GEORGE TOWN: Ivory Properties Group Bhd (IPGB) plans to launch RM1.6bil worth of properties on Penang island in the second half of 2012. IPGB executive director and chief operating officer Murly Manokharan said these projects comprised the first phase of Bayan Mutiara, which has a gross development volume (GDV) of ... Read More

GEORGE TOWN: Asas Dunia Bhd is launching 1,356 units of landed properties worth approximately RM300mil in gross development value in Seberang Prai from now until the end of 2013, due to the growing interest to invest in properties in Seberang Prai. The properties comprise largely single- and double-storey properties, priced between RM200,000 ... Read More

GEORGE TOWN: The Penang Chinese Town Hall (PCTH) has called on the Penang Government to overcome the worsening traffic congestion on the island. When addressing the town hall’s annual general meeting, its chairman Datuk Lam Wu Chong said this escalating issue was of grave concern to many Penangites. “It is ... Read More

GEORGE TOWN: The construction and renovation industry in Penang may not be able to generate RM5bil worth of jobs this year as forecast by the Penang Master Builders' and Building Materials Dealers Association (PMBBMDA). PMBBMDA president Lim Kai Seng said there had been a lower demand for construction materials from the residential ... Read More

PETALING JAYA: The Finance Ministry, concerned about soaring home prices, has sought the help of the National House Buyers Association (HBA) to find solutions to the problem. Responding to the request early this month, the HBA has proposed 10 measures to address the problem and, hopefully, bring prices down. HBA secretary-general ... Read More

The Promenade, a mixed development by Lion Group, strategically located within the established township of Bayan Baru, Penang. Comprises 2-5 storey retail shops amounting to 37 units at its base, called The Promenade and 336 units of designer suites called The Promenade Residence. This development is next to Hotel Seri Malaysia and ... Read More

GEORGE TOWN: Development on hills above 76m, whether approved or unapproved, will be referred to the state planning committee, chaired by Lim Guan Eng. The Chief Minister said these projects, including those approved as “special projects” by the previous administration, should be referred to the committee, which comprises several state ... Read More

GEORGE TOWN: Lim Guan Eng has defended the Penang Government's stand in treating hillslope development, saying that it has the “most stringent” guidelines for it. The Penang Chief Minister said the present state government had not approved a single project above 250 feet (76m) high, adding that it was the ... Read More

GEORGE TOWN: The scarcity of land on Penang island and its lure as a tourist destination and a second home for foreign retirees have caused residential property prices to soar by more than 25% over the past five years. According to real estate valuers, the prices are among the highest ... Read More

GEORGE TOWN: The Penang Municipal Council (MPPP) approved applications for hillslope developments on 38 lots on the island in the last two years, MPPP president Patahiyah Ismail said. She added that applications on 17 lots were rejected during the same period. Patahiyah refused to disclose where the developments were located, as some ... Read More