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Continue Reading ⋅ 30 January 2023
Finally a vision has taken shape. Dubbed as Penang’s new intelligent satellite township, the Aspen Vision City is developed by Aspen Group and Ikano Pte Ltd. Aspen Vision City is slated to be one of the biggest mixed developments in Penang spanning 245 acres of Freehold land right in the heart of Bandar Cassia,Batu Kawan.
Featuring a spectacular mix of residential and commercial properties complemented with state-of-the-art infrastructure and amenities, Aspen Vision City is poised to emerge as a leading integrated city in the Northern Region.
Aspen City Vision, a mixed development with a gross value of RM8billion, is also expected to transform the landscape of Batu Kawan.
Aspen Vision City : A fully-integrated project, latest and largest in mainland Penang currently
Developer : Aspen Group
Location : Lebuhraya Bandar Cassia, Batu Kawan
Land area : 245 acres
Tenure : Freehold
Neighbouring townships :
– Simpang Ampat
– Bukit Tambun
– Juru
– Bukit Mertajam
– Seberang Prai
– Butterworth
– Batu Maung
– Bayan Lepas
Completion : Phase 1 is targeted for completion in 2018
Overall development to be due by 2025
Aspen Vision City sales gallery address : 300, Jalan Macalister, George Town, 10400 George Town, Malaysia
- Aspen Group is the first developer to start a high-rise development initiative in Batu kawan
- 245-acres of freehold land
- 25 acres Central Island Park
- Eco-inspired landscape, pedestrian walkways, cycling paths, lake, outdoor fitness gardens, picnic areas and various park facilities to promote a healthy lifestyle
- 20 minutes from Penang island via second Penang Bridge
- Unique blend of city-living with world-class facilitiesAccording to The Edge, the massive project is a joint venture between the Malaysian Aspen Group and Ikano Pte Ltd, which owns the Ikea franchise in Singapore, Malaysia and Thailand. The dynamic partnership will be bringing the famous Swedish furniture retailer over to Penang.Investment prospects are already flooding since it was open for preview late last year.Property Project Phase 1: Vervéa @ Aspen Vision City
![Vervea Impression]()
IKEA in Batu Kawan will be the brand’s first outlet in the northern region. The agreement has been confirmed and is expected to be ready by 2018, along with Aspen Vision City’s phase one, Vervea, the biggest gated and guarded commercial precinct in northern Malaysia.Location : Batu Kawan, Penang
Property Type : 3 & 4-storey shop offices
Built-up Area: 3,300 – 12,150 sq ft
Tenure : Freehold
Total Units: 451
Indicative Price: RM 1,200,000 onwards
Property Project Phase 2 : Vertu Resort @ Aspen Vision City
![10. VertuResort, feature image]()
VertuResort, is to be the very first resort inspired high-rise development at Batu Kawan, with a gross development value (GDV) of RM620mil. It is also the first condominium project in Seberang Prai with a Green Building Index (GBI) certification.
Location : Batu Kawan, Penang
Property Type : Condominium
No. of blocks : 5 high-rise towers
Total levels : 29 – 42 storey
Total Units: 1,282 (8-12 units per floor)
Built-up Area: 1,030 – 1,290 sq ft
Indicative Price: RM350 – RM380 psf
Total price : Starting from RM398,000 onwards
Developer : Aspen Group
Targeted date of completion : First quarter of 2020
Total facility space : 200,000 sq ft (move-in condition with furniture and electrical appliances)VertuResort has been open for preview from Jan 22, 2016.
In addition to that, there will be large catchment consisting of students and working professionals in that area.
