The final cost of the Penang Transport Master Plan (PTMP) could balloon to more than the estimated RM27 billion once all the plans — including for the elevated rail system alignment — and the relevant detailed studies are completed, with federal approvals obtained. Gamuda Bhd-led SRS Consortium project delivery partner ... Read More

Lectures on property among expo’s highlights The Penang Property Summit 2016 will take place from Friday to Sunday for the second year running at the Subterranean Penang International Convention and Exhibition Centre. With over 30 exhibitors at the three-day event, it will kick-start on Friday with an International Real Estate ... Read More

Vertu Resort, the very first resort-inspired high-rise development by Aspen Group at Batu Kawan, with a gross development value (GDV) of RM620mil. This is the second phase (and the first residential development) in Aspen Vision City. The project will comprise units that will be priced between RM350 and RM380 per sq.ft. and is slated ... Read More

Penang-based Aspen Group has set a sales target of RM1 billion this year after recording sales of RM900 million last year. Aspen Group CEO Datuk M Murly (pictured) said the target will be achieved through four launches worth more than RM2 billion this year, including its maiden venture outside the ... Read More

Queens Residences, a luxury waterfront development by Ideal Property Group at Bayan Bay with gross development value (GDV) of RM600mil. This development is located in front of BayStar Condominium, just stone's throw away from Queensbay Mall. This project will be developed in 4 phases. First two phases are currently in progress, ... Read More

Looking back at 2015 2015 was certainly a challenging year for property developers. Various cautionary signals continued to influence the market sentiments. This is evidenced by the consecutive quarter-on-quarter decline in the residential property transactions since 2013. The decline in transactions was particularly obvious for residential property in the island ... Read More

Glisten Hill, an upcoming high-rise development in Juru, Penang. This development is located along Jalan Juru, comprises 134 units of service suites. It is only a short drive from Juru Autocity, about 10 minutes drive to AEON Big hypermarket at Bukit Minyak. Property Project : Glisten Hill Location : Juru, Penang Property Type : Service Suites ... Read More

No choice but to reclaim land to fund transport plans in Penang Over the past seven years, the DAP-led Penang government has had to endure criticism from various quarters over many of the changes introduced in the state. Among them are the proposed undersea tunnel and highway projects and more ... Read More

If you are buying your first home in the South-West district of Penang, you may be interested to find out how are these two affordable housing projects compared to each other. Ramah Pavilion One Foresta Developer M Summit Group Ideal Property Group Location Teluk Kumbar Sungai Ara Standard unit size ... Read More

Ewein Bhd's (Ewein) unit, Ewein Zenith II Sdn Bhd, has inked a sale and purchase agreement (SPA) with Consortium Zenith BUCG Sdn Bhd (CZBUCG) to acquire a 1.79-hectare freehold land in Section 1, Bandar Tanjong Pinang, Penang for RM162 million. In a statement, Ewein said RM16.2 million would be deposited ... Read More