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Discussion Starter #1


DESIGN PHILOSOPHY


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


Location



Source from: http://www.idealhomes.cc/theone.html
 

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Infrastructure
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Most large scale project have fair share of debates, which is good actually to make sure the intended project goes well, however some people need to also think the economic consequences without some of these projects too....it seems in Penang, objections to projects is more common than other areas in Malaysia...
 

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the person who name this project must be a fan of Jet Lee.. and been watching too much of his movie.. hah! The One.. :lol:
 

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Penang Skyscrapers Hunter
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the person who name this project must be a fan of Jet Lee.. and been watching too much of his movie.. hah! The One.. :lol:
actually the first thing i thought of when looking at the name of this project is The One academy... hehe...

http://www.theoneacademy.com/
 

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PROUD 2 B MALAYSIAN
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THE 1-Square commercial outlets, part of The One, Penang Cyber City in Bayan Lepas, Penang, will open for registration at The Star Property & Home Fair 2007, which begins tomorrow. Ideal Homes Properties Sdn Bhd sales and marketing general manager Nancy Teo said 47 three-storey terrace shops and 12 three-and-a-half-storey bungalow shops would be open for registration.
The terrace shops are priced between RM780,000 and RM880,000 while the bungalow units will cost between RM1mil and RM1.4mil. “The units are not for sale just yet. We are just opening up to potential buyers for registration. Construction work is scheduled to commence by November,” she said.
Teo believes the bungalow shops are the first of its kind to be introduced in Penang. The Penang Cyber City project, on a 5.2ha piece of land and spanning over four years, is a self-contained business hub comprising, among others, commercial shops, service suites and MSC-status resort and corporate offices.
Other projects, which Ideal Homes Properties will promote at the fair, are the I-Regency “semi-detached in the air” condo villas and Palazzia, a prestigious lifestyle commercial centre, and the C.E.O, which is based on the small office home (SOHO) concept. The three projects are located along Jalan Bukit Gambier.
 

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KFH really dominated! :)

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.

"We are targeting the sale of 40% of the properties to buyers from Indonesia and Hong Kong" DATUK ALEX OOI
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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PROUD 2 B MALAYSIAN
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ICISB bangunkan The One

Oleh WAN NAJIB WAN DAUD

PULAU PINANG 23 Jan. – Ideal Capital Intelligence Sdn. Bhd. (ICISB) akan menjadi pemaju hartanah pertama di Bandar Siber Pulau Pinang apabila menandatangani perjanjian pembiayaan dengan Kuwait Finance House (KFH) untuk membangunkan projek The One di sini.

The One merupakan projek hartanah komersial bersepadu dengan nilai pembangunan kasar (GDV) RM500 juta itu dibiayai menerusi pembiayaan Musharakah (perkongsian untung dan rugi) dan Murabahah (kontrak jual beli).

Ketua Pegawai Eksekutif ICISB, Datuk Alex Ooi berkata, pembiayaan The One oleh KFH merupakan sejarah tersendiri untuk projek tersebut sekaligus menjadi pembiayaan pertama syarikat pembiaya asing di wilayah Utara.

“Untuk projek itu, ICISB memegang kepentingan pembiayaan sebanyak 15 peratus dan selebihnya dibiayai oleh KFH dan ia dijangka siap dalam tempoh tiga tahun akan datang,” katanya.

Beliau berkata demikian kepada pemberita selepas majlis menandatangani perjanjian pembiayaan antara ICISB dan KFH yang disaksikan oleh Ketua Menteri Pulau Pinang, Tan Sri Dr. Koh Tsu Koon di sini semalam.

Pembiayaan bertempoh tiga hingga lima tahun itu akan membolehkan kedua-dua pihak membangunkan projek yang mengandungi ruang pejabat, ruang komersial, banglo dan rumah teres selain apartmen servis.

Dalam pra pelancaran dua minggu lalu, sebanyak 80 peratus unit hartanah yang dijual pada harga antara RM281,000 hingga RM2 juta telah terjual.

Sementara itu Ketua Perbankan Pengguna, Runcit dan Komersial KFH, Abd. Jabar Ab. Rahman berkata, penglibatan KFH dalam bidang hartanah merupakan yang pertama di wilayah Utara.

Katanya, KFH merancang untuk meluaskan pembabitannya di dalam pembiayaan yang sebelum ini hanya memfokuskan kepada penerbangan, perkapalan, pelaburan pengguna.

“Selain dari hartanah yang baru diceburi, KFH melihat potensi baru iaitu perindustrian elektronik pada masa depan untuk diletakkan di dalam perancangan pembiayaan,” katanya lagi.
 

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bricks
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true hetfield...i too totally hate people who are anti-developental.....so stupid....very true sikit pun buat hal banyak pun buat kecoh aje....tak gunalah..this is a nice project suits the area very well....that place will be awesome after it's completion and also the d'piazza..suntech....wikiworld...etc...then after few years the completion of the whole queensbay...penang rocks....
 
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