A newly upgraded stretch of Jalan Masjid Negeri here has reduced traffic congestion during rush hour by some 15% according to the Penang Island City Council Engineering Department deputy director A. Rajendran. He said the 600m stretch had been widened between 12m and 16m under a RM7.29 million project which ... Read More

The first property project on land alienated in relation to Penang’s massive highway and traffic mitigation venture will have a gross development value of RM800mil. Ewein Bhd and Consortium Zenith BUCG Sdn Bhd will undertake the mixed development project on 3.67 acres in Bandar Tanjong Pinang. In a filing with ... Read More

Residents of Tanjung Bungah are concerned over a proposed high-density development, which is expected to cause traffic congestion in the area. Desa Embun Emas (DEE) Apartments Council chairman George Lee said residents foresaw an additional 2,000 cars in the vicinity based on an estimation of two cars for each household ... Read More

Some 50 first-time unit buyers went one step closer to their dream of home ownership at the M Summit Group’s Taman Ria and Ramah Pavilion balloting session in Penang. At the event held at the group’s office in Wisma Penang Garden recently, the buyers for the projects in Teluk Kumbar ... Read More

by Charles Tan When we look at the Penang’s market, we can see the real demand versus supply in real action. The reason I say so is because despite the property transactions declining, the prices of landed properties, especially within the island and especially only in that few hotspots continue ... Read More

E&O's latest executive apartment, The Tamarind, continues to hog the limelight as the most popular project of the month. An increased of 20% in page views compared to the previous month. However, it is likely to trend downward going forward as the remaining units are slowly being snatched up by ... Read More

The housing industry remains uncertain on how to implement the Goods and Services Tax (GST) that takes effect from today, property developers and real estate agents have said. Malaysian Institute of Estate Agents (MIEA) president Siva Shanker said he and many other real estate agents do not know whether GST ... Read More

Penang's secondary property market transaction volume is expected to remain resilient with the implementation of the Goods and Services Tax (GST). Malaysian Institute of Estate Agents (MIEA) Penang branch Chairman Mark Saw said the GST would have a minimal impact on the secondary property market, driven by high demand especially ... Read More

Ewein Zenith Sdn Bhd, a joint venture between Ewein Land Sdn Bhd and Consortium Zenith BUCG Sdn Bhd (CZBUCG), has received planning permission from the Penang Island City Council to go ahead and develop a mixed project on a 3.67-acre freehold land in Bandar Tanjong Pinang, Penang. In a filing ... Read More

House buyers are advised to do their homework first to avoid booking fee headaches. A woman paid RM2,000 as deposit for an apartment to the developer without her family's knowledge. Her parents objected because when they came to know about it because they were afraid she would be tied down ... Read More