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Ivory in RM1.8bil Penang projects

The City Residence and The Wave to be main revenue contributors for the group IVORY Properties Group Bhd is carrying out RM1.8bil worth of projects on Penang island this year. This includes the first phase of Penang WorldCity (PWC) called Tropicana Bay Residences with a gross development value (GDV) of ... Read More
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Bayan Lepas LRT and PIL 1 are the top two priorities

The state government is in no rush to implement the RM27 billion Penang Transport Master Plan (PTMP) as it is a multi-stage project spanning a 15-year period, said local government and traffic management committee chairman Chow Kon Yeow. He said the implementation of the PTMP will be done in stages ... Read More
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Global luxury house prices moderated in 1Q2016

Global key cities’ prime residential prices have increased on average by 3.6% over the past 12 months to March 2016, compared with a 3.9% growth in the same period to 1Q2015, according to Knight Frank’s Prime Global Cities Index for 1Q2016. Knight Frank Residential Research partner Kate Everett-Allen said since ... Read More
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George Town Tram

The George Town World Heritage guideline states that the future developments shall not impact or demolish any part of the heritage buildings. In compliance with the heritage guideline, the tram line within World Heritage Site will be at-grade (on-ground) and feeds into the KOMTAR interchange station to seamlessly integrate with ... Read More
tram-georgetown

George Town Tram Line

The George Town World Heritage guideline states that the future developments shall not impact or demolish any part of the heritage buildings. In compliance with the heritage guideline, the tram line within World Heritage Site will be at-grade (on-ground) and feeds into the KOMTAR interchange station to seamlessly integrate with ... Read More
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UPCOMING: Batu Gantong / Berjaya Land Development

A proposed mixed development by Berjaya Land at Batu Gantong, Penang. It is strategically located next to the company's guarded bungalow lots, just a short drive away from Penang Turf Club. The proposal comprises 4 development parcels: Parcel 2: Mutiara Jesselton Parcel 3A: 22-storey condominium (228 units) Parcel 3B: 26-storey ... Read More
affordable-housing

A mismatch between demand and supply

We may be an aging society, but the fact is Malaysia’s population is made up of mainly the young. According to the Statistics Department, the largest age group in 2015 was those between the ages of 20 and 49 years. About 14.375 million, or 47%, of the about 30 million ... Read More
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First phase of Aspen Vision City to complete by 2019

The first phase of Aspen Vision City in Batu Kawan, Penang, will be completed by 2019. Aspen Group chief executive officer Datuk M. Murly said that the first phase comprised the Vervea which is a three to four- storey shop office project, the Columbia Asia Hospital, Ikea Store and Vertu ... Read More
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Mekarsari @ Bertam

Mekarsari @ Bertam, a residential development by Bandar Kepala Batas Sdn. Bhd. at Kepala Batas. It’s just a mere minutes to Bandar Putra Bertam, only 5 minutes drive away from Mydin Hypermarket and the upcoming Tesco in Bertam. This development comprises a mix of single storey semi-detached, zero lot bungalow and bungalow houses, ... Read More
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Sky Cab

Sky Cab proposed alignment is 4.8 km long and connects the Sky Cab Station in Butterworth, Seberang Perai with Sky Cab Station (Bayan Lepas LRT) in Jelutong in Penang. The project is now in the feasibility study stage. Currently conducting Detailed Environmental Impact Analysis (DEIA). Feasibility Study expected to complete ... Read More