PENANG | Projects & Construction

[nazrey]

The Mayfair

[Adam Tan]

Platino

[nazrey]

Originally Posted by nazrey

New launching!
KELAWEI VIEW

Kelawei View is a new luxury condominium project development located in prime Georgetown, the heartbeat of the city, close to the popular gurney drive and easily accessible to modern conveniences. Residents enjoys utmost privacy and low living density with a spacious built up area of approximately 4,303 - 6, 423square feet. Each unit offers a beautiful city twinkling lights with unending sea breezes and superb sunset view.

[Lestatlenoir]

AWESOME!!!

[nazrey]

Originally Posted by nazrey

Springtide residencess



SPRINGTIDE RESIDENCES and the cove

by cooltemper

[nazrey]

Originally Posted by nazrey

The Cove
Tanjung Bunga, Penang. Malaysia.

The Cove is a new luxury beach front condominium with full facilities including a swimming pool, sauna and gym. Also provided 2 covered car park bays for every unit of condominium. The Cove Condominium is located at Jalan Tanjung Bungah which is a suburb of the middle upper class residential area that perfectly matched your status. The immediate neighborhood are the Dalat International school, Crown Prince Hotel, Copthorne Orchid Hotel and Sandy Bay Paradise Hotel.



by cooltemper

by mic_hong

[nazrey]

Originally Posted by nazrey

Suntech



by Adam Tan

by forever consern

image hosted on flickr
image hosted on flickr


image hosted on flickr
image hosted on flickr

[TYW]

The Turf Club Redevelopment is now officially known as Penang Global City Centre (PGCC)

Originally Posted by pedang

Abad Naluri to undertake RM20b property project
By Marina Emmanuel
marina@nstp.com.my



August 1 2007

ABAD Naluri Sdn Bhd, an associate of Equine Capital Bhd, plans to build some RM20 billion worth of properties over 15 years to redevelop the Penang Turf Club site in George Town.

The Penang Global City Centre (PGCC) will be marketed as one of the world's first zero-carbon cities where pollution will be kept to a minimum.

It will also offer tax breaks to technology firms which wish to set up shop there as PGCC will have Multimedia Super Corridor status, Equine executive chairman Datuk Patrick Lim said yesterday.

"This new city centre for Penang will incorporate many technology and ecology-based components and will be modelled along the lines of the Kuala Lumpur City Centre," he told reporters at a briefing.

He was present at the launch of the Penang package of the Northern Corridor Economic Region (NCER) by Prime Minister Datuk Seri Abdullah Ahmad Badawi in Butterworth, Penang.

The PGCC, on a 104ha site, will be developed by Abad Naluri, 25 per cent owned by Equine.

Lim said the groundbreaking ceremony will take place in eight to 12 months, and the project will be carried out in phases. The PGCC is one of five high-impact projects for Penang under the NCER.

The others are the Penang airport and port expansion, an integrated public transport system and a micro-electronics centre of excellence to be based at Universiti Sains Malaysia.

"We expect to announce full details of the PGCC by September," Lim said, adding that award-winning French firm Atelier Seraji will develop the master plan, while New York-based Iranian architect Hani Rashid will work with local architects.

The eco-city development is expected to include a 10.4ha public park, which will be linked to the Penang Botanical Gardens.

There will also be two five-star hotels, a performing arts centre, retail outlets, two office towers, residential properties and a world-class convention centre.

"We want this project to serve as an extension and deepening of Penang's role as a centre for information technology-based companies, and PGCC will serve as a lifestyle project where people not only live but also do business, albeit in a creative manner," Lim said.

Once the eco-city is completed, an estimated 20,000 people will be working there.

Abad Naluri has several financing options for the project. It may get partners or raise funds from the capital market, including a bond sale.

"We are talking to a whole spectrum of financiers although our preference would be to deal with local financial institutions," Lim said.

On the new Penang International Equestrian Centre in Batu Kawan, which Abad Naluri is also developing, Lim said construction works will be in tandem with the Second Penang Bridge since the centre, which will also house the Penang Turf Club, about 1km away from the new bridge.

Originally Posted by pedang

15 years to complete RM18b Penang City Centre

By DAVID TAN

BUTTERWORTH: The RM18bil Penang City Centre (PCC) project by Abad Naluri Sdn Bhd, an associate company of Equine Capital Bhd, will take 15 years to complete.

Equine holds a 25% stake in Abad Naluri, which is developing PCC on the 260-acre site where the Penang Turf Club is presently located.

The PCC is one of the projects highlighted in the Northern Corridor Economic Region (NCER) blueprint.

Equine executive chairman Datuk Patrick Lim said two award-winning architects, one each from New York and Paris, would design the project.

