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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
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
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
Rehda lauds Local Government Development Ministry’s proposal to introduce special urban renewal law
The Real Estate and Housing Developers’ Association (Rehda) Malaysia welcomes the announcement by Local Government Development Minister Nga Kor Ming on the proposal to introduce a new law to oversee urban regeneration efforts in the country, according to a statement issued by Rehda president Datuk NK Tong on Thursday. The ... Read More
Bank Negara maintains OPR at 3%
Bank Negara Malaysia has decided to maintain the overnight policy rate (OPR) at 3% following its two-day Monetary Policy Committee (MPC) meeting that ended today. In a statement, the central bank said at the current OPR level, the monetary policy stance remains “supportive of the economy” and is consistent with ... Read More
UPCOMING: Permatang Pauh / Pemaju Kelang Lama Sdn. Bhd.
Newly proposed landed residential development by Pemaju Kelang Lama Sdn. Bhd. in Permatang Pauh. Located near Jalan Sama Gagah, the proposed development is adjacent to Taman Himalaya. It is only about 1km away from the North-South Expressway's Permatang Pauh interchange and approximately 10 minutes' drive to the Penang Bridge. This ... Read More
Savana @ Utropolis – Latest Showroom is Now Open for Viewing
Looking to own your first home or to find the perfect unit to invest? Look no further. Don’t miss out on this extraordinary opportunity here at Batu Kawan. Experience Savana’s unique features firsthand – from versatile living spaces to contemporary and minimalist designs at Savana's latest showroom. All furnished by IKEA ... Read More
Strong demand for first phase of Penang Technology Park in Bertam
Ideal Capital Bhd has signed sales and purchase agreements (SPAs) with 23 local and foreign companies to occupy about 35% of the first phase of the Penang Technology Park (PTP) in Bertam. Based on the current market price of RM65 and RM90 per sq ft for industrial properties in North ... Read More
Gurney Bay Phase 1 set to open by year-end
A total of 4,541 trees will be planted at Gurney Bay, with 1,500 trees for Phase 1 and the remaining 3,041 trees for Phase 2. Local Government and Town and Rural Planning Committee chairman H’ng Mooi Lye disclosed that so far 310 trees, which is over one-fifth of the Phase ... Read More
Penang’s residential prices grew 5.78% in 1H2023, 2nd best in Southeast Asia
Residential prices in Penang grew 5.78 per cent year-on-year (YoY) making it the second-best performing city in Southeast Asia, according to Knight Frank Asia-Pacific. Kuala Lumpur on the other hand, saw residential prices increase by 0.34 per cent. This was part of the findings of Knight Frank APAC's Asia-Pacific Residential ... Read More
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RECENT COMMENTS
- Good Luck to all those first time buyers... LOL ...MajorArches on Early completion of Ideal Residency: PR1MA delivers keys to 20 proud homeowners
- @JC It's not a wise decision to dump all 1M in a same bucket. Lumina...Ryu on Lumina Residence
- @walter Nowadays agent all so kids, how many are them really know about property? Last...honda on Lumina Residence
- @JC If both city views, Lumina will get super hot evening sun, while Queens will...walter on Lumina Residence
- @Puzzled I believe 80% of that 30% are units reserved for BoonSiew. They have this...walter on Lumina Residence
- @Puzzled I'm dilemma of Lumina or Queens residence Q3. I have 1M budget here but...JC on Lumina Residence
- Correct. Ang Mos/expats holding senior position prefer locations that offer a well blend of greenery,...Puzzled on Lumina Residence
- @Ora small issue. the condo market value is approaching 900k now ...chookimhock on The Cube
- @Ora 500k? Daily rob!! Seaview condo!! ...Ryu on The Cube
- @damien I would be more worry if my apartment/house is on or next to hill...Oh nice on SITE PROGRESS: Mezzo @ The Light City (Oct 2024)
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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