PICC (Penang International Commercial City)

Bayan Lepas, Penang, Malaysia
Hunza Properties Group
From HK$2,000,000 & up
5.331578
100.284860
17
PICC (Penang International Commercial City)
1

PICC is set to be the first comprehensive integrated development with smart city features in Penang! From HK$2M & up!

 

PICC and Alila2 Exhibition Details

We will be presenting about two projects, PICC and Alila2, at the exhibition. For more details about Alila2, please click here:

Exhibition Date: August 23rd to 25th, 2019 (Friday to Sunday)

Time: 10am to 7pm

Venue: Jade Land Gallery & Event Space - UG/Floor, Winway Building, 50 Wellington Street, Central (Next to Yung Kee Restaurant)

Click here to register your attendance: https://forms.gle/Bq6tNSgsvYEBFhcR6

Inquiries: +852 2869-6683 or [email protected]

*Special Exhibition Offer: Free MM2H (Malaysia My Second Home) Application offered for new purchasers of PICC or Alila2 at the event

*subject to terms & conditions

 

PICC Project Highlights:

 

  • PICC is a comprehensive integrated development with smart city features – the first of its kind in Penang!
  • Integrated development comprising of a lifestyle shopping mall, medical centre, A-grade office, 5-star hotel, F&B Boulevard, Central Park and residences.
  • Located right next to the Penang Golf Club & SPICE Convention Centre in the district of Bayan Lepas
  • Only a 10-min drive to the two Penang Bridges and Penang International Airport
  • Sizes range from 1,087 to 1,862 sq. ft. (3 bedroom layouts plus study room options)
  • 7 levels of facilities including an infinity pool, hydro gym, mini theatre & more!
  • Starting from only HK$2M, including a minimum of 2 parking spaces

 

In the recent few years, the state of Penang in Malaysia has become an investment hot spot for Hong Kong investors. This former British colony is one of Malaysia’s most vital economic powerhouses, having the highest GDP per capita in the country next to Kuala Lumpur. It is one of the best cosmopolitan places for living and commerce, with progressive infrastructure and skyscrapers coexisting with well-preserved colonial buildings.

 

About PICC

PICC is a multi-billion dollar integrated development set on an expansive 43-acre piece of freehold land situated in the new business district of Bayan Lepas. This groundbreaking project is set to be the first comprehensive mixed development with smart city features in Penang. The integrated complex includes A-grade offices, residences, a lifestyle mall, medical centre, 5-star hotel, F&B Boulevard and a Central Park; in which all amenities are seamlessly connected through covered bridges and pedestrian pathways. It is the brainchild of the leading property developer, Hunza Properties Group, exemplified by its portfolio of over 10,000 condominiums, townships and commercial properties throughout Malaysia. The company has greatly contributed to the transformation of Penang’s skyline, boasting its flagship development, the Gurney Paragon Mall waterfront complex on Gurney Drive.

 

About Bayan Lepas District

Bayan Lepas is an up-and-coming district found on the southwestern part of Penang Island. It is also where the Penang International Airport and the Free Industrial Zone is found - housing over 300 multinational firms with established manufacturing facilities and assembly lines here at this bustling hub. In fact, Penang’s renowned moniker of “Silicon Valley of the East” was taken after this zone, truly the lifeblood of this state’s economy. The Southwest District of Penang has been earmarked by the state government as a major focus in its ‘Penang 2030’ economic transformation plan that aims to improve infrastructure, amenities and living exuberance.

In view of promoting a dynamic new economy on the island, PICC offers well-equipped A-grade offices designed for Business Process Outsourcing (BPO). Here global companies will contract non-primary activities to local third-party providers for services such as finance, human resource, procurement and IT support.

 

Future Traffic Plan

The state government is investing approximately HK$46 billion in the 10-year Penang Transport Master Plan with the purpose of enhancing the infrastructure of Penang Island and the Mainland. This includes incorporating monorail and Light Speed Rail (LRT) transit lines, tram lines, additional main highways and an undersea tunnel.

Within PICC, the developer is implementing a comprehensive future traffic plan to ease traffic and to create unparalleled connectivity on the main road via contructing a 4-lane 2-way underpass (leading directly to the airport), a 2-lane directional flyover leading vehicles directly into the complex and a seamless LRT station access. In recognition of its exceptional contribution to society, Hunza was granted permission by the government to incorporate the “P” for Penang in the project name of PICC. With the first-rate infrastructure and strategic connectivity to integrated convenience, PICC will usher in a new age of global living.

