Aspen Park Hills (APH), the indirect subsidiary of Aspen (Group) Holdings, has terminated its conditional share and purchase agreement with Geo Valley to purchase land in Paya Terubong. This was due to non-fulfillment of the conditions precedent, Aspen said in a bourse filing on last Wednesday (Dec 29). In 2019, ... Read More

Following the success of Seri Tanjung Pinang (STP), Eastern and Oriental Bhd (E&O) is gearing up to launch its second master-planned development in Penang. Aptly named Andaman after the surrounding sea, this 760-acre island, just across the waterway from STP, is envisioned as the next iconic E&O address. Andaman will ... Read More

The construction works of the Air Itam-Tun Dr Lim Chong Eu Expressway bypass (Package Two) are ahead of scheduled progress and they are expected to be completed by the end of January 2025. Chief Minister Chow Kon Yeow said, as of Nov 30 last year, the project’s actual progress was ... Read More

An international class hotel, known as Le Meridien Penang Airport, will be built in the middle of this year near the Penang International Airport in Bayan Lepas. The 200-room hotel, which is one of the components of a mixed-use development known as Penang Gateway, is slated to be completed in ... Read More

A section of the Bukit Kukus paired road project under the Penang Island City Council (MBPP) is expected to be officially open to road users on Jan 13 this year. Chief Minister Chow Kon Yeow and state Transport and Infrastructure Committee chairman Zairil Khir Johari, together with MBPP mayor Datuk Yew ... Read More

Yet another upcoming affordable housing development by Penang Housing Board (LPNPP) at Teluk Kumbar. Located on a 4.2-acre land near Jalan Gertak Sanggul, just a stone's throw away from Baymont Residence. It is surrounded by several seafood restaurants,  less than 5 minutes drive to Lexis Suites Penang and Tanjung Asam Beach. This development ... Read More

State Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo emphasised the importance of delivering affordable housing schemes to the community when he announced a new housing scheme in Lot 244, Mukim 9 Teluk Kumbar, Bayan Lepas on Saturday. He said the state has managed to reach ... Read More

Wishing you and your family a Prosperous and Happy New Year 2022!  Looking back at 2021, the prolonged COVID-19 pandemic has definitely caused an overall subdued property market. However, Penangites have never stopped searching for their dream home in Penang. Here are the 10 most popular projects. As usual, 9 out of 10 are ... Read More

Vertice Bhd and Consortium Zenith Construction Sdn Bhd have mutually terminated the contract for the construction works for Package 2 of the Penang Mega Infrastructure project worth RM815.0 million undertaken by Buildmarque Construction Sdn Bhd. Buildmarque Construction is a 50:50 JV company formed between Vertice Construction, a wholly-owned unit of ... Read More

Mah Sing Group Bhd is cautiously optimistic about the property prospects in the medium to long term, citing robust demand for properties from the country's young population. The impact of the epidemic has had an influence on the property market in Malaysia over the last two years, resulting in a ... Read More