Project Details
Aspen Vision City Ground Plan
- IKEA Store
- Integrated Regional Shopping Centre
- Vervea Shop Offices
- Hotel, Office Tower & Serviced Suites
- Retail and Serviced Suites
- Retail and Serviced Suites
- Retail and Serviced Suites
- Auto Hub and International School
- Residential
- Financial Hub
11. Residential - Residential
- Residential
- Residential
- Residential
- Retail/Office and Residential
- Retail/Office and Residential
- Retail/Office and Residential
- Retail and Serviced Suites
- Retail and Serviced Suites
- Medical Centre and Healthcare Facilities
- Office
- Hotel
- 25-acre Central Island Park
- Columbia Asia Hospital
Phase 1(Commercial)
Vervea is the first phase of Aspen Vision City’s development at the heart of Bandar Cassia, Batu Kawan. Located on a 35-acre freehold land, claimed to be the largest gated and guarded commercial precinct developed in Penang.Vervea comprises 451 units of 3 and 4-storey shop offices with practical layout and sizable built-up ranging from 3,300 sq ft to 12,150 sq ft. It is only a stone’s throw away from the upcoming IKEA store, with direct connectivity from the North-South Expressway and Second Penang Bridge making it easily accessible to visitors.
Details on Vervea:
The largest gated and guarded commercial precinct in Penang.
• 300m covered High Street for events and activities to further boost business.
• Prominent business address alongside IKEA store and regional shopping centre.
• Strategically built linkages to neighbouring establishments to increase business traffic.
• More than 2,500 parking bays.
• Dedicated covered drop-off area for each block.
• Dedicated bicycle lanes throughout the precinct.
• Minimum 10ft wide shaded walkways planted with trees.
• Street lights with LED panels for advertising and promotions.
• Impressive glass frontage for a prestigious outlook and maximum exposure.
• Contemporary designs and business-friendly internal layout.
• High ceiling height- 18ft high ceiling for ground floor, 14ft high ceiling for 1st & 2nd floor.
• Private lift for every unit.
Type A (22×52) – 3,300 sq ft (Typical Intermediate Unit)
Type A1 (22×52) – 3,450 sq ft (High Street Intermediate Unit)
Type B (22×60) – 3,850 sq ft (Main Street Intermediate Unit)
Type C (22×52) – 4,450 sq ft (Typical Intermediate Corner Unit)
Type C1 (22×52) – 4,600 sq ft (High Street Intermediate Corner)
Type D (22×60) – 5,180 sq ft (Main Street Intermediate Corner)
Type E (28×52) – 5,410 sq ft (Typical Corner Unit)
Type E1(28×52) – 5,560 sq ft (High Street Corner)
Type F (28×60) – 6,340 sq ft (Main Street Corner Unit)
Type G – 7,830 sq ft (Intermediate Corner Unit)
Phase 2 (Residential)
VertuResort sits on a 7.17-acre site and is the first residential development in Aspen Vision City. It will be built as a resort-inspired high-rise development by the Group with a gross development value (GDV) of RM620mil. It is the second phase of the masterplan to be launched after Vervea.
VertuResort has 5 blocks of private residences bearing some 29- 42 floors of residential units. The condominium ranges from 1,030 sq ft to 1,290 sq ft.
The project will comprise units that will be priced between RM350 and RM380 per sq.ft. and is slated for completion by 2019.
As of February 2016, since its preview was opened mid-January, 30% of the units of VertuResort have been sold.
- Block A: 20-storey condominium (239 units)
- Block B: 27-storey condominium (253 units)
- Block C: 27-storey condominium (207 units)
- Block D: 32-storey condominium (247 units)
- Block E: 36-storey condominium (336 units)
The showrooms for VertuResort would be ready in before mid-2016 and further information will be available upon official launch.
The 8th floor landscape deck is the recreational floor of more than 200,000 sq ft of space. It is designed to allow residents to indulge and enjoy the time spent at home with family.
This landscape deck is a shared space that is accessible by every block and include reading lounge, study room, library, opened air covered gym and rock-climbing facilities, just to name a few.
On top of that, it is also friendly to less-abled residents with installation of handicap access ramp for their ease of movement.
The scale model in the sales gallery at Macalister Road.
Despite the fact that VertuResort is a high density condominium, this development certainly looks like it has been skillfully-designed to cater for families and professionals. It is fit for those who can appreciate fine-living at a decent price.
