Wednesday, 7 September 2011

Sunway In Bukit Mertajam

Sunway has acquired land at Kampung Cross Street, Bukit Mertajam for future development!

Apart from the Sunway commercial center at Seberang Jaya, which features Sunway Carnival Mall and Sunway Hotel, this should be Sunway's group second project in mainland Penang, and first project in Bukit Mertajam.

Sunway City Bhd few weeks ago has agreed to compensate about RM10mil to 320 families who have stayed  here for 3 generations. This village is also known as "fish pond" among the Chinese here. This amount of money should then be "paid" by the future buyers of this project.

Kampung Cross Street's location can be said to be in the town center area, and is close to Jusco at Bandar Perda. There is a Malay village between Bandar perda and Kg Cross Street.

     Location of Kg Cross Street

I think nowadays most young people prefer not to stay near town center. Most are moving to peripheral areas like Bukit Minyak, Juru, Alma etc. Anyway, Sunway is a conglomerate with high reputation. Most likely it will carry out a mixed development here and I don't expect the price to be cheap. Will it draw people back to the town?

Land in Bukit Mertajam is getting less and more expensive. Together with the high material cost, most developers prefer to build more luxury semi-Ds or bungalows in order to earn more money per square feet. Currently a standard size 2-storey terrace house can cost up to RM400,000 here. Higher end apartment or condominium also starts to emerge here. Is it the trend?

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