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SITE PROGRESS: Woodsland Park (Nov 2019)
About Woodsland Park A freehold affordable housing development by PTL Properties Sdn. Bhd. near Jalan Betek in Bukit Mertajam. It is strategically located next to Taman Sungai Rambai, just a stone’s...
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Penang earmarks five areas for PPR with Rent-To-Own scheme
The Penang government has identified five plots of land, specifically for the People’s Housing Projects (PPR). State Local Government, Housing, Town and Country Planning Committee chairman Jagdeep...
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97.7% of respondents supported Bayan Lepas LRT project
A total of 22,678 respondents or 97.7 percent of the participants in the public inspection session has supported the implementation of Bayan Lepas LRT Project. Penang Chief Minister, Y.A.B. Mr Chow...
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Housing controller has no power to grant EOT to developers
The Federal Court here yesterday ruled that the housing controller has no power to grant an extension of time (EOT) to developers to complete their property development projects. Chief Justice (CJ) Tan...
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SITE PROGRESS: QuayWest Residence (Nov 2019)
About QuayWest Residence Luxury residential development located next to Penang World City in Bayan Mutiara, Penang. This development comprises 1,235 condominium units in two 24-storey towers. Tower...
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GEM Residences – Live Next to the Largest Shopping Mall in Northern Region
GEM Residences – a new freehold condominium located at Jalan Baru, Prai, Penang is primed to bring a new standard of living to Prai, Penang by offering a range of well-designed modern living spaces...
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Ascott Gurney Penang is set open in 2021
Artist impression The first Ascott-branded serviced residence – Ascott Gurney Penang is set open in 4Q 2021. Singapore-listed CapitaLand Ltd’s wholly-owned lodging business unit, The Ascott Limited...
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Ewein and CZC to jointly develop land opposite Gurney Plaza
Approximate location Ewein Bhd is partnering Consortium Zenith Construction Sdn Bhd (CZC) to jointly develop land in Penang as a RM159.75 million development. In a bourse filing today, Ewein said its...
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UPCOMING: Teluk Kumbar / Zantalite Enterprise Sdn. Bhd.
A newly proposed development by Zantalite Enterprise Sdn. Bhd. at Teluk Kumbar. Located along Lorong Gertak Sanggul, about 5 minutes drive away from Lexis Suites Penang. Surrounding amenities include...
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More HK folk buying property in Penang
Hong Kong house buyers are looking around in Penang. “Hong Kong people buying properties in Penang is not something new. But the number has definitely accelerated now,” said International Real Estate...
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The Property Cycle (Repeat Process)
by Anders Ong Sometimes some people earn more in property investment and sometimes some people just making lost in the market. Some are pure experts and some are pure luck if we had bought properties...
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Gamuda expects first Bayan Lepas LRT package award by mid-2020
Gamuda Bhd is likely to sign the Project Delivery Partner (PDP) agreement for Penang Transport Master Plan in the ‘next few weeks’, and the first package of Light Rail Transit (LRT) would be awarded...
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Penang to sign key agreement on Penang South Islands in Jan 2020
Penang Chief Minister Chow Kon Yeow today said the state will sign a major agreement next month to realise its 1,821ha three-island project (Penang South Islands), which forms an important part of the...
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SITE PROGRESS: Utropolis @ Batu Kawan (Dec 2019)
About Utropolis @ Batu Kawan A mixed commercial development by Paramount Property in Batu Kawan, Penang. Strategically located next to UOW Malaysia KDU Penang University College, just a stone’s...
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Penang South Islands
The Penang South Island (PSI) project embodies the social and economic goals at the heart of Penang 2030. Measuring 4,500 acres of state-owned land, the project will span three islands that comprise...
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Strong interest from mainland Chinese buyers expected next year
Chinese international property portal Juwai.com, forecast there will be stronger interest from Chinese buyers next year with the lowering of the minimum price threshold for foreign buyers on high-rise...
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Upcoming affordable housing by EcoWorld
Penang State Government in partnership with Eco Horizon Sdn. Bhd. will develop another Type-A affordable housing project near Kalidonia Farm at Southern Seberang Perai (SPS). Chief Minister, Y.A.B. Mr...
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Quit rent increase will be minimal
The Penang government yesterday assured those living in apartments and stratified units that any increase in quit rent will be “very minimal” and based on rates already in place since 1994. Chief...
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Iconic Regency – Where Convenience Meets Luxury
Iconic Regency is a freehold development nestled within the established commercial district and residential neighbourhoods for both local and expatriates in the middle of Sungai Nibong, Penang. Iconic...
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Penang Structure Plan 2030 gazetted, including 3 new islands
PSP 2030 (Draft) Penang Chief Minister Chow Kon Yeow yesterday announced the approval of the 2030 Penang Structure Plan (RSN), which outlines development strategies and policies for the state from 2020...
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