Hunza and Ideal to come up with RM13bil schemes The south-west district of Penang island will attract RM20bil worth of new residential and commercial projects over the next five to 10 years. About RM13bil worth of projects are new ones planned by Hunza Properties Bhd and Ideal Property Sdn Bhd, ... Read More

Work on the alternative road linking Lebuhraya Thean Teik in Bandar Baru Air Itam to Lebuh Bukit Jambul in Penang is progressing on schedule. The 6km-long paired road via Jalan Bukit Kukus is 27.5% complete, said state Local Government, Traffic Management and Flood Mitigation Committee chairman Chow Kon Yeow. “The ... Read More

Westlite Juru, another proposed workers village in mainland Penang, also undertaken by Westlite Dormitory (Juru) Sdn Bhd. The proposed housing is well located along the major thoroughfare of Jalan Juru in the Central District of Wellesley. It provides easy access to the Penang Bridge as well as established industrial parks ... Read More

Westlite Bukit Minyak, a proposed purpose built workers village in Penang, undertaken by Westlite Dormitory (Bukit Minyak) Sdn Bhd. It is strategically located near Bukit Minyak on the mainland of Penang, close to the North-South Expressway exit at Plaza Tol Bukit Tambun and Jalan Perindustrian Bukit Minyak, a key highway ... Read More

Building dreams, a ground-breaking transformation next to the millionaire’s enclave of Seri Tanjung Pinang. Commanding some of the most impressive waterfront and promenade views of Gurney Drive. City of Dreams offers the pinnacle of luxurious living with an exclusive location providing the finest living experience with convenient access to nearby ... Read More

Queens Waterfront, a waterfront development by Ideal Property Group, with a total gross development value (GDV) of RM2.15 billion. This development sits on 36.53 acres, of which 24.79 acres are reclaimed land. It will comprise an 11.74-acre residential component known as Queens Residences, a 6.1-acre marina, a waterfront promenade known as Queens Waterfront ... Read More

Nibong Tower, a proposed joint venture development between Premierview Property Sdn. Bhd. (Subsidiary of Kobay Technology Bhd.) and Strata Homes Sdn. Bhd. at Sungai Nibong, Penang. It is just a stone's throw away from 98 Nibong Residence, less than 500 meters away from Sungai Nibong Bus Terminal. The proposed development will see the construction ... Read More

The number of foreigners buying Penang properties have traditionally been below 10 per cent, state executive councillor Jagdeep Singh Deo said today. The housing development committee chairman sought to allay concern that non-Malaysians were gobbling up properties, saying it was a perception that was untrue. “It has always been less ... Read More

The Penang state government should implement clear-cut housing policies that suit the overall property market conditions, real estate agent Michael Geh said today. The chartered surveyor said the state must consider the effects of the policies implemented on both the primary and secondary markets. “I hope the state will implement ... Read More

Despite market softening, the secondary housing market still offers the best value in terms of price and value. Malaysian Institute of Estate Agents (MIEA) past president and chief trainer K. Soma Sundram said the secondary market would continue to move the real estate business this year. “Many don’t realise this ... Read More