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Flash floods hit 34 areas of Penang after heavy rain
Flash floods were reported in 34 areas of mainland Penang, especially in housing estates, after heavy rain since 5pm. Three general election candidates have suspended campaign activities. Photographs posted by social media users showed streets and driveways awash in about 30cm of water, while flood water entered some houses. Police ... Read More
ATTA Global to acquire 3 land parcels in Batu Maung
Steel products manufacturer and trader Atta Global Group Bhd plans to acquire three sea-fronting parcels of land in Batu Maung, Penang, for RM28 million with an eye to scale up its property development segment. In an exchange filing yesterday, Atta said the proposed purchase will be paid with the issuance of ... Read More
ASE breaks ground on new chip assembly and testing facility in Penang
Leading outsourced semiconductor and assembly and test (OSAT) player, Advanced Semiconductor Engineering, Inc. has embarked on the construction of a new semiconductor assembly and testing facility at ASE Malaysia (ASEM) in the Bayan Lepas Free Industrial Zone. The new facility, with a built-up area of 982,000sq ft, will comprise two buildings ... Read More
CapitaLand Malaysia Trust to acquire Penang’s Queensbay Mall for RM990.5 mil
CapitaLand Malaysia Trust (CLMT) is buying 91.8% of the total strata floor area of retail parcels in Penang's Queensbay Mall from parties related to CapitaLand Investment Ltd (CLI) for RM990.5 million in a related-party transaction. The acquisition sum represents a discount of about 1% to the independent valuation of RM1 ... Read More
UPCOMING: Butterworth / Tah Wah Assets Sdn. Bhd.
Proposed serviced residence development by Tah Wah Assets Sdn. Bhd. in Butterworth. Strategically located at the intersection of Butterworth-Kulim Outer Ring Road and Jalan Bagan Ajam, opposite Orange 3 condominium. Being conveniently connected via BORR, it is only a 5 minute's drive to North-South Expressway and Penang Sentral. Amenities within ... Read More
Acme inks JV to develop 178 acres of land in Balik Pulau
Acme Holdings Bhd is teaming up with Koperasi Kampung Melayu Balik Pulau Bhd (KKMBPB) to jointly develop seven parcels of land measuring about 178.34 acres in Penang into a multi-phased integrated development. In a Bursa Malaysia filing, Acme said its wholly owned subsidiary Ayana Bayu Sdn Bhd (ABSB) had entered ... Read More
SITE PROGRESS: Terraces Condominium (Nov 2022)
About Terraces Condominium A highrise residential development by IJM Land at Bukit Jambul, Penang. Strategically located on 9.32 acres of land next to INTI International College. It comprises a 34-storey condominium tower, featuring 410 residential units with two different design types to choose from. (Photo taken in Oct 2022) Find out more ... Read More
PM launched RM113mil People’s Housing Programme in Penang
Seven hundred units of affordable housing will be built in the RM113 million Kepala Batas People’s Housing Programme (PPR) in Penang, said Prime Minister Ismail Sabri Yaakob. Speaking at the PPR’s groundbreaking ceremony on Nov 2, Ismail said the project would help meet the housing needs of the low-income population ... Read More
Preliminary work on the urban renewal for Padang Tembak Flat to be carried out next year
The preliminary works for the urban renewal projects (URC) for Padang Tembak Flat are expected to be implemented next year. State Local Government, Housing Development and Town and Country Planning Committee chairman, Jagdeep Singh Deo said the works include the draft feasibility studies, residents census and verfication of land ownership. "The Penang ... Read More
State to check on mandatory installation of water saving devices in all new development projects
The Penang government, through the Penang Water Supply Corporation (PBAPP), and the National Water Services Commission (SPAN) will continue to carry out joint inspections of the mandatory installation of water saving devices in new development projects in Penang. State Transport and Infrastructure Committee chairman Zairil Khir Johari said this was ... Read More
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- Is everything delayed the way of life in Penang ? ...chita on Penang undersea tunnel feasibility study delayed due to port expansion plans
- @millionaire Wrong mindset. Don't try to twist the issue around like roti canai. Very straight...Hee Chan on Marriott International and Ideal Property to launch ‘Marriott’-branded development at Queens Waterfront
- this project already cancelled. no longer valid. developer tried to sell this project 2 years...WC Ong on UPCOMING: Jelutong / Kay Pride Sdn. Bhd.
- @Hemsley People see things at different angles. A lot of subsale transaction for you is...millionaire on Marriott International and Ideal Property to launch ‘Marriott’-branded development at Queens Waterfront
- Anyone buy? any comment? ...Sunny on Residensi Rambai Indah
- Marriot should JV with The Zen ...Minion on Marriott International and Ideal Property to launch ‘Marriott’-branded development at Queens Waterfront
- @chita Good point. House is for own stay. Too expensive & investment will lead to...Howly on Penang among top spenders in Malaysia for decent living
- @celia Yes. 500k is not expensive. Future price will increase further especially prime location like...Hee Chan on Clear definition of affordable housing urged to align supply with demand
- @felix You're absolutely right. We don't need another prestigious address like Queens waterfront as even...Hee Chan on Marriott International and Ideal Property to launch ‘Marriott’-branded development at Queens Waterfront
- @lenny 500千你也觉得贵吗?你是马来西亚那一个洞来的? ...celia on Clear definition of affordable housing urged to align supply with demand
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