Property and industrial groups today backed the implementation of the RM27 billion Penang Transport Master Plan (PTMP) for the greater good. Federation of Malaysian Manufacturers (FMM) Penang Branch vice chairman KK Hun said the state needed to move forward or risk being left behind. He cited Malacca and Johor as ... Read More

A proposed mixed development by Sanbumi Sawmill Sdn. Bhd. (subsidiary of Sambumi Holdings Berhad) at Alma, Bukit Mertajam. Strategically located on a 1.62 acres land along Jalan Rozhan, about 1km away from AEON Mall and Tesco Stores. This will see the demolition of the abandoned 5-storey building (formerly known as ... Read More

Penang-based property developer Tambun Indah Land Bhd plans to launch three new projects worth about RM170 million for 2017, said the developer. These projects are Pearl Saujana phase 1, Pearl 28 in Pearl City, Bandar Tasek Mutiara and Palma Residence in Alma, Penang. “The group is optimistic that the planned ... Read More

After waiting for months on end for their applications for advertising permits and developers’ licences (APDLs) to be approved, developers in Penang breathed a sigh of relief recently — they have finally been given the nod. They are now busy with sales and purchase agreement signings and banking in of cheques, ... Read More

Quinton, another affordable housing at Balik Pulau, by Prisma Bumiraya Sdn. Bhd. (Pearl Ocean). It is located along Jalan Sungai Pinang, next to Titi Teras Primary School. Only less than 2km away from Balik Pulau town centre. This development will see the construction of a 16-storey residential building, offering 383 affordable ... Read More

Penang and Sabah remain the most attractive regions for investment in the hotel or leisure sub-sector, according to respondents of Knight Frank’s Malaysia “Commercial Real Estate Investment Sentiment Survey 2017” (CREISS). “Looking into the most attractive regions for investments in 2017, Sabah and Penang were voted as the most attractive ... Read More

The unkempt and inaccessible back lanes of George Town will soon be upgraded, beautified and opened up for easy access to pedestrians and cyclists. Starting with three small lanes first, the Penang Island City Council (MBPP), together with Think City, plans to renovate these, upgrade the drainage systems and widen ... Read More

Premier lifestyle developer Eco World Development Group Bhd (EcoWorld) is optimistic about the overall property market this year, which it expects to improve, partly anchored by factors that include low interest environment and positive buying sentiment. "I acknowledge that the property market is still challenging. But this year is going ... Read More

Imperial Grande, a mixed development by Modular Platinum Sdn. Bhd. (Ideal Property Group) in Sungai Ara, Penang. It is located along Jalan Fettes, surrounded by Iconic Skies, Gardens Ville and Imperial Residence. This development will offer a mix of landed and high-rise properties, with 2 level of shop offices located below ... Read More

The Penang government has extended by six months the validity period of the award letter for SRS Consortium, the project delivery partner (PDP), of the Penang Transport Master Plan (PTMP) project. The award letter was to expire by the end of this month but will now be valid until June ... Read More