PETALING JAYA: Headwinds from the gloomy global economic and financial fronts, particularly in the United States and the eurozone, will pose challenges to the performance of the local real estate investment trusts (M-REITs) this year. According to Malaysian REIT Managers Association chairman Stewart Labrooy, the M-REIT sector will face slower ... Read More

WITH less than a month away before Penangites usher in the Year of the Dragon, the state government has called on the public, individuals and non-governmental organisations (NGOs) to lend a hand to the upcoming ‘Spring Cleaning @ George Town World Heritage Site 2012’ programme. Unlike the state’s first gotong- royong programme ... Read More

GEORGE TOWN: Penangites should not be kept in the dark over talk of land reclamation along the Bayan Lepas coastal area. Pantai Jerejak Barisan Nasional coordinator Wong Mun Hoe urged the state government to “come clean” on its dealings with Boustead Holdings. “The reclamation of 40ha is estimated to be ... Read More

THE state government is concerned over the lack of progress at the RM2.7bil Penang Sentral project in Bagan Dalam, Butterworth. Deputy Chief Minister I Datuk Mansor Othman said the project was launched by former Prime Minister Tun Abdullah Ahmad Badawi in July 2007 and the first phase was supposed to ... Read More

The Penang Government is pro-posing the redevelopment of Swettenham Pier and wants feedback and views from the public on its plans. Chief Minister Lim Guan Eng said the state was considering putting together a Request for Proposal (RFP) application for the development of an integrated waterfront and seaport at Lot ... Read More

GEORGE TOWN: The state government should not be blamed for the increase in land premium charges as the rate is fixed by the Valuation and Property Services Department. Chief Minister Lim Guan Eng was commenting on the statement by Penang Barisan Nasio- nal working committee deputy chairman Datuk Zainal Abidin ... Read More

KEPALA BATAS: Penang Barisan Nasional claims that the state's move to increase land premium charges, has inadvertently led to a rapid rise in property prices in Penang. State Barisan working committee deputy chairman Datuk Zainal Abidin Osman said the DAP-led state government had apparently hurriedly increased the land premium rates ... Read More

BM Utama and Jesselton Hills in Bukit Mertajam are two prestigious projects by DNP Land, with living spaces that are stylish and comfortable, and much thought given to the natural environment. DNP northern region general manager K.C. Tan said Phase 3 of BM Utama is built around an ideal blend ... Read More

FIVE new industrial sectors have been identified by investPenang for Penang to take advantage of the opportunities in the knowledge-based economy.They are information communications technology (ICT) for software engineering and creative multimedia, light-emitting diode (LED) lights industry, the medical devices, aerospace and solar/photovoltaic industries.Speaking to young entrepreneurs from the Associated ... Read More

THE state government should take the lead when it comes to building affordable housing.This call was made by the Real Estate and Housing Developers’ Association (Rehda) Penang chapter chairman Datuk Jerry Chan (pic).“Developers are not supermen. They alone cannot construct affordable homes.“The cost of subsidy is borne initially by developers ... Read More