Some 1,000 acres of the land on the two islands that will be reclaimed to the south of Penang island as part of the state government's land swap deal with SRS Consortium for the Penang Transport Master Plan (PTMP) have been earmarked for industrial development. Recall that on Nov 27, ... Read More

Penang-based property player Ideal United Bintang Bhd (IUBB) plans to stick to affordable housing projects in the next two years, given the slowdown in the economy and property sector in the country. IUBB's executive chairman Datuk Alex Ooi Kee Liang said at present, the group will be concentrating on its ... Read More

There appears to be a new scam in town and it is targeting people who are looking to rent a place. A nurse who wishes to be known only as Charmaine was almost conned by a “Mr Sim” and his wife “Madam Chew” after she contacted them about a room ... Read More

After numerous delays, Tambun Indah Land Bhd (Tambun Indah) finally received its Advertising Permit and Developer Licence (APDL) last week from the urban wellbeing, housing and local government ministry to launch its new projects. Recall, due to the long-awaited process to obtain the APDL, Tambun Indah had not been able ... Read More

The state has no problems making public the concessionaire and land reclamation agreements, said Chief Minister Lim Guan Eng. “A state executive council meeting will be held on Wednesday to declassify the agreements which were made by the previous state government. “The reclaimed land will be used to fund the ... Read More

Those who attended yesterday’s open session on the RM27 billion Penang Transport Master Plan were generally welcoming of the ambitious project. They were, however, also concerned about the impact it could have on the homes and the environment. The bulk of the questions raised were about the proposed master plan, ... Read More

The slowdown in the current property sector has seen transactions, be it primary or secondary, winding down within the Klang Valley this year. Unfortunately, the situation in other prime markets, such as Johor and Penang, has been less than stellar this year – with industry specialists predicting it could take ... Read More

Property developer Hua Yang Bhd is proposing a mixed development with an estimated gross development value (GDV) of RM311 million in Seberang Prai, Penang, which will comprise 480 units of serviced apartments, 148 units of condominium, and 16 units of two-storey shops (previously known as The Presidence along Jalan Baru) ... Read More

The Penang government has relaxed the ownership eligibility for affordable housing in the state. State Housing Committee chairman Jagdeep Singh said 30% of the units in an all-affordable housing project can be purchased on the open market without government vetting. He however said these units were priced 10% higher while ... Read More

Residents who are fed up with traffic congestion on the island want the proposed Bayan Lepas Light Rail Transit (LRT) and the Pan Island Link (PIL) highway to be implemented as soon as possible to ease the daily gridlock. Those living in high-density and lower-income areas in Jelutong, Gelugor, Bayan ... Read More