When the Penang Global City Centre (PGCC) was launched in 2007, it was touted as a major game changer to Penang. But it ended in a whimper partly because of its sheer scale which was not feasible. The RM25bil PGCC project was to have been undertaken by Abad Naluri Sdn ... Read More

The annual rate of appreciation for homes has dropped from 12.2% in the fourth quarter of 2012 to 5.9% in the second quarter of 2015, said Datuk Abdul Rahman Dahlan. The Urban Wellbeing, Housing and Local Government Minister in wrapping up the ministry's debate on Budget 2016 at the committee ... Read More

A recent survey shows Penangites are calling for the government to implement the Bayan Lepas to George Town LRT in the soonest possible time frame to provide respite from the worsening traffic condition on the island. Penangites are already counting the days when they can hop on the LRT to carry ... Read More

Ivory Properties Group Bhd hopes to complete all the five phases of Penang Times Square by 2020. COO Goh Chin Heng said the group is waiting for approval to start phases four and five by year-end. “We hope to commence work by the first quarter of next year concurrently,” he ... Read More

The Penang state Urban Regeneration Committee will hold its first meeting at the Penang Development Corporation on December 7, says its chairman Jagdeep Singh Deo, reports The Malaysian Insider. The committee will look into regenerating decades-old public housing schemes in Penang at Rifle Range, Taman Free School, Taman Tun Sardon ... Read More

The Penang government has set up a new Urban Regeneration Committee to look into the redevelopment and upgrading of old housing schemes, says state housing exco Jagdeep Singh Deo (DAP-Datuk Keramat). Jagdeep told the state legislative assembly sitting yesterday that the new committee, chaired by him, would look into planning ... Read More

APDL (Advertising Permit & Developer's License) approval has been a hot topic in Penang's housing industry over the last couple of months.  The delay in approval not only is a challenge for developers, it is also a depressing experience for the first time home buyers. So, to shed some light on the issue, here is a list ... Read More

Property developer Mah Sing Group Bhd is set to launch over RM1.2bil worth of projects in Penang next year. Mah Sing (North) senior general manager Daniel Law Wei Keong said the upcoming launches include the RM735mil Ferringhi Residence 2, the RM350mil Icon Residence at Lebuh Pykett, and an unnamed RM150mil ... Read More

More than 1,500 acres (607ha) of sea land off Permatang Damar Laut near Bayan Lepas have been identified for the proposed reclamation that forms part of the land-swap deal with SRS Consortium, the project delivery partner (PDP), for the RM27 billion Penang Transport Master Plan (TMP). This confirmed rumours circulating ... Read More

The extraordinary boom in the property market in Malaysia is ending but high house prices and the middle-class obsession with home ownership are likely to persist for a long time to come. Data from the National Property Information Centre’s (Napic) First Half Property Market Report shows that during the first ... Read More