 

More about Muze

Muze is the first phase of residential offerings in PICC featuring a total of 846 residential units with a 10 level car park podium. Muze comprises of 2 sleek residential towers of 52 and 58 storeys overlooking unobstructed views of the prestigious Penang Golf Club, SPICE Convention Centre and the PICC Iconic Tower. This residence features a variety of layout choices each fitted with a balcony that combine luxury living and practicality designed for progressive urbanites to fulfil every aspiration.

With facility areas across 7 levels, a relaxing environment will be created for you to chill out and indulge your mind. There is the Escapade on the ground floor for sports and recreation, a “Social Square” with avenues for engaging with the community and “Chillscapes” that span across several levels to offer relaxation and entertainment. Above it all on levels 40 and 41 is the Muze Club which is an exclusive area to enjoy entertainment and leisure choices.

With Hunza’s successful track record for building and managing the Gurney Paragon Mall, the new lifestyle mall directly connected to Muze is destined to be the destination for chic fashion, culinary abundance and entertainment.

 

Smart Home Features

Implementing the latest in smart home technologies, experience an augmented lifestyle with personalised control of your home. Smart home features allow for remote access of your home control systems through the mobile app or automated schedules set up based on your own personal preferences.

An Integrated Home Control system manages security, utilities and comfort through wireless sensors. These include: a heat detector, smart door lock, motion sensor, smart switches for air-conditioners and lights and much more!

PICC will soon become the first development in Penang to incorporate an all-encompassing smart city function as well. All amenities including on-demand medical and mall services are at your fingertips.

 

Penang in a nutshell:

Penang is a globally renowned holiday destination famed for its soft sandy beaches and mouthwatering street food yet with the modern convenience of being a cosmopolitan city. It is a tropical island state comprising of Penang Island and the mainland situated on the northwestern part of Malaysia. Only a 3.5 hour direct flight to Penang International Airport via Cathay Dragon from Hong Kong.

Once a british colony, Georgetown - the capital of Penang - was conferred the status of being a UNESCO World Heritage site in 2018 where perfectly preserved colonial buildings can be found adjacent to Chinese shop lots. Cultural sights are in abundance!

Known as the "Food Capital of Malaysia" - for all you foodies out there, prepare to indulge in flavoursome assam laksa, char kway teow and durian of course!   

Seafront shopping malls are found along the new city centre, Gurney Drive. Be sure to visit the contemporary Gurney Paragon Mall by Hunza Properties Group there!

Penang has an established economy split between tourism (49.2%) and the manufacturing sector (44.6%). 300 multinationals have existing manufacturing facilities in operation there with the majority focusing on the creation & packaging of high-tech products. Each year, Penang receives 7.8 million tourists looking to explore and the city or notably to complete medical check-ups at the city's world-class hospitals.

Reminiscent to Old Hong Kong in the 60s in terms of its geographic landscape, colonial history and East Meets West architecture, Penang is a delight to the people of Hong Kong!

With its limited developable land, stable economy and young population, it is not a surprise that Penang was ranked no.1 in Malaysia as the most attractive place for investment by Knight Frank Malaysia!

 

More Details:

Relatively High GDP Growth

Malaysia has a relatively higher GDP growth of 4.9% compared to mature economies

alila2-penang-malaysia-hunza-gdp-growth-comparison-emerging-mature-economies-chart

Relatively Low Price Per Sq.Ft.

alila2-penang-malaysia-hunza-property-price-per-sq-ft-comparison-emerging-mature-economies-chart

 

Exciting New Infrastructure Developments - Penang Transportation Master Plan

In 2015, the Malaysian government confirmed the Penang Transport Master Plan in which RM$27billion will be invested into upgrading the city’s public transport networks. The plan involves incorporating 4 LRT and monorail lines, a tram network, 3 highways & roads, and 1 undersea tunnel complementing the existing public buses and expansive highway networks. The estimated date of completion is 2025 (See Source 1).

alila2-penang-property-real-estate-transportation-master-plan-economy-jade-land-buy-luxury-holiday-home-industry-overseas-properties

 

Solid economy with established industries

Penang has successfully transitioned from an agriculture and primary commodities economy to an export-driven economy.

