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THE LIGHT WATERFRONT | Penang | U/C

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Mixed-Developmentscompleted, refurbished and ongoing mixed-developments projects

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November 24th, 2007, 07:43

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proud_penangiteI'm sexy and I know it

Join Date: Jun 2007

Location: Penang + Klang

Valley

Posts: 644Likes (Received): 2

THE LIGHT WATERFRONT | Penang | U/C

A Mega Icon

DESIGNED AS PENANG'S FIRST INTEGRATED LEISURE / RETAIL / ENTERTAINMEN

WITHIN AN UPMARKET AND LUXURIOUS WATERFRONT LIVING ENCLAVE, THE LI

EXPERIENCE FOR PENANG VISITORS AND ITS RESIDENTS.

This site will have a commercial district with dining promenades, different malls fo

upmarket fashion-conscious types, four hotels ranging from family to resort, bout

LIGHT WATERFRONT | Penang | U/C - SkyscraperCity http://www.skyscrapercity.com/showthread.php?

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floating cultural theatre and convention centre.

This project represents one of the highest proportions of leisure-based services an

As a day-out experience for families, a hip hangout for young techo-savvy or a ne

regional and international visitors, THE LIGHT will celebrate the spirit of Penang's

exotic heritage.

But most of all, it will offer an iconic landmark to distinguish Penang as a world cl

living resort and lifestyle hub of the highest international standard.

THE LIGHT will become an example of the next generation of developments for Pe

Asia.


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p/s: for more info visit http://www.thelightwaterfront.com/

Sponsored Links

November 24th, 2007, 07:45 PM #2


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Join Date: Jun 2007Location: Penang + Klang

Valley

Posts: 644

Likes (Received): 2

cant wait for this project to be completed!

November 24th, 2007, 08:57 PM #3

liping_tRegistered User

Join Date: Sep 2003

Location:

Minneapolis/Calgary/KL

Posts: 471

Likes (Received): 0

Sounds like they took the name from a Sci-fi/Fantasy book :P But it does

look promising. Their map shows the location smack near the Penang

Bridge though, which means they have to ensure proper traffic flows to

ensure success

November 25th, 2007, 03:06 AM #4

tomkatBushido

Join Date: Oct 2003

Location: Tokyo

Posts: 720

Likes (Received): 47

A better location for PGCC. Move the PGCC towers to this waterfront

development.

November 25th, 2007, 04:38 AM #5

jlshyangRegistered User

Join Date: May 2005

Location: |Penang|

|Aberystwyth| |Kuala Lumpur|

Yet another luxurious development in Penang. They think all Penangites are

rich? We need more middle/upper-middle cost apartments rather than all

this!


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Posts: 1,292

Likes (Received): 9

November 25th, 2007, 06:24 AM #6

skyscraperboy

Registered User

Join Date: Nov 2006

Location: Beijing, China

Posts: 1,049


WOW. Another cool project 4 Penang!

__________________ BorntobeKhalifah

November 25th, 2007, 06:37 AM #7

Arkdriversa isip, sa salita

Join Date: May 2007

Location: penang, cyberjaya,

muntinlupa,singapore,

sunshine coast

Posts: 2,103


Quote:

Originally Posted byjlshyang

Yet another luxurious development in Penang. They think all

Penangites are rich? We need more middle/upper-middle cost

apartments rather than all this!

this is mixed development project. We'll see if there's enough buyer to

justify the cost. Cant just build more apartments. Let other companies do

that. Penang affluent community is growing and i believed this project will

be sustainable.

November 25th, 2007, 07:31 AM #8

allurbanAll Urban

Join Date: Apr 2006

Location: Toronto, Kuala

Lumpur

Posts: 4,421

Likes (Received): 4

more waterfront development in Penang....

they are aware of the rising sea levels all over the world, right?

sigh...are there any open (as in, not carved up) beaches left in the island?

Batu Ferrenghi is pretty much carved up...

Cheers, m

November 25th, 2007, 01:18 PM #9


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SEEDRegistered User

Join Date: Oct 2002

Posts: 3,337

Likes (Received): 4

now thats more like it! wheres the location?

November 25th, 2007, 02:51 PM #10


Join Date: Jun 2007

Location: Penang + Klang

Valley

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near the penang bridge along the jelutong expressway i guess so

November 25th, 2007, 06:47 PM #11


Join Date: May 2005

Location: |Penang|


Posts: 1,292

Likes (Received): 9

Quote:

Originally Posted by ssangyongs

this is mixed development project. We'll see if there's enough buyer

to justify the cost. Cant just build more apartments. Let other

companies do that. Penang affluent community is growing and i

believed this project will be sustainable.

