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Penang: Making Pearls Affordable
Rising development costs are driving property prices upwards in Penang, but affordable housing schemes may help Penangnites own their dream home. Increasing economic development has driven up property prices in Penang, but the state government has taken measures to mitigate this and make affordable property accessible to Penangnites. Penang is ... Read More
UPCOMING: Sungai Ara / Palmex Industries Sdn. Bhd.
Another proposed high-rise development by Palmex Industries Sdn. Bhd. in Sungai Ara, Penang. It is located off Persiaran Kelicap, next to the company's ongoing Stramax Residences gated and guarded housing scheme. This development comprises two blocks of 35-storey condominium with 320 residential units. More details to be available upon project launch. Project ... Read More
Maximum 35-year mortgage more than enough
Bank Negara Malaysia (BNM) said a maximum loan tenure of 35 years is “more than sufficient” for borrowers to settle their housing loan by their retirement age. It said increasing the loan tenure will further add to the cost of financing without significant improvements in the affordability of the borrowers’ ... Read More
Positive views on Penang’s land reclamation
Due to the shortage of resources in the state, it is only rational for the state government to use reclaimed land to finance the infrastructure projects, according to two key business organisations in Penang. Real Estate & Housing Developers Association (Rehda) Penang chairman Datuk Jerry Chan said it was the ... Read More
Proposed Penang LRT routes and stations
REHDA Penang (Real Estate and Housing Developers' Association) members led by Chairman, Datuk Jerry Chan were in Komtar for a Transport Master Plan (TMP) briefing on 26 Feb . Chan congratulates the Penang state for coming up with a workable plan. He said, "It is a good plan. There is ... Read More
Prioritise high-density areas for LRT
The proposed Penang LRT should go through more high-density areas, said Real Estate & Housing Developers Association Malaysia (Rehda) Penang branch deputy chairman Datuk Toh Chin Leong. He said this was to ensure that the mega project would not run at a loss. “Priority should be given to areas like ... Read More
KDU Penang University College @ Batu Kawan
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
Gurney Wharf project stirring up waves of interest
The Gurney Wharf project has drawn a mixed reaction from the public. While some have given the thumbs up to the mammoth project, others remain cautious on the impact it would cause to the environment. Avid jogger and lawyer David Hoon said the project would definitely be a boon for joggers ... Read More
Quin
Quin, an upcoming mixed development by BSG Property in Bukit Gambier, Penang. It is part of the master planned development located on the quarry land along Jalan Bukit Gambier, adjacent to Minden Heights. The upcoming launch will consists of a 44-storey condominium with 487 residential units and 22 units of shop offices. Located next to i-Regency Condominium. Unit ... Read More
Second tower of The Tamarind 80% sold
The second tower of The Tamarind executive apartments in Penang by Eastern & Oriental Bhd (E & O) is 80% sold since its launch in late-2015, the group said in a press statement. The Tamarind comprises two towers, which sit on a seven-acre plot of freehold land -- with 552 ... Read More
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- @Nicky I just received my zen6 keys as well and the finishing and built quality...chookimhock on Iconic Regency
- Does it really need to cost Rm20 million restoration. What are the list of method...Richard Chuah on Penang City Hall to undergo RM20 million restoration
- @MajorArches its ironic, because if used to fullest probably cant sustain for long such old...Islander on Penang City Hall to undergo RM20 million restoration
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- @Errena Clara I just received my Zen 6 seaview condominium. Guess what :) It's really...Zen on Iconic Regency
- @Steve Hi Steve, thank you for the layout info. Hopefully, a better offer will come...CH on Iconic Regency
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OTHER DEVELOPMENTS
- Affordable Housing (Penang Island)
- Butterworth Arena
- Columbia Asia Medical Centre
- Eco-Tourism Hub @ Batu Kawan
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- 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
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