Why PSR is important to Penang

Property News/ 13 June 2021 1 comment


Without the controversial Penang South Reclamation (PSR) project, the fishing community in the southern tip of the island will remain as they are.

Contrary to a recent statement, Chief Minister Chow Kon Yeow said the project would in fact improve the socio-economic situation of the fishermen.

Chow reiterated that through the PSR, now referred to as the Penang South Islands (PSI) project, Penang would create new land for industrial, commercial and residential development as well as create thousands of jobs.

He said the fishermen community would benefit from the Social Impact Management Plan (SIMP) and improve their socio-economic situation.

He added that their children would benefit from education, training and job opportunities.

“Without the PSR, the fishermen will just remain as they are. Penang will lose the chance to develop and create jobs for its citizens and the future generation.

“As such, the Penang government hopes the people, including the deputy minister, can understand why PSR is important to Penang,” he said today.

Last Thursday, Che Abdullah Mat Nawi described the project as a “disaster to Penang fishermen” and claimed that it would destroy the national fisheries sector.

His response came a day after Chow’s, who said the Penang government would proceed with the PSR.

Chow again reiterated that Penang does not have to choose between the PSR and safeguarding the fishermen and food security.

He stressed that the state could do both because fishermen would still be able to fish when the reclamation begins.

He said the PSR’s construction would only start with one island, and the development will take about 20 years.

“During that period, fishermen will still have unobstructed access to the sea. Therefore, we disagree with the deputy minister that PSR will be a disaster to fishermen.

“Another initiative under the PSR project is a 250m wide navigation channel that will provide fishermen 24-hour access to the sea, regardless of the tide. Presently, the fishermen must wait for high tide to go to sea.

“The state government will ensure mitigation measures will be implemented according to the 72 conditions stated in the project’s Environmental Impact Assessment (EIA) report by the Department of Environment (DoE). Ecology offset programmes that include mangrove planting, deployment of artificial reefs and fish aggregating devices, releases of fish and prawn fry, research funds and others will also be implemented.

“These measures will ensure the reclamation proceeds in a controlled manner to prevent pollution. The offset programmes will help create new habitats for marine life and boost fish stock, which contribute towards the sustainability of the fisheries sector,” he added.

Chow said, as mentioned before, fish landing in south Penang island only contributed four per cent to the whole state’s fish production in 2015, according to data from the Fisheries Department.

In the national context, fish landing from this area only made up about 0.2 per cent.

“We would also like to stress here that the area that contributed four per cent fish landing was not limited to only the PSR site. The whole fishing area for coastal fishermen in south Penang island is much larger and farther from the earmarked reclamation site. This means the fishermen will still have a wide area for their fishing activities.

“The state government does not intend to belittle the contributions of fishermen from the south Penang island fishermen units. They all contribute to the fisheries sector and the economy as well as provide food for the people.

“We appreciate the fishermen community and we want them to also progress together with the PSR. Therefore, we are implementing the SIMP to ensure fishermen from the Permatang Tepi Laut, Sungai Batu, Teluk Kumbar, Gertak Sanggul, Batu Maung, Sri Jerjak, Teluk Tempoyak, Pulau Betong and Kuala Sungai Burung units benefit from the project.

“We have said many times that the SIMP offers fishermen in south Penang island ex-gratia payments; aid in form of boats and engines; and four new fishermen jetties in Permatang Tepi Laut, Sungai Batu, Teluk Kumbar and Gertak Sanggul. It also offers business and job opportunities; training, free tuition, scholarships, and education opportunities for young fishermen and their children; housing initiatives; and others,” he said.

With all these measures, Chow noted, the state government could ensure development and environmental preservation, as well as safeguarding the welfare of all fishermen.

“We should not be forced to make only one choice,” he reiterated.

 Source: NST Online

Affected M40, T20 groups eligible to apply for financing repayment aid

Property News/ 13 June 2021 No comments


Individual customers and businesses whose income has been affected, including from the middle 40% (M40) and top 20% (T20) income groups, are eligible to apply for financing repayment assistance, said the Association of Islamic Banking and Financial Institutions Malaysia (AIBIM).

AIBIM president Datuk Adissadikin Ali said the qualification is in line with the presentation of the movement control order (MCO) 3.0 PEMERKASA+ assistance announced by the government early this month.

He said AIBIM member banks had devised a simple verification process and documentation requirements to make it easier for customers to obtain repayment assistance for this financing.

“Individual or business customers, other than the categories mentioned above, facing financial difficulties due to the pandemic or MCO can contact the respective banks for assistance relating to the appropriate rescheduling and restructuring of repayments,” he said in a statement today.

Adissadikin said approval is automatic for applicants who lost their jobs in 2020 or 2021 and still had no work while opting for assistance.

The assistance provided is a three-month deferral of financing repayment or a 50% reduction in financing repayment for six months, he said.

He said the six-month financing repayment reduction assistance according to the amount of income reduction is offered to applicants who are still working but had experienced a reduction in total income.

Source: EdgeProp.my


SITE PROGRESS: Orange BM (June 2021)

Property News/ 12 June 2021 No comments


About Orange BM

A commercial development by by Tah Wah Group at Bukit Mertajam. It is strategically located along Jalan Song Ban Kheng, adjacent to Taman Bukit Kecil. This development features a 28-storey commercial tower with 216 units of business suites. The project is now completed with CCC obtained!
(Photos taken last week of May 2021)

Find out more about Orange BM

Register your interest here. We will keep you updated.

