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No SST for construction services and building material costs
Finance Minister Lim Guan Eng has announced that building materials and construction services will be exempt from the Sales and Services Tax (SST) which will come into force in September. "With the proposed exemption of goods from SST and the difference in GST (Goods and Services Tax) implementation, I hope ... Read More
Penang LRT likely to proceed, might begin in Jan 2020
The approvals from the federal authorities for the RM8.4bil Bayan Lepas light rail transit (LRT) and the massive Penang South Reclamation (PSR) scheme on the southern coast of the island are expected to be obtained before the end of the year. Sources told The Star that the approvals would be ... Read More
Prins Bay
Prins Bay, a proposed beachfront high-end serviced suites, hotel and retail lots by Prinsiptek Corporation Bhd. in Batu Ferringhi, Penang. It is strategically located along Jalan Batu Ferringhi, neighboring with several popular hotels, namely Lone Pine Hotel, Golden Sands Resort, Holiday Inn Resort and a few others. This development comprises ... Read More
Tunnelling work for PIL 1 will be slow but safe
It will take about five years to drill a tunnel from the hill face behind Kek Lok Si Temple to Paya Terubong. Miners will drill into the hill “metre by metre” to ensure minimum impact to the environment and soil structure, said Chief Minister Chow Kon Yeow. “They will make ... Read More
Penang Sentral to be operational in October
The first phase of Penang Sentral in Bagan Dalam is expected to open in October. Modeled on Kuala Lumpur Sentral, the RM2.7bil development stands 10 storeys high and overlooks George Town on the island. Built on 12.8ha of land, the hub is equipped with shops, ticketing counters and food outlets ... Read More
Reclaimed islands will boost Penang’s economy and land bank
The reclamation of three islands to finance the Penang Transport Master Plan (PTMP) will add value to the state’s investments, said Chief Minister Chow Kon Yeow (PH-Padang Kota). Chow said the three proposed islands, on the south of Penang island, went beyond improving the state’s transport system as it would ... Read More
Low-cost Carrier Terminal (LCCT) plan for Penang
If Penang gets a low-cost carrier terminal (LCCT), it will likely be to the south of the current passenger terminal and only about 1km from the proposed islands to be reclaimed off the southern coast of Penang island. It has been the dream of AirAsia and the Penang government to ... Read More
UPCOMING: Batu Kawan / PE Development Sdn. Bhd.
A proposed residential development by PE Development (Penang) Sdn. Bhd at Batu Kawan. Strategically located next to Design Village, less than 2 minutes drive to the upcoming IKEA. It's only about 20km away from the key employment centre of Bayan Lepas Free Trade Zone. This development will see the construction of ... Read More
Tunnel and highway will be constructed 465 metres behind Kek Lok Si Temple
Kek Lok Si Temple will never be the same if the highway from Gurney Drive to the airport is built because a 300m-long elevated highway and a tunnel to Paya Terubong will be constructed just a few hundred metres behind the temple. Kek Lok Si Temple is adamant that it ... Read More
Residential over hangin Penang a major issue
Residential overhang in Penang is still a major issue and the current market situation is not making it any better. Overhang is defined as built properties that remain unsold at least nine months after completion. The overhang in Penang is likely due to unaffordable property prices and financing issues. The various ... Read More
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OTHER DEVELOPMENTS
- Affordable Housing (Penang Island)
- Butterworth Arena
- Columbia Asia Medical Centre
- Eco-Tourism Hub @ Batu Kawan
- Escape Penang – Eco Theme Park
- GBS @ The Waterfront
- GBS by The Sea
- Gurney Wharf
- 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
- Penang Eastern Seafront Development
- Penang Medical & Digital Technology Hub
- Penang Premium Outlets (Design Village)
- Penang Sentral
- Penang South Islands
- Penang Transport Master Plan
- Penang Waterfront Convention Centre
- Penang World City
- PIA Expansion
- Silicon Island
- Teluk Bahang Wellness Resort
- The Ship Campus (ALC College)
- The Top @ Komtar
- Wellness City of Dreams