“Hani Rashid from Asymptote Architecture in New York will design the architecture, which includes two iconic towers, while Nasrine Seraji from Atelier Seraji in Paris will design the master plan,” he told reporters after the launch of the NCER Penang portion blueprint by Prime Minister Datuk Seri Abdullah Ahmad Badawi yesterday.

Lim said the PCC master plan would be unveiled in September while the project would be launched in eight to 12 months.

The first phase would involve the development of a 26-acre park, and road infrastructure to smoothen the traffic flow for the project, he said.

“The park will be connected to the Botanical Garden. We will use the technologies such as thermal treatment, to develop PCC into a carbon-free city,” he said.

“We want to make PCC the first such city in the world. Shanghai is planning to be carbon free, but we are ready to implement the technologies to make it happen in PCC soon.”

Lim said the PCC project would have two five-star hotels, commercial and residential properties, and a state-of-the-art cultural centre.

Lim said there were many options to fund the project, including joint ventures and issuing capital bonds.

“We are also applying for MSC status to attract information and communications technology companies to set up regional offices at the park.”

On the Penang International Equestrian Centre in Batu Kawan, Lim said Abad Naluri would start work on the centre once construction work commenced on the second Penang bridge.

http://www.skyscrapercity.com/showthread.php?t=505570

[TYW]

... and the redevelopment of the Butterworth Ferry Terminal is now Penang Sentral

Originally Posted by pedang

MRCB will start work right away on RM2b hub

August 1 2007







WORK on the RM2 billion Penang Sentral project in mainland Penang will start immediately with the building of a temporary transport terminal in Butterworth.

The comprehensive transportation hub project is undertaken jointly by Malaysian Resources Corp Bhd (MRCB) and Pelaburan Hartanah Bumiputra Bhd.

The finished project will comprise an integrated terminal for rail, road and sea travel.

MRCB group managing director Shahril Ridza Ridzuan said yesterday that the building of the temporary transport terminal was to ensure that bus services are not disrupted when work on the transport and logistics hub begins in January next year.

"It will take us between 30 and 36 months to complete Penang Sentral, which will be similar to our KL Sentral project," he told reporters after the launch of the Penang package of the Northern Corridor Economic Region (NCER) by Prime Minister Datuk Seri Abdullah Ahmad Badawi in Butterworth.

The new transportation hub will be located on a 12.8ha site at the existing Butterworth train, bus and ferry terminal and will integrate KTM's rail services, road transport facilities and the ferry services operated by Penang Port.

It is one of several projects aimed at strengthening Penang's role as a logistics hub for the NCER.

Other projects include the upgrading of the Penang port and airport, construction of the Second Penang Bridge, a monorail system and the Penang Outer Ring Road.

Shahril said the hub will also have commercial, retail and residential developments although the nature of the residential properties to be developed will hinge on market demand.

"We have also set aside space at the new terminal site for an expansion upgrade, if the Government decides on a monorail project for mainland Penang," he added.

Originally Posted by pedang

A bigger Penang role for MRCB

It will have total GDV of RM12bil in KL Sentral and Penang Sentral

By DAVID TAN

BUTTERWORTH: Malaysian Resources Corp Bhd (MRCB) is set for an expanded role in construction and property development in Penang following an award for it to develop a RM2bil transport hub in Butterworth.

MRCB and Pelaburan Hartanah Bumiputra Bhd would jointly develop the transport hub, Prime Minister Datuk Seri Abdullah Ahmad Badawi announced yesterday.

It was just in June that MRCB was awarded a contract by Pelaburan Hartanah to build houses and apartments with a combined gross development value (GDV) of RM500mil on three sites on Penang island.

Analysts anticipate that MRCB could secure additional projects in the state such as a role in the construction of the proposed monorail and Penang Outer Ring Road.

The analysts estimated that MRCB's Kuala Lumpur Sentral has a GDV of close to RM10bil, and with the RM2bil transport hub in Butterworth, now called Penang Sentral, that would expand the combined GDV to RM12bil.

MRCB managing director Shahril Ridza Ridzuan told reporters yesterday that Penang Sentral was located on a 32-acre site at the existing Butterworth train, bus, and ferry terminals. The project is scheduled to start in January 2008.

He spoke after the launch of the Northern Corridor Economic Region (NCER) project in which Penang Sentral is one of the projects highlighted in the NCER blueprint.

“The main transportation terminal, to be modelled after the Kuala Lumpur Sentral, would be completed in 30 to 36 months.

“We will work with Penang Port Sdn Bhd (PPSB) to ensure that the transport terminal would integrate well with the ferry and train services.

“There will also be space allocated for the terminal to accommodate monorail services and facilities.

“It will be the main integrated transport terminal for Penang, combining rail, road, and sea services,” Shahril said.

He said on top of the transport terminal, commercial and residential properties would also developed on the 32-acre site.

