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Promising future for Penang property market

Promising future for Penang property market

Penang Chief Minister Chow Kon Yeow has expressed his confidence that the state’s property market will be promising in the near future as the present soft market situation is only a cyclical phenomenon. “The promising future for the Penang’s property market is also supported by the state’s strong economic fundamentals ... Read More
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Award that Recognise Excellence in property development – PIPDA

Property Insight is proud to present the fifth edition of the annual Property Insight Prestigious Developer Award (PIPDA) 2019, which will be held at the Shangri-La Hotel on the evening of 3rd May 2019. The award ceremony/gala dinner is supported by the Ministry of Housing & Local Government (KPKT), and ... Read More
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Taman Keladi Indah

Taman Keladi Indah, a landed residential development by Gandingan Semangat Sdn. Bhd. at Bertam. Located along Jalan Panglima 3, adjacent to Taman Bertam Perdana and SMK Bertam. This development is only about 4km to Setia Fontaines township by S P Setia, under 10 minutes drive from Bertam toll plaza. This project comprises ... Read More
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UPCOMING: Batu Maung / Kayangstar Property Sdn Bhd

Proposed landed residential development by Kayangstar Property Sdn. Bhd. in Batu Maung, Penang. Located along Jalan Batu Maung, accessible via Lorong Batu Nilam 1. It is adjacent to Sunway Mutiara housing scheme by Sunway Property Group, approximately  2km away from Penang Second Bridge. This development comprises a total of 28 units 3-storey ... Read More
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Tambun Indah buys more land near Pearl City

A subsidiary of Tambun Indah Land Bhd is acquiring 27 parcels of freehold land in Penang for RM131mil in cash. The group, in a filing with the stock exchange, said it has proposed to provide up to RM3.45mil in shareholders’ advances to its 70%-owned subsidiary, Mustiara Sdn Bhd, to fund ... Read More
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S P Setia Home Ownership Campaign

NOW IS THE BEST TIME TO PURCHASE YOUR DREAM HOME OR INVEST FOR THE FUTURE! IT’S NO BIG DEAL, JUST BIG SAVING$$$$$!’ S P Setia as the market leader in the property development industry and also Malaysia’s No. 1 & International Award Winning Property Developer has participated in the nationwide ... Read More
komtar-lrt

No approval yet for LRT/PIL 1 projects, CM clarified

The Penang state government has yet to obtain approval for the construction of the light rail transit (LRT) and Pan Island Link 1 (PIL 1) project, chief minister Chow Kon Yeow said today. He was responding to a news report by The Star, which had quoted unnamed sources claiming that both projects ... Read More
PTMP LRT & PIL

Penang PIL and LRT construction expected to start in June 2020

UPDATE: Penang state government has clarified that no approval for the construction of the light rail transit (LRT) and Pan Island Link 1 (PIL 1) project yet.  The Star learnt that the PIL has received approval from the Depart­ment of Environment – the federal regulator overseeing the Environ­mental Impact Assessment ... Read More
smart-city

MPSP collaborates with Intel on Smart City project

Seberang Prai Municipal Council (MPSP) is taking another step to achieve the state’s vision of becoming a smart city by implementing Internet of Things (IoT) and Artificial Intelligence (AI) to solve issues. MPSP president Datuk Rozali Mohamud said the programme was a collaborative effort with Intel Microelectronics (M) Sdn Bhd ... Read More
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Sell LC and LMC units back to the state

Penang is mulling to compel low-cost (LC) and low medium-cost (LMC) unit owners to sell their properties back to the state if they were moving to higher-end properties. State Housing, Town, Country Planning and Local Government Committee chairman Jagdeep Singh Deo said the move would help to reduce the burden ... Read More