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Penang International Exchange (PIX)

Penang International Exchange, a proposed commercial development by Ideal Property Group in Bayan Baru. Strategically located next to the intersection of Jalan Tengah and Jalan Mayang Pasir, near Pantai Hospital. This master planned development sits on a 16 acres land, comprises the land currently occupied by Giant Hypermarket and the adjacent vacant land. It is ... Read More

Lin Xiang Xiong Art Gallery

Penang island, which resembles a turtle, will have a turtle-shaped art gallery by the end of 2021. The unique project, called the Lin Xiang Xiong Art Gallery, is the outcome of a collaboration between renowned Singaporean artist Prof Lin Xiang Xiong and IJM Corporation Berhad. Chief Minister Chow Kon Yeow ... Read More

First phase of I-Santorini affordable home completed

Ideal Property Group shows its persistence in delivering quality housing projects with two project completion within the first half of year 2019. A number of 835 first time home buyers are now celebrating in great joy for Ideal Property Group has completed their dream homes at the first phase of ... Read More

Penang CM confirmed received Penang South Reclamation approval via fax

The Penang South Reclamation (PSR) scheme near Teluk Kumbar has been given the thumbs-up by the Environment Department (DoE), says Chow Kon Yeow. The Penang Chief Minister confirmed that the state government had received an approval letter via fax from the DoE on Thursday (July 4) over its application to ... Read More

Mahsuri flats to be torn down under Penang’s urban regeneration initiative

The Penang government has decided to proceed with the rejuvenation of the ‘5 Point Blocks’ flats in Lorong Mahsuri 10, Bayan Baru. State Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the decision to amend the existing laws or enacting a new law with regard ... Read More

Penang yet to receive formal approval to develop islands

The Penang state government has yet to receive any formal approval for the Penang South Reclamation (PSR). In a statement today, Penang chief minister Chow Kon Yeow refuted a media report titled “Penang gets nod to develop islands” and said that the state government has been working with various parties ... Read More

Boon Siew Group NOT buying land near Gurney Drive reclaimed area

The Boon Siew group is not involved in the purchase of a piece of land that the state of Penang had alienated to a private company with the mandate to undertake RM6.34bil worth of infrastructure projects. In a statement, the Boon Siew group said one of its shareholders was approached ... Read More

RM3.15 mln fees for foreign property purchases in Penang exempted

Penang Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo (pix) said yesterday that the state government has “lost” RM3.15 million in approval fees that have been waived for foreign property purchases in the state. He said the state government had received 55 applications relating to the waiver of ... Read More

MAHB to proceed with Penang International Airport expansion plan

Malaysia Airports Holdings Bhd (MAHB) is ready to proceed with its plan to expand the Penang International Airport after getting the approval from the Ministry of Finance. Group chief executive officer Raja Azmi Raja Nazuddin said MAHB has been working on the expansion project over the past two years, bringing ... Read More

Construction work for The Light City will only start next year

IJM Land Bhd is expected to start the construction work for its RM4bil The Light City project by the second quarter of next year. The property group had earlier planned to start construction for the integrated mixed development scheme, which is located near the Penang bridge, sometime this month. Senior ... Read More