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Batu Kawan Industrial Park 2 (BKIP 2) – The key to Penang’s future development

Penang Chief Minister Chow Kon Yeow has stressed the importance of obtaining more industrial land to spur investments in the state. “Penang drew in RM16.9 billion of total approved manufacturing investments in 2019, and RM14.1 billion last year. “We attracted over RM30 billion of total approved manufacturing investments in just ... Read More
vertu-resort-site-progress-april2021-4

SITE PROGRESS: Vertu Resort Condominium (April 2021)

About Vertu Resort Condominium First resort-inspired high-rise development by Aspen Group at Batu Kawan, with a gross development value (GDV) of RM620mil. This is the second phase (and the first residential development) in Aspen Vision City. Find out more about Vertu Resort Condominium. Register your interest here and we will keep ... Read More
strata

Property is not yours without strata titles

by Datuk Chan Kim Loong A strata title is one of the title structures of ownership and control over property. It is usually applied to subdivided buildings or complexes such as high-rise buildings, town houses, duplexes, flats, apartments, condominiums and commercial buildings. This form of title gives individuals ownership over ... Read More
penang-development

Developers expect sales to pick up in 2H2021

Although many developers perceived the first half of the year as unfavourable, their views have slightly changed for the better for the second half, according to Real Estate & Housing Developers' Association (Rehda) Malaysia. The somewhat renewed interest in the property industry stems predominantly from the declining daily Covid-19 numbers ... Read More
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UPCOMING: Sungai Pinang / Jelutong Development Sdn. Bhd.

Following the near completion of 3 Residence condominium at Sungai Pinang, Jelutong Development Sdn. Bhd. (a subsidiary of IJM Land) has recently proposed yet another commercial property development in the same vicinity. It will be located right next to 3 Residence, opposite Wesley Methodist International School. Only a short walking distance to the seafront ... Read More
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Unsold commercial properties worrisome

The number of unsold properties has seen a respite amid the government’s Home Ownership Campaign (HOC) except for the commercial market, which remains worrisome amid the new norms, Bank Negara Malaysia (BNM) Governor Datuk Nor Shamsiah Mohd Yunus said. “The amount of unsold properties is still very high. It is ... Read More
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GEM Residences Roadshow @ Queensbay Mall (1 – 4 Apr)

Don't miss your chance to meet GEM Residences at Queensbay Mall and grab shopping vouchers worth RM200 from All Season's Place upon signing of SPA! Date: 01 - 04 April 2021 Time: 10:30am - 10:30pm Venue: Lower Ground, in front of Dave's Deli ... Read More
Housing area at SPU

Housing market activity hit historical low with elevated level of unsold properties

Unsold properties continue to remain at an elevated level, driven by serviced apartments, small office home office (SOHO) units, and houses priced above RM500,000 in less popular locations, said Bank Negara Malaysia (BNM). The housing market had hit a historical low in terms of activity in the second quarter of ... Read More
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Two dorms in Penang cater for over 6,000 foreign workers

State Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo today said that two foreign workers’ dormitories, which are now operating in the state, houses 6,221 foreign workers. One is in Mukim 14, South Seberang Perai by Westlite Dormitory (Bukit Minyak) Sdn Bhd and the other in Jalan ... Read More
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SITE PROGRESS: Sinaran Residences (March 2021)

About Sinaran Residences @ Utropolis The residential component in the third phase of Utropolis development by Paramount Property at Batu Kawan, Penang. It is strategically located along Bandar Cassia Expressway, with walking access to Design Village outlet mall and UOW MALAYSIA KDU Penang University College. Driving to Penang International Airport will ... Read More