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Penang Monorail – Air Itam Line

Besides the Bayan Lepas belt, the other two relatively high density development corridors in Penang Island are the western Ayer Itam and northern Tg Tokong corridors. Adopting a similar approach by matching system capacity with projected travel demand, the monorail system has been identified as the most appropriate mode for ... Read More

Air Itam Line

Half of overhang units are homes priced at RM300,000 and below

Deputy Finance Minister Datuk Chua Tee Yong expects the Malaysian housing property market to further soften this year. He sees developers focusing on the more affordably-priced homes. He is correct on both counts. Speaking to reporters after launching the National Property Information Centre’s (Napic) 2015 Property Market Report on April 19, ... Read More

Property Stratagems 2016

For the first time in 2016, Property Stratagems is coming to beautiful Penang. We have assembled the Heavyweights in the property investment scene in Malaysia all in one place on the 23 & 24 April in Northam All Suites Penang. These Speakers and Trainers have very busy schedules and it ... Read More

Juru Interchange Upgrade

As part of the Penang Transport Master Plan (PTMP), the Juru Interchange is expected to be upgraded into a "Diverging Diamond Interchange". Also called a double crossover diamond interchange, is a type of diamond interchange in which the two directions of traffic on the non-expressway road cross to the opposite side on ... Read More

Mahkota Promenade

Mahkota Promenade, an upcoming commercial development with direct frontage along Jalan Rozhan and AEON Mall. It is located right in front of Mahkota Impian Serviced Apartment, about five minutes walk from AEOM Mall and Tesco Hypermarket. This development comprises 23 unit of 3-storey shop offices with mezzanine floor. Indicated price starts ... Read More

Juru Interchange Upgrade

The proposed upgrading of the Juru IC will help address the severe congestion that occurs at the interchange along the North South Expressway and at the Jalan Kebun Nenas-Jalan Perusahaan signalised T–junction, which is only 160m west of NSE. One of the main problems that cause congestion at the existing ... Read More

bizd_2004_CommercialMarketPerformance_azbPDF

Penang commercial property transaction value up by 19%

Commercial property transactions were down in both value and volume last year compared to the previous year. According to the National Property Information Centre’s (Napic) 2015 Property Market Report, a total of 31,776 transactions worth RM26.4bil were recorded in the commercial property segment last year. This was down by 10.6% ... Read More

Fewer property launches seen due to softening market and bleak household sentiment

There will be fewer new property launches this year in light of the softening market and bleak household sentiment. According to the National Property Information Centre’s (Napic) 2015 Property Market Report, the number of new launches fell to 70,273 units, down by 19.2% against 2014 (88,997 units). However, Deputy Finance ... Read More

Property sales recovery likely in H2

Property sales are expected to recover in the second half of 2016, driven by higher consumer confidence and improved economic outlook. CIMB Research in a report said it is maintaining an “overweight” call on the local property sector, adding that the situation was “not as dire as initially thought.” Following ... Read More