About the developer
The Aspen Group property development and real estate investment group based in Penang. Spearheaded by Founder and Group CEO Dato’ M. Murly, Aspen Group embarked on a mission to transform the local property development landscape by building homes that everyone can afford to purchase, according to their individual level of affordability.
Their goal includes assisting first-time home buyers as well as first-time investors to realise their dreams and seeks to provide affordable homes with facilities that benefit the community.
The bold approach proved a success as Aspen Group’s projects received overwhelming response from property buyers. The Group’s success made the headlines, ultimately inspiring a wave of affordable developments across Penang.
Powered by a customer-driven business model, Aspen Group has become a name synonymous with buyer-oriented properties of exceptional quality and lifestyle features. With a promising future outlook for the property development sector, Aspen Group is set to take on bigger, multifaceted challenges in various new strategic locations.
Aspen Vision City aims to be the pioneering eco-township that is safe, sustainable and set in a lush, natural environment in mainland Penang.
With a strong holistic theme, this township is an enclave for a healthy and balanced lifestyle, customised for today’s contemporary individuals and families. Equipped with green spaces, easy public transport connectivity and bicycle lanes, this township is a pioneer in eco-housing.
Location
Aspen Vision City sales gallery address : 300, Jalan Macalister, George Town, 10400 George Town, Malaysia
VertuResort and Vervea are located within the Aspen Vision City Batu Kawan Township which is at Bandar Cassia, Batu Kawan.
The Great City is strategically positioned at the landing point of Sultan Abdul Halim Mu’adzam Shah Bridge, or better known as the Second Penang Bridge.
The project is linked to and within close proximity of Penang Island as well as numerous townships on the mainland and neighbouring states.
From the 2nd Penang Bridge the Aspen Vision City would already have been visible from a distance. It would be the beacon of the mainland for the nearest time to come.
Various amenities and facilities are just a stone’s throw away due to excellent connectivity and accessibility.
• North-South Express Highway
• Batu Kawan Industrial Park, Prai Industrial Park, Bukit Minyak Industrial Park, Bayan Lepas Industrial Park
• Neighbouring townships such as Juru, Bukit Mertajam, Seberang Prai, Butterworth, Simpang Ampat, Jawi, Batu Maung, Bayan Lepas
• Penang International Airport
• Butterworth Wharves & Railway Stations
Distance from projects to main destinations
Georgetown 33.7km
Bukit Mertajam Market at Jalan Pasar 17.9km
Seberang Jaya 21km
Butterworth 30km
• A joint venture mega development by Aspen Group and Ikano Pte Ltd (Owns and operates IKEA stores in Southeast Asia)
• The upcoming integrated commercial and CBD district in Malaysia’s Northern Region
• The only CBD in Bandar Cassia, Batu Kawan
• 25 acres central island park served as the green lung within the metropolis
• Tree-lined boulevards, eco-inspired landscape, pedestrian walkways, cycling paths, lake, jogging track, reflexology area, outdoor fitness equipment, picnic & sitting area with various park facilities to promote eco and healthy lifestyle
• Integrated central transportation hub
Amenities :
- International Golf Course
- Pulau Aman Jetty
- Proposed theme park
- Residential development by Global Oriental Berhad
- Affordable homes by Penang Development Corporation (PDC)
- Business Process Outsourcing (BPO) Hub JV by Temasek & PDC
- Proposed Hull University
- Proposed Auto Hub
- PKT Logistics
- Venture Electronics Services
- Boon Siew Honda
- Seagate
- Hewlett-Packard (HP)
- SanDisk
- Bose System Malaysia
- North-South Highway Toll Plaza
- Mixed development by Malton Berhad
- KDU University
- Design Village
- Dedaun Bungalow Village
- Batu Kawan City Stadium
- Tambun Interchange
- Proposed New Interchange
- Bandar Cassia Interchange
- Ibiden Electronics
- Penang International Technology Park
The township has been planned and designed to accommodate a large catchment reining from Penang and Northern Region of Malaysia consisting of students and working professionals in that area. With the arrival of IKEA and similar characteristics to its central counterpart, some have even propounded the Aspen Vision City to be the ‘Damansara of Penang’.
