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Flat property market seen for Penang
The Penang property market is expected to remain flat yet resilient this year and could bottom out within the next two years. CBRE|WTW Research in its Real Estate Market Outlook 2019 says it will be a buyers’ market over the short term, particularly for residential properties. “Under the prevailing subdued ... Read More
Construction of Ayer Itam-LCE Expressway bypass to start on Aug 31
Construction of the 5.7km Ayer Itam-Tun Dr Lim Chong Eu (LCE) Expressway bypass, which would be part of the RM46 billion Penang Transport Master Plan (PTMP), will begin on Aug 31 this year, Penang Chief Minister Chow Kon Yeow (pictured) said yesterday night. He said the commencement of the by-pass ... Read More
Alma Signature
Alma Signature, an industrial park development by Golden Success Development Sdn. Bhd. at Alam in Bukit Mertajam. This is a joint venture project by GSD Land and DSG Group. Located next to Alma Light Industrial Park near Jalan Rozhan, surrounded by a matured neighborhood. It is just a mere drives ... Read More
Still no firm date for Penang tunnel construction
There is still no indication as to when construction work will start on the PenangUndersea Tunnel project, as the contractor is still waiting for the relevant land to be dredged. “We are supposed to start in March, but the Penang state government’s land is not ready. Until we receive the land ... Read More
UPCOMING: 90-acre Integrated Development at Balik Pulau
An upcoming 90-acres mixed-use development with a minimum gross development value (GDV) of RM600 million by Ark Resources at Balik Pulau. It is close to the west coast of Penang Island, about 10 minutes drive from Balik Pulau town centre. This development comprises a mix of commercial and residential properties: ... Read More
CNY Open House by Mah Sing attracted huge crowd
In conjunction with the Chinese New Year, Mah Sing Group Berhad (Mah Sing) decorated their Southbay Sales Gallery in Batu Maung with the Old Street concept and hosted an open house for the local community and their customers. During the celebrative event over the weekend, it attracted a huge crowd ... Read More
Exclusive Sneak Preview of IKEA Batu Kawan
IKEA Malaysia today surprised the Penang-based media with an exclusive sneak preview of its highly anticipated store, IKEA Batu Kawan. Held in line with the store's Roof Capping event, a Swedish tradition to celebrate the end of construction, IKEA took the opportunity to unveil features of this store while expressing ... Read More
Silent majority in Penang wants PIL 1
The Penang government has again defended the Pan Island Link 1 (PIL 1), with Chief Minister Chow Kon Yeow saying the state’s “silent majority” wants the project to proceed. He said based on feedback from the public through town hall sessions, some 80% of Penangites approved of PIL 1, a ... Read More
Urban renewal on the cards
Penang will be undergoing urban regeneration in the near future to address land scarcity, especially on the island. State Housing, Town, Country Planning and Local Government Committee chairman Jagdeep Singh Deo said that to ensure that there is enough housing for the future population of Penang, safety measures must be ... Read More
Elevate @ Gravitas
Elevate @ Gravitas, the first commercial component of the 21.3-acre masterplan Gravitas development by UDA Property at Prai. Strategically located along the ever-bustling Jalan Baru, immediately opposite the Mydin Mall. This development phase comprises a 4-storey commercial building, featuring 114 units of shop offices with built-up size ranging from 1,119 sq.ft. onwards ... Read More
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OTHER DEVELOPMENTS
- Affordable Housing (Penang Island)
- Butterworth Arena
- Columbia Asia Medical Centre
- Eco-Tourism Hub @ Batu Kawan
- Escape Penang – Eco Theme Park
- GBS @ The Waterfront
- GBS by The Sea
- Gurney Wharf
- IKEA Batu Kawan
- Island Medical CIty
- Kobay Jelutong
- Lin Xiang Xiong Art Gallery
- Linear Waterfront
- Mitsui Outlet Park @ PIA
- One Auto Hub @ Batu Kawan
- Penang Arts District
- Penang Eastern Seafront Development
- Penang Medical & Digital Technology Hub
- Penang Premium Outlets (Design Village)
- Penang Sentral
- Penang South Islands
- Penang Transport Master Plan
- Penang Waterfront Convention Centre
- Penang World City
- PIA Expansion
- Silicon Island
- Teluk Bahang Wellness Resort
- The Ship Campus (ALC College)
- The Top @ Komtar
- Wellness City of Dreams