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Old April 29th, 2009, 01:09 PM   #1
nazrey
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PENANG | The One Development News

DESIGN PHILOSOPHY
OFFICIAL WEBSITE
EXHIBITION
Penang Tech Museum

WORK
Self-Contained ICT Business Hub
MSC Status Building with Future-Proof Technology
Administrative Capital of E-Community
World Class Business Venue with Accommodation
Incubation Center & Data Center

SHOP
Outdoor Shopping promenade & Concept Stores

DINE
Business Class Fines Dining Restaurants

HOMES
Hi-Tech Homes with Intelligent Home System

ENTERTAINMENT
Cyber Gaming Community Cluster





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Old April 29th, 2009, 01:11 PM   #2
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Old April 29th, 2009, 01:13 PM   #3
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Old April 29th, 2009, 01:14 PM   #4
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bybuilt_in_me

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Old June 5th, 2009, 11:09 AM   #5
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Old July 20th, 2009, 07:51 PM   #6
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Get smart with The One in Penang
Zuhaila Sedek



Already tagged as the country’s Silicon Valley and recognised as the first state to have a cybercity, Penang is now set to take techno-centric developments to a new level.

This will be via a 13.5- acre leasehold integrated commercial venture in the island’s Bayan Lepas locale, dubbed The One Penang Cyber City.

Being developed by Ideal Capital Intelligence Sdn Bhd and financed by Kuwait Finance House (Malaysia) Bhd, the RM68 million project will provide Penang with a host of serviced suites, corporate offices, retail units, sidewalk outlets, a tech museum and unique “bungalow” shophouses. Connecting all these varied functions will be intelligent building and smart home features, making it a high-tech hub for living and working.

According to Ideal’s chief executive officer Datuk Alex Ooi, the undertaking introduces "many firsts within an advanced technological platform".

"The One signifies a new era in intelligent buildings... the marriage of technology and building sciences will benefit the population immensely as this is Penang’s pioneering effort to join the growing number of high-tech buildings worldwide," he said.

Ooi said the first phase called 1-Square, comprises 57 units of three-and-a-halfstorey bungalow shops and three-storey terrace shops, built around a central plaza offering 20ft-wide corridors.

A signature element of The One, this phase will integrate lush streetscaping with spacious and innovative commercial lots targeted for use by banking institutions, fine eateries and entertainment outlets.

Since it was launched last November, 80 per cent of the units have been sold for between RM281,000 and RM2 million.

The next phase being primed for launch is 1-Sky, a 29-storey tower offering serviced residences, corporate offices and 260,000sq ft of retail space on the lower levels.

Also on the cards is 1- Broadway, a precinct that will accommodate 46 shops intended for fine and exquisite dining within a 55,000sq ft three-storey block, and 1-Atrium, which will feature 112 retail shops in a three-storey block.

The 277,000sq ft 1- Atrium is also envisioned to become an upscale bazaar catering to the needs of residents of the surrounding Bayan Baru area.

Other up-and-coming components are 1-World, a 23-storey intelligent office building with 260,000sq ft of space; and 1-Zone, offering more corporate retail units and residential suites in a sixstorey block.

Ooi said The One is in line with, and complements, the RM23.8 billion government initiative to develop Penang and Seberang Prai as part of the Northern Corridor Economic Region.

Adjacent to Persiaran Mahsuri and Jalan Mahsuri, the site is minutes away from Batu Maung and the Penang International Airport. Also nearby are shopping malls, hypermarkets, a hospital and a post office.

The 24-km Second Penang Bridge, currently under construction, is expected to boost its accessibility.

With a total gross development value of RM500 million, the development is slated for completion by 2012.
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Old July 20th, 2009, 09:52 PM   #7
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KFH to finance The One cyber city
By DAVID TAN

PENANG: Kuwait Finance House (M) Bhd (KFH) is providing finance for Ideal Capital Intelligence Sdn Bhd's RM500mil The One, Penang Cyber City commercial project in Bayan Baru.

Ideal Capital chief executive officer Datuk Alex Ooi said that under an agreement, a RM68mil loan – in the form of Musharakah and Murabahah financing facilities – would allow KFH to participate in the project on a profit-sharing basis and provide revolving credit to Ideal Capital.

“We are targeting the sale of 40% of the commercial properties to buyers from Indonesia and Hong Kong.

“The remaining 60% are for domestic purchasers and investors,” Ooi told reporters after the launch of The One by Penang Chief Minister Tan Sri Dr Koh Tsu Koon and signing of the loan facilities yesterday.

The One, located on a 5.2ha leasehold site, comprises smart serviced suites, corporate office suites, corporate retail units, terraced shophouses and bungalows.

Besides commercial properties, The One would also house Malaysia's first technology museum.

Some 57 bungalows and terraced shophouses, priced between RM281,000 and RM2mil, were launched recently, Ooi said, adding that over 80% of them had been sold.

Meanwhile, Ooi, who is also Indian Corridor Sdn Bhd chief executive officer, said he had secured a US$100mil loan from a Middle Eastern financial institution to finance the RM3.2bil Royal Garden property development project in Shanghai.

“The financing would also enable the repayment of outstanding loans taken by Golden Plus Holdings Bhd (GPlus) to finance Royal Garden,” he said.

Indian Corridor is a substantial shareholder in GPlus.
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Old July 25th, 2009, 06:58 PM   #8
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Quote:
Originally Posted by nazrey View Post

by jackiepoh

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Old January 12th, 2010, 05:42 PM   #9
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waahhhh..... another cool project in png....
any update pic??
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Old August 27th, 2010, 06:21 PM   #10
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Quote:


Excuseme..projek ni sedang di bina kerr...
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http://www.flickr.com/photos/marufish/4603644219/

image hosted on flickr

http://www.flickr.com/photos/marufis...n/photostream/
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Old August 27th, 2010, 06:25 PM   #11
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http://www.flickr.com/photos/marufish/4603668869/
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