Stellar World to complete Phase 1 of The Gateways next year

PETALING JAYA: Selangor-based property developer Stellar World Sdn Bhd is set to complete the first phase of the 151-acre The Gateways integrated development.

Located at Pengkalan Hulu, Perak along the main international Malaysia-Thailand border crossing that connects to Thailand’s southernmost town of Betong, The Gateways was formerly known as Northgate Development. With a total gross development value (GDV) of RM1 billion, it is one of the premier integrated developments within the country’s northern development corridor. This project is planned and developed by Stellar World and Pak Chun Group.

“This is the first mixed commercial and industrial development fully initiated by the private sector with the Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT). The vision is to build an international border development for social integration, economic development and political relationship between Malaysia and Thailand,” Stellar World executive director Steve How told TheEdgeProperty.com.

The development is also located adjoining to the Malaysian Customs, Immigration and Quarantine checkpoint and is about 20km from the upcoming Betong airport, 90km from the Penang Port and Butterworth train station and 110km from the Penang International Airport.

Meanwhile, the Thai immigration and customs checkpoint is located 100m from Betong City and 6km from The Gateways.

“The idea and concept was incepted in 2003 by the then Perak Menteri Besar Tan Sri Tajol Rosli to develop and transform an abandoned 151 acres of rubber estate into an exciting cross border trading, commercial, manufacturing and tourist attraction,” How said.

The group is currently working on developing the first 50 acres. The maiden project under the first phase is expected to be completed by next year and has a GDV of RM70 million.

The project comprises 144 serviced suites, 80 retail units and a duty free shopping mall. “The serviced suites will come in three sizes — 344, 390 and 459 sq ft. Prices will start from RM168,000. They will carry an industrial concept with a New York loft design,” How said, adding that prices for the 80 retail units will start from RM113,000 onwards while the shopping mall will have a net lettable space of 300,000 sq ft.

Stellar World is also planning to launch two projects next year — one in Pahang and one in Kampung Jawa, Shah Alam. “We have a mixed development and resort on a 17-acre site called Brinchang Hills Resort in Cameron Highlands, Pahang. It will feature an English heritage architectural theme and will also be the first of its kind open air pop-up retail park in Cameron Highlands,” said How.

The developer may offer serviced apartments tentatively priced at RM280,000 at the project.

“The target market for this project will be the younger generation who want to experience what it feels like to be in Europe,” How added.

In Shah Alam, the group is looking to launch a terraced and town house development known as Garden Homes. The 4.8-acre project has an estimated GDV of RM45 million. “This project will be unique in its architecture while the interior will have a green concept which we will reveal closer to the launch date,” said How.

This story first appeared in TheEdgeProperty.com pullout on Nov 18, 2016, which comes with The Edge Financial Daily every Friday. Download TheEdgeProperty.com pullout here for free.