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Mixed-Developments completed, refurbished and ongoing mixed-developments projects



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Old November 24th, 2007, 07:43 PM   #1
proud_penangite
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THE LIGHT WATERFRONT | Penang | U/C

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DESIGNED AS PENANG'S FIRST INTEGRATED LEISURE / RETAIL / ENTERTAINMENT AND CULTURAL DESTINATION WITHIN AN UPMARKET AND LUXURIOUS WATERFRONT LIVING ENCLAVE, THE LIGHT CREATES A TOTALLY NEW EXPERIENCE FOR PENANG VISITORS AND ITS RESIDENTS.

This site will have a commercial district with dining promenades, different malls for family, fun, IT savvy and upmarket fashion-conscious types, four hotels ranging from family to resort, boutique / spa and business high-rise, a floating cultural theatre and convention centre.

This project represents one of the highest proportions of leisure-based services anywhere in South East Asia.

As a day-out experience for families, a hip hangout for young techo-savvy or a new Penang discovery for local, regional and international visitors, THE LIGHT will celebrate the spirit of Penang's uniqueness, relaxed serendipity and exotic heritage.

But most of all, it will offer an iconic landmark to distinguish Penang as a world class destination with a waterfront living resort and lifestyle hub of the highest international standard.

THE LIGHT will become an example of the next generation of developments for Penang and the rest of South East Asia.




p/s: for more info visit http://www.thelightwaterfront.com/
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Old November 24th, 2007, 07:45 PM   #2
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cant wait for this project to be completed!
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Old November 24th, 2007, 08:57 PM   #3
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Sounds like they took the name from a Sci-fi/Fantasy book :P But it does look promising. Their map shows the location smack near the Penang Bridge though, which means they have to ensure proper traffic flows to ensure success
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Old November 25th, 2007, 03:06 AM   #4
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A better location for PGCC. Move the PGCC towers to this waterfront development.
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Old November 25th, 2007, 04:38 AM   #5
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Yet another luxurious development in Penang. They think all Penangites are rich? We need more middle/upper-middle cost apartments rather than all this!
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Old November 25th, 2007, 06:24 AM   #6
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WOW. Another cool project 4 Penang!
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Old November 25th, 2007, 06:37 AM   #7
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Quote:
Originally Posted by jlshyang View Post
Yet another luxurious development in Penang. They think all Penangites are rich? We need more middle/upper-middle cost apartments rather than all this!
this is mixed development project. We'll see if there's enough buyer to justify the cost. Cant just build more apartments. Let other companies do that. Penang affluent community is growing and i believed this project will be sustainable.
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Old November 25th, 2007, 07:31 AM   #8
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more waterfront development in Penang....

they are aware of the rising sea levels all over the world, right?


sigh...are there any open (as in, not carved up) beaches left in the island? Batu Ferrenghi is pretty much carved up...

Cheers, m
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Old November 25th, 2007, 01:18 PM   #9
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now thats more like it! wheres the location?
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Old November 25th, 2007, 02:51 PM   #10
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near the penang bridge along the jelutong expressway i guess so
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Old November 25th, 2007, 06:47 PM   #11
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Quote:
Originally Posted by ssangyongs View Post
this is mixed development project. We'll see if there's enough buyer to justify the cost. Cant just build more apartments. Let other companies do that. Penang affluent community is growing and i believed this project will be sustainable.
I have no objections to the project. It's just that residentials being built all over Penang including in this mixed-development project are all on the higher-end and the developers' are all out to attract foreign buyers. What about the average Penangites? Majority are in the middle-income class.

The state government doesn't seem to care by approving more high-end developments while neglecting the need for more affordable housing (not low-cost as there are many now along Jelutong Expressway but middle/upper-middle cost apartments. Eg. within the RM 300,000-RM500,000 range).

Last edited by jlshyang; November 25th, 2007 at 06:57 PM.
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Old November 26th, 2007, 04:52 AM   #12
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r we trying 2 be the next singapore n hk? plzz dont but this is one of the best project in png....
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Old November 26th, 2007, 05:36 AM   #13
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Quote:
Originally Posted by jlshyang View Post
I have no objections to the project. It's just that residentials being built all over Penang including in this mixed-development project are all on the higher-end and the developers' are all out to attract foreign buyers. What about the average Penangites? Majority are in the middle-income class.

The state government doesn't seem to care by approving more high-end developments while neglecting the need for more affordable housing (not low-cost as there are many now along Jelutong Expressway but middle/upper-middle cost apartments. Eg. within the RM 300,000-RM500,000 range).
No doubt this is very impressive project ; We all should proud of it . However , do average middle-income penangites really need this kind of mega structure ( or PGCC ) ? Those millionaire life will become more luxury and richer but poor still continue poor ... Anyhow , must thanks to IJM which manage to build some medium low and medium cost apartment such as Pinang Court , Ocean View , The Spring ...etc at Sungai Pinang areas , let middle class ppl also able to enjoy " water front " living ; Just hope that current reclaiming jobs and future "The Light" Project won't block the view from there
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Old November 26th, 2007, 05:42 AM   #14
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I like it, it's beautiful indeed, is it just me who thinks that Penang projects these day has just got better and bigger in terms of size and scale?
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Old November 26th, 2007, 07:14 AM   #15
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why malaysia projects always need to take long timeframe to complete ar?? 10-15years...while the phase3 complete, phase 1 become old ady =.="
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Old November 26th, 2007, 07:22 AM   #16
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we dont have a big budget....dats y....we r not like those in dubai.....
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Old November 26th, 2007, 11:02 AM   #17
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IJM Corporation lancar projek pembangunan RM6.5b
PULAU PINANG 23 Nov. – IJM Properties Sdn. Bhd., bahagian hartanah IJM Corporation Bhd., melancarkan projek pembangunan bersepadu dan komersial bertaraf dunia bernilai RM6.5 bilion dalam tempoh 15 tahun akan datang.

