Arya Terraces @ IJM Bayouri

Nibong Tebal/ 27 May 2024 No comments


Arya Terraces is the first phase of the landed residential component in the 70-acre freehold township development by Chen Yu Land Sdn. Bhd., a subsidiary of IJM Land, located in Nibong Tebal. The development is strategically situated near the entry point of the Jawi toll, approximately a 12-minute drive south of the Penang Second Bridge. It is also in close proximity to several public amenities and government offices, including the Land & District Office, District Education Office, and District Police Headquarters.

The development features a total of 100 double-storey terrace homes. Each unit has a typical lot size of 22′ x 65′ and a built-up area of approximately 1,913 square feet onwards. The homes include four bedrooms and four bathrooms. Prices start from an indicative price of RM918,000 onwards.

Project Name: Arya Terraces @ IJM Bayouri
Location : Jawi/Nibong Tebal
Property Type : Terrace
Built-up Size: 1,913 sq.ft. onwards
Land Tenure : Freehold
Indicative Price : RM918,000 onwards
Developer: Chen Yu Land Sdn. Bhd. (IJM Land)

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DISCLAIMER: This article is solely based on research done using publicly available data. This is not an advertisement. Any claim, statistic, quote or other representation about a project or service should be verified with the developer, provider, or party in question.

Scientex acquires land in Seberang Perai for RM462.50 million

Property News/ 26 May 2024 No comments


Property developer Scientex Bhd announced on Friday its acquisition of 708.5 acres (286.72 hectares) of land in Southern Seberang Perai, Penang for RM462.50 million. The acquisition is aimed at expanding its land bank for future mixed-property development.

The newly acquired land is strategically located, being 17km from Batu Kawan Industrial Park, 6km from Plaza Tol Jawi, within a 10km radius of Nibong Tebal Town, and approximately 5.5km from Sungai Jawi Town. It is also near the Bukit Jawi Golf Resort and the Universiti Sains Malaysia Engineering Campus.

Scientex plans to develop this land into a mixed-property development, although the potential gross development value and specific project details are yet to be determined. The acquisition will be financed through internally generated funds and bank borrowings.

This move aligns with Scientex’s goal to build more affordable homes, aiming to complete 50,000 affordable homes nationwide by 2028. “The land is expected to provide a steady and sustainable property development model, as the Scientex group continues to focus on affordably priced landed properties, where demand remains firm and resilient,” the company stated.

The acquisition is anticipated to be completed in the first half of 2025. This follows Scientex’s April announcement that it had handed over 35,062 affordable houses, with about 70% sold below RM300,000 per unit.

Scientex, which began its property division in Johor, has since expanded to Melaka, Negeri Sembilan, Selangor, Perak, Penang, and Kedah, and internationally to Bangkok and Jakarta through joint ventures.

The company reported a net profit increase of 33% to RM141.01 million for the second financial quarter ended January 31, 2024, with revenue rising 12% to RM1.09 billion.

SPIL breaks ground on RM6bil semiconductor plant in Batu Kawan


Siliconware Precision Industries Co., Ltd. (SPIL), a leading global semiconductor packaging and testing company, celebrated the groundbreaking of its Malaysia P1 plant at Bandar Cassia Technology Park in Pnenag. This state-of-the-art 8-hectare facility, representing a RM6 billion investment, is expected to create nearly 3,000 skilled jobs over the next 15 years. The plant will feature advanced packaging and testing technologies, including wafer bumping and wafer-level chip packaging, enhancing efficiency and competitiveness in the semiconductor industry.

The ceremony was graced by prominent figures, including YBhg. Dato’ Hairil Yahri Yaacob, Secretary General of MITI; Mr. Sivasuriyamoorthy Sundara Raja, Deputy CEO of MIDA; Dato’ Loo Lee Lian, CEO of InvestPenang; and Mr. Michael Chang, CEO of SPIL Malaysia. Their attendance highlighted the significance of this project to the region and the industry.

YB Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of MITI, warmly welcomed SPIL’s investment. He emphasized that this development affirms Malaysia’s position as a preferred destination for global semiconductor companies. He noted, “The National Semiconductor Strategic Task Force (NSSTF) and MIDA’s expertise are key to the New Industrial Master Plan 2030, aiming to increase economic complexity, forge stronger global linkages, and create high-paying jobs for Malaysians.”

Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, underscored the benefits of SPIL’s investment, stating, “This facility enhances Malaysia’s semiconductor ecosystem, creating high-value engineering jobs and accelerating the export of Malaysian products globally.” He added that this project positions Malaysia as a key player in the international semiconductor market, driving sustained economic growth.

