Jalan-jalan Cari Property offers insights to up and coming hotspot
By Yoganeswari Vellusamy
ONE of the most intensely debated topics in Penang is the property investment and purchase between the island and mainland.
Batu Kawan, an island and a town strategically located off Seberang Prai, has been the centre of attention among property investors due to its game-changing major industrial park innovation by the government.
The Sultan Abdul Halim Mu’adzam Shah Penang Bridge, also known as the second Penang Bridge, provides accessibility and connectivity from Penang Island to Batu Kawan, giving an edge to investors looking to invest in a property nearby.
Potential property investors are often treated to eye-catching upcoming developments within the vicinity of Batu Kawan when driving along the North-South Expressway heading to Penang.
Moreover, the land cost is merely half of what Penang Island has to offer.
There are three major reasons to invest in a property at Batu Kawan. Cheaper land cost, abundant job opportunities and a rapidly growing population.
The high priced, modest sized condominiums on the soon-to-be-scarce land of Penang Island, meant it is becoming more and more difficult for the middle income population to purchase a property.
One could argue that Batu Kawan is the next wisest investment decision investors could make.
As an industrial park (driven by local government, incentives and total investment value), Batu Kawan has managed to attract major manufacturing companies such as Haemonetics Malaysia Sdn Bhd, Boon Siew Honda Sdn Bhd, Hewlett-Packard Malaysia Manufacturing Sdn Bhd, Sandisk Storage Sdn Bhd and Robert Bosch Sdn Bhd.
As a budding manufacturing haven, Batu Kawan is also a rapidly growing industrial park with abundant skilled quality job opportunities available.
According to the Ministry of Human Resource Malaysia, manufacturing is the most sought after industry in Penang, with 64.8% job vacancies available.
The estimated number of quality job vacancies is more than 24,500. It is expected to grow even larger with new and keen manufacturing companies showing interest in the near future.
The total number of investment value of Batu Kawan Industrial Park reaches more than RM 6 billion. It has also resulted in a significant population growth shift from Seberang Prai Selatan to Batu Kawan.
The double formula of higher job opportunities and increasing population leads to a soaring demand for detached homes catered to single families. The properties at Batu Kawan is an ideal investment for the middle income population.
Higher education hubs such as KDU University College (ranked 53rd by United Kingdom) and University of Hull (ranked 38th by United Kingdom) have also found its way to Batu Kawan, providing world class education to students.
Batu Kawan has attracted major brands to its locale, such as Ikea and the newly launched outlet mall Design Village Penang at Bandar Cassia.
Batu Kawan was among the areas highlighted during the Jalan-jalan Cari Property tour, which was organised by Propwall MarketPlace (Propwall.Mart). The tour from Menara Star to Batu Kawan, Penang on February 25 provided development insights focusing in the Batu Kawan vicinity to potential investors.
The Jalan-jalan cari Property tour was sponsored by Eco World Development Group Bhd.
Interested in visiting Batu Kawan yourself?
StarProperty.my will be organising another “Jalan-jalan Cari Property” day trip on April 29 (Sunday) from 6.30am to 11.30pm. The participants will be gathering at Menara Star, Jalan 16/11, Petaling Jaya at 6.30am.
To register, please contact editor@starproperty.my.
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