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UPCOMING: Sungai Ara / PPH Resorts Sdn. Bhd.

A proposed luxury development by PPH Resorts Sdn. Bhd. in Sungai Ara, Penang. It is situated on a hill next to Setia Pearl Island, with panoramic views over Penang International Airport and second bridge. This development comprises 68 units of 3-storey bungalow houses, with four different design layouts. This is still in ... Read More

Aspen Group eyes listing by end-2016

Penang-based property player Aspen Vision Development Sdn Bhd (Aspen Group) is targeting to have its shares floated — either on the Main Market of Bursa Malaysia or the Catalist board of the Singapore Exchange (SGX) — by the fourth quarter of this year, according to Aspen Group co-founder and chief ... Read More

E & O gains more time to finish Seri Tg Pinang reclamation

Eastern & Oriental Bhd (E&0) has been given three additional years to complete the reclamation works for phase 2 of the RM25bil Seri Tanjung Pinang development. The property developer told Bursa Malaysia that its indirect subsidiary Tanjung Pinang Development Sdn Bhd (TPD) and the Penang state government inked on Wednesday ... Read More

UPCOMING: Simpang Ampat / Oriental Eagles Sdn. Bhd.

Following the success of Eco Meadows gated and guarded scheme by EcoWorld, another commercial development has recently been proposed by Oriental Eagles Sdn. Bhd. along Jalan Paboi. It is located next to the intersection of Bukit Tambun exit, less than 2km away from Eco Meadows. This is a 28-storey commercial development, ... Read More

OWG to finish RM180mil Komtar revitalisation job by year-end

Only World Group Holdings Bhd (OWG) expects to complete the project to revitalise the 65-storey Komtar tower in Georgetown, Penang, in the second half of this year. The food outlet and water amusement park operator had announced on Monday that it would use RM48mil from the estimated gross proceeds of ... Read More

Penang restructures affordable housing

Penang government today announced the rebranding of low-cost and medium-cost houses to affordable housing types A and B. With the rebranding, low-cost houses costing RM42,000 each will now be known as affordable housing type A and low medium-cost houses priced at RM72,500, as affordable housing type B. State Housing, Town ... Read More

PLB acquires Phoenix Residences and project at Batu Maung

Those who are waiting for this proposed project at Batu Maung, you can expect to see the launch of the semi-detached and bungalow houses soon with the latest acquisition by PLB Engineering Bhd. Read the news below: PLB buys Penang property developer for RM23.5mil PLB Engineering Bhd has acquired property developer Phoenix Residences ... Read More

Penang mulls avenues to fund LRT ops under TMP

The Penang state is mulling various avenues to finance the operation of the rail system that forms part of its Transport Master Plan (TMP), among which is the set-up of a revolving fund with recurring rental revenue from property leasing once its planned 3,000-acre (1,214ha) land reclamation in the south ... Read More

Should I buy the 3rd car park?

by Charles Tan If we are buying a new place with two car parks and there are available car parks for sale, should we buy one more? These days, all condos should come with 2 car parks. Read here: Condos should NOT come with just one car park. A lady wrote ... Read More

UPCOMING: Jalan Patani, Georgetown / Eonlite Ventures

A mixed development proposed by Eonlite Ventures at Jalan Patani in Georgetown. This development will see the demolition of the existing office and warehouse building located next to Jalan Patani Flat, for the construction of a 21-storey condominium and shop offices. The new condominium will consist of 108 residential units in two different sizes. There will ... Read More