Great news for our valued purchasers

We are happy to annouce that MUZE@PICC’s Facade Lighting & Smart Entrace is completed.

Experience a breathtaking transformation at the iconic PICC facade like never before with Muze@PICC’s sensational Facade lighting. Immerse yourself in a dazzling spectacle of starry lights that will leave you enchanted and awestruck.

Additionally, the stunning Smart Entrance of Muze@PICC is a perfect blend of elegance and contemporary design. The façade showcases a seamless integration of glass and concrete, creating a visually striking building.

MUZE@PICC’s Great news
Jade Land Company News, Penang Property Investment & Economic Information

Jade Land registers a bulk sale transaction in PICC by UK private equity firm Shojin Property Partners


Jade Land Properties is proud to announce our success in concluding the bulk sales transaction of 20 units in the landmark development, Muze at PICC (Penang International Commercial City), amounting to a total value of MYR32.3 million (approximately HK$60 million) by UK private equity firm Shojin Property Partners (“Shojin”).

Shojin is an FCA regulated firm operating in the budding online real estate investment industry


Shojin is an FCA regulated firm operating in the budding online real estate investment industry, which enables investment in mid-market property developments simple, transparent, and affordable by way of crowdfunding. This venture is Shojin’s first international project outside of the United Kingdom.

Shojin Property Partners, an FCA regulated online real estate investment platform, has successfully raised funds from more than 40 global investors for its first international project outside of the United Kingdom.

The multi-billion Ringgit Penang International Commercial City (PICC) is a ground-breaking smart city development crafted by leading Malaysian developer Hunza Properties Group. PICC aims to create green sustainable living in a safe and secure environment, with smart technology and a fully integrated Light Rapid Transit station to maximise convenience.

Penang - the "Silicon Valley of the East"


Penang is a scenic coastal city situated on the north-western part of Malaysia by the Malacca Strait. It is one of the most economically vital regions in Malaysia and is the second largest city by population.

Among its numerous accolades, Penang is rated as “Asia’s Next Silicon Valley” by the BBC, the “Third Best Island to Retire in the World” by International Living, and “Medical Travel Destination of the Year 2020” by the International Medical Travel Journal.

In recent years, the state of Penang has emerged as a popular property investment destination among Asian investors due to its flourishing economy.


Penang is a prominent semi-conductor manufacturing hub, contributing approximately 8% of all global semiconductor output. Penang houses manufacturing facilities for over 300 multinational corporations and over 3,000 small and medium enterprises including Intel, HP, Dell and Sony.

On 17 December 2021, Intel, the world’s largest semiconductor manufacturer, confirmed its approx. HK$54.6billion expansion project to build a new computer chip manufacturing facility in Penang’s Bayan Lepas Free Trade Zone. This was in response to the global semiconductor shortage spurred by the surge in demand for computing devices during the covid-19 pandemic.

Jatin Ondhia, CEO, Shojin Property Partners, said:


“Penang is a hugely valuable and significant location, especially with the world’s growing reliance on microchip technology, which explains why it received the highest level of foreign direct investment in comparison with all other Malaysian states in 2019 – as high as 27.8% of Malaysia’s total approved investment (approx. HK$32 billion). The fact that we can be a part of such an exciting and growing community is a testament to not only the team at Shojin, but all the partners we work with as we take this first step into the global property investment landscape.”

Mr Ondhia added: “Having focused exclusively on the UK property market until now, I’m enormously excited to see our first raise outside the British Isles, which demonstrates the power of the model and our success to date.”

Dato’ Khor Siang Gin, Group Managing Director of Hunza Properties Group:


“With over 40 years of experience in the property development sector in Penang and as a consecutive winner of the FIABCI World Prix D’Excellence Award in 2014 and 2015 and a winner of multiple 5-star awards in the 2018-2019 Asia Pacific Property Awards, Hunza Properties Group is pleased with its ongoing partnership with Jade Land Properties, which has expanded our horizons towards a new pool of investors in the UK – private equity firm Shojin Property Partners.

Foreign investment in Malaysia will strengthen international investors’ confidence to further invest in the country. This is another milestone achievement, and serves to attract more foreign investment to us. We look forward to collaborating with Shojin Property Partners on our developments for years to come.”

PICC's Exclusive Agent based in Hong Kong, Theresa Fok, Managing Director of Jade Land Properties, said:


“Penang is a highly attractive location for Hong Kong investors looking to purchase a property abroad for investment, self-use or retirement, due to striking similarities between both cities. Of Malaysia’s thirteen states, Penang is the only state in which 59% of the island’s population is of Chinese ethnicity such that Cantonese, Mandarin and English are used in everyday life. Penang is also a former British crown colony, and a common law legal system is upheld. Given that there is limited developable land on Penang Island, property prices are steadily rising.”

