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Penang yet to receive formal approval to develop islands
The Penang state government has yet to receive any formal approval for the Penang South Reclamation (PSR). In a statement today, Penang chief minister Chow Kon Yeow refuted a media report titled...
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Mahsuri flats to be torn down under Penang’s urban regeneration initiative
The Penang government has decided to proceed with the rejuvenation of the ‘5 Point Blocks’ flats in Lorong Mahsuri 10, Bayan Baru. State Local Government, Housing, Town and Country Planning Committee...
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Penang CM confirmed received Penang South Reclamation approval via fax
Source: TheStar The Penang South Reclamation (PSR) scheme near Teluk Kumbar has been given the thumbs-up by the Environment Department (DoE), says Chow Kon Yeow. The Penang Chief Minister confirmed...
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First phase of I-Santorini affordable home completed
Ideal Property Group shows its persistence in delivering quality housing projects with two project completion within the first half of year 2019. A number of 835 first time home buyers are now...
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Lin Xiang Xiong Art Gallery
Penang island, which resembles a turtle, will have a turtle-shaped art gallery by the end of 2021. The unique project, called the Lin Xiang Xiong Art Gallery, is the outcome of a collaboration between...
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Penang International Exchange (PIX)
Penang International Exchange, a proposed commercial development by Ideal Property Group in Bayan Baru. Strategically located next to the intersection of Jalan Tengah and Jalan Mayang Pasir, near...
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PTPTN borrower will no longer be blacklisted from buying a house
First-time homebuyers burdened with student loans will now be able to buy their own home as they will no longer be blacklisted from buying a house under the Central Credit Reference Information System...
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UPCOMING: Sungai Ara / PPH Resorts Sdn. Bhd.
A proposed luxury development by PPH Resorts Sdn. Bhd. in Sungai Ara, Penang. Situated on the hill next to Setia Pearl Island, with panoramic views over Penang International Airport and second bridge....
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Ideal Property Group ventured into 88-acre integrated development in Balik Pulau
Ideal United Bintang International Berhad (IUBIB) had on July 9, 2019 submitted to Bursa Malaysia, announcing the acquisition by IUBIB of the 100% equity interest in Ideal Greencity Sdn. Bhd. (‘Ideal...
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EcoWorld begins handover of wellness-themed Eco Terraces
Eco World Development Group Bhd (EcoWorld) has started to hand over the completed units at its Eco Terraces condominium project on Penang Island. Sitting on a 12.79-acre freehold site, Eco Terraces is...
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Penang South Reclamation 2nd phase has started
Work on the next phase of the Penang South Reclamation (PSR) project has started following approval from the Department of Environment (DoE) early this month. Chief Minister Chow Kon Yeow (pic),...
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Is allowing blacklisted PTPTN borrowers to apply for loans a good thing?
By Dr. Paul Selva Raj The Ministry of Housing and Local Government has announced that backlisted National Higher Education Fund Corporation (PTPTN) borrowers who are listed on the Central Credit...
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Transport Ministry approved Bayan Lepas LRT project
The Transport Ministry has approved Penang’s Bayan Lepas light rail transit (LRT) project, says Anthony Loke. In a statement Tuesday (July 17) the Transport Minister said approval was given after...
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Ferringhi Residence 2 named the Five Star Best Residential Development
Mah Sing Group Berhad’s Ferringhi Residence 2 project in Penang has received recognition for its excellence. It was named the Five Star Best Residential Development for Malaysia at the Asia Pacific...
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Mont Residence – Limited units available with attractive ownership package!
Mont Residence, a 38-storey lifestyle condominium located on 5.15 acres freehold land in Tanjung Tokong. Featuring 473 condominium units with four well-designed and practical layouts. The project is...
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Strengthen MM2H programme to ease property glut
The Malaysian Institute of Professional Estate Agents and Consultants (MIPEAC) is of the view that encouraging more foreigners to take up the MM2H (Malaysia My Second Home) programme and to invest in...
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Tender for detailed design on Gurney Wharf to open in Q4
The state government will call for tender for a detailed design on Gurney Wharf, touted as the state’s seafront park-in-the-city, by end of the year. State Local Government Committee chairman Jagdeep...
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First Phase of IKEA integrated shopping centre to open by end of 2019
We are pleased to announce that IKEA Southeast Asia is now readying to open the first phase of a shopping centre that will be linked directly to our blue-box home furnishing store in Northern...
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Garden Villas @ Jesselton Hills
Garden Villas, the latest addition to the greenery-shrouded residential development of Jesselton Hills by DNP Land at Alma. It’s only 5 minutes drive to AEON Mall, under 3km from SJKC Sin Ya primary...
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How To Spot & Invest In The Best New Property Development In The Market
by Anders Ong The trend had changed from years to years, ten years ago most property investors only had a few selections of new property development to invest and a few hot spots to choose. Today the...
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