George Town, Penang, Friday, 11 October 2013 \u2013 Penang\u2019s Chief Minister Mr. Lim Guan Eng today announced the setting up of a premium retail shopping outlet in Batu Kawan, the latest component in the State Government’s plan to develop Batu Kawan with new attractions towards a quality place to work, live, learn, shop and play. <\/p>\n
The Penang state government hopes that the Premier Shopping Outlet will help to make residential living in Batu Kawan more attractive for affordable homes built by the Penang Development Corporation (12,000 units). The Penang state government wishes to dispel negative perceptions that this new satellite township in Batu Kawan is inferior to living on the island.<\/p>\n
Covering an area of 40 acres, the international-class destination \u2013 which will include excellent facilities and scenic landscaping \u2013 is planned to include the following:
\n-An up-market outlet shopping mall tenanted by first-tier luxury international brands retailing branded items at discounted prices;
\n-A 300-room international-class hotel;
\n-Attractions such as caf\u00e9s and F&B outlets, and a landscaped garden with a children\u2019s playgrounds and residential units<\/p>\n
PDC had offered this catalyst project by open competitive tender. The project was awarded to PE Land Sdn Bhd , the successful tenderer and operates Sarawak\u2019s premier mall, Kuching\u2019s The Spring Mall – which will own, build and operates the facilities while CB Richard Ellis (Malaysia) Sdn Bhd will act as the principal consultant. Payment for the land premium of RM65.34 million will be within three months from the date of the Purchase and Development Agreement.<\/p>\n
Branded as Penang Designer Village of the GDV (Gross Development Value) of RM 1 billion, this outlet shopping mall and the hotel and developments related to it are expected to be completed within thirty-six (36) months from the date of the Purchase and Development Agreement.<\/p>\n
The development is in line with PDC\u2019s policy to promote and sell land to attract catalyst projects to Batu Kawan\u2019s Bandar Cassia which is targeted to provide other services like shopping outlets, specialist hospital, international school, and recreational facilities. Further announcements will be made shortly. These new investments are expected to help complement the rapid development of Batu Kawan which in recent years has witnessed the entry of premier companies such as Bose Systems, Honda, Malaysian Automotive Lighting and VAT Manufacturing.<\/p>\n
The PDC, in striving for sustainable development, is optimistic that the presence of companies such as PE Land and CB Richard Ellis will ensure successful implementation of integrated international-class lifestyle district, providing synergy and support for accelerating the growth and development of Batu Kawan.<\/p>\n
PE Land Sdn Bhd, with a paid-up capital of RM3.7 Million, is the property development arm of PE Holdings and under Pan Sarawak Group, while CB Richard Ellis is a Fortune 500 and S&P 500 company, headquartered in Los Angeles, and is also the world\u2019s largest commercial real estate services firm in terms of its revenue in 2011.<\/p>\n
—–Mandarin Version —<\/p>\n
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\u8fd9\u9879\u547d\u540d\u4e3aPenang Designer Village\u7684\u8ba1\u5212\uff0c\u603b\u53d1\u5c55\u4ef7\u503c\u4e3a10\u4ebf\u4ee4\u5409\uff0c\u5305\u62ec\u4f18\u60e0\u8d2d\u7269\u4e2d\u5fc3\u3001\u9152\u5e97\u53ca\u4ee5\u4e0a\u6240\u8ff0\u76f8\u5173\u53d1\u5c55\u9884\u6599\u5c06\u5728\u8d2d\u4e70\u4e0e\u53d1\u5c55\u5408\u7ea6\u4e4b\u65e5\u671f\u768436\u4e2a\u6708\u5185\u5b8c\u6210\u3002<\/p>\n
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George Town, Penang, Friday, 11 October 2013 \u2013 Penang\u2019s Chief Minister Mr. Lim Guan Eng today announced the setting up of a premium retail shopping outlet in Batu Kawan, the latest component in the State Government’s plan to develop Batu Kawan with new attractions towards a quality place to work, live, learn, shop and play. …<\/p>\n