alila2-penang-property-real-estate-economy-jade-land-buy-luxury-holiday-home

The city has positioned itself to become a hub of high-tech manufacturing and tourism within this region. In fact, over 300 multinational companies are currently operating in Penang, including Intel, Dell, Sony, and AMD (See Source 2).

alila2-penang-property-real-estate-economy-jade-land-buy-luxury-holiday-home-industry-overseas-properties

Each year, the Penang International Airport (PIA) can handle up to 6.5 million passengers. In fact, the airport is set to expand its capacity by more than 100% to 12 million (See Source 3). PIA is the 2nd busiest airport handling international passengers after Kuala Lumpur International Airport (See Source 4). Cathay Dragon offers direct flights from Hong Kong to Penang on a daily basis.

Penang is a medical tourism hot spot heralded as "Medical Travel Destination of the Year" by the International Medical Travel Journal in 2017. Revenue from medical tourism Malaysia was RM1 billion in 2016 from an estimated 900,000 medical tourists; Penang was the state that attracted 60% of medical tourism revenue. There are 7 renown hospitals, including Gleneagles Medical Centre and Penang Adventist Hospital.

Limited land supply

The landscape of Penang Island is similar to that of Hong Kong Island as both are mountainous with relatively less developable land making for resilient property prices. On Penang Island, only 54% of land is suitable and approved for building, while 46% is mountainous land (See Source 5).

 

Foreign direct investment encouraged

Penang is one of Malaysia’s most successful investment hubs. It attracts significant foreign investment given its strong business ecosystem including a highly-skilled labour force, stringent intellectual property protection laws, and a robust manufacturing supply chain supported by more than 300 multinational corporates. Net Foreign Direct Investment (FDI) flow into Penang has been rising from RM23.9 billion (in 2008) to RM47.2 billion (2016) (See Source 6). In addition, the MM2H (Malaysia My Second Home) program that offers a 10 year renewable social visit visa to non-Malaysians has drawn worldwide attention.

 

Jade Land Properties (HK) Limited is the Exclusive Agent for PICC (Penang International Commercial City).

 

Source 1: Malay Mail Online http://www.themalaymailonline.com/malaysia/article/penang-embarks-on-rm27b-transport-masterplan-with-mrt-trams-water-cabs
Source 2: UOB News Releasehttp://www.uobgroup.com/assets/pdfs/new-release/NR_malaysia_penang_expand_sea.pdf
Source 3: The Star https://www.thestar.com.my/metro/metro-news/2017/12/01/airport-expansion-to-provide-for-12mil-passengers/
Source 4: Free Malaysia Today http://www.freemalaysiatoday.com/category/nation/2017/09/26/guan-eng-pushes-for-urgent-expansion-of-penang-airport/
Source 5: Henry Butcher Malaysia https://www.nst.com.my/property/2018/01/323969/penang-property-prices-affected-signature-dishes
Source 6: Free Malaysia Today http://www.freemalaysiatoday.com/category/nation/2017/10/24/rahman-penang-topping-investments-shows-govt-is-fair/

 

Disclaimer: Jade Land Properties (HK) Limited 翡翠島物業(香港)有限公司 and the respective vendor give no warranty as to the completeness or accuracy of the information contained herein. Travel times are approximate and are sourced from Google Maps. The selling price is correct at the time of printing. The information contained herein does not form part of an offer or contract. Prices and details are correct at the time of publishing. Our sales representative for overseas property work exclusively in relation to properties outside Hong Kong and, unless stated otherwise, are not licensed under the Estate Agents Ordinance to deal with Hong Kong properties. Property No.: JL0003. Date of Advertisement: 28 June, 2019. SPOB No.: C-057255-A000. Agent: Jade Land Properties (HK) Limited. EAA Licence No.: C-057255. Place of business: Unit 701, 7 Floor, Winway Building, 50 Wellington Street, Central, Hong Kong. Developer Licence No.: 10294-304-2021/0373(L) Advertisement and Sale Permit No.: 10294-304-2021/0373(P). Approving Authority: Majlis Bandaraya Pulau Pinang. Purchasing uncompleted properties situated outside Hong Kong is complicated and contains risk. You should review all relevant information and documents carefully before making a purchase decision. If in doubt, please seek independent professional advice before making a purchase decision.

 

Copyright © 2019 Jade Land Properties (HK) Limited All rights reserved.

PICC is set to be the first comprehensive integrated development with smart city features in Penang! From HK$2M & up!

