Property
A vision city emerges in Penang
Joseph Wong | 30 Nov 2018 00:30
The excitement over the RM13 bil Aspen Vision City (AVC) in mainland Penang, being jointly developed by homegrown Aspen Group and Ikano Pte Ltd, is growing among consumers and the state’s populace.

The unveiling of the township project kicked off with the opening of the 4.8ha Central Island Park in October, located just after the Sultan Abdul Halim Muadzam Shah Bridge (Second Penang Bridge) in Batu Kawan, with the developer promising that the pace of implemention will ensure the project will soon become a reality.

Aspen Group’s 99ha flagship master city mixed development project is on track and will soon be completed, says its president and Group CEO Datuk Murly Manokharan.

For example, the commercial component, Vervea, is expecting to obtain the Certificate of Completion and Compliance (CCC) in December this year while the first IKEA store in the northern part of Malaysia will open its doors in 2019, two years ahead of schedule.

Christian Rojkjaer, managing director of IKEA Southeast Asia, says it is likely to open even earlier, on March 14 from the earlier March 28.

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