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PTMP and PSR would not be scrapped at all cost
Mega projects planned for the state, such as the RM46 billion Penang Transport Master Plan (PTMP) and Penang South Reclamation (PSR), may be modified, scaled down or even reviewed depending on the...
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Concern over 40% hike in cement prices
The business community in Penang have raised concerns to the Finance Ministry over the 40% price hike in cement. Real Estate and Housing Developers’ Association Penang chapter chairman Datuk Toh Chin...
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Amansara South (Precinct 1) @ Setia Fontaines
Amansara South, also known as Precinct 1, is the first residential component in Setia Fontaines master-planned township development by SP Setia. Located in Bertam, Setia Fontaines has an estimated...
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Penang govt welcomes Federal’s willingness to consider funding for PTMP
The Penang government will be submitting its application to the Federal Government to seek an allocation to fund the Penang Transport Master Plan (PTMP) once the necessary approvals are obtained. Chief...
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No increase in cement prices
There will be no increase in the price of cement, says Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail. The minister said the decision was made following a meeting...
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Taman Desa Harmoni
Taman Desa Harmoni, a small residential development by Loyal Greenworld Sdn. Bhd. at Sungai Dua in Butterworth. Located off Lorong Sungai Dua Utama 21, just a stone’s throw away from SK Desa Murni. It...
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With federal funds for PTMP, scale of PSR to be reviewed
By Charles Tan I no longer stay in Penang but I support the Penang South Reclamation (PSR) scheme. The main reason is because it provides funding for Penang Transport Master Plan (PTMP) without which...
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One Hundred Suites & Residences
One Hundred Suites & Residences, a commercial development by Atta Global Group at Sungai Nibong. It is strategically located along Jalan Sultan Azlan Shah, diagonally opposite are SJK(C) Shih...
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Aspen Group acquires freehold land in Paya Terubong
Aspen Group, through its subsidiary Aspen Park Hills Sdn Bhd, has acquired 29.05 acres (11.62 hectares) of land in Paya Terubong from Geo Valley Sdn Bhd to be developed into mixed-residential...
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AFFORDABLE: Teluk Kumbar / Kobay SB Sdn. Bhd.
Yet another proposed affordable housing by Kobay SB Sdn. Bhd. at Teluk Kumbar. Located on an approximately 1-acre land off Lintang Teluk Kumbar 1, about 5 minutes walking distance from Lexis Suites,...
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Stratified property owners in Penang must pay parcel rent directly to land...
From this year, owners of stratified properties in the state will have to pay parcel rent directly to their respective district and land offices. Chief Minister Chow Kon Yeow said the parcel rent,...
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Penang property market seen to be challenging in medium term
The Penang property market, over the short to medium term, is expected to be challenging as a result of strong incoming supply of new units. At the end of 2018, the incoming supply of housing rose to...
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2019 HOC extended until the end of December
The Home Ownership Campaign (HOC) 2019 which should end this month is extended until the end of December to open more opportunities for home ownership among Malaysians. Minister of Housing and Local...
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Boon Siew Group buying land near Gurney Drive reclaimed area
Gurney Drive reclamation area The Penang Mega infrastructure project, which was awarded to Consortium Zenith Construction Sdn Bhd (CZC), is set to kick off in September this year following the...
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Construction work for The Light City will only start next year
IJM Land Bhd is expected to start the construction work for its RM4bil The Light City project by the second quarter of next year. The property group had earlier planned to start construction for the...
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MAHB to proceed with Penang International Airport expansion plan
Malaysia Airports Holdings Bhd (MAHB) is ready to proceed with its plan to expand the Penang International Airport after getting the approval from the Ministry of Finance. Group chief executive...
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RM3.15 mln fees for foreign property purchases in Penang exempted
Penang Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo (pix) said yesterday that the state government has “lost” RM3.15 million in approval fees that have...
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Boon Siew Group NOT buying land near Gurney Drive reclaimed area
The Boon Siew group is not involved in the purchase of a piece of land that the state of Penang had alienated to a private company with the mandate to undertake RM6.34bil worth of infrastructure...
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EIA approval secured for Penang South Reclamation (PSR)
Reported by TheStar newspaper, the state government has secured approval for the Environmental Impact Assessment (EIA) report of the Penang South Reclamation (PSR) scheme near Teluk Kumbar. It is...
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Precinct 6 @ Setia Fontaines
Following the introduction of Amansara South (Precinct 1), Precinct 6 is the second residential component to be launched in the 1,675-acre Setia Fontaines master-planned township development by SP...
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