Latest news with #SkyWorld
The Star
9 hours ago
- Business
- The Star
SkyWorld unveils Penang's vertical living era
BUTTERWORTH: Breaking ground on the nation's largest affordable housing project under the Rumah Bakat Madani initiative, SkyWorld Pearlmont promises accessible, high-quality high-rise living, along with the nation's first vertical school. SkyWorld Development Berhad chief executive officer Lee Chee Seng said the landmark development boasts 1,846 units. 'This is SkyWorld's first venture in Penang, set on 12.54ha (31 acres) of freehold land in the heart of Seberang Jaya. 'Phase 1A of SkyWorld Pearlmont offers 1,846 units in three towers, with each unit being 900 sq ft, with three bedrooms and two bathrooms. 'Prices range from RM323,000 to RM390,000, including options for one or two carparks,' he said at the groundbreaking ceremony held at Seberang Perai on July 19. Lee said the development features a 4ha elevated park, considered the largest of its kind in Penang. 'SkyWorld Pearlmont is the first project in Penang to fully adopt prefabricated prefinished volumetric construction (PPVC), a modular 'Lego-style' system that enhances build quality, safety and efficiency.' Buyers will benefit from premium-quality affordable homes with a 10-year warranty on water leaks and the piping system, low maintenance costs of RM0.18 per sq ft and a benchmark of the Quality Assessment System in Construction score of 85% in construction innovation, he said. Lee said the gross development value of the project is at RM2bil and it is expected to be completed in 2029. The project will pioneer the integration of a vertical school into a high-rise affordable housing community, enhancing accessibility and safety for children in working families. 'Vertical schools represent an architectural evolution in educational design, where learning environments are structured within multi-level, purpose-built towers rather than sprawling, land-intensive campuses. 'This vertical format is especially suited for urban and high- density settings, allowing architects to maximise limited land while maintaining functional, child-centric spaces. 'Each floor is typically designed to serve a specific age group or learning theme, with clear spatial zoning that supports developmental needs and intuitive wayfinding,' he said. 'Other features include SkyWorld Healthy Home characteristics like a passive design, natural light and ventilation. 'The project also includes a pay-per-use clubhouse that features an infinity pool, pickleball and badminton courts, a kids' playland and gyms,' he said. Lee said with freehold units, an elevated park, smart home features and wellness-focused design, SkyWorld Pearlmont is a future-ready township designed for generational living and community growth. Lee said the groundbreaking ceremony comes just eight months after the signing of the Joint Development Agreement (JDA) with Penang Development Corporation (PDC) and PDC Properties. 'This development will serve as a public-private initiative aimed at delivering more than 35,000 units under the Rumah Bakat Madani scheme. 'Unlike traditional public housing, Rumah Bakat Madani units are freehold and open to all Malaysians, including non-Penangites working in the state, particularly in the electric and electronic and industrial sectors that drive Penang's economy. 'This project aims to not only invite young talent from across Malaysia to call Penang home but also to build a stronger economy and community,' he said. The groundbreaking ceremony was graced by Prime Minister Datuk Seri Anwar Ibrahim, Housing and Local Government Minister Nga Kor Ming, Penang Chief Minister Chow Kon Yeow and SkyWorld founder and executive chairman Datuk Seri Ng Thien Phing, among others. In his speech, Nga said SkyWorld, an international award-winning developer, has been tasked with building a total of 37,368 residential units, comprising 6,368 units in Seberang Jaya and 31,000 units in Batu Kawan, Penang. 'Each unit will be sold between RM225,000 and RM420,000, and will be freehold. 'The sale of this project is open to Malaysians, regardless of whether you are a native of Penang or from another state,' he said.
The Sun
21 hours ago
- Business
- The Sun
Rumah Bakat MADANI: Malaysia's largest affordable housing project launched
BUTTERWORTH: The Rumah Bakat MADANI initiative, Malaysia's largest affordable housing project to date, symbolises the strong commitment and leadership of the Prime Minister in prioritising the wellbeing of the people and improving access to home ownership. Housing and Local Government Minister Nga Kor Ming said the project will deliver 37,368 housing units, with 6,368 units planned for Seberang Jaya and 31,000 in Batu Kawan. The project is being developed by SkyWorld as the implementing company. 'Under the 12th Malaysia Plan (RMK-12), the government set a target of delivering 500,000 affordable housing units by 2025. As of March 31, a total of 492,360 units have been provided, or 98.5 per cent of the target,' he said. 'Of that total, 179,769 units have been completed, 235,862 are under construction, while 76,729 are in the planning stage,' he added. He was speaking at the groundbreaking and launch ceremony of Rumah Bakat MADANI at Seberang Jaya, today. The event was officiated by Prime Minister Datuk Seri Anwar Ibrahim and attended by Penang Chief Minister Chow Kon Yeow. Nga said the Rumah Bakat MADANI project will consist of 900-square-foot freehold condominiums, priced between RM225,000 and RM420,000. Each unit will be equipped with modern facilities and access to shared amenities, including a swimming pool, gymnasium, sports courts, multipurpose hall, surau, kindergarten, food stalls, a children's playground, a Central Park and a Vertical School. As part of upcoming reforms under the RMK-13, Nga said the Housing and Local Government Ministry and SkyWorld have agreed to implement three key features, including a 10-year construction warranty covering water leakage and plumbing, a fixed maintenance fee of RM0.18 per square foot (equivalent to RM162 per month) and a targeted QLASSIC construction quality score of 85 per cent. Clubhouse facilities such as the gym, pool, and sports courts will operate on a pay-per-use basis, he added. He said the initiative is aimed at helping first-time homebuyers, particularly those in the B40 and M40 income groups, to secure quality housing at an affordable price. - Bernama
