SUNTECH - Penang Cybercity

PROJECT BRIEF

A PERFECT BUSINESS LOCATION - Centrally located at the heart of the Penang Cybercity business district, SUNTECH is surrounded by various amenities including the Penang International Airport, hotels, shopping malls, the Penang International Sports Arena (PISA) and medical centres. SUNTECH vibrant location is further enhanced by its close proximity to Penang Free Industrial Zone (FIZ) which houses Multinational Corporation (MNC) companies like Intel Corporation, Dell Inc., Motorola Inc. and Agilent Technologies.

SUNTECH is an advanced hi-tech hub with the ambience of the most luxury and convenient. It is fully equipped with a complete range of shared business facilities like business centre, training rooms, conference rooms, seminar rooms and is WiFi ready for the whole building. It is fully equipped with topnotch recreational facilities including indoor gymnasium, recreational centre, sauna and steam room, garden café and cyber lounge. It is also the 1st office building with a sky-bridge link to a shopping centre with a total of 750 parking bays. The 24 hours CCTV surveillance system installed at every car park floors and lobby entrance with security control room monitoring the safety of SUNTECH tenants and guests.

SUNTECH is an intelligent building with complete Multimedia Super Corridor (MSC) infrastructures. Owing to its unique features, it has successfully attracted many MNC and MSC status companies to operate their business in SUNTECH. This is also a perfect place for foreign companies to set-up their representative office having equipped with full business facilities and low set-up cost. The Incubation Centre in SUNTECH building provides perfect space and full services for newly set-up technology based Research & Development (R&D) companies. Those MSC status companies operate in SUNTECH can enjoy the 10 bills of guarantees. The ‘Bills of Guarantees’ include among others tax exemption for 5 years and extendable to another 5 years. SUNTECH is a great investment opportunity with high potential capital appreciation. Many financial institutions have shown confidence towards the project by providing financing up to 85%.

Survey has shown that the demand for MSC office space with facilities equivalent to SUNTECH is increasing. Similarly the rental rate within its vicinity is also constantly rising. For some existing non-MSC status standard office space, the rental is between RM 2.80 to RM 4.50 per sq ft.

Unlike SUNTECH those standard offices are without provisions of facilities and SUNTECH intelligent features. SUNTECH expected rental yield for investment is 8% to 12% with rental of between RM 2.80 to RM 3.50 per sq ft. With such rental, the office space is almost self-financing.

SUNTECH is currently under construction and will be fully operational by December 2007. SUNTECH is truly an exclusive and a distinctive MSC compliant office building in Penang.

BENEFITS OF MSC STATUS
For those MSC status companies operating their business within the MSC compliant building (SUNTECH) are eligible to enjoy the 10 Bills of Guarantees (BOGs), which include:

1. World-class physical and information infrastructure
2. Unrestricted employment of expatriate k-workers
3. Freedom of ownership
4. Freedom to source capital globally
5. Competitive financial incentives
6. Intellectual property protection and Cyberlaws
7. No censorship of the internet
8. Globally comparative telecom tariffs
9. Tender key infra contracts to key companies willing to use PCC (Penang Cybercity) as a regional hub
10. To provide an effective one-stop agency

















M&E Special Features of SUNTECH
1. Provision of MDF rooms for telecommunication service provider - 1 common & 3 individual telcos
2. Provision of telecommunications trucking - Primary (8-way) and secondary (4-way) Galvanished Iron
3. Structured cabling - Cat 5e / fiber optic
4. Whole building WIFI ready
5. Electricity supply from TNB - Dual input line with backup
6. Energy saving lighting system
7. Elevator - 6 High-speed lifts
8. 24-hour automated car park system
9. 24-hour CCTV surveillance system - CCTV at lift and lift lobby on every floor and car park
10. Smart card access system
11. Integrated building management system (IBMS)
12. Projected overall M&E costing - RM11 Million

Unique Features of SUNTECH
- 1st propose-built MSC building @ Penang Cybercity (PCC)
- Enjoy MSC infrastructures
- Enjoy MSC benefits
- Tallest building @ PCC
- Enjoy a prestigious address
- 1st office suites with floor to floor height of 4.5M (14ft 9in)
- Allows for multiple usage
- Excellent location in the heart of Bayan Baru township
- Surrounded by excellent amenities
- 1st office building with sky bridge link to a shopping complex
- 4+2 high speed lifts serving 23 floors
- Reduced waiting time
- 1st in Penang to provide business facilities - Meeting rooms, waitng lounge etc.
- Save on costs
- 1st in Penang to provide recreational facilities
- 1 stop Centre
- 1st in Penang with roof top garden
- Excellent view of Penang bridge, Pulau Jerjak, Airport and city view.
- Grand entrance lobby
- Double the car parking space than required by MPPP
- Total surrounding car parking space available = 1200 units
- Data centre, incubation centre and WIFI ready

SUMMARY OF FACTS
- Land size - 1.06 acres
- Strategic & convenient location at gazetted Penang Cybercity 1
- Easy access to amenities & facilities, surrounding & within the building
- Financial institution, R&D, recreational etc.
- Easy access to Penang bridge, Penang International Airport and major freeways
- No restriction to foreigners
- World-class building design by well-known international Architect
- Well established & reputable developer
- No. of storey - 23 storeys
- Total no. of units:
- Retail Shop - 25 Units - Deluxe Office Suite - 5 Units
- IT World - 19 Units - Penthouse Office Suite - 22 Units
- Typical Office Suite - 133 Units - Total - 204 Units
- Unit price ranging from RM198,000 onwards (Office Suites)
- Unit size from 437 sqft to 1,254 sqft
- Expected rental is between RM2.80 to RM3.50
- Estimated returns of 8% to 12%
- Maintenance charges RM0.40/sqft
- Emerald Capital Management will assist in securing tenants on first come first serve basis