The first phase of Penang’s RM6.34bil tunnel and roads projects is set to kickstart construction by end-October 2019, amid criticism on the project’s cost and the delay in completing the feasibility study. Consortium Zenith Construction Sdn Bhd, which is the main contractor for the multi-billion-ringgit project, has clarified that a master ... Read More

Iconic Point Preview Roadshow happening soon this coming Merdeka! Drop by to get first-hand information on the latest commercial hub Iconic Point & Soft Launch Event. Line up of exciting activities for you and family such as Iconic Photogenic Contest and clown appearance! See you soon! For more info please ... Read More

The proposed Penang undersea tunnel project report submitted for review by the technical consultant is over 90% complete and there’s no plan to stop the project, said Chief Minister Chow Kon Yeow (pic). The 7.2km tunnel project costing RM6.3bil connects Gurney Drive to Bagan Ajam in Seberang Prai and is ... Read More

Transport Minister Anthony Loke today gave a commitment that the systems upgrade for the Penang ferry service, will begin next year. The upgrading project to be undertaken by Prasarana Malaysia Bhd (Prasarana), the owner and operator of transportation services in the country, will include the introduction of catamarans apart from ... Read More

Bank Negara Malaysia’s easing of eligibility requirements for its RM1 billion Fund for Affordable Homes should lead to at least a 20% increase in home loan approvals for first-time homebuyers, said Finance Minister Lim Guan Eng. He added that it will help first-time homebuyers see a 20% reduction in their ... Read More

The Penang branch of the Malaysian Institute of Estate Agents (MIEA) has asked that the government extend the incentives under its Home Ownership Campaign (HOC) to encompass the secondary market. MIEA Penang chairman Christina Choong said house buyers were given stamp duty exemption under the HOC but this only applied ... Read More

The Penang Transport Master Plan (PTMP) is a comprehensive five-in-one transport blueprint consisting of light rail transit (LRT)/monorail, ferries, taxis, buses and water taxis to meet Penang’s needs over the next 50 years. The Bayan Lepas LRT (BL LRT) is the first urban rail line to be built under the ... Read More

The current unrest and chaos in Hong Kong may create more business and property sale opportunities in Penang, says Chief Minister Chow Kon Yeow. He said Penang had always been a destination for investment, tourism and business. “In light of the problems in Hong Kong, we may see more businesses ... Read More

The Penang State Government is still looking at various options on the mode of public transport deemed the most suitable for the Penang Transport Master Plan (PTMP). Chief Minister Chow Kon Yeow (pictured) said the state government has yet to decide which mode would be most suitable, be it light ... Read More

The National Home Ownership Campaign (HOC) initiated by the government to promote home ownership in Malaysia. The campaign is expected to run until 31 December 2019. During this period, home buyers will enjoy stamp duties exemptions on Sale & Purchase Agreement (SPA) and Loan Agreement. A minimum of 10% discount from the ... Read More