I have no objections to the project. It's just that residentials being built all

over Penang including in this mixed-development project are all on the

higher-end and the developers' are all out to attract foreign buyers. What

about the average Penangites? Majority are in the middle-income class.

The state government doesn't seem to care by approving more high-end

developments while neglecting the need for more affordable housing (not

low-cost as there are many now along Jelutong Expressway but

middle/upper-middle cost apartments. Eg. within the RM 300,000-

RM500,000 range).

Last edited by jlshyang; November 25th, 2007 at 06:57 PM.

November 26th, 2007, 04:52 AM #12


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rizalhakimPROUD 2 B MALAYSIAN

Join Date: Nov 2007

Location: KL

Posts: 34,915


r we trying 2 be the next singapore n hk? plzz dont but this is one of the

best project in png....

November 26th, 2007, 05:36 AM #13

WhySRegistered User

Join Date: Mar 2007

Posts: 109Likes (Received): 0

Quote:

Originally Posted byjlshyang

I have no objections to the project. It's just that residentials being

built all over Penang including in this mixed-development project

are all on the higher-end and the developers' are all out to attract

foreign buyers. What about the average Penangites? Majority are in

the middle-income class.

The state government doesn't seem to care by approving more

high-end developments while neglecting the need for more

affordable housing (not low-cost as there are many now along

Jelutong Expressway but middle/upper-middle cost apartments. Eg.

within the RM 300,000-RM500,000 range).

No doubt this is very impressive project ; We all should proud of it .

However , do average middle-income penangites really need this kind of

mega structure ( or PGCC ) ? Those millionaire life will become more luxury

and richer but poor still continue poor ... Anyhow , must thanks to IJM

which manage to build some medium low and medium cost apartment such

as Pinang Court , Ocean View , The Spring ...etc at Sungai Pinang areas ,

let middle class ppl also able to enjoy " water front " living ; Just hope thatcurrent reclaiming jobs and future "The Light" Project won't block the view

from there

November 26th, 2007, 05:42 AM #14

TWK90Infrastructure

Join Date: May 2007

Location: Petaling Jaya

Posts: 3,922


I like it, it's beautiful indeed, is it just me who thinks that Penang projects

these day has just got better and bigger in terms of size and scale?

November 26th, 2007, 07:14 AM #15


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taro_80Registered User

Join Date: Nov 2007

Posts: 88

Likes (Received): 0

why malaysia projects always need to take long timeframe to complete

ar?? 10-15years...while the phase3 complete, phase 1 become old ady

=.="

November 26th, 2007, 07:22 AM #16


Join Date: Nov 2007

Location: KL

Posts: 34,915


we dont have a big budget....dats y....we r not like those in dubai.....

November 26th, 2007, 11:02 AM #17


Join Date: Nov 2007

Location: KL

Posts: 34,915


IJM Corporation lancar projek pembangunan RM6.5b

PULAU PINANG 23 Nov. IJM Properties Sdn. Bhd., bahagian hartanah IJM

Corporation Bhd., melancarkan projek pembangunan bersepadu dan

komersial bertaraf dunia bernilai RM6.5 bilion dalam tempoh 15 tahun akan

datang.

Projek yang diberi nama The Light itu akan dibangunkan atas tanah yang

ditambak di laluan Lebuhraya Jelutong seluas 135 hektar.

Ia melibatkan pembinaan pusat kediaman mewah bersepadu, pusat

hiburan, pendidikan dan perniagaan.

Ketua Pegawai Eksekutif dan Pengarah Urusan IJM Corporation Bhd., Datuk

Krishnan Tan berkata, The Light bakal menjadi mercu tanda baru di Pulau

Pinang, sekali gus menukar bandar itu kepada konsep perbandaran moden

dan bersepadu.

Projek yang mengandungi tiga fasa itu akan dimulakan tidak lama lagi

dengan fasa pertama dijangka siap lima tahun lagi, mengandungi enam

bahagian kediaman mewah sebanyak 1,186 unit rumah di kawasan seluas

16.8 hektar yang menghadap laut, katanya kepada pemberita selepas

pelancaran The Light oleh Ketua Menteri Tan Sri Dr. Koh Tsu Koon, di sini

hari ini.

Bagi fasa kedua pula mengandungi pusat komersial di kawasan seluas 41

hektar.