Dato’ Loo Lee Lian highlighted Penang’s substantial contribution to the semiconductor sector, stating, “Penang is proud to host SPIL, reflecting foreign investors’ confidence in our region as a hub for advanced technologies. This facility will advance Penang up the value chain, reinforcing its reputation as the Silicon Valley of the East.”

Mr. Michael Chang, CEO of SPIL Malaysia, expressed gratitude to MIDA and InvestPenang for their support. He stated that the P1 plant will foster innovation, cultivate semiconductor talent, and enhance technological capabilities in Penang. He emphasized SPIL’s commitment to environmental sustainability, aiming for GBI Green Globes Certification and a net-zero carbon reduction goal by 2050.

As part of ASE Technology Holding, the world’s largest packaging and testing group, SPIL is expanding its global footprint with the P1 plant. This initiative introduces advanced packaging technology, strengthens the packaging and testing industry, and drives innovation and economic growth in Penang and beyond.


SITE PROGRESS: Maldives Residences (May 2024)

Property News/ 25 May 2024 No comments


About Maldives Residences

A residential development by Ideal Property Group at Bayan Lepas. Strategically located along Jalan Sungai Tiram 6, just across the road from Havana Beach Residences. It is conveniently connected to Jalan Tun Dr Awang, less than 2km away from Penang International Airport. This development comprises 46-storey building with 4 residential towers. It features a mix of affordable and upgraded units, with a built-up size of 850sq.ft. onwards.

Find out more about Maldives Residences

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Commuters celebrate upgraded Sungai Nibong Bus Terminal

Property News/ 24 May 2024 No comments

Source: The Star

Commuters in Penang are delighted with the newly upgraded Sungai Nibong Bus Terminal (TSN), which now offers significant improvements aimed at enhancing user experience. Regular commuter Chum Soon Choi, 60, praised the new e-ticket system, saying, “The e-ticket system is more convenient for commuters compared to how we were previously harassed by ulat tiket (ticket touts).” He also noted the more user-friendly waiting areas, improved seating, and better information displays, although he suggested that installing air-conditioning would make the terminal even more comfortable.

Marketing executive Syaira Bahari, 25, from Kuala Lumpur, echoed these sentiments. “It’s spacious now. It is well-lit at night too, and has become a comfortable place for commuters to wait for buses,” she said, recommending the addition of more eateries for greater convenience.

The RM7 million upgrading project, which began in August 2021 and was completed last month, was launched by state local government committee chairman Jason H’ng Moon Lye. The building, owned by the Penang Island City Council (MBPP), was developed in collaboration with terminal management company Easybook (M) Sdn Bhd, UDA Holdings Bhd, and agencies under the Entrepreneur and Cooperatives Development Ministry, as reported by The Star newspaper.

H’ng highlighted the terminal’s popularity, noting that approximately 1,000 people use the terminal daily, with the number tripling during festive seasons. He commended MBPP and Easybook for their successful collaboration despite the challenges posed by the Covid-19 pandemic recovery phase.

Since 2021, Easybook has operated the bus terminal with management rights extending until this August. During this period, the company has been responsible for upgrading and constructing additional terminal buildings, as well as overseeing fee collection, management, operational supervision, cleanliness, and security systems.

Easybook is the largest integrated and online ticketing operator in Malaysia, managing operations at various terminals across the country and Southeast Asia. CEO and founder William Lee explained that the TSN upgrade included modern systems such as the Easybook Terminal Management System (ETM), which encompasses a Centralised Ticketing System (CTS), Terminal Operating System (TOS), and Passenger Information Display System (PIDS) modules, as implemented by the Land Public Transport Agency (Apad).

Originally built in 2004, the terminal’s upgrade cost increased from an initial RM6.2 million to RM7 million due to rising construction costs and additional improvements, including five-star-standard restrooms, new floor tiles, and upgraded infrastructure.

UDA Group Asset Management chief operating officer Azrudyn Rashid announced that TSN would be integrated into the light rail transit (LRT) system, currently in the early stages of development. The alignment will run from Penang Sentral on the mainland to Macallum on Penang Island, passing through key areas and extending to Silicon Island.

Transport Minister Anthony Loke recently announced that the Federal Government has taken over the Penang LRT Mutiara Line project, with Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) appointed as the developer and asset owner. The project procurement is divided into three main components: civil construction works for Segment 1 (Silicon Island to Komtar), civil construction for Segment 2 (Komtar to Penang Sentral), and a turnkey contract for system and carriage works.