Property News

Penang’s car ferry service to cease on Dec 31, will only carry pedestrians, motorcycles and bicycles from Jan 1
Penang’s iconic ferries are going to be retired on Dec 31. They will be replaced by “fast ferries” similar to the ones used in Langkawi from Jan 1. With this move, commuters using cars to travel between the mainland and the island will no longer be able to take the ... Read More

Ivory Properties buys Copthorne Orchid Hotel for RM75m cash
Ivory Properties Group Bhd has acquired Copthorne Orchid Hotel & Resort in Penang for RM75 million cash to expand its land bank and strengthen its foothold in the property market there. The hotel sits on a parcel of freehold land measuring at 2.5 acres, and has ceased operations. Ivory Properties ... Read More

Becoming a smart city the best bet for George Town
Established as an entrepôt in 1786 by the East India Company’s Francis Light, George Town was the first British settlement in Southeast Asia. Today, it is the capital of Penang. The city of George Town includes the Bayan Lepas Free Industrial Zone, a high-tech manufacturing hub called the “Silicon Valley ... Read More

SITE PROGRESS: The Amarene (Dec 2020)
About The Amarene Part of Ideal Vision Park development by Ideal Homes in Bayan Lepas, Penang. This development is strategically located along Jalan Tun Dr. Awang, adjacent to Tree Sparina condominium. It is just a mere minutes drive to Straits International School and Penang International Airport. Featuring a 35-storey condominium that ... Read More

Mengkuang Dam reopens to public after nine years of closure
The Mengkuang Dam in Bukit Mertajam, which was closed since 2011 to make way for its expansion project, has been reopened to visitors for recreational activities yesterday. With its reopening to the public after closing for almost a decade, Buletin Mutiara spoke to a few people when conducting checks at the ... Read More

Property market remains soft in 2020, sees better outlook on affordable housing in 1H 2021
The property market remains soft this year. This is despite the cautious optimism towards the nation’s projected gradual economic recovery, with the resumption of market activity under the recovery movement control order and the proposed measures under the National Economic Recovery Plan (Penjana). The pace of improvement will be dependent ... Read More

One out of three PR1MA projects cancelled in Penang
The government, via the Housing and Local Government Ministry (KPKT), disbursed RM172 million as compensation for 17 cancelled 1Malaysia Housing Programme (PR1MA) projects. KPKT Minister Zuraida Kamaruddin said the full settlement of the compensation, which includes the pre-development, labour and delay costs, for all 32 cancelled projects is expected to ... Read More

Penang Bay International Ideas Competition receives huge response
The Penang Bay International Ideas Competition has received a total of 79 entries from participants in almost 20 countries. The closing date was Oct 19 this year. The competition that was open to architects, landscape architects and urban planners around the world was launched by Chief Minister Chow Kon Yeow ... Read More

CMCO to end in Penang tomorrow except two sub-districts, EMCO only in target areas
The Penang Government had expressed its thanks to the National Security Council (MKN) Special Session on COVID-19 for considering the proposal made by the Penang State Security Special Committee (JKKNPP). Chief Minister Chow Kon Yeow said JKKNPP on Dec 3 had made an application for the implementation of the Conditional Movement Control Order (CMCO) in ... Read More

SITE PROGRESS: Setia Fontaines (Dec 2020)
About Setia Fontaines 1,675-acres freehold township development by S P Setia at Bertam. Strategically located adjacent to Bandar Putra Bertam, less than 25 minutes drive to Penang bridge and Butterworth. It features two residential collections, offering park homes of single and double-storey terrace, cluster, semi-detached and bungalow houses. Lush greenery and ... Read More
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