IJM Land Bhd, the property development arm of IJM Corp Bhd, will launch the Waterside Residence at The Light in Penang sometime in December. The Waterside Residence is the first residential tower of The Light Waterfront phase 2, with an estimated gross development value (GDV) of RM240 million. Situated on ... Read More

Penang is a step closer to having a cable car system traversing the channel between the island and the mainland, as the project has received a nod from the Department of Environment (DoE). State Public Works, Utility and Transportation Committee chairman Lim Hock Seng said the DoE has granted its ... Read More

An eight-lane highway is planned for Gurney Drive following the completion of reclamation works there which will help disperse traffic created from the Seri Tanjung Pinang 2 (STP2) project at Tanjung Tokong. Penang Public Works, Utilities and Transportation Committee chairman Lim Hock Seng (pix) said the highway was still in ... Read More

The Penang housing market is maturing, says Michael Geh, director at Raine & Horne International Zaki + Partners. The data shows that in the third quarter, properties in the secondary market showed little price movements, compared with the previous quarter and the year before. “I would consider this a mature ... Read More

The proceeds from the contributions of developers exempted from building affordable housing will be used for low cost and low medium cost housing projects in the state. State Houisng, Town and Country Planning and Housing Committee chairman Jagdeep Singh Deo (pix) said the funds would be used for projects in ... Read More

Eastern and Oriental Berhad (E&O) treated some 150 of its loyal customers to an exclusive preview of its new Amaris Terraces By-The-Sea in Penang. Guests were first briefed on the project at the E&O Sales Gallery in Seri Tanjung Pinang before being whisked away for a tour of the impressive ... Read More

Penang’s latest track of outlet stores will be opening in just under five days at Batu Kawan. The Design Village, also known as Penang Premium Outlets, will house dozens of luxury brands on a 28 acres of land. The outlet mall will be opening on 23 November @ 6PM. Here is the ... Read More

Marking the Group’s inaugural entry into Penang’s property market, Hua Yang Berhad (“Hua Yang” or the “Group”), a leading property developer in the affordable housing sector, introduced Meritus Residensi today. Established in 1978, the Group today is recognised as one of the nation’s leading property developers in the affordable housing ... Read More

The Penang government does not have any intention to table an enactment to limit foreigners from buying pre-war buildings in its world heritage zone, state executive councillor Jagdeep Singh Deo said today. The housing development and town and country planning committee chairman added that it is not possible to table ... Read More

Paramount Property, the property development division of public-listed Paramount Corporation Berhad (Paramount), today marked its debut in the Penang property market with the unveiling of Utropolis Batu Kawan, Penang’s first university metropolis. Utropolis Batu Kawan mirrors the successful, award-winning university metropolis concept first introduced by Paramount at its Utropolis Glenmarie ... Read More