(This information will be used to keep you updated on the project and future development.)
*By submitting this Form, you hereby agree to our PDPA Consent Clause.

Lockdown extended by two weeks, to June 28

Property News/ 11 June 2021 No comments


The nationwide lockdown will be extended for another two weeks from June 15-28, Senior Minister Datuk Seri Ismail Sabri Yaakob announced.

He said the Health Ministry had presented its report and proposed to the National Security Council (NSC) chaired by the Prime Minister for the lockdown to be extended.

He said the number of Covid-19 cases was still above 5, 000 daily with the average new cases at 6, 871 as of Thursday (June 10).

“Therefore, the lockdown will be extended for another two weeks, effective from June 15 to 28, ” he said in a statement Friday (June 11).

He said the list of standard operating procedures (SOP) for manufacturing, businesses and industries remains unchanged as what had been announced.

The lists of dos and dont’s are available at the NSC website www.mkn.gov.my.

Source: TheStar.com.my


Triuni Residences – Penang’s Most Coveted Addresses

Property News/ 11 June 2021 No comments


Contemporary, down to every thoughtful detail, from the architecture and landscaping to the sleek modern finishes, the Runnymede Group’s latest offering in Penang is nothing short of luxurious. In fact, this particular slice of Batu Uban is another crowning achievement to this niche property developer’s 25-year track record of pushing the boundaries of elegant, green-friendly, luxury real estate developments not just in Penang but also in Kuala Lumpur and Western Australia.

truini-residences-location-mapLocated within the 28-acre masterplan of The Sanctuary in Batu Uban – one of the island’s most exclusive and affluent neighborhoods – Triuni Residences commands stunning vistas of verdant hills, Pulau Jerejak and the Straits of Malacca. Spanning just over five acres of magnificently landscaped gardens, this landmark domicile blends an exclusively Australian-designed landscape with an internationally acclaimed architectural practice to bring to life homes and facilities that cater to all generations, at any stage of life, be it first-time homeowners to matured families and even retirees.

Where most Penang properties average 100 units per acre, this freehold investment with residential titles plies only 34 units per acre. Celebrated for its impeccable design, Triuni Residences @ The Sanctuary encompasses 552 units across three towers, flaunting less than 200 units per tower and no more than 10 units per floor. Each tower is serviced by three premium-efficiency elevators to ensure minimal wait time. For extended security and privacy, its wide landscaped driveway provides direct access to individual lift lobbies.

Triuni Residences’ unique detached and semi-detached designs promise the utmost in privacy, yet these lavish spaces unabashedly welcome invigorating beams of sunlight complemented by the refreshingly soothing sea air, enhancing your sense of space and well-being. Purposefully designed with practicality in mind, the residences range from three to five-bedroom units and interior areas varying from 840sf to 1,916sf.

Each unit has been meticulously planned to maximise space efficiency while segregating individual private and entertainment zones. To parallel its opulent persona, Triuni Residences employs high-quality finishings, homogeneous natural stone tiles and exquisite solid timber flooring. To ensure the best in work life balance, all units are conferred with a balconied study or personal office space boasting exhilarating views to motivate and inspire.

Beyond the walls of the residences lies an expansive communal area. An impressive haven in itself, this thematic resort-styled facility is spread across almost three acres of verdant green landscape designed exclusively for outdoor and recreational activities. At the centerpiece is a 40-meter, cascading infinity lap pool, flanked by multiple indoor gyms, flourishing herb and spice trails and contemplative gardens accommodating reflexology paths, chess tables, leisure pools, a jacuzzi, cabanas, an observatory deck and a full-scale children’s play area, complete with tree cubbies, a whirly pool with water jets.

When it comes to special occasions, residents need not have to leave the premises to host celebrations or gatherings. Triuni Residences offer the convenience of a wide choice of function rooms to accommodate groups of just about any size.

On a higher note, residents can take advantage of the Sky Garden. A stunning rooftop parcel of space plying unobstructed panoramas of the Penang skyline. Perfect for that “me-time” to unwind or quality time with a small circle of friends and family.

Seeking sojourn within The Sanctuary doesn’t mean you’re completely cut off from the outside world. While residents enjoy the isolation from the madding crowd, they’re also within easy connection of essentials and necessities. Strategically located between the first and second Penang Bridges, the development is only minutes away from the Bayan Lepas Industrial Free Trade Zone, Queensbay Mall, Pantai and Lam Wah Ee Hospitals, the Penang Golf Club, University Sains Malaysia, Inti International College, Fairview and Straits International schools as well as a host of local educational institutions.

To date, it’s become one of the most sought-after properties in Penang. In fact, Triuni Residences’ Tower A is near completion with only a limited number of 1,636sf and 1,916sf units available. Meanwhile, 70% of Tower B, comprising only 192 units, has already been snapped up in the last 8 months with limited availabilities of the 1,216sf and 1,302sf units. Tower C will be launching soon and is now open for registration.

Interested parties may find out more at the Runnymede Group (www.runnymede.com.my) or Triuni Residences (www.triuni.com.my) websites. Or call 04-659 8899/ 019-415 5881/ 012-519 7785 to speak to a Runnymede Group Sales Executive.