Another mall, this time a mega-mall, for Penang? A supermarket group may have plans to build a mega mall, estimated to be the size of Mid Valley Megamall, in Penang, a business weekly has reported.
The Edge (22 August 2011) cites sources as saying that Suiwah Corp Bhd, which operates under the ‘Sunshine’ name in Penang, is partnering a building firm from China, Qingjan Group Co Ltd, for the multi-billion ringgit project.
The location and construction cost are unknown and the firm did not respond to the weekly’s request for clarification.
Suiwah is at present involved in a mixed development project on a 3.6ha site in Farlim with a gross development value of RM1bn. The project comprises three blocks of 38-storey buildings, 270 serviced apartments, 140 small home offices, a hypermarket, 300 retail outlets, a medical specialist centre, a business class hotel, and cineplexes.
Suiwah’s largest property is a 27-acre freehold parcel in southern Seberang Prai currently used for a housing development project.
A report in the Star Property states that the GDV of project launches planned for Penang in the second half of 2011 and 2012 adds up to RM4.4bn. It is not known if this includes the mega mall project mentioned in The Edge report.
I hope someone really independent is looking at the traffic impact and congestion arising from all these projects. Meanwhile, the Transport Masterplan for the state could be out of date by the time it comes out, and what about long-delayed Local Plan for Penang?