South-east Asia's second Premium Outlets is being planned for Penang, to be located within Batu Kawan's Bandar Cassia, the newest and largest township on mainland Penang.
According to Singapore’s The Business Times, the new 16.2-hectare “game changer” will be sited next to the Second Penang Bridge interchange. The bridge itself is scheduled to open in September.
Formerly a backwater, Batu Kawan is seeing rapid development and rising land and property prices ahead of the bridge’s opening.
The state government will invite qualified companies to submit a request for proposal for the Premium Outlets, with a May 6 submission deadline, reported the paper.
Johor Premium Outlets, a joint venture between Genting Group and Simon Property Group, has proven popular with Singaporean tourists after its launch in end 2011, and is thought of as a catalyst project within Iskandar, a special economic zone in Johor.
-TTG Asia.
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