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23-green-terraces

23 Green Terraces @ Ghee Hiang Gardens (Phase 2)

23 Green Terraces, the second phase of Ghee Hiang Gardens at Greenlane, Penang. This is a freehold residential development by Six Eleven Assets Group, comprises 23 three-storey family homes with indicative price from RM2,988,000 onwards. This development is less than 1km away from Udini roundabout, just a mere minutes drive to Central Park ... Read More
aspen-ibm

Aspen Group investing in next gen technology

AG Innovation Sdn Bhd (a subsidiary of property development and real estate investment company Aspen Group) is collaborating with IBM Malaysia Sdn Bhd to create the first comprehensive cloud infrastructure and technology services platform in Malaysia. The cloud innovation platform, hosted in Penang, is designed to serve local and international ... Read More
affordable-bm-bina-bukit-mertajam

AFFORDABLE: Bukit Mertajam / BM Bina Sdn. Bhd.

A proposed affordable housing by BM Bina Sdn. Bhd. near Jalan Betek in Bukit Mertajam. This is the second affordable housing proposed within vicinity of Jalan Betek,   less than 500 meters away from the first affordable project - Villa Acres Residence. Strategically located next to Taman Sungai Rambai, just a stone's throw ... Read More
PELAN INDIKATIF RSN 2030-featured

Review of Penang Structure Plan 2020

An “inspection report” for the review of the Penang Structure Plan 2020 (PSP 2020) will be up for display to get public feedback from today until Jan 31. Chief Minister Lim Guan Eng said the draft of the finalised PSP 2020 would be open for display again in the first ... Read More
affordable-teluk-kumbar-reignview-development

AFFORDABLE: Teluk Kumbar / Reignview Development

The latest affordable housing proposed by Reignview Development Sdn. Bhd. at Teluk Kumbar. This is the third affordable housing within Teluk Kumbar area, located next to Emerald Park gated housing scheme. It is about 5 minutes drive from Penang International Airport via Jalan Teluk Kumbar, just a stone's throw away ... Read More
waterside-residence

Waterside Residence at The Light, Penang launching soon from RM749,000

IJM Land Bhd, the property development arm of IJM Corp Bhd, will launch the Waterside Residence at The Light in Penang sometime in December. The Waterside Residence is the first residential tower of The Light Waterfront phase 2, with an estimated gross development value (GDV) of RM240 million. Situated on ... Read More
penang-sky-cab-1

Penang SkyCab is on track to start work in 2018

Penang is a step closer to having a cable car system traversing the channel between the island and the mainland, as the project has received a nod from the Department of Environment (DoE). State Public Works, Utility and Transportation Committee chairman Lim Hock Seng said the DoE has granted its ... Read More
8-lane highway planned for Gurney Drive

8-lane highway planned for Gurney Drive

An eight-lane highway is planned for Gurney Drive following the completion of reclamation works there which will help disperse traffic created from the Seri Tanjung Pinang 2 (STP2) project at Tanjung Tokong. Penang Public Works, Utilities and Transportation Committee chairman Lim Hock Seng (pix) said the highway was still in ... Read More
Grossyieldperformance

A maturing housing market

The Penang housing market is maturing, says Michael Geh, director at Raine & Horne International Zaki + Partners. The data shows that in the third quarter, properties in the secondary market showed little price movements, compared with the previous quarter and the year before. “I would consider this a mature ... Read More
affordable-housing-penang

Developers’ proceeds to be spent on low cost housing construction projects

The proceeds from the contributions of developers exempted from building affordable housing will be used for low cost and low medium cost housing projects in the state. State Houisng, Town and Country Planning and Housing Committee chairman Jagdeep Singh Deo (pix) said the funds would be used for projects in ... Read More