Barnama
a day ago
- Business
- Barnama
Rumah Bakat MADANI: Landmark Affordable Housing Project Underscores Govt's Commitment
BUTTERWORTH, July 19 (Bernama) -- The Rumah Bakat MADANI initiative, Malaysia's largest affordable housing project to date, symbolises the strong commitment and leadership of the Prime Minister in prioritising the wellbeing of the people and improving access to home ownership. Housing and Local Government Minister Nga Kor Ming said the project will deliver 37,368 housing units, with 6,368 units planned for Seberang Jaya and 31,000 in Batu Kawan. The project is being developed by SkyWorld as the implementing company. 'Under the 12th Malaysia Plan (RMK-12), the government set a target of delivering 500,000 affordable housing units by 2025. As of March 31, a total of 492,360 units have been provided, or 98.5 per cent of the target,' he said. 'Of that total, 179,769 units have been completed, 235,862 are under construction, while 76,729 are in the planning stage,' he added. He was speaking at the groundbreaking and launch ceremony of Rumah Bakat MADANI at Seberang Jaya, today. The event was officiated by Prime Minister Datuk Seri Anwar Ibrahim and attended by Penang Chief Minister Chow Kon Yeow. Nga said the Rumah Bakat MADANI project will consist of 900-square-foot freehold condominiums, priced between RM225,000 and RM420,000. Each unit will be equipped with modern facilities and access to shared amenities, including a swimming pool, gymnasium, sports courts, multipurpose hall, surau, kindergarten, food stalls, a children's playground, a Central Park and a Vertical School. As part of upcoming reforms under the RMK-13, Nga said the Housing and Local Government Ministry and SkyWorld have agreed to implement three key features, including a 10-year construction warranty covering water leakage and plumbing, a fixed maintenance fee of RM0.18 per square foot (equivalent to RM162 per month) and a targeted QLASSIC construction quality score of 85 per cent. Clubhouse facilities such as the gym, pool, and sports courts will operate on a pay-per-use basis, he added.
Malay Mail
a day ago
- Business
- Malay Mail
No schools, no approval: Anwar says new housing projects must include basic facilities for families
BUTTERWORTH, July 19 — Every new housing project must be planned comprehensively, complete with facilities such as schools, preschools and nurseries for the well-being of the people, said Prime Minister Datuk Seri Anwar Ibrahim. He stressed that the government will not approve any housing project that does not meet these basic needs. 'If you build a house but the school is far away, what do you do?' he said when speaking at the Groundbreaking Ceremony and Launch of SkyWorld Pearlmont Rumah Bakat Madani project here today. Anwar said an integrated planning approach not only saves on transportation costs for residents but also improves safety and reduces the concerns of parents who have to send their children to schools far away. He also stated that the government is considering the development of schools vertically (vertical schools) in areas with limited land, with complete facilities such as fields, laboratories and others. Anwar stressed that the comprehensive implementation of the project by developers is better than the separate tender method which can cause delays. He also praised the Rumah Bakat Madani project by SkyWorld for having unique elements, namely providing a 'central park' and a 'vertical school', in addition to being the first project in Malaysia to be built using 'prefabricated prefinished volumetric construction (PPVC)' technology. PPVC technology uses a construction concept like 'LEGO', where modular units are completely built in the factory including the installation of tiles, toilet fittings, electrical wiring, windows, doors and painting work before being sent to the site for installation. Each Rumah Bakat Madani unit measures 900 square feet, has three bedrooms and two bathrooms, and is sold at between RM225,000 to RM420,000 with freehold status. The residence is also equipped with facilities such as a swimming pool, gymnasium, as well as badminton and pickleball courts, a multipurpose hall, kindergarten, surau, stalls, shops and a children's playground. — Bernama
The Sun
a day ago
- Business
- The Sun
New housing projects must include schools for community wellbeing
BUTTERWORTH: Every new housing project must be planned comprehensively, complete with facilities such as schools, preschools and nurseries for the well-being of the people, said Prime Minister Datuk Seri Anwar Ibrahim. He stressed that the government will not approve any housing project that does not meet these basic needs. 'If you build a house but the school is far away, what do you do?' he said when speaking at the Groundbreaking Ceremony and Launch of SkyWorld Pearlmont Rumah Bakat MADANI project here today. Anwar said an integrated planning approach not only saves on transportation costs for residents but also improves safety and reduces the concerns of parents who have to send their children to schools far away. He also stated that the government is considering the development of schools vertically (vertical schools) in areas with limited land, with complete facilities such as fields, laboratories and others. Anwar stressed that the comprehensive implementation of the project by developers is better than the separate tender method which can cause delays. He also praised the Rumah Bakat MADANI project by SkyWorld for having unique elements, namely providing a 'central park' and a 'vertical school', in addition to being the first project in Malaysia to be built using 'prefabricated prefinished volumetric construction (PPVC)' technology. PPVC technology uses a construction concept like 'LEGO', where modular units are completely built in the factory including the installation of tiles, toilet fittings, electrical wiring, windows, doors and painting work before being sent to the site for installation. Each Rumah Bakat MADANI unit measures 900 square feet, has three bedrooms and two bathrooms, and is sold at between RM225,000 to RM420,000 with freehold status. The residence is also equipped with facilities such as a swimming pool, gymnasium, as well as badminton and pickleball courts, a multipurpose hall, kindergarten, surau, stalls, shops and a children's playground. - Bernama
