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proposed-development-greenview-villa-development

UPCOMING: Kepala Batas / Greenview Villa Development SB

A newly proposed landed residential development by Greenview Villa Development Sdn. Bhd. at Kepala Batas. Located on a narrow 3.4-acre land near Jalan Pongsu Seribu, next to Taman Orkid Permai. It is just a stone's throw away from Penang Matriculation College, about 10 minutes drive to Bertam Perdana Town Centre. This ... Read More

Bank Negara seen cutting key rate again next week

Malaysia's central bank is expected to cut interest rates to a historic low next week, according to a slim majority in a Reuters poll, as it seeks to protect Southeast Asia's third largest economy from the fallout of the coronavirus pandemic. Bank Negara Malaysia (BNM) will cut its overnight policy ... Read More

Gamuda inks agreement for Penang Transport Master Plan

The project delivery partner for the Penang Transport Master Plan (PTMP), SRS Consortium, will have to prepare and present the financial architecture plan for the PTMP to the Penang government within a month. Chief Minister Chow Kon Yeow said the financial architecture plan would enable the state government to view ... Read More

Ewein aborts JV to develop City of Dreams 2 with Consortium Zenith

Ewein Bhd is terminating a joint venture agreement with Consortium Zenith Construction Sdn Bhd (CZC), under which the partners had initially agreed to jointly undertake the development of The City of Dreams 2 — a luxury condominium project — on a plot of land in Penang. The group first announced ... Read More

Ivory Properties buys land opposite Queensbay Mall for RM670psf

Ivory Properties Group Bhd has acquired two pieces of adjoining land in Penang, for RM142.79 million where it aims to develop commercial space and service apartments. The Penang-headquartered property developer said the 19,800-sq-metre freehold land was located strategically in the established neighbourhood of Bayan Lepas directly opposite Queensbay Mall, the ... Read More

Artist impression of a 6km cable car line stretching from Penang Hill to Teluk Bahang, with one middle station.

Proposed cable car from Penang Hill to Teluk Bahang

Even before the proposed RM100mil Penang Hill cable car project has yet to lift off after running into funding problems, another similar idea has been mooted. This time, it’s a RM300mil cable car project from Penang Hill to Teluk Bahang. Foreign investors are forming a consortium to propose the 6km ... Read More

Govt formulating law to prevent legal action against delayed housing projects

Housing developers and homebuyers of projects affected by the enforcement of the movement control order (MCO) cannot take legal action against one another if the Temporary Measures Bill to mitigate the impact of Covid-19 is passed by Parliament. Housing and Local Government Minister Zuraida Kamaruddin (pictured) said the bill is ... Read More

Penang given time to fulfil EIA requirement for PSI project

The ministry of environment and water will give the Penang state government a chance to fulfill all 72 requirements needed to implement the Penang South Islands project despite objections from several quarters. Deputy Environment and Water Minister Ahmad Masrizal Muhammad said the Penang state government must comply with all the conditions and ... Read More

Sanctuary Village

Sanctuary Village, the 7th phase of residential development at Permatang Sanctuary by IJM in Alma, Bukit Mertajam. Strategically located within an established neighbourhood, about 15-minute drive from Juru Auto-City and Penang Second Bridge. It is only a short drive to an abundance of amenities namely AEON Mall, Tesco Hypermarket, eateries, schools and banks. Neighbouring communities include ... Read More

Penang to go ahead with LRT and Penang Hill cable car projects

Penang will go ahead with its mega projects under the RM46bil Penang Transport Master Plan (PTMP) and also the RM100mil Penang Hill cable car project even without funding from the Federal Government.State Works Committee chairman Zairil Khir Johari said everything was still on schedule and any delay was only because ... Read More