y150/forever_consern/P4130003.jpg
http://i4.photobucket.com/albums/y150/forever_consern/P4130004.jpg

proud_penangite
April 13th, 2008, 01:22 PM
i cant wait for the mall!!! just passed by pts last nite! i looks bigger than gurney plaza

forever consern
April 13th, 2008, 04:00 PM
but is very strange as above the mall is residential condominium

WhyS
April 13th, 2008, 06:04 PM
but is very strange as above the mall is residential condominium

Arr~~ i don't think it's strange , in fact i think this will be new trend ; Good idea to "link" them together as resident there will be fix customer for the mall ... Penang land is limited ler friend :lol:

rizalhakim
April 14th, 2008, 04:50 AM
but is very strange as above the mall is residential condominium


not strange if u went to jakarta....example taman anggrek mall...consist 8 blocks condo above huge shopping mall...and its normal in indonesia

http://jakartadailyphoto.com/wp-content/uploads/2007/04/tamananggrekmall.jpg

http://www.mplusl.com/projects/images/taman_anggrek_lg.jpg

http://i2.photobucket.com/albums/y4/sicklifehood/050317Photo/rDSCN3652.jpg

TWK90
April 14th, 2008, 05:50 AM
In Malaysia, there are a few example of mall below residential condominium, such examples are Pavilion KL and 1 Borneo (KK), just to name a few...

cooltemper
April 14th, 2008, 08:01 AM
With residential condo being built on top of the mall, it will generate shoppers from within that area.

Just think of going from your house, take a lift and when the door open, straight got a mall in front of you. it should be convenient especially for the SOHO or people who rent the apartment and who is from outstation.

proud_penangite
April 14th, 2008, 10:19 AM
the residents are so lucky to have a shopping mall below their condo!!

nazrey
April 14th, 2008, 02:23 PM
by sierra2u edit

http://img.photobucket.com/albums/v608/nazrey/Another/2363606393_b985e05427_b.jpg

wdg
April 14th, 2008, 03:13 PM
what happen to phase2 - birch regency? Already started construction?