Project Brief

PENANG, March 13 (Bernama) -- Emerald Capital Group, a Penang-based real estate developer, will develop an intelligent city in Jawi, Seberang Prai by middle of this year.

Its managing director, Datuk James L.M. Ong said the 28-hectare site located near the Seberang Perai Selatan (SPS) administrative centre will see the development of 700 units of residential properties as well as other properties.

He said this reporters after a ground breaking ceremony for Suntech @ Penang Cybercity, the first purpose-built Multimedia Super Corridor (MSC) building for the Cybercity here.

Chief Minister Tan Sri Dr Koh Tsu Koon officiated the event.

Ong said the Jawi Intelligent City will be furnished with MSC infrastructures such as broadband and WiFi systems.

He said the development will cost RM300 million and is expected to be ready within the next five to seven years.

"We will launch the project by the middle of this year and we intend to facilitate the people in Seberang Perai with Information Communication Technology facilities," he said.

He said the project, which is targeted at the middle income group, would be complementing the company's efforts to support the Penang Cybercity.

On Suntech, James said the 22-storey building located in the bustling Bayan Baru commercial precinct within the state's Cibercity 1 corridor would offer technopreneurs and ICT specialists in the north a suitable place for their operations.

He said the RM100 million high-tech building, located on a 0.4 hectare (1.06 acre) leasehold site owned by Suiwah Holdings (Bayan Baru) Sdn Bhd, will be developed by the Group's subsidiary, Sun Setia (M) Sdn Bhd.

He said todate 70 percent of its 192 office lots were already taken up by companies mainly dealing with ICT and biotechnology while all its 24 retail outlets located at the ground floor were fully booked.

Out of the 70 percent confirmed tenants, 20 percent are MSC status companies, he said.

Ong said the building was expected to be ready by next year and will encourage the inflow of more foreign ICT companies to Penang.

"This building offers world-class physical and information infrastructure equipped with the most advanced technology," he said.

The company will embark on a journey to promote Suntech and Penang Cybercity to neighbours in Asia including Southern India, Singapore and Taiwan, he added.

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