More about Muze at PICC (Penang International Commercial City)


Muze is part of the Penang International Commercial City (“PICC”), a new 43-acre cutting-edge smart ‘city within a city’ project aiming to redefine global urban living. The unique mixed-use development contains 11 components, including an 800,000 square foot shopping mall, serviced apartments, 5-star hotel, A-grade offices, medical centre, central park and F&B boulevard. Muze is the first phase of the residential development at PICC and comprises two towers across 52 and 58 storeys. Block A will be formed of 394 residential units and communal facilities across 41 storeys, and Block B will be formed of 452 residential units and communal facilities across 47 storeys.


(From left) Hunza Group Managing Director, Dato’ Khor Siang Gin, OCBC Bank (Malaysia) Bhd CEO, Datuk Ong Eng Bin and Hunza Group Founder cum Executive Advisor, Dato’ Seri Khor Teng Tong introduced the entire concept of PICC to the guests.

(From left) Hunza Group Founder cum Executive Advisor, Dato’ Seri Khor Teng Tong, OCBC Bank (Malaysia) Bhd CEO, Datuk Ong Eng Bin and Hunza Group Managing Director, Dato’ Khor Siang Gin extended new year greetings to the guests after officiated the opening of the sales gallery.

The management of Hunza, alongside with the guest were posing for a group photo in front of the entrance of Hunza Pavilion.


Hunza Properties Bhd. has opened a new sales gallery (Hunza Pavilion) for its Penang International Commercial City (PICC) development project at Bayan Lepas on 2nd February 2019.

Much excitement and celebration marked the official launch of Hunza Pavilion held on the premise, beginning from 10am on the Saturday. The invitees-only event welcomed special guests, corporate partners and employees from Hunza.

PICC – Penang International Commercial City, proudly carries the name of Penang. The name provides the status and the opportunity to be the new KLCC in the Northern Region of Malaysia. PICC is a vision that heralds the quest for continuous improvement and better living. It will incorporate innovative and digital living features for lifestyles, amidst greenery to nurture a vibrant local and international community, as well as attract foreign direct investments. PICC is set to revitalize and serve as a vibrant commercial center for the island – a new integrated landmark that represents the “Pulse of Penang”.

This 43.36-acre land is strategically located in the heart of Southern Penang, accessible via the two Penang Bridges connecting Penang Island to the mainland, and just minutes away from the Free Trade Zone and the Penang International Airport. The entire development of the PICC is made up of a few components – PICC Tower, BPO Office, 5-Star Hotel, Medical Center, F&B Boulevard, Central Park, Lifestyle Mall and Residences. Its prime location puts the residents in the middle of all that is delightful, providing them plentiful options for shopping, dining, and entertainment, which has resulted in the perfect “live, work, play” urban environment.

All components are designed to come together with cutting-edge technology that enhances convenience, safety and connectivity amidst a green environment. Costing some RM6.5 billion in gross development value (GDV) and real estate investment cost of RM2.5 billion, the entire development is targeted to be completed within 10 years. A total of approximately 15, 000 job opportunities is expected to be created when this mammoth project is completed.

MUZE, The first phase of the residential offerings is a condominium development comprises of 2 towers, making up a total of 846 residential units. The homes range in size from 1,078 square foot, up to a 3,445 square foot penthouse.

The condominiums’ amenities include multi-purpose court (basketball court, netball & badminton), maze garden, pocket forest, outdoor gym, garden lounge, games room, cocoon pod, yoga zone, mini theatre & karaoke room, sky gourmet, spa, executive lounge, manicure lawn, infinity pool, couple cabana, meditation deck, herbs garden and many more.

Apart from the PICC project, the sales gallery also features model houses and show unit of TREEO, Hunza’s first affordable housing development located next to Taman Sungai Ara, about 1.5km away from SJK (C) Chong Cheng, offering panoramic views of hill, city and sea.

The development will bring much needed affordable housing opportunities for the Penangites especially the M40 group (Urbanite middle-40 households) of home-seekers. It is also part of the plan for the development of the Penang International Commercial City (PICC) to cater to the growing population in the Southern part of Penang.

TREEO comprises three residential towers offering a total of 1,240 affordable units. It is a freehold development with each unit of 872 or 883 sq. ft. comes with 3 bedrooms and 2 bathrooms. Majority of the units are allocated with 2 car parking lots. The facilities provided include infinity pool, wading pool, jacuzzi, gym / aerobic room, outdoor gym, children’s playground, rock climbing zone, game lounge and etc.

A diverse range of amenities and destinations are within mere minutes away such as the Penang International Airport, Penang Bridge, shopping mall, hypermarket, eateries, convention centre, schools and hospital.

To learn more about PICC and TREEO, call 04-6090 888 or visit

Alternatively, the sales gallery located at Jalan Tun Dr Awang, Bayan Lepas is open daily (close on 4th & 5th Feb 2019). Interested home buyers can visit the sales gallery from 9am to 6pm (Weekdays) and 10am to 6pm (Saturday, Sunday & Public Holiday).

For more information, please contact:

Faith Siah
012-701 7525

Karen Thein
012-430 3939