 

PICC and Alila2 Exhibition Details

We will be presenting about two projects, PICC and Alila2, at the exhibition. For more details about Alila2, please click here!

Exhibition Date: August 23rd to 25th, 2019 (Friday to Sunday)

Time: 10am to 7pm

Venue: Jade Land Gallery & Event Space – UG/Floor, Winway Building, 50 Wellington Street, Central (Next to Yung Kee Restaurant)

Click here to register your attendance: https://forms.gle/Bq6tNSgsvYEBFhcR6

Inquiries: +852 2869-6683 or [email protected]

*Special Exhibition Offer: Free MM2H (Malaysia My Second Home) Application offered for new purchasers of PICC or Alila2 at the event

*subject to terms & conditions

 

PICC Project Highlights:

 

  • PICC is a comprehensive integrated development with smart city features – the first of its kind in Penang!
  • Integrated development comprising of a lifestyle shopping mall, medical centre, A-grade office, 5-star hotel, F&B Boulevard, Central Park and residences.
  • Located right next to the Penang Golf Club & SPICE Convention Centre
  • Only a 10-min drive to the two Penang Bridges and Penang International Airport
  • Sizes range from 1,087 to 1,862 sq. ft. (3 bedroom layouts plus study room options)
  • 7 levels of facilities including an infinity pool, hydro gym, mini theatre & more!
  • Starting from only HK$2M, including a minimum of 2 parking spaces

 

In the recent few years, the state of Penang in Malaysia has become an investment hot spot for Hong Kong investors. This former British colony is one of Malaysia’s most vital economic powerhouses, having the highest GDP per capita in the country next to Kuala Lumpur. It is one of the best cosmopolitan places for living and commerce, with progressive infrastructure and skyscrapers coexisting with well-preserved colonial buildings.

 

About PICC

PICC is a multi-billion dollar integrated development set on an expansive 43-acre piece of freehold land situated in the new business district of Bayan Lepas. This groundbreaking project is set to be the first comprehensive mixed development with smart city features in Penang. The integrated complex includes A-grade offices, residences, a lifestyle mall, medical centre, 5-star hotel, F&B Boulevard and a Central Park; in which all amenities are seamlessly connected through covered bridges and pedestrian pathways. It is the brainchild of the leading property developer, Hunza Properties Group, exemplified by its portfolio of over 10,000 condominiums, townships and commercial properties throughout Malaysia. The company has greatly contributed to the transformation of Penang’s skyline, boasting its flagship development, the Gurney Paragon Mall waterfront complex on Gurney Drive.

 

Bayan Lepas

Bayan Lepas is an up-and-coming district found on the southwestern part of Penang Island. It is also where the Penang International Airport and the Free Industrial Zone is found – housing over 300 multinational firms with established manufacturing facilities and assembly lines here at this bustling hub. In fact, Penang’s renowned moniker of “Silicon Valley of the East” was taken after this zone, truly the lifeblood of this state’s economy. The Southwest District of Penang has been earmarked by the state government as a major focus in its ‘Penang 2030’ economic transformation plan that aims to improve infrastructure, amenities and living exuberance.

In view of promoting a dynamic new economy on the island, PICC offers well-equipped A-grade offices designed for Business Process Outsourcing (BPO). Here global companies will contract non-primary activities to local third-party providers for services such as finance, human resource, procurement and IT support.

 

Future Traffic Plan

The state government is investing approximately HK$46 billion in the 10-year Penang Transport Master Plan with the purpose of enhancing the infrastructure of Penang Island and the Mainland. This includes incorporating monorail and Light Speed Rail (LRT) transit lines, tram lines, additional main highways and an undersea tunnel.

Within PICC, the developer is implementing a comprehensive future traffic plan to ease traffic and to create unparalleled connectivity on the main road via contructing a 4-lane 2-way underpass (leading directly to the airport), a 2-lane directional flyover leading vehicles directly into the complex and a seamless LRT station access. In recognition of its exceptional contribution to society, Hunza was granted permission by the government to incorporate the “P” for Penang in the project name of PICC. With the first-rate infrastructure and strategic connectivity to integrated convenience, PICC will usher in a new age of global living.

