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Upgrades on the right track

PHASE One of the road upgrades on Penang island by the Penang Municipal Council (MPPP) is now 30% completed and it is expected to be fully completed by the end of 2013. The project involving several roads is aimed at reducing traffic congestion on the island. Six construction packages, at ... Read More

Malaysian property market to slow down next year

KUALA LUMPUR: The Malaysian property market is likely tosee a gradual slowdown next year, taking into consideration the uncertainty in the global economic situation. President of Fiabci Malaysia, Yeow Thit Sang, said the high end residential units were already seeing a slowdown both in pricing and the take-up rate. "There ... Read More

Maritime Piazza

Everyone is different with their own lifestyles, ambitions and desires. Keeping that in mind, a unique living concept has created called 360º Lifestyle under IJM Land’s newest sea – front development, The Maritime. As each person has diverse and unique needs for their business, leisure and home life, the objective of ... Read More

Build low-cost houses, Chua tells Penang Govt

KUALA LUMPUR: The Penang Government should build low-cost houses for its people first and worry about land conversion later, said MCApresident Datuk Dr Chua Soi Lek. “The Chief Minister said they cannot build low-cost houses because there is no freehold land to build them on. “If they don't build any ... Read More

Penang Forum calls for suspension of high-rise projects

GEORGE TOWN: Participants of a forum held here have passed a resolution urging the state government to impose a moratorium on high-rise and high density development. The participants of Penang Forum 4, which numbered about 80, wants the moratorium to be in place until the Local Plans for the state ... Read More

Penang’s traffic worsening

GEORGE TOWN: There should be better enforcement on the traffic flow on the island where it is believed that there are now more vehicles than residents here. Engineer Low Swee Heong said that while the Penang Government had implemented initiatives such as ‘No Vehicle Day’, there was a lack of ... Read More

Industrial frontier expanded in Batu Kawan

The state has expanded the industrial land in Batu Kawan, Penang, to accommodate demand from investors as Bukit Minyak Industrial Estate and Penang Science Park in Seberang Prai have been fully taken up. Chief Minister Lim Guan Eng said the state had expanded the industrial land in Batu Kawan to ... Read More

Sunway flaunts its assets

SUNWAY Bhd is targeting RM50 million in sales at the Sunway Integrated Properties Show 2011 - Christmas Edition at Sunway Pyramid in Bandar Sunway this weekend. The group's property development division is introducing a variety of properties at its 12 on-going projects in Greater Kuala Lumpur, Ipoh and Penang. The ... Read More

Hunza plans RM7b Penang project

GEORGE TOWN: Hunza Properties Bhd will submit plans to the local authorities next year for a mixed-development project in Bayan Baru with a gross development value (GDV) of RM6bil to RM7bil.Executive chairman Datuk Khor Teng Tong told a press conference after the company’s AGM that the group had engaged a ... Read More

Hunza to submit Bayan Baru plan mid-2012

Hunza Properties Bhd (HPB) expects to submit plans to the relevant authorities by the middle of next year for its proposed integrated development in Bayan Baru on Penang island. The company's executive chairman Datuk Khor Teng Tong yesterday said that international consultants have begun working on a masterplan for the ... Read More