Speech by The Right Honourable Mr. Lim Guan Eng, Chief Minister of Penang in Unveiling of The Design Village in Batu Kawan, Penang at Cheong Fatt Tze Mansion on 23rd April 2015
Good evening, everyone.
The Penang State government wishes to transform Penang into an international and intelligent state. Batu Kwan is part of that vision - An international location that welcomes all types of retail businesses including the premium category.
By 2016 the first premium outlet mall of the north will open to mark Penang’s status as an international shopping destination. Indeed with 6.0 million tourists a year in 2013, it is not difficult to see how popular it already is.
Batu Kawan is growing into a major investment hub not just for the manufacturing and the services sectors, but also the knowledge and IT industries with the likes of Temasik, Citibank, HP, SanDisk and Seagate investing billions into its future.
The total land area of Design Village is 40 acres amounting to RM65 million for the development to be paid to PDC.
This Design Village will be well-served by transport links. The good connectivity includes the proposed MRT/LRT network that will run through Batu Kawan. Savills, who are the international property developer and listed company supporting this development, have confirmed that most premium brands are signing up here. In total the 40 acre development, will exceed RM1 billion in value when completed.
Design Village will have 150 branded shops supported by 2,500 car parks on 28 acres of land. It will create more than 1,500 jobs directly and more than 5,000 in support industries in the state. We envisage that together with its neighbours like KDU University and Ikea, thousands more jobs and opportunities will become available very quickly.
When fully developed, Batu Kawan should have a total population of 300,000, one-sixth of the state’s current population. With all its planned commercial, leisure, retail and industrial developments underpinnned by a comprehensive infrastructure, it is clear that residential real estate will be popular with both Penang and non-Penang residents.
PE Land’s project is on target to open for Christmas 2016, but the Design Village has in fact brought together the best local, regional and international creative and retail minds. They could have taken the easy route and just build a normal brick and mortar but, instead, we have here tonight the most creative people from Penang and the top names from Japan, Bangkok, China and New York.
We hope that PE Land can bring the most creative minds to curate Design Village to be a development that is not merely unique and the only one of its kind in all of Batu Kawan, but in fact the catalyst that will brand Penang as a world-class retail destination.
Let them showcase and unveil the Design Village here tonight, Penang indeed deserves the best because it is simply the best!