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market-recovery (1)

Residential overhang due to poor project planning and research by property developers?

Is the country's residential overhang the result of inadequate project planning and research by property developers? "Some properties are just not cleverly developed," said Chan Ai Cheng, president of the Malaysian Institute of Estate Agents (MIEA). She claimed that this resulted in low demand for such properties and had nothing ... Read More
Tanjung Pinang

MIEA: Property market to recover in 2022 with renewed consumer confidence

A strong recovery in 2021 from 2020 has signalled a return of consumer confidence and an improved property market this year, said the Malaysian Institute of Estate Agents (MIEA). In a statement today, MIEA president Chan Ai Cheng said that more importantly, the public must take heed of the fact ... Read More
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Penang tunnel must be at least 23m under seabed

If there is to be a tunnel under the sea between the Penang island and the mainland, it needs to be at least 23m beneath the seabed – almost equal to the height of a seven-storey building. This is among the critical technical considerations to ensure the port’s growth if ... Read More
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Eco-Tourism Hub @ Batu Kawan

A proposed eco-tourism hub by Penang Development Corporation at Batu Kawan. It will be located on 46.77 hectares of land in the northern part of Bandar Cassia - The largest integrated township in northern Malaysia. This project was showcased as Penang's future eco-tourism hub during the recent Expo 2020 Dubai. Proposed location: DISCLAIMER: ... Read More
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BNM: Housing market activity improves heading into 2022

Some improvements in housing market activity are visible heading into 2022, although the number of unsold houses remained high at 180,702 units in the third quarter (Q3) of 2021. Disruptions caused by the pandemic partly contributed to the slower clearance of unsold housing stock despite ongoing home purchase incentives, said ... Read More
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SITE PROGRESS: Havana Beach Residences (Mar 2022)

About Havana Beach Residences Affordable housing development by Ideal Property Group at Bayan Lepas. Strategically located near Jalan Tun Dr. Awang, less than 2km away from Penang International Airport. It is about 5 minutes walking distance to  SMJK Heng Ee (Bayan Baru branch). Find out more about Havana Beach Residences Register your ... Read More
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UPCOMING: Prai / G Land Development Sdn. Bhd.

Yet another proposed serviced residence development by G Land Development Sdn. Bhd. (a subsidiary of Hua Yang Berhad) at Prai. Strategically located on a 2.3-acre land along the busy road of Jalan Baru, next to Meritus Residendi serviced residence by the same company and Tian Siang Premium Auto. It is ... Read More
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Penang’s ferry terminals upgrade to be completed by August

The project to upgrade the two ferry terminals in Penang will be completed in August and will have airport-like facilities as well as cater to persons with disabilities (PwD). Penang Port Commission (PPC ) chairman Datuk Tan Teik Cheng said the upgrading works at the Pangkalan Sultan Abdul Halim (PSAH) ... Read More
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Desa Mawar neighbourhood park at Air Itam now officially opened

It was a joyful Sunday morning for those living in Air Itam as the Penang government officially announced the opening of the long-awaited Desa Mawar neighbourhood park here. Measuring 6,855sq ft, the park was upgraded and installed with various attractive facilities for the people to enjoy. The construction works at the ... Read More
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Titijaya and DHL to develop semiconductor logistic facility in Batu Maung

Penang will see the establishment of its first-ever ultra-modern logistics commercial complex in Bayan Lepas next year. Titijaya Land Berhad and DHL Supply Chain (M) Sdn yesterday signed a Memorandum of Agreement (MoA) to develop the complex at a 20-acre mixed development site in Bayan Lepas. Chief Minister Chow Kon Yeow, ... Read More