Ia akan mengandungi menara, hotel, pejabat dan bilik pameran,

kemudahan persidangan, dewan budaya dan pusat lawatan.

Fasa tiga akan dibangunkan di kawasan seluas 2.8 hektar mengandungi

taman bersepadu menghadap laut.

Menurut Tan, The Light akan dibina bermula dari kawasan komersial e-Gate


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sehingga ke Jambatan Pulau Pinang dan kerja-kerja menambak tanah akan

dilakukan di sepanjang laluan tersebut.

November 26th, 2007, 02:23 PM #18


Join Date: May 2005

Location: |Penang|


Posts: 1,292

Likes (Received): 9

Quote:

Originally Posted by WhySNo doubt this is very impressive project ; We all should proud of it .

However , do average middle-income penangites really need this

kind of mega structure ( or PGCC ) ? Those millionaire life will

become more luxury and richer but poor still continue poor ...

Anyhow , must thanks to IJM which manage to build some medium

low and medium cost apartment such as Pinang Court , Ocean View

, The Spring ...etc at Sungai Pinang areas , let middle class ppl also

able to enjoy " water front " living ; Just hope that current

reclaiming jobs and future "The Light" Project won't block the view

from there

Exactly. I am hoping IJM will build somemore medium-cost apartments likeBayswater. Anyway, with the Light Waterfront project, Bayswater's sea

view will be blocked in the future.

November 27th, 2007, 08:55 AM #19

Arkdriversa isip, sa salita

Join Date: May 2007

Location: penang, cyberjaya,

muntinlupa,singapore,

sunshine coast

Posts: 2,103


i think it's only natural when prices of land/property goes up, people with

lower purchasing power to upgrade their residence in hot developing area

move somewhere else where the prices is lower and affordable. This trend

is also happening in Penang. Just like in KL where people especially first

time buyers looking to buy a property, unless they can afford it, many will

choose to live outside KL to places such as Seremban, Semenyih, Sepang

and Klang. Because land price are increasing dah by day. It's so hard for a

rm3000 guy to buy his/her first property in areas like TTDI, Wangsa Maju

(landed), Bandar Utama, PJ etc.

This is similar situation happening in Penang. We cant blame the

government for giving easy approval for high end project like this one. If

government approves low-end/cheap project to be built there instead of

expensive and high end, we could say that development is nearing

stagnation. We're not going anywhere and Penang will continue to be

inhabited by lower income people where actually it should be best to let

development continue its natural growth.

People who wants to afford a landed property/condos but will lower price

will naturally fleeing the island. Like Klang Valley, there are many other

satellite towns who fits their criteria such as BM, SP, Kulim, Butterworth.

And the recycle will continue once the satellite town also move up the price

chain in 30-40 years.

November 27th, 2007, 05:48 PM #20


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Join Date: May 2005

Location: |Penang|


Posts: 1,292

Likes (Received): 9

Quote:

Originally Posted by ssangyongs

i think it's only natural when prices of land/property goes up,

people with lower purchasing power to upgrade their residence in

hot developing area move somewhere else where the prices is

lower and affordable. This trend is also happening in Penang. Just

like in KL where people especially first time buyers looking to buy a

property, unless they can afford it, many will choose to live outside

KL to places such as Seremban, Semenyih, Sepang and Klang.Because land price are increasing dah by day. It's so hard for a

rm3000 guy to buy his/her first property in areas like TTDI,

Wangsa Maju (landed), Bandar Utama, PJ etc.

This is similar situation happening in Penang. We cant blame the

government for giving easy approval for high end project like this

one. If government approves low-end/cheap project to be built

there instead of expensive and high end, we could say that

development is nearing stagnation. We're not going anywhere and

Penang will continue to be inhabited by lower income people where

actually it should be best to let development continue its natural

growth.

People who wants to afford a landed property/condos but will lower

price will naturally fleeing the island. Like Klang Valley, there are

many other satellite towns who fits their criteria such as BM, SP,

Kulim, Butterworth. And the recycle will continue once the satellite

town also move up the price chain in 30-40 years.

It's only fair if there's a balanced development on the island. I didn't say

the government should only approve low-end/cheap developments, please

do not put words into my mouth. The type of residential property should be

consistent with the purchasing power of the state. In KL, the purchasing

power is higher and there is ample land to build but land in Penang is

scarce, you cannot have all high-end properties build on the island while

those who cannot afford simply leave the island. The so-called satelite

towns of Penang with the exception of maybe BM and Butterworth are

largely undeveloped even though many Penangites have moved there.

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