5 November 2011
We are delighted to announce the appointment by Crimson Omega Sdn. Bhd., a wholly owned subsidiary of Suiwah Corporation Berhad for the mega mixed development known as Sunshine Tower at Bandar Baru Ayer Itam, Penang.
Suiwah Corporation Berhad is a Malaysia-based company engaged in investment holding, provision of management services and letting of property. The Group’s core business segment comprises a massive retail chain; since 1961 when it opened its first neighbourhood general merchant in Ayer Itam, the company has grown in leaps and bounds to the conglomerate it is today.
This is a fully integrated mixed-use complex consisting of a retail shopping mall within a 9 level podium and 2 level basement, a block of 17 storey SOHO, a block of 30 storey serviced apartment, a 320 room business class hotel and a medical centre above the podium on a 9 acre site strategically located on the premise of previous Sunshine Farlim Hypermarket.
The project will have a total gross floor area (GFA) of 3.8mil sq. ft. with an estimated gross development value (GDV) of RM1.20bil.
Our scope of professional services encompass complete pre and post-contract cost management services including feasibility studies incorporating construction cash flows for the purpose of estimating funding requirements.
Construction works for test piles has commenced on site and the whole development is anticipated to be completed by 2015. When completed, Sunshine Tower is set to become a new landmark of Penang Island.