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Jerejak Island has no specific development plan, Penang government says

Jerejak Island has no specific development plan, Penang government says
No plan for Jerejak Island

The Penang state government has no specific plan so far to develop state-owned land on Jerejak Island, despite several project proposals submitted by private developers. This position leaves uncertainty over mixed-use projects on the island, with any proposal still subject to planning approval, land matters, and technical and legal requirements.

Highlights

  • The Penang state government has yet to set a specific development plan for Jerejak Island; all proposals are subject to the authorities' technical and legal approvals.
  • The TOL for the 0.82-hectare site for a bridge to Jerejak Island was approved in 2023, with an annual fee of RM12,300, and is valid through 2026.
  • 85% of Jerejak Island is gazetted as a forest reserve and cannot be developed, limiting the scope of projects and serving as a key factor in economic assessments.

This article was translated from the original. Read the original version by our correspondent here.

Private proposals and approval requirements

As reported by The Edge Malaysia, Penang Chief Minister Chow Kon Yeow told the State Legislative Assembly that proposals received for Jerejak Island include mixed-use development, infrastructure, and recreational facilities.

He said the state government had yet to set a specific development plan for the state-owned land on the island. According to him, any development proposal depends on planning approval, land matters, and compliance with the technical and legal requirements set by the relevant authorities.

Chow made the statement in response to a question from Joshua Woo Sze Zeng during Wednesday's question session.

Bridge status and land-use constraints

He also said that a Temporary Occupation Licence (TOL) for the 0.82-hectare site for construction of a bridge connecting Persiaran Bayan Indah near Queensbay to Jerejak Island was approved in 2023 and renewed annually through 2026.

The annual TOL fee is RM12,300. An earlier report also said that construction of a 1-kilometre bridge connecting Jerejak Island to mainland Penang, valued at RM500 million, is expected to begin this year.

About 85% of Jerejak Island is gazetted as a forest reserve and cannot be developed. This constraint limits the scope of potential projects and is a key factor in the economic assessment of any development proposal on the island.

In our earlier report on Land 33 Bhd's proposed land purchase in George Town, the company plans to acquire a 1.05-acre lot on Jalan Cantonment for RM32.3 million to expand its land bank. The purchase is expected to be financed through a combination of internal funds and bank loans, with the aim of supporting future development in a strategic, high-value location.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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