• The primary objective of the project is to provide foreign workers' accommodation solutions to the private sector, especially for small and medium enterprises (SMEs). The workers' village will offer medium-density residences capable of housing at least 8,000 foreign workers, and is expected to be completed by the fourth quarter of 2025, according to MyEG.

KUALA LUMPUR (Dec 6): MyEG Lodging (NC) Sdn Bhd, a subsidiary of e-government service provider MyEG Services Bhd, has signed a 30-year lease agreement with Penang Development Corp (PDC) to develop a foreign workers' village project worth RM108 million.

The lease agreement, valued at RM20.4 million, grants MyEG Lodging the rights to build and operate the workers' village and related facilities on an 8.39-acre (3.40-hectare) land parcel in Batu Kawan Industrial Park 3, Seberang Perai Selatan, Penang.

The project, with an estimated development cost of RM108 million, is set to commence development following the approval for all necessary designs and plans by the relevant authorities.

The agreement was signed by MyEG non-independent non-executive director Datuk Mohd Jimmy Wong Abdullah and PDC chief executive officer Datuk Aziz Bakar, witnessed by Penang Chief Minister Chow Kon Yeow.

In a statement on Wednesday, MyEG said MyEG Lodging successfully secured in April the workers' village project tender from PDC, the Penang government’s chief development agency.

The primary objective of the project is to provide foreign workers' accommodation solutions to the private sector, especially for small and medium enterprises (SMEs).

The workers' village will offer medium-density residences capable of housing at least 8,000 foreign workers, and is expected to be completed by the fourth quarter of 2025, according to MyEG.

Wong said MyEG is honoured to support the cause, as the group fully understands its significance and impact.

“To us, the MyEG-PDC workers’ village is more than a housing project; it is a comprehensive solution addressing the challenges faced by our foreign labour workforce.

"By providing a safe, comfortable, and affordable living environment, together with PDC, we are helping to enhance the quality of life for thousands of workers, while also fostering a sense of community and belonging,” he added.

Meanwhile, Aziz said working on this project with MyEG Lodging signifies a substantial step in alleviating housing and security concerns of Penangites with a focus on sustainable development.

“The establishment of this workers' village is a strategic move towards attracting more businesses and investors to the Batu Kawan Industrial Park, especially SMEs from labour-intensive industries.

“Moreover, this initiative aligns well with the objectives outlined in the Penang Vision 2030, bringing us closer to fulfilling the long-term goal of transforming Penang into a family-focused, green, and smart state that fosters inclusivity and equitable society, and enhances the quality of life," he added.

Looking to buy a home? Sign up for EdgeProp START and get exclusive rewards and vouchers for ANY home purchase in Malaysia (primary or subsale)!

SHARE
RELATED POSTS
  1. TH Properties and MRCB launch Padang Residences in RM3.09b Kota Semarak mixed development in KL
  2. UDA to fund all refurbishment works to Lorong UDA in Perlis
  3. How essential oils can refresh and elevate your home in the Tropics