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Hill valley near Paya Terubong to be turned into agro-tourism resort

A 164ha hill valley land near Paya Terubong here will be developed for an agro-tourism project over the next five years. The project, overlooking the Bukit Kukus Bypass bridge, will combine the features of a nature resort with flying fox lines. It will also improve food security by encouraging vegetable ... Read More
penang-southwest

New residential property launches plunge by 50% in H1 2023

Residential property launches in the first half of 2023 plunged 50.2% to just over 16,000 units from 33,205 units in H1 2022, said the National Property Information Centre (Napic). Compared to the second half of 2022, residential launches in the first half of 2023 were down by 20.9%. These statistics ... Read More
Lin Xiang Xiong Art Gallery

Opening of RM80 million art gallery in Gelugor set for 2025

known for its rich heritage and vibrant culture, will soon welcome the opening of the RM80mil Lin Xiang Xiong Art Gallery at The Light City in Gelugor. Named after the owner-cum-world-renowned artist and entrepreneur, the seven-storey gallery will have retail shops, basement carpark and restaurant sited on a 0.36ha land ... Read More
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Nanyang Street @ RU Square

Nanyang Street @ RU Square is the transformation of early Penang Style while adapting to the Southern Eclectic Style building to Modern Living Shophouses from the George Town UNESCO World-Heritage to the heart of Raja Uda, Butterworth. This is part of the approximately 14-acre development of RU Square which consists of ... Read More
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SITE PROGRESS: Ferringhi Hills (Sept 2023)

About Ferringhi Hills A landed residential development within the established township of Batu Ferringhi. It is located along Persiaran Sungai Emas 1, only 10 minutes walk to Ferringhi Beach. It will feature a mix of 3-storey terrace (with lower-ground level) and semi-detached, bungalow houses, to be constructed in two phases. Find ... Read More
spice-relau-view

Vacancy tax possible answer to property glut issue?

The implementation of a vacancy tax could be a key factor in addressing the issue of vacant and unsold housing units across Malaysia. Khazanah Research Institute’s Theebalakshmi Kunasekaran said this tax is imposed on housing units that remain unoccupied or unused for a certain time period. It is usually calculated ... Read More
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Chinatown @ Raja Uda

Chinatown @ Raja Uda, is themed uniquely and integrated FREEHOLD commercial development where everything converges in one location to satisfy businesses, offices, entertainment, food & beverages and local amenities need. It is now set to change the Raja Uda townscape through a well-planned collection of the Chinatown themed commercial spaces ... Read More
Penang-LRT-pic

Penang LRT project included in 12th Malaysia Plan (12MP)

Ten new transportation projects have been included in the 12th Malaysia Plan (12MP) including the Penang light rail transit (LRT) project. During the presentation of the mid-term review of the 12MP, Prime Minister Datuk Seri Anwar Ibrahim said the government emphasised the development of sustainable and resilient transport and logistics ... Read More
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Weak monitoring of housing development accounts among factors contributing to problematic projects

Housing development account (HDA) weaknesses in monitoring and management procedures are among factors identified as contributing to problematic housing projects. Deputy Local Government Development Minister Akmal Nasrullah Mohd Nasir said HDAs are under the Housing Development (Control and Licensing) Act (Act 118), where the law requires licensed housing developers to ... Read More
savana-site-progress-sept-2023

SITE PROGRESS: Savana @ Utropolis (Sept 2023)

About Savana @ Utropolis This is the fourth phase of Paramount Property’s Utropolis development at Batu Kawan. Located along Jalan Cassia Barat 2, adjacent to Sensasi and Sinaran Residences. It is less than 5 minutes’ walking distance to Design Village outlet mall and UOW MALAYSIA KDU Penang University College, with easy ... Read More