Projek yang diberi nama ‘The Light’ itu akan dibangunkan atas tanah yang ditambak di laluan Lebuhraya Jelutong seluas 135 hektar.

Ia melibatkan pembinaan pusat kediaman mewah bersepadu, pusat hiburan, pendidikan dan perniagaan.

Ketua Pegawai Eksekutif dan Pengarah Urusan IJM Corporation Bhd., Datuk Krishnan Tan berkata, The Light bakal menjadi mercu tanda baru di Pulau Pinang, sekali gus menukar bandar itu kepada konsep perbandaran moden dan bersepadu.

“Projek yang mengandungi tiga fasa itu akan dimulakan tidak lama lagi dengan fasa pertama dijangka siap lima tahun lagi, mengandungi enam bahagian kediaman mewah sebanyak 1,186 unit rumah di kawasan seluas 16.8 hektar yang menghadap laut,” katanya kepada pemberita selepas pelancaran The Light oleh Ketua Menteri Tan Sri Dr. Koh Tsu Koon, di sini hari ini.

Bagi fasa kedua pula mengandungi pusat komersial di kawasan seluas 41 hektar.

Ia akan mengandungi menara, hotel, pejabat dan bilik pameran, kemudahan persidangan, dewan budaya dan pusat lawatan.

Fasa tiga akan dibangunkan di kawasan seluas 2.8 hektar mengandungi taman bersepadu menghadap laut.

Menurut Tan, The Light akan dibina bermula dari kawasan komersial e-Gate sehingga ke Jambatan Pulau Pinang dan kerja-kerja menambak tanah akan dilakukan di sepanjang laluan tersebut.
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Old November 26th, 2007, 02:23 PM   #18
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Quote:
Originally Posted by WhyS View Post
No doubt this is very impressive project ; We all should proud of it . However , do average middle-income penangites really need this kind of mega structure ( or PGCC ) ? Those millionaire life will become more luxury and richer but poor still continue poor ... Anyhow , must thanks to IJM which manage to build some medium low and medium cost apartment such as Pinang Court , Ocean View , The Spring ...etc at Sungai Pinang areas , let middle class ppl also able to enjoy " water front " living ; Just hope that current reclaiming jobs and future "The Light" Project won't block the view from there
Exactly. I am hoping IJM will build somemore medium-cost apartments like Bayswater. Anyway, with the Light Waterfront project, Bayswater's sea view will be blocked in the future.
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Old November 27th, 2007, 08:55 AM   #19
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i think it's only natural when prices of land/property goes up, people with lower purchasing power to upgrade their residence in hot developing area move somewhere else where the prices is lower and affordable. This trend is also happening in Penang. Just like in KL where people especially first time buyers looking to buy a property, unless they can afford it, many will choose to live outside KL to places such as Seremban, Semenyih, Sepang and Klang. Because land price are increasing dah by day. It's so hard for a rm3000 guy to buy his/her first property in areas like TTDI, Wangsa Maju (landed), Bandar Utama, PJ etc.

This is similar situation happening in Penang. We cant blame the government for giving easy approval for high end project like this one. If government approves low-end/cheap project to be built there instead of expensive and high end, we could say that development is nearing stagnation. We're not going anywhere and Penang will continue to be inhabited by lower income people where actually it should be best to let development continue its natural growth.

People who wants to afford a landed property/condos but will lower price will naturally fleeing the island. Like Klang Valley, there are many other satellite towns who fits their criteria such as BM, SP, Kulim, Butterworth. And the recycle will continue once the satellite town also move up the price chain in 30-40 years.
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Old November 27th, 2007, 05:48 PM   #20
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Quote:
Originally Posted by ssangyongs View Post
i think it's only natural when prices of land/property goes up, people with lower purchasing power to upgrade their residence in hot developing area move somewhere else where the prices is lower and affordable. This trend is also happening in Penang. Just like in KL where people especially first time buyers looking to buy a property, unless they can afford it, many will choose to live outside KL to places such as Seremban, Semenyih, Sepang and Klang. Because land price are increasing dah by day. It's so hard for a rm3000 guy to buy his/her first property in areas like TTDI, Wangsa Maju (landed), Bandar Utama, PJ etc.

This is similar situation happening in Penang. We cant blame the government for giving easy approval for high end project like this one. If government approves low-end/cheap project to be built there instead of expensive and high end, we could say that development is nearing stagnation. We're not going anywhere and Penang will continue to be inhabited by lower income people where actually it should be best to let development continue its natural growth.

People who wants to afford a landed property/condos but will lower price will naturally fleeing the island. Like Klang Valley, there are many other satellite towns who fits their criteria such as BM, SP, Kulim, Butterworth. And the recycle will continue once the satellite town also move up the price chain in 30-40 years.
It's only fair if there's a balanced development on the island. I didn't say the government should only approve low-end/cheap developments, please do not put words into my mouth. The type of residential property should be consistent with the purchasing power of the state. In KL, the purchasing power is higher and there is ample land to build but land in Penang is scarce, you cannot have all high-end properties build on the island while those who cannot afford simply leave the island. The so-called satelite towns of Penang with the exception of maybe BM and Butterworth are largely undeveloped even though many Penangites have moved there.
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