Wednesday, July 29, 2009

Restarting the Teluk Kumbar-Pekan Genting Road Construction

http://thestar.com.my/metro/story.asp?file=/2009/7/3/north/4230295&sec=north

THE RM57mil Teluk Kumbar-Pekan Genting road straightening and widening project in Penang is set to be revived as a new developer has been appointed to complete the abandoned project.

State Works, Utilities and Transportation Committee chairman Lim Hock Seng said the Federal Government had chosen Sarahon Construction Sdn Bhd, a Class A bumiputra contractor from Sarawak, to finish the project by late November next year.

“The company was awarded the contract with a value of RM42.05mil and given possession of the site on May 27.

The unfinished road structures at the Teluk Kumbar-Pekan Genting road will be finally completed by a newly appointed contractor by November 2010.

“The project was about 76% complete before it was abandoned. We have about 24% to go and under the contract with the new developer, work has to be completed within 78 weeks,” Lim said.

Asked why the completion of the project was projected so late despite more than three quarters of it being finished, Lim said the developer had to set up the basic infrastructure for work to proceed.

“The contractor will have to start anew in terms of work facilities as the ones that were there before had either been demolished, removed or stolen.

“They will have to do everything from setting up the official command post, installing a telephone line, making sure there is an adequate electricity and water supply and so on.

“It will take one to two months to have the work in full swing so the time frame in the contract allows for that,” he said.

An unfinished bridge, one of six to be built under the RM57mil Teluk Kumbar-Pekan Genting road straightening and widening project, will be finally completed by a newly appointed contractor.



The road straightening and widening project is slotted under Package 2B of a three-package project to straighten and improve the road between Bayan Lepas and Balik Pulau.

It commenced in April 2005 and was originally scheduled for completion in April 2007 but was abandoned in May last year after several extensions of the deadline.

The project, which is deemed to be crucial for positive development of the Balik Pulau area, involves the building of six bridges to cut off road bends that will make journeys to Penang island’s southwest area both safer and shorter.

“The construction of the road will shorten the drive (from Bayan Lepas to Balik Pulau) by about 10 minutes.

“The journey will also be cut down from 4.5km to 3.3km in distance. The road is very important for Balik Pulau’s growth and to uplift the surrounding areas,” Lim said.




Exact location of Palmyra on Wikimapia

For those who wish to take an aerial view of the Palmyra Residences project, you can head here:


http://wikimapia.org/#lat=5.3371563&lon=100.2148175&z=17&l=0&m=b





This is a simplistic map taken from Belleview's website, obviously not according to scale (click to enlarge):


Monday, July 27, 2009

Welcome!

Palmyra Residences, Balik Pulau, Penang.

This is our largest investment so far, taking risk, hoping that Balik Pulau will be a more develop by the time Palmyra is completed with the revived highway making the place more acessible from Bayan Lepas. We visited Pinang Village (by BSK) few days ago, the houses were actually quite nice and bigger, selling at RM388,888. However, the location of Palmyra is more strategic with many facilities established.

We placed a RM5000 booking fee for Type A (20x62) double storey terrace sold at RM398,900 last Friday (24th July). We had to make quick and prompt decision as the houses were selling like hot cakes. The property number 132 that we targeted at their Queensbay Mall exhibition were sold by the time we visited the show house in the evening. We had to settle for another unit (which we'll keep a secret here). We managed to secure the 5/95 loan package as well. EON Bank and AmBank are the developer's financing partners.

The prices as of 27th July 2009:
Type A Double Storey Terrace (20x60): RM398900
Type B Double Storey Terrace (20x64): RM424900

We visited the show room, the house is nicely designed, however some of the things I wish the developer will take note (saying this as a wife and a mother):
- include a balcony instead of letting the car park roof top go to a waste. At least we can hang our laundry there
- instead of having a maid's room, to have a nice 4th room with a window for ventilation. Not everyone can afford (or want) a maid.
- have 2 more air cond points for the 2nd and 3rd room
- have 2 more ceiling fan points for the 2nd and 3rd room
- the small balcony at the 2nd bedroom is not really necessary.

This is probably the biggest loan for people like us, young working adults to bear, so let's pray that prices will appreciate fast and Balik Pulau will be the next hot item in Penang!

photo from Belleview website

If you have any new updates on the project development or photos, pls send it to us at emandjay@gmail.com
We will give due credit to contributors should we decide to publish your contribution!