“These properties would be launched in phases according to market demand.

“The entire project would be completed in 10 years,” he added.

Shahril said the RM2bil GDV of Penang Sentral is about one-fifth of KL Sentral's GDV.

MRCB and Pelaburan Hartanah would construct a temporary bus terminal at the site. “This temporary bus terminal would be completed in January,” he said.

Under the NCER blueprint, the Government plans to increase the cargo processed at PPSB to one million TEUs (20ft containers) in 2012 from 770,000 TEUs two years ago.

The Government would also re-evaluate incentives to make Penang the port of choice, in line with plans to make NCER the processing centre for agricultural produce coming from Thailand and Sumatra.

Conceptually, Penang Sentral would be similar to KL Sentral, which combines its central function as a transport hub with property projects around it.

Analysts expect that while commercial properties dominate the skyline at KL Sentral, residential properties would feature more visibly at Penang Sentral as demand is higher in that state for housing than for office buildings.

They were not surprised that MRCB won the Penang Sentral project as this was anticipated. Even so, the Government's announcement of the award yesterday substantiated the company's ability to secure projects in Penang.

The structure of the award for Butterworth transport hub is similar with that in KL Sentral. In the latter, the project was jointly undertaken by MRCB, with a stake of 74%, while Malayan Railway or KTMB held the balance of 26%.

The Butterworth transport hub would be jointly developed by Pelaburan Hartanah, which is understood to be a unit of the Finance Ministry.

The companies' respective stakes in this project are not as yet known.

http://www.skyscrapercity.com/showthread.php?t=505578

[nazrey]

Originally Posted by nazrey

SKY HOME

by forever consern

image hosted on flickr

[nazrey]

Originally Posted by nazrey

The Spring

by forever consern

image hosted on flickr


image hosted on flickr


image hosted on flickr

[LordChaos80]

Interesting proposals. Some of them, especially Penang Times Square, look very similar to recent Chinese projects.

[nazrey]

Originally Posted by nazrey

Springtide residencess

by forever consern

image hosted on flickr


image hosted on flickr

[nazrey]

The Cove
Tanjung Bunga, Penang. Malaysia.

The Cove is a new luxury beach front condominium with full facilities including a swimming pool, sauna and gym. Also provided 2 covered car park bays for every unit of condominium. The Cove Condominium is located at Jalan Tanjung Bungah which is a suburb of the middle upper class residential area that perfectly matched your status. The immediate neighborhood are the Dalat International school, Crown Prince Hotel, Copthorne Orchid Hotel and Sandy Bay Paradise Hotel.

by forever consern

image hosted on flickr

[nazrey]

SKY HOME

by forever consern

image hosted on flickr


image hosted on flickr

[nazrey]

SKYHOME

Originally Posted by forever consern

[nazrey]

Alila Horizons by Hunza Property







>>

[haze]

[patchay]

Originally Posted by travellator

PGCC will be iconic

PENANG: New York-based Asymptote Architecture, which is designing the RM25 billion Penang Global City Centre (PGCC) has promised that the structures will be iconic, modern and striking; combining Penang’s heritage and modern conceptual architecture. Asymptote founder and partner Hani Rashid, who described the buildings in the PGCC as “beautiful, poetic, sensitive and logical”, said they will put Penang at the forefront of world-class cities. “I can say that the buildings are so contemporary that they might become heritage in the future,” Rashid said in press conference yesterday.
“The thing that will immediately catch one’s attention when the PGCC is launched tomorrow is how the buildings will be sculptured against the hills of Penang,” he said. “If a city should want to move forward, it must take from
the past but drive it into the future,” Rashid said, adding that the challenge was to discover Penang’s urban footprint and then conceptualising it into a
modern structure.
“The buildings in the PGCC are attention grabbing and designed to inspire the people around them just as what the Eiffel Tower means to Parisians,” he said.
Rashid said a team comprising about 80 foreign and local experts would be roped in to develop the buildings. — By Jonathan Chen

Originally Posted by khensthoth

Original news from here

ENVIRONMENT-MALAYSIA: Mega City Project Robs Common Green
By Anil Netto

PENANG, Sep 12 (IPS) - Alarmed civil society groups are coming together to oppose a massive urban development project that could result in 33 tower blocks of over 40 storeys each being built on one of the last huge green spaces left on land-starved Penang island.

Prime Minister Abdullah Badawi is to launch the masterplan for the 25 billion ringgit (7 billion US dollar) Penang Global City Centre (PGCC) project on the 105-hectare plot of land, currently used by the Penang Turf Club, on Wednesday (TOMORROW). The club will move to a new racecourse, currently under construction in Batu Kawan on mainland Penang.

