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Thread: Penang reclaiming land for new island

  1. #1
    Blue blood

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    Default Penang reclaiming land for new island

    ST Foreign Desk ‏@STForeignDesk 29m

    #Top pick on #STAsiaReport: #Penang reclaiming land for new island [url]http://bit.ly/1jIbMGs[/url] #Malaysia




    THE northern coast of Penang is set to change dramatically following the state government's recent approval for a 308ha island to be built, to allow for more housing and recreational facilities.

    The mega reclamation project is being undertaken by Eastern & Oriental (E&O), a developer known for its luxury properties as well as the well-received refurbishment of Penang's famed E&O Hotel and Lone Pine Resort.

    Deputy managing director Eric Chan said work could begin by the year-end, with the new island due to rise from the sea in two years.

    The project, called Seri Tanjung Pinang Phase Two (STP2), is about 15 minutes away from downtown George Town. When completed in 15 to 20 years, it will have 12,000 homes for around 50,000 people. About 20 per cent of the land area will be set aside for commercial properties and 15 per cent for "green lungs".
    - See more at: [url]http://www.stasiareport.com/the-big-story/asia-report/malaysia/story/penang-reclaiming-land-new-island-20140623#sthash.Yut0Aaya.dpuf[/url]

  2. #2
    Newbie

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    Penang a nice place to stay ?

    Heard their property prices also run up by quite a bit...
    Not too sure got any restriction to get a house there ?


    But known for their nice food..

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