 

More about Muze

Muze is the first phase of residential offerings in PICC featuring a total of 846 residential units with a 10 level car park podium. Muze comprises of 2 sleek residential towers of 52 and 58 storeys overlooking unobstructed views of the prestigious Penang Golf Club, SPICE Convention Centre and the PICC Iconic Tower. This residence features a variety of layout choices each fitted with a balcony that combine luxury living and practicality designed for progressive urbanites to fulfil every aspiration.

With facility areas across 7 levels, a relaxing environment will be created for you to chill out and indulge your mind. There is the Escapade on the ground floor for sports and recreation, a “Social Square” with avenues for engaging with the community and “Chillscapes” that span across several levels to offer relaxation and entertainment. Above it all on levels 40 and 41 is the Muze Club which is an exclusive area to enjoy entertainment and leisure choices.

With Hunza’s successful track record for building and managing the Gurney Paragon Mall, the new lifestyle mall directly connected to Muze is destined to be the destination for chic fashion, culinary abundance and entertainment.

 

Smart Home Features

Implementing the latest in smart home technologies, experience an augmented lifestyle with personalised control of your home. Smart home features allow for remote access of your home control systems through the mobile app or automated schedules set up based on your own personal preferences.

An Integrated Home Control system manages security, utilities and comfort through wireless sensors. These include: a heat detector, smart door lock, motion sensor, smart switches for air-conditioners and lights and much more!

PICC will soon become the first development in Penang to incorporate an all-encompassing smart city function as well. All amenities including on-demand medical and mall services are at your fingertips.

 

Penang in a nutshell:

Penang is a globally renowned holiday destination famed for its soft sandy beaches and mouthwatering street food yet with the modern convenience of being a cosmopolitan city. It is a tropical island state comprising of Penang Island and the mainland situated on the northwestern part of Malaysia. Only a 3.5 hour direct flight to Penang International Airport via Cathay Dragon from Hong Kong.

Once a british colony, Georgetown – the capital of Penang – was conferred the status of being a UNESCO World Heritage site in 2018 where perfectly preserved colonial buildings can be found adjacent to Chinese shop lots. Cultural sights are in abundance!

Known as the “Food Capital of Malaysia” – for all you foodies out there, prepare to indulge in flavoursome assam laksa, char kway teow and durian of course!   

Seafront shopping malls are found along the new city centre, Gurney Drive. Be sure to visit the contemporary Gurney Paragon Mall by Hunza Properties Group there!

Penang has an established economy split between tourism (49.2%) and the manufacturing sector (44.6%). 300 multinationals have existing manufacturing facilities in operation there with the majority focusing on the creation & packaging of high-tech products. Each year, Penang receives 7.8 million tourists looking to explore and the city or notably to complete medical check-ups at the city’s world-class hospitals.

Reminiscent to Old Hong Kong in the 60s in terms of its geographic landscape, colonial history and East Meets West architecture, Penang is a delight to the people of Hong Kong!

With its limited developable land, stable economy and young population, it is not a surprise that Penang was ranked no.1 in Malaysia as the most attractive place for investment by Knight Frank Malaysia!

 

Jade Land Properties (HK) Limited is the Exclusive Agent for PICC (Penang International Commercial City).

 

Disclaimer: Jade Land Properties (HK) Limited 翡翠島物業(香港)有限公司 and the respective vendor give no warranty as to the completeness or accuracy of the information contained herein. Travel times are approximate and are sourced from Google Maps. The selling price is correct at the time of printing. The information contained herein does not form part of an offer or contract. Prices and details are correct at the time of publishing. Our sales representative for overseas property work exclusively in relation to properties outside Hong Kong and, unless stated otherwise, are not licensed under the Estate Agents Ordinance to deal with Hong Kong properties. Property No.: JL0003. Date of Advertisement: 28 June, 2019. SPOB No.: C-057255-A000. Agent: Jade Land Properties (HK) Limited. EAA Licence No.: C-057255. Place of business: Unit 701, 7 Floor, Winway Building, 50 Wellington Street, Central, Hong Kong. Developer Licence No.: 10294-304-2021/0373(L) Advertisement and Sale Permit No.: 10294-304-2021/0373(P). Approving Authority: Majlis Bandaraya Pulau Pinang. Purchasing uncompleted properties situated outside Hong Kong is complicated and contains risk. You should review all relevant information and documents carefully before making a purchase decision. If in doubt, please seek independent professional advice before making a purchase decision.

 

Copyright © 2019 Jade Land Properties (HK) Limited All rights reserved.