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Penang South Reclamation 2nd phase has started

Work on the next phase of the Penang South Reclamation (PSR) project has started following approval from the Department of Environment (DoE) early this month. Chief Minister Chow Kon Yeow (pic), however, did not elaborate on the works being carried out by project delivery partner SRS Consortium. “The agreement was ... Read More

EcoWorld begins handover of wellness-themed Eco Terraces

Eco World Development Group Bhd (EcoWorld) has started to hand over the completed units at its Eco Terraces condominium project on Penang Island. Sitting on a 12.79-acre freehold site, Eco Terraces is a condominium that houses 333 units within a 33-storey building at Jalan Paya Terubong, Paya Terubong. Residents get ... Read More

Ideal Property Group ventured into 88-acre integrated development in Balik Pulau

Ideal United Bintang International Berhad (IUBIB) had on July 9, 2019 submitted to Bursa Malaysia, announcing the acquisition by IUBIB of the 100% equity interest in Ideal Greencity Sdn. Bhd. (‘Ideal Greencity”). The 100% equity interest which comprises a total of 1,000,000 ordinary shares of RM1.00 each, was purchased for ... Read More

UPCOMING: Sungai Ara / PPH Resorts Sdn. Bhd.

A proposed luxury development by PPH Resorts Sdn. Bhd. in Sungai Ara, Penang. Situated on the hill next to Setia Pearl Island, with panoramic views over Penang International Airport and second bridge. It is only 3km away from the airport, less than 15 minutes drive to the bridge. This development comprises 68 ... Read More

PTPTN borrower will no longer be blacklisted from buying a house

First-time homebuyers burdened with student loans will now be able to buy their own home as they will no longer be blacklisted from buying a house under the Central Credit Reference Information System (CCRIS). “This is only for the purpose of buying homes. They cannot buy cars or anything else,” ... Read More

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