Is Komtar OWG’s next catalyst? Only World Group Holdings Bhd (OWG) which operates food outlets, water amusement parks, retail service outlets and other family attractions could bring in an average of RM17.5mil in sales per annum once its completes the refurbishment of the Komtar tower in Penang this year. That estimate ... Read More

Thousands of commuters are expected to benefit when the Urban Transformation Centre (UTC) is incorporated into the new Penang Sentral Transport Hub Terminal next year. Northern Corridor Economic Region special adviser to the Prime Minister, Datuk Zainal Abidin Osman said the plan to set up the UTC at the terminal ... Read More

PPB Group Bhd will submit plans before mid-2016 to redevelop the New World Park, a landmark heritage site in Penang, into a mixed development project. PPB (property division) chief operating officer Chew Hwei Yeow said the group was still talking to the authorities to understand what was allowed and not ... Read More

AS the Fire Monkey swings in to take its place, many have predicted this year as a challenging one. So, what’s in store for everyone in this particular year? Many came to me for advice on how to deal with this challenging period. Frankly speaking, I am not a feng ... Read More

Several roads in Kampung Pisang, Air Itam are undergoing road widening works to complement the upcoming 4.6km bypass connecting the Tun Dr Lim Chong Eu Expressway with Bandar Baru Air Itam. The bypass, scheduled for completion in 2019, is part of a comprehensive package of four traffic management projects totalling RM6.3bil, ... Read More

The slow property market has not stopped developers from planning projects ahead. One of them is Hunza Properties Bhd that is ready to implement the first phase of its RM10bil mixed-development project in Bayan Baru in 2017. This follows the issuance of completion and compliance certificate for its 690 units ... Read More

International property consultancy firm Rahim & Co is hoping a guideline will be provided on the newly-imposed limit on sales of new homes priced up to RM300,000 for first-time home buyers. "A clearer guideline is probably required. Developers can price a project at RM300,000 a unit but it may be ... Read More

Construction industry experts warned of additional costs being passed on to property buyers following the increase in foreign workers’ levy. Master Builders Association (MBAM) even cautioned that the prices of houses could increase owing to this reason. “The levy hike will impact the construction industry,” said MBAM deputy president Foo ... Read More

Volume of transactions is expected to decline in Penang, says Henry Butcher Malaysia (Penang) Key Economic Indicator Penang’s Gross Regional Product (GRP) was mainly contributed by the manufacturing and services sectors. Manufacturing accounted for 50% of the GRP shares while 46% was from the services sector. Manufacturing’s main sub-sectors include ... Read More

The public can have access to documents and agreements for two reclamation projects in Penang starting from today. State secretary Datuk Seri Farizan Darus said the relevant documents for the two projects — 10.11ha in Pantai Jerejak and 14.16ha in Bayan Mutiara — were open for public viewing from 9am ... Read More