The groundbreaking ceremony for KDU University will be in September 2016.
Analysis
We compare VertuResort and Vervea with BM Parklane of Bukit Mertajam and i-Santorini in Tanjung Tokong.
The following properties are considered affordable properties. The prices should be compared to the built-up areas of the projects in order that the privileges do also justify with the amount that consumers pay for their dream homes.
The amenities provided in the respective projects also speak volumes of the generosity of the developers for their potential buyers.
| Project title | Tenure/Land Title | Built-up areas(sq. ft.) | No. of units | Price range |
| VertuResort, Aspen Vision City (Residential) | Freehold | 1,030 – 1,290 | 1,282 | RM398,000 onwards |
| Vervea, Aspen Vision City (Commercial) | Freehold | 3,300 – 12,150 | 451 | RM1.2million onwards |
| BM Parklane, Bukit Mertajam | Freehold mixed development | 947 – 1,513 | 278 | RM406,000 – RM600,000 |
| i-Santorini, Tg Tokong | Leasehold | 850 (one size) | 2,155 (very high density) | RM430,000 |
Excerpts taken from penang-traveltips.com website written by founder Timothy Tye:
‘At time of writing (May, 2014), property prices at Bandar Cassia is a mere shadow of that in Butterworth, not to mention that on Penang Island. A double-storey house over here goes for under RM300,000, though the figure is expected to rise when new developments kick in. Perhaps the most exciting on the pipeline is Aspen Vision City, to be anchored by Ikea Penang, the first Ikea store in the northern region.’ – Penang-Travel Tips, Timothy Tye
With such an irresistible attraction of Penang’s latest satellite city, migration of businesses from all over Malaysia to Batu Kawan via the Vervea and a growing population to the mainland can be expected.
Summary
Looks like more Penang state developers are getting more keen to reenact the kind of extraordinary feel for this precious part of Malaysia, similar to that of the great city of Hong Kong.
In fact, in our humble opinion, Penang certainly looks like it is taking after the former British colony and is equally embracing its roots as a former British colony itself.
It is getting vibrant up North, and our eagerness is getting the better of us as we await to see more of such marvelous upcoming developments in Penang.
It’s a breath of fresh air to watch the little island and mainland emerge to stake their claims and vow to be different from the rest of its Malaysian counterparts.
In fact, the Aspen Vision City exhibits the courage and boldness to undertake this mammoth task and their dedication to carve a name for mainland Penang is commendable.
On the culmination of the complete masterplan, depending on the demand in the future, the Aspen Group would subsequently expand the brainchild of their vision with the following phases.
To date, the developer has already revealed the preview of their masterplan and it is getting exciting here.
Let’s hope they pull it off in style and give our blessings so that their vision comes true sooner than we can ever anticipate.
About Batu Kawan from Aspen Group’s perspective
‘IN THE BEGINNING, THERE WAS A SECLUDED ISLAND TOWN
For a long time, Batu Kawan was largely unknown. It was a serene backwater rich in natural resources and noted primarily for its traditional agricultural produce such as sugar cane and coconuts.
THEN EMERGED BANDAR CASSIA
Earmarked by the government to be developed as Penang’s third satellite city, the tempo in Batu Kawan changed altogether. Large, multinational industries and businesses came knocking, providing jobs, spurring the local economy. Bigger, better infrastructure such as highways and public amenities were set up. A town was established in the core of it all to unify and spearhead this transformation – and Bandar Cassia was born.
FOLLOWED BY THE SECOND PENANG BRIDGE
Sultan Abdul Halim Muadzam Shah Bridge, or more commonly known as the Second Penang Bridge, was officially open to public in 2014. The RM4.5-billion bridge connected Batu Maung to Batu Kawan, two of Penang’s most rapidly developing regions, and prosperity followed. Businesses and homes flourished on both ends – and Penang’s economic landscape began to shift towards Batu Kawan.’
– Excerpts from Aspen Group’s official brochure
