The Penang Development Corporation (PDC) is a state development agency to develop, plan, implement and promote development projects in the form of socio-economic on behalf of the State Government of Penang. PDC’s main objectives include property development, entrepreneur development and investment.
Dato’ Rosli Jaafar, General Manager of PDC via an email interview with iProperty.com highlighted the importance of PDC in Penang’s property development.
1. As the premier development agency of Penang, what are PDC’s main responsibilities?
Since its incorporation, the PDC has been tasked with the responsibility of spearheading socioeconomic growth, creating employment and improving the quality of life of the people of Penang.
Its principal activities include being the government think-tank, industrial park development, township development, urban redevelopment, affordable housing and investments.
Since its inception, PDC has chartered new waters and its efforts in industrial and housing development have positioned Penang as a leading industrial, tourism and services hub in the region.
PDC’s vision ‘To be the premier State agency in making Penang a better place for all through sustainable socio-economic development’ serves as a guide in all its development plans for Penang and its people.
The corporation’s strategies include planning and developing industrial areas complete with good infrastructure and facilities, increasing land bank in strategic areas for industrial and mixed development, providing affordable housing for all strata of society, rejuvenating Penang’s city centre through strategic redevelopment and revitalization plans for KOMTAR and the Greater KOMTAR area, and to spearhead the planning and development of the new township of Batu Kawan.
PDC will continue to play an instrumental role as the catalyst of growth in Penang; working in tandem with the public and private sector as its partners in progress, and in line with the State’s vision of achieving international city status.
2. What are some of the challenges that PDC have faced in its efforts to fulfil those responsibilities?
Some of the challenges that we face include resettlement of squatters for new developments, escalating cost of construction to provide affordable homes and shortage of skilled workers to support industrialisation.
3. PDC working with industry captains has exciting plans for Batu Kawan, which is set to house Penang’s new intelligent, satellite township. What is the progress of the development so far?
PDC is committed to building up the 6,000 acres Bandar Cassia, Batu Kawan’s modern satellite township into the first eco town of the region.
In expediting development growth, we are collaborating with private companies with brand names for RFP (Request for Proposals) to jointly develop Bandar Cassia, Batu Kawan township, like EcoWorld, Aspen, PE Land, Paramount and PKT Logistics.
Our success story in Batu Kawan can be seen from the Batu Kawan Industrial park that has attracted industry giants to set up their manufacturing bases there. In a space of 5 years, we have already generated 5,000 jobs within the industrial park. Some of the brand names like Bose System Malaysia, Malaysia Automative Lighting, Haemonetics, Sandisk and Seagate have set up their manufacturing plants in Batu Kawan.
We are also developing the 150 acres SME Village in Batu Kawan that comprises 44 factory plots and ready build factory buildings (174 terrace units and 124 semi-detached units) that are developed in phases.
In the field of education, we have international brands like Hull University, KDU University and other tertiary institutions in the pipeline.
As for commerce and retail, we have Design Village, Penang and IKEA will also be opening up its first flagship store in the northern region.
We have also planned for leisure and quality living whereby 470 acres of land in Batu Kawan will be developed by EcoWorld into a golf course and mixed development.
All in all, the 6,000 acres Bandar Cassia township, Batu Kawan is poised to become a hub for industry, tourism, commerce and services, where quality living and business thrive under the concept of work, live and play.
4. With the Penang Transport Master Plan in the pipelines, what can we expect for Penang’s property market in the near future?
With better connectivity within the island and the mainland coupled with excellent linkages provided by two bridges, the property market in Penang can be expected to further improve not just for properties on the island but is expected to accelerate the growth of the property market especially on the mainland.