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Penang records RM8b in investments last year, more than double 2013
Penang more than doubled its total investments by recording a total RM8.162 billion in investments last year, shored up largely by injections to its electronics and electrical sector as well as biomedical industry. In comparison, Penang recorded a total RM3.912 billion in investments in 2013. Penang Chief Minister Lim Guan ... Read More
The Miller
The Miller, an upcoming light industrial park by Island Landcap Development Sdn. Bhd. at Bukit Minyak. Strategically located next to Jalan Permatang Tinggi, with easy access to the neighboring industrial area. This is development comprises 28 units of 3-storey semi-detached and 9 units of detached factories. Property Project : The Miller ... Read More
New life for landfill site
The 21.44ha Jelutong landfill, which has been in operation for the last 20 years, will be rehabilitated by the state to make the land suitable for mixed integrated development. The Penang government has called for request for proposal for the safe rehabilitation and development of the Jelutong dumpsite and proposal ... Read More
Middleton @ Minden Heights
Middleton, strategically located along Changkat Minden Jalan 1 in the established township of Minden Heights, Penang. This is a low density high-rise development by BSG Property, comprises 2 blocks of 26-storey skyscrapers with 220 residential units. Only 5 units per floor with built-up size ranging from 1,400 sq.ft. onwards. Property ... Read More
GST biggest concern for property developers
The introduction of the 6% Goods and Services Tax (GST) in April will be the biggest agenda for the property market this year and will pose a challenge for property developers. "The implementation of GST come April 1 will present a challenge in terms of inflation, but it's just a ... Read More
MIEA calls for clarity on GST for secondary property market
The Malaysian Institute of Estate Agents (MIEA) wants the Royal Malaysian Customs Department to clarify Goods and Services Tax (GST) requirements and issues within the secondary property market and how it will affect the investment community. "Members have been complaining to us that nobody seems to know very much about ... Read More
Penang to roll out RM27b transport master plan in 2017
The RM27 billion Penang Transport Master Plan will be rolled out in stages beginning 2017, the state government said. Penang traffic management exco Chow Kon Yeow announced today that the state government had received proposals from six bidders to be project delivery partners (PDP) of the master plan. Of the ... Read More
Vervéa @ Aspen Vision City
Vervéa, the first phase of Aspen Vision City's development at the heart of Bandar Cassia, Batu Kawan. Located on a 35-acre freehold land, claimed to be the largest gated and guarded commercial precinct developed in Penang. Located in the center of Bandar Cassia, this development comprises 451 units of 3 ... Read More
Thinking big the Belleview way
The Penang-based Belleview Group will launch its biggest commercial-cum-residential project to date, in Seberang Prai in June. Managing director Datuk Sonny Ho said the mixed development project, to be located on a 8.09ha (20-acre) site, will comprise the largest shopping mall in the northern region with a RM2.5bil gross development ... Read More
Two new condos coming up
Ideal Property Group will launch two condominium projects this year, the I-Santorini@Tanjung Pinang in Tanjung Tokong and I-Condo@One Foresta in Bayan Lepas. The projects have a collective gross development value of RM1.8bil. The RM800mil I-Santorini will be launched in June while the I-Condo@One Foresta will be launched after Chinese New ... Read More
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RECENT COMMENTS
- Good Luck to all those first time buyers... LOL ...MajorArches on Early completion of Ideal Residency: PR1MA delivers keys to 20 proud homeowners
- @JC It's not a wise decision to dump all 1M in a same bucket. Lumina...Ryu on Lumina Residence
- @walter Nowadays agent all so kids, how many are them really know about property? Last...honda on Lumina Residence
- @JC If both city views, Lumina will get super hot evening sun, while Queens will...walter on Lumina Residence
- @Puzzled I believe 80% of that 30% are units reserved for BoonSiew. They have this...walter on Lumina Residence
- @Puzzled I'm dilemma of Lumina or Queens residence Q3. I have 1M budget here but...JC on Lumina Residence
- Correct. Ang Mos/expats holding senior position prefer locations that offer a well blend of greenery,...Puzzled on Lumina Residence
- @Ora small issue. the condo market value is approaching 900k now ...chookimhock on The Cube
- @Ora 500k? Daily rob!! Seaview condo!! ...Ryu on The Cube
- @damien I would be more worry if my apartment/house is on or next to hill...Oh nice on SITE PROGRESS: Mezzo @ The Light City (Oct 2024)
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OTHER DEVELOPMENTS
- Affordable Housing (Penang Island)
- Butterworth Arena
- Columbia Asia Medical Centre
- Eco-Tourism Hub @ Batu Kawan
- Escape Penang – Eco Theme Park
- GBS @ The Waterfront
- GBS by The Sea
- Gurney Wharf
- IKEA Batu Kawan
- Island Medical CIty
- Kobay Jelutong
- Lin Xiang Xiong Art Gallery
- Linear Waterfront
- Mitsui Outlet Park @ PIA
- One Auto Hub @ Batu Kawan
- Penang Arts District
- Penang Eastern Seafront Development
- Penang Medical & Digital Technology Hub
- Penang Premium Outlets (Design Village)
- Penang Sentral
- Penang South Islands
- Penang Transport Master Plan
- Penang Waterfront Convention Centre
- Penang World City
- PIA Expansion
- Silicon Island
- Teluk Bahang Wellness Resort
- The Ship Campus (ALC College)
- The Top @ Komtar
- Wellness City of Dreams