AMD Global Services will be the major tenant for the upcoming ‘GBS by the Sea’ project in Bayan Lepas.

GBS by the Sea, which is being developed by Penang Development Corporation (PDC), will have a total net lettable floor space of about 300,000sq ft. The project is scheduled to be completed in 2024.

The project includes a nine-storey office building and a six-storey multilevel car park to address the rising demand from Global Business Services (GBS), as well as technology and research and development (R&D) companies.

Chief Minister Chow Kon Yeow said AMD would be the major tenant for the ‘GBS by the Sea’ project, taking up about 209,000sq ft for the expansion of its operations.

PDC chief executive officer Datuk Aziz Bakar said the ‘GBS by the Sea’ would involve an investment of RM200 million, excluding the land cost.

AMD executive vice-president Datuk Devinder Kumar said the expansion in Penang marked a major milestone for AMD Malaysia.

“This significant announcement about our expansion is a testament to our commitment to Penang.

“The ‘GBS by the Sea’ building will house our new state-of-the-art office space and lab facility,” he said in his speech in Komtar today.

Devinder said Penang plays a crucial role in the global semiconductor ecosystem.

Praising Malaysia and Penang, Devinder said strategic location, culturally diverse population, and world-class talents were among the reasons AMD was established in Penang.

“Penang and Malaysia remain critical to our investment and growth even today,” he added.

Chow said AMD Malaysia, since its first assembly manufacturing facility in Penang in 1972, has now grown to employ over 800 people across two global shared services facilities in Penang and Cyberjaya.

“AMD has proven to be a strategic partner and advocate for Penang’s strong business environment, resilient semiconductor supply chain, and world-class talent.

“It is crucial for the state to ensure that its infrastructure can meet the long-term growth of industry players.

“The ‘GBS by the Sea’ is one of the initiatives that attests to the state’s commitment to sustaining Penang’s excellence.

“Penang is pleased to welcome the participation from industry players, deepening their roots in the state. The confidence from existing investors such as AMD augurs well for the state’s development, enabling Penang to constantly strive for greater heights,” Chow added.

Chow said the Penang government, together with InvestPenang and PDC as the facilitators, are committed to ensuring a smooth implementation of AMD’s expansion in Penang.

He also witnessed the document exchange ceremony between Aziz and Devinder.

Also present were Chow’s special investment advisor Datuk Seri Lee Kah Choon and InvestPenang chief executive officer Datuk Loo Lee Lian.

Source: Buletin Mutiara

A proposed landed housing development by GUH Development Sdn. Bhd. in Simpang Ampat. Situated along Jalan Simpang Ampat 5, it is just a few minutes’ walking distance from Iconic Point and about a 5-minute drive to the North-South Expressway. Being located next to Tambun Indah’s Pearl City township, the new houses will enjoy convenient access to all the amenities offered within the township.

This housing development comprises a total of 61 double-storey terrace houses, offering 5 different layout types.

The project is pending approval, more details are to be available upon official launch.

Project Name: (to be confirmed)
Location : Simpang Ampat
Property Type : Residential
Total Units: 61
Built-up Size: (to be confirmed)
Land Tenure : (to be confirmed)
Indicative Price : (to be confirmed)
Developer: GUH Development Sdn. Bhd.

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.

Laguna Bay Residences, affordable housing by Kobay SB Sdn. Bhd. at Teluk Kumbar. Located on an approximately 1-acre land off Lintang Teluk Kumbar 1, about 5 minutes walking distance from Lexis Suites, and less than 10 minutes drive from Penang International Airport. Communities within 1km radius include Taman Emas Flat, Sunway Aspera, Cascara 88 and Vanilla Bay Villa.

The upcoming development will showcase a residential tower of 31 floors, accompanied by a car parking podium spanning 9 levels. The units will offer a standard built-up area of 900 sq. ft. and a starting price of RM300,000. The majority of units are poised to have a breathtaking view of the Malacca Straits.

READ MORE ABOUT AFFORDABLE HOUSING:

• Eligibility and the requirement of buying affordable housing
• Full list of affordable housing in Penang

Project Name: Laguna Bay Residences
Location: Teluk Kumbar
Property Type: Affordable Housing
Built-up Size: 900 sq.ft.
Total Units: 342
Indicative Price: RM300,000 onwards
Developer: Kobay SB Sdn. Bhd.

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.

As one of Malaysia’s most renowned property developers which is best known for providing affordable yet quality housing projects throughout the country, Scientex has recently completed the construction of its Scientex Sungai Dua Sales Gallery. In conjunction with the completion of the sales gallery and to promote its upcoming 343 acres’ of mixed-use development, which consists of double storey terrace houses, shop offices, and so on. A grand launching ceremony was held on Sunday to officially celebrate the auspicious event.

