Paramount Property completes main structural works on RM266 million Seiras in Batu Kawan
The latest high-rise residential project at Utropolis Batu Kawan has moved into its next construction phase after completing its main structural works. The 43-storey tower is scheduled for early completion in the fourth quarter of 2027, adding to the housing options at Paramount Property’s integrated development in Penang.
Highlights
- Paramount Property reaches the topping-out milestone for its RM266 million Seiras project in Batu Kawan, ahead of schedule for the fourth quarter of 2027.
- Seiras’ fifth phase, launched in 2025, comprises 411 units with Penang’s first dual-key and triple-key configurations.
- Paramount Property’s Utropolis Batu Kawan development now spans 44.3 acres, anchored by the UOW Malaysia KDU Penang Campus, one kilometre from the Sultan Abdul Halim Muadzam Shah Bridge.
This article was translated from the original. Read the original version by our correspondent here.
Project progress and completion timeline
According to The Edge Malaysia, Paramount Property said in a press statement issued on Thursday that the topping-out milestone brings Seiras closer to its early completion, ahead of schedule in the fourth quarter of 2027.Launched in 2025, the RM266 million fifth residential phase comprises 411 units measuring approximately 1,033 square feet. The project features dual-key units and triple-key units, described as the first of their kind in Penang.
Following completion of the main structure, construction work will move on to the architectural and interior components, shared facilities, and fit-out works for the fully furnished units.
Seiras’ role in Batu Kawan’s development
Paramount Property Northern Region Chief Executive Officer Wang Chong Hwa said Seiras’ progress reflects the continued development of Utropolis Batu Kawan and the company’s commitment to building a connected community that grows to meet the needs of residents, workers and visitors.He said Batu Kawan has continued to develop since Paramount Property began developing Utropolis Batu Kawan a decade ago, with homes, commercial spaces and facilities added in phases to create a more complete urban environment.
The 44.3-acre integrated development is anchored by the UOW Malaysia KDU Penang University Campus and is located approximately one kilometre from the Sultan Abdul Halim Muadzam Shah Bridge.
In our earlier article about Land 33 Bhd’s proposed land purchase in George Town, the company planned to acquire a 1.05-acre plot on Jalan Cantonment for RM32.3 million to expand its land bank in Penang. We also highlighted that the acquisition was expected to be financed through a combination of internal funds and bank loans, with the aim of supporting future development in a mature, high-demand residential location.
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