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Penang announced Linear Waterfront reclamation project near FIZ

The Penang government today revealed plans to reclaim about 60ha off the Free Industrial Zone (FIZ) in Bayan Baru. The project, themed “Linear Waterfront”, will begin from the Queensbay roundabout to the second bridge and will have an estimated gross development value of RM1 billion. Based on an artist’s impression ... Read More

UPCOMING: George Town / M Summit Global Sdn. Bhd.

A proposed extension to the existing M Summit 191 serviced residence by M Summit Global Sdn. Bhd. in George Town. It is strategically located along Jalan Magazine, immediately opposite Komtar and adjacent to St. Giles Wembley Hotel. Only a 10 minutes drive from Penang Bridge. The new extension will feature ... Read More

Penang Retirement Resort project delayed due to Covid-19

The completion of the Penang Retirement Resort in Batu Gantong by the Penang Turf Club has been delayed to the fourth quarter of the year due to the Covid-19 pandemic. The project was originally scheduled for completion this April. It will be made up of a seven- storey block featuring ... Read More

SITE PROGRESS: The Amarene (Jun 2020)

About The Amarene Part of Ideal Vision Park development by Ideal Homes in Bayan Lepas, Penang. This development is strategically located along Jalan Tun Dr. Awang, adjacent to Tree Sparina condominium. It is just a mere minutes drive to Straits International School and Penang International Airport. Featuring a 35-storey condominium that ... Read More

upcoming-huayang-g-land-development-prai

UPCOMING: Prai / Hua Yang Berhad

Yet another proposed high-rise by G Land Development Sdn. Bhd. (a subsidiary of Hua Yang Bhd) at Prai. Strategically located along the ever-bustling Jalan Baru, next to the recently completed Meritus Residensi by the same company. It is about 5 minutes drive to Penang Bridge, with easy access to nearby amenities which ... Read More

Penang Property Outlook: The COVID-19 Effect

As the effects of COVID-19 pandemic are felt around the world, property is undoubtedly one of the most impacted industries in Penang. Although CMCO is now lifted, the ongoing corresponding containment measures are expected to worsen the already slow and cautious property market here. Looking back at the first quarter ... Read More

Holiday Inn Resort to close down by end of this month

The list of hotel closures in Penang continues to increase with the latest casualty being the iconic Holiday Inn Resort. Hong Kong-based Harilela Group - via Asia Garden Sdn Bhd - announced that it will close the property which it had been operating for over four decades in Batu Ferringhi ... Read More

AFFORDABLE: Kubang Semang / Adroit Consulting Engineers

A proposed affordable landed housing development at Guar Perahu in Kubang Semang. Located on a 41.85-acres land along Jalan Guar Perahu 1, next to Taman Guar Perahu and SMK Guar Perahu. It is only about 5km from Butterworth-Kulim Expressway via Kubang Semang Interchange, less than 10 minutes drive to the ... Read More

Ceiling price reduced for foreign home buyers

Penang has reduced its minimum price threshold for foreign property ownership by up to 40% to clear RM2.6bil worth of overhang units in the state. Penang local government, housing, town and country planning committee chairman Jagdeep Singh Deo said the revised pricing was valid for one year starting yesterday. “For ... Read More

10% discount for affordable homes in Penang

Penang government has announced a 10 percent discount for all types of affordable housing in the state for a period of one year starting from today. State Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the discount package is part of the Housing Ownership Campaign ... Read More