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penang-hotels

Penang hotels set to re-open their doors mid-Sept

Most hotels here are waiting till mid-September to re-open as Penang is expected to have by then 100% of its population getting at least one Covid-19 vaccine dose. Malaysian Association of Hotels (MAH) Penang Chapter chairman K. Raj Kumar said although hotels are allowed to re-open now, not many were ... Read More
construction

Risk of abandoned projects rises

There is a potential rise in abandoned projects as the Covid-19 pandemic drags on with high daily cases. Property and legal experts told The Edge Malaysia in a report this this week that there could be potentially “millions, if not billions, of ringgit worth of projects being abandoned once the ... Read More
the-zen-spot-check

Penang to seek RM100m allocation from Fed Govt for housing needs

Penang will seek the help of new Housing and Local Government Minister Datuk Seri Reezal Merican Naina Merican to provide affordable housing for its people and also an allocation of RM100 million for its maintenance programme for 2022. State Local Government, Housing, Town and Country Committee chairman Jagdeep Singh Deo said ... Read More
market recovery

MBPP councilor proposed to reduce development plot ratio to prevent overcrowding and the spread of Covid-19

It is time to come up with policies for the future that can prevent the spread of Covid-19 and other viral infections such as a reduction in plot ratio for development projects, a city councillor Lee Kim Noor said. The Penang Island City Council (MBPP) councillor said it is important ... Read More
MM2H Penang

Immigration Dept to take over MM2H programme from October

All new applications for the Malaysia My Second Home Programme (MM2H) will be handled and processed by the Immigration Department (JIM) beginning October, after all the related legal processes are completed. The Ministry of Tourism, Arts and Culture (MOTAC) in a statement said in the transition process, the ministry through ... Read More
Ritze Perdana

RITZE Perdana @ Taman Perdana

RITZE Perdana, a residential development scheme by Great Marvel Sdn. Bhd. at Simpang Ampat. Located along Jalan Perdana, also known as the phase 2C of  Taman Perdana. It is just a stone's throw away from Simpang Ampat Small Medium Industrial Park, about 10 minutes drive from Bukit Tambun Toll Plaza. Surrounding amenities include GEMS International ... Read More
Aerial view of Teluk Kumbar

Major flood mitigation project in progress

A major flood mitigation project (RTB) is under construction in the southwest district of Penang island where it flooded last week on Wednesday. State infrastructure committee chairman Zairil Khir Johari said the Teluk Kumbar RTB was expected to be completed by end of this year. Two more projects in the pipeline ... Read More
the-zen-site-progress-aug2021-2

SITE PROGRESS: The Zen (Aug 2021)

About The Zen A mixed development by Asia Green at Bayan Mutiara. It is located next to Tun Dr. Lim Chong Eu Expressway, just a short drive away from the ongoing Penang World City township development by Tropicana Ivory. This development comprises a 46-storey skyscraper with two residential towers, and shop ... Read More
iprop-2nd demand

Demand for subsale residential units shows growth in first-half 2021

Although the subsale residential segment has always been strong, accounting for 80% to 85% of total transactions in the property market, buyers of subsale units are not ready to pay the asking price of the property owner, as the average selling price in subsale residential is 20% lower than the ... Read More
proposed-development-by-crystal-faber-sb

UPCOMING: Bukit Mertajam / Crystal Faber Sdn. Bhd.

A proposed mixed development by Crystal Faber Sdn. Bhd. in the heart of Bukit Mertajam. Strategically located along Jalan Ciku, immediately opposite Ng Yam Huat food court with an abundance of essential amenities within 2km radius. Neighboring communities include Sunway Wellesley, Aston Acacia and Aston Park East. This project was formerly known ... Read More