PGCC is being developed by Abad Naluri, a 25 percent-owned associate firm of Taman Equine, which in turn is wholly owned by developer Equine Capital. Equine's executive chairman is Patrick Lim, widely seen as one of the most influential businessmen in Malaysia.

Former premier Dr. Mahathir Mohamad , himself often accused of cronyism during his 22-year tenure at the helm, has reportedly referred to Lim as ''Patrick Badawi'', alluding to the perceived close ties between Abdullah and Lim.

''The project has been on the drawing board for four years but they have not consulted the public until the eleventh hour,'' says Mohd. Nizam Mashar, coordinator of Friends of the Earth, Malaysia (SAM). ''The saddest part is that this green space -- the only potential area that can be given to the people of Penang -- will now be largely destroyed.''

The PGGC developer has hired a new but well-connected local public relations firm, Fox Communication, whose key staff are former senior journalists from the English-language Malaysian mainstream press.

Fox Communication and the mainstream media have tried to counter the major sources of concern by highlighting the PGCC's green credentials. These include a "zero carbon" target and 40 ha allocation for recreational parks, including a 10-ha narrow kilometre-long ''Central Park''.

But they have not highlighted the 33 tower blocks. ''The destruction of the turf club environment and the construction of all those buildings is going to produce carbon emissions -- not cut carbon,'' contends academic Andrew Aeria, who grew up in Penang. ''If Equine are serious about zero carbon emissions or greening the earth, they would be better off turning the place into a park.''

To allay concerns over traffic congestion, the developer has also pointed to the building of a road underpass and a couple of flyovers to link up to the proposed Penang Outer Ring Road, itself a controversial project. The alignment of the ring road cuts through the site and there are also plans for a Penang monorail system.

But that has not convinced many. The roads bordering the Turf Club in Batu Gantung are heavily congested during peak hours. The two main parks nearby -- the Botanic Gardens and the Penang Youth Park at the foothills of Penang Hill -- are often overflowing with people and a much larger new park would have been welcome.

In fact, the PGCC has a stupendous proposed built-up area of 2.5 million sq m and will include 7,000 upmarket homes as well as hotels, commercial areas, a performing arts centre and ''two iconic towers''.

But it obviously caters only to the well-heeled. Even the project's master planner, Teheran-born Nasrine Seraji, expressed disquiet. ''The developer only wants luxury housing. We say you can’t just have luxury housing because then it becomes a gated community,'' she said in an interview with Canada.com last November. ''You need to also have social housing. These are the negotiations that take place in order to allow integration of different income levels of society.''

She added that the developer had originally wanted a density that would have been twice that of Hong Kong, but she persuaded him otherwise.

Under existing official quota requirements for developers, the PGCC developer would be required to build a couple of thousand lower-cost apartments. But the word is that these lower-cost flats would probably be located outside the project area.

The move to rezone the existing Penang Turf Club land from 'open space' to 'mixed development' was initiated in November 2002. Last year, residents of the quiet upper-class residential area in neighbouring Jesselton registered their objections to the rezoning.

In November 2002 as well, Penang Turf Club members were persuaded to vote in favour of a new racecourse on the mainland.

As part of the quid-pro-quo of the PGCC deal, Equine will build a 375 million ringgit euphemistically named ''Penang International Equestrian Centre'' on the mainland in Batu Kawan -- even though the horse racing industry faces an uncertain future. A racecourse on the mainland would draw gamblers to a site that is just a few dozen km south of the Kepala Batas parliamentary constituency of Prime Minister Abdullah.

Earthworks on the new racecourse began in late 2005 after the government announced it was going ahead with plans to build South-east Asia's longest bridge, a 3 billion ringgit (800 million dollar) 24-km link between Batu Kawan and Penang Island.

Equine has another major project, Crescentia Park, which would turn 180 ha of land in Batu Kawan into Penang's third satellite town at a gross development value of over 800 million ringgit (230 million dollars).

Both Crescentia and the new race course are located close to the site of the proposed bridge, turning Equine's land bank on the mainland into a gold mine.

It is not clear how the PGCC developer actually paid for the Turf Club land on the island. One report said that Abad Naluri had bought the land for 488 million ringgit (140 million US dollars) in 2002. The Penang Turf Club, established in 1864, acquired the land in 1935.

According to another report, the Turf Club land would only be transferred to the PGCC developers once the Batu Kawan racecourse is completed in 2009.

Whoever owns the Turf Club land on the island stands to profit handsomely from a leap in land valuation if the rezoning to ''mixed development'' is confirmed. In rezoning the land, ''the state has enabled some land speculators to make literally billions of ringgit of profit,'' when it could have acquired the land for the benefit of the people of Penang, lamented heritage conservation activist, Ahmad Chik.

[nazrey]

HILLCREST RESIDENCES
HILLCREST RESIDENCES, at Bukit Jambul
by Adam Tan



construction progress
by forever consern