Scientex’s new sales gallery is equipped with a Solar Photovoltaic system that generates an estimated 68,000 kilo-Watt-hours of green energy annually, helping to displace 40 metric tons of CO2 and cut down utility overheads by RM35,000. This reflects the company’s commitment to sustainable growth for a better tomorrow, which also aligned with the ESG concept of sustainability.

While presiding over the auspicious ceremony, Mr. Lim Peng Jin, who is the CEO of Scientex, remarked on how the company has emerged as one of the leading pioneers of Malaysia’s property market after successfully venturing out into other states including Penang since its establishment in Johor more than a decade ago.

“After having drafted all the exciting plans for the development of our previous project in January 2020, our country was not exempted from the Covid-19 pandemic which had brought adverse economic impacts and had halted the development of our project”, says Lim while reminiscing on the early days when their first project in Penang was beginning to be developed. “Despite the various challenges including the shortage of workers and materials, we managed to sold off all 2332 units of double terrace houses in two years’ time”, says Mr.PJ Lim while acknowledging the achievement of Scientex and thanking staffs of the company for pushing through their previous project during their initial venture in Penang.

Following the keynote speech, various exciting activities were also held throughout the fun-filled day which included a flag dance performance, lion dance, clown walkabout, face painting event, and an appearance by artist Iman Troye, entertaining families and kids. Additionally, two separate lucky draw sessions were featured, offering attractive prizes to be won by visitors.

As a mixed development project, Scientex Sungai Dua (Phase 1) features 309 units of double-storey terrace houses which is part of the Penang Affordable Housing Scheme. In terms of the layout of the entire housing project, a practical layout concept was adapted by Scientex while creatively incorporating modern and innovative elements into its exterior design to suit the evolving demands of the modern lifestyle. While keeping in mind the importance of providing utmost convenience to residents of the housing project, this mixed development project in Sungai Dua also houses various amenities such as shop offices, a leisure park and a multipurpose hall which are all located in close proximity to the existing township at Seberang Perai Utara District of Penang. As such, schools, markets, religious sites and other community facilities are all within easy reach and are easily accessible by residents of the area.

Apart from that, its unique selling point is the strategic location of the Scientex Sungai Dua housing project which boasts excellent connectivity to other major cities and townships in the region. With the Sungai Dua Toll Plaza being merely 7km away, the North-South Expressway and First Penang Bridge can be easily reached within 25 minutes. On top of that, the recently-completed access road linking Jalan Gelugor with Jalan Tun Hamdan Sheikh Tahir has also significantly shortened the distance between Scientex Sungai Dua with the township of Bertam which residents of the Sungai Dua housing project can now access much easier than before. Besides that, as the nearest KTM Station is only a 5-minute drive away from the housing project, commuting to other major cities and townships of Malaysia via the country’s advanced railway network has now been made easier for residents of the housing project.

Taking into account the importance of the location of a housing project to future growth and capital appreciation, Scientex Sungai Dua is the ideal choice either as a residence for personal use or real estate investment with high potential returns. Priced at only RM248,800* per unit, Scientex Sungai Dua is undoubtedly one of the best bargains that a home buyer can ever ask for due to its affordable price point. With the development of this housing project, Penangites will definitely benefit immensely from Scientex’s commitment in delivering affordable housing projects in Penang.

For further enquiries and information regarding Scientex Sungai Dua, enquiries can be made directly to the customer service representatives of Scientex at 012-4775583 or via email at penang@scientex.com.my.

Codrington Residence, a luxury residential development within the upscale neighborhood of Pulau Tikus. Undertaken by Primary Spectra Development Sdn. Bhd., the proposed project will be located along Lebuhraya Codrington (Codrington Ave), opposite the junction of Jalan Yeoh Guan Seok. It is just a stone’s throw away from Moulmein Rise by Belleview Group, less than 5 minutes drive to Gurney Drive.

This new development boasts an impressive 29-storeys condominium featuring 198 units in total, with only 11 units per floor, ensuring low density and a sense of exclusivity. The units feature a range of contemporary layouts, starting from 1,300 sq.ft. With attention to detail and a focus on modern design, the development promises to offer a luxurious lifestyle for those seeking high-end living in the heart of the city.

Project Name: Codrington Residence
Location : Pulau Tikus
Property Type : Condominium
Total Units: 198
Built-up Size: 1,300 sq.ft onwards
Land Tenure : (to be confirmed)
Indicative Price : (to be confirmed)
Developer: Primary Spectra Development Sdn. Bhd.

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.