The “Rivanis” development project, a mixed-use venture spearheaded by Rivanis Ventures Sdn. Bhd., is set to transform the landscape of Kampung Manis in Perai, Penang. This project, recently formalized through a Memorandum of Agreement between the Railway Asset Corporation (RAC) and the Penang State Housing Board (LPNPP), aligns with Penang’s Vision 2030 initiative to enhance liveability and housing affordability for Penang residents.
Located on portions of Lot 286, Lot 65, and Lot 67, the Rivanis project will bring significant upgrades to Kampung Manis by incorporating both affordable housing and commercial spaces. The project name, a blend of “River” and “Manis” (a nod to the village’s name), symbolizes the integration of modern, dynamic living with respect for the community’s roots.
One of the core features of the development is the provision of free housing to eligible Kampung Manis residents. Under this arrangement, 177 units of Affordable Housing (Rumah Mampu Milik, RMM) will be allocated at no cost to residents, offering 850sq.ft. units valued at approximately RM400,000 each. This initiative allows residents to transition into modern, high-rise living without financial strain. The RMM units, comparable to Type C3 affordable housing in terms of quality, will be built in a 30-story apartment block. Upon completion of this block, existing homes in the area will be demolished to make way for the broader mixed-use development.
Beyond residential units, the Rivanis project will incorporate a wide range of amenities and commercial elements to create a vibrant urban hub. Plans for the project include high-rise condominiums, commercial centers, drive-through outlets, and serviced apartments. These additions are anticipated to enhance the urban appeal of Perai, supporting a more modern and dynamic cityscape. The first phase of development will include 338 RMM units complete with community amenities such as a swimming pool, children’s playground, and gym, providing an enhanced lifestyle experience for residents.
Transport Minister Anthony Loke has expressed optimism about the project’s timeline, targeting completion within three years or before the next general election. The project’s gross development value (GDV) is estimated at RM1.5 billion, underscoring its scale and importance to the region. With the land contributed by RAC, Rivanis Ventures is positioned to successfully deliver this comprehensive development.
The Rivanis project marks a collaborative effort between state and federal authorities to uplift Penang’s housing sector while preserving community ties and supporting the state’s economic and urban growth goals.
