A total of RM220mil will be spent on the new KDU Penang University College campus in Batu Kawan. Paramount Corporation Bhd Group chairman and executive director Datuk Teo Chiang Quan (pic) said the first phase on a 4ha site would be completed in 2018. “There would be another phase of ... Read More

Penang’s first university metropolis in the fast-growing district of Batu Kawan. The metropolis will be developed by Paramount Property, the property development arm of Paramount Corporation Bhd. This development will be anchored by a new purpose-built campus for KDU University College Penang, and featuring residential, commercial and retail elements. The ... Read More

Paramount Corp Bhd has purchased 30 acres of freehold land in Batu Kawan, Penang for RM67mil from Penang Development Corp (PDC) to build a university college and mixed development project The land for the future KDU College Penang was priced at RM40.50 per sq ft while the land for the ... Read More

Benchmark Precision Technologies has officially expanded its operations in Penang with the opening of its fourth manufacturing facility. The new facility, located at Batu Kawan Industrial Park (BKIP), spans approximately 8,000 square metres and offers additional space for future development. This expansion complements Benchmark’s three other facilities in Bayan Lepas ... Read More

The government will draft a new bill on urban development, which will among others set "consent thresholds" for redevelopment. Presently, redeveloping a building requires a hundred per cent approval from residents. Housing and Local Government Minister Nga Kor Ming said this requirement could lead to unfairness if the majority of ... Read More

Tesla Malaysia has made a significant move to strengthen its presence in the northern region with the opening of a new service centre and workshop in Seberang Jaya. The facility, unveiled by Tesla regional director Isabel Fan, is equipped with cutting-edge body and paint services, designed to provide comprehensive support ... Read More

Jayamas Property Group is delighted to announce a soft launch event for the Ventus and Tradesmen project this weekend on 14th and 15th September 2024, from 10 am to 6 pm. This event will be held at Ventus & Tradesmen Sales Gallery which is located at Level 1, Queens Waterfront ... Read More

ELNA PCB (M) Sdn Bhd, a subsidiary of Global Brands Manufacture under the PSA Group, has officially opened its second facility in Penang’s Perai Industrial Zone. This expansion represents a significant investment exceeding RM1 billion and aims to further strengthen Penang's position as a global electronics manufacturing hub. The new ... Read More

Penang recorded 2,400 unsold residential units in the first half of 2024 (1H2024), placing it fourth among states with the highest property overhang, according to the National Property Information Centre's (Napic) report. The total value of unsold units in Penang amounted to RM2.02 billion, reflecting the ongoing challenges in the ... Read More

Malaysia’s property market achieved a significant milestone in the first half of 2024 (1H2024), with total transaction value exceeding RM105 billion from 198,906 recorded transactions. This marks the highest growth in value and volume in the past five years. According to Deputy Finance Minister Lim Hui Ying, the volume of ... Read More