Perennial Real Estate Holdings Limited (PREH) announced on Tuesday (Apr 21) that it has entered into a joint venture to acquire a freehold waterfront site in Penang, Malaysia to be developed into a large-scale integrated mixed-use development. The 50-50 joint venture between the group’s Singapore-incorporated subsidiary Perennial Penang Pte Ltd ... Read More

The Penang state government is working on expanding the development of Batu Kawan, so that it can tap into the new infrastructure of South Seberang Prai. According to investPenang director Datuk Lee Kah Choon, there were 6,000 acres of land available for development in Batu Kawan with the second bridge ... Read More

The developer of a proposed high-density development in Tanjung Bungah has agreed to reduce the number of storeys of the project’s two 49-storey buildings. Penang Island City Council mayor Datuk Patahiyah Ismail said the developer verbally agreed to revise the building plans after she conveyed the concerns of the residents ... Read More

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Eco World Development Group Bhd plans to launch the first residential phase for its RM10bil Eco Marina project in Batu Kawan in nine to 12 months. Group chief executive officer Datuk Chang Khim Wah (pic) said the residential component of Eco Marina comprised high-rise and landed properties in gated and ... Read More

The light rail transit (LRT) project is expected to be completed in 2030. Chief Minister Lim Guan Eng said that all the LRT lines and routes should be ready by that year. “The LRT project will pass through Batu Kawan, linking up the mainland and the island to ensure that ... Read More

Eco World Development Bhd has confirmed the estimated gross development value (GDV) for the proposed Eco Marina development comprising of mixed development and the golf course in Batu Kawan, Penang would be RM10bil. The property company said on Tuesday the development period would be about 10 years, with the construction ... Read More