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Vertice exits Penang mega infrastructure project
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 optimistic about Malaysia property market revival on robust demand
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
Cheap transport to solve housing woes
The government could solve the dual problem of property overhang and unaffordable homes by introducing cheap public transport, according to two academicians. Dr Rosli Said of the Department of Real Estate, Faculty of Built Environment at Universiti Malaya pointed out that while houses far from urban centres are cheaper, people ... Read More
UPCOMING: Tasek Gelugor / Maple Meadow Sdn. Bhd.
Proposed mixed development by Maple Meadow Sdn.Bhd. at Kubang Menerang in Tasek Gelugor. Located on 380 acres of land along Jalan Kubang Menerang, about 10 minutes drive from the established township of Bertam Perdana. It is adjacent to two ongoing affordable housing projects, namely Scientex Tasek Gelugor and D'Halona Place ... Read More
SITE PROGRESS: Havana Beach Residences (Dec 2021)
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
Casa Rica, the final phase of Setia Greens set to unveil
Penang homebuyers seeking exclusive landed residences in the Penang island can now look forward to S P Setia Berhad’s recent launch. Located in Sungai Ara, Bayan Lepas, the new project is the final phase within Setia Greens, a 46.3-acre township by S P Setia. Named Casa Rica, which means “rich ... Read More
UPCOMING: Batu Uban / Ivory Villas Sdn. Bhd.
A newly proposed commercial development by Ivory Villas Sdn. Bhd. at Batu Uban. Located between Jalan Sultan Azlan Shah and Tun Dr. Lim Chong Eu Expressway, adjacent to The View Condominium (Twin Towers). It is just a stone's throw away from Universiti Sains Malaysia, less than 5 minutes drive to ... Read More
Penang ferry service will see a RM100mil makeover
After 50 years, the Penang ferry service will see a RM100mil makeover, including the arrival of a fleet of four new ferries costing RM16mil each. Penang Port Sdn Bhd (PPSB) chief executive officer Datuk Sasedharan Vasudevan said the terminal upgrade on the island and mainland were expected to be completed ... Read More
SITE PROGRESS: Celesta Residency (Dec 2021)
About Celesta Residency Mixed development by Red Blue Development Sdn. Bhd. (TGB Group) in the established township of Sungai Nibong. Strategically located along Jalan Sultan Azlan Shah, diagonally opposite three public schools, namely SRJK(C) Kwang Hwa, SRJK(C) Shih Chung and SMK Sungai Nibong. It features a mix of residential and ... Read More
Intel’s new production facility in Bayan Lepas to be ready by 2024
With a presence in Penang that spans nearly half a century, Intel Technology Sdn Bhd is set to further anchor Penang’s position as an advanced manufacturing hub with its latest advanced packaging facility in the Bayan Lepas Free Industrial Zone. The new expansion facility is called the Pelican Project. Chief ... Read More
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