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Strong interest from mainland Chinese buyers expected next year

Chinese international property portal Juwai.com, forecast there will be stronger interest from Chinese buyers next year with the lowering of the minimum price threshold for foreign buyers on high-rise property. In its 2020 budget, the government proposed helping the industry sell some of its unsold new homes by temporarily lowering ... Read More

Penang South Islands

The Penang South Island (PSI) project embodies the social and economic goals at the heart of Penang 2030. Measuring 4,500 acres of state-owned land, the project will span three islands that comprise an advanced new ecosystem and serve as a model for the future of work and livability in Malaysia ... Read More

SITE PROGRESS: Utropolis @ Batu Kawan (Dec 2019)

About Utropolis @ Batu Kawan A mixed commercial development by Paramount Property in Batu Kawan, Penang. Strategically located next to UOW Malaysia KDU Penang University College, just a stone’s throw away from IKEA furniture store. There is also a proposed linkage to the Design Village Outlet Mall. Find out more about Utropolis @ ... Read More

Penang to sign key agreement on Penang South Islands in Jan 2020

Penang Chief Minister Chow Kon Yeow today said the state will sign a major agreement next month to realise its 1,821ha three-island project (Penang South Islands), which forms an important part of the RM46 billion Penang Transport Master Plan (PTMP). He said once the agreement was signed, the project’s delivery ... Read More

Gamuda expects first Bayan Lepas LRT package award by mid-2020

Gamuda Bhd is likely to sign the Project Delivery Partner (PDP) agreement for Penang Transport Master Plan in the ‘next few weeks’, and the first package of Light Rail Transit (LRT) would be awarded by mid-2020, according to managing director Datuk Lin Yun Ling. “Once the PDP agreement is signed, the design ... Read More

The Property Cycle (Repeat Process)

by Anders Ong Sometimes some people earn more in property investment and sometimes some people just making lost in the market. Some are pure experts and some are pure luck if we had bought properties during the boom time every single person can also be an expert and boast about ... Read More

More HK folk buying property in Penang

Hong Kong house buyers are looking around in Penang. “Hong Kong people buying properties in Penang is not something new. But the number has definitely accelerated now,” said International Real Estate Federation (FIABCI) Malaysia president Michael Geh. “For the past five years, there had been quite a number of retired ... Read More

UPCOMING: Teluk Kumbar / Zantalite Enterprise Sdn. Bhd.

*PROJECT CANCELLED* A newly proposed development by Zantalite Enterprise Sdn. Bhd. at Teluk Kumbar. Located along Lorong Gertak Sanggul, about 5 minutes drive away from Lexis Suites Penang. Surrounding amenities include SMK Seri Bayu, SK Teluk Kumbar, markets and popular seafood restaurants namely Hai Boey Seafood and Khunthai. This development ... Read More

Ewein and CZC to jointly develop land opposite Gurney Plaza

Ewein Bhd is partnering Consortium Zenith Construction Sdn Bhd (CZC) to jointly develop land in Penang as a RM159.75 million development. In a bourse filing today, Ewein said its unit Ewein Zenith II Sdn Bhd, a wholly-owned unit of Ewein Zenith Sdn Bhd, which in turn is an 89%-owned subsidiary ... Read More

03-ArtistImpressionofAscottGurneyPenangFacade

Ascott Gurney Penang is set open in 2021

The first Ascott-branded serviced residence – Ascott Gurney Penang is set open in 4Q 2021. Singapore-listed CapitaLand Ltd’s wholly-owned lodging business unit, The Ascott Limited (Ascott), has secured the contract from Bursa-listed Plenitude Bhd to manage Ascott Gurney Penang. Located along the Gurney Drive promenade in George Town, The Gurney ... Read More