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Property News

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More than 500 MyDeposit applicants from Penang

The National Housing Department will notify successful applicants for the My First Home Financing Scheme (MyDeposit) by the end of this month. National Housing Department director-general Datuk Mohamad Yusoff Ghazali said the department had so far received 7,347 applications for the scheme, 1,046 of which provided complete documents. “Selangor recorded ... Read More
Penang Third Link (Undersea Tunnel)

Penang Third Link (Undersea Tunnel)

Undersea Tunnel is the third phase project undertaken by Consortium Zenith BUCG Sdn Bhd. The Undersea Tunnel link from Gurney Drive, George Town to Butterworth Outer Ring Road (BORR) with total length of approximately 7.2km. Key Information: Undersea Tunnel Total Length 7,2 km (approximate) Toll Plaza Proposed Interchanges Persiaran Gurney ... Read More
[Sunway Cassia] Artist's Impression of 2-Storey Semi-D Cydonia

Sunway Property to launch final phase of Sunway Cassia in Penang

Sunway Property, the Master Community Developer and Malaysia’s leading property developer, will officially launch the final phase of Sunway Cassia in Batu Maung, Penang on 17 April 2016. Public are invited to the launch with an exclusive viewing of the semi-detached show units happening from 10am to 6pm at Sunway ... Read More
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Seven roads projects approved for Penang under 11th Malaysia Plan

Seven road projects totalling RM1.96bil have been approved for Penang under the First Rolling Plan (2016-2017) of the 11th Malaysian Plan. On the island, they include road upgrades from Teluk Kumbar to Penang International Airport (RM390mil), from Batu Maung to Penang Bridge (RM373.2mil), from Batu Maung to the Jalan Sultan ... Read More
freemind

2016 Property Financing Outlook

* Article by Freemind Works * Property market in 2016 will continue to be soft especially with the challenges we are facing externally (possible continuous rate hike in U.S., Slower GDP growth in China, political unrest in Syria which has badly impacted oil price and commodities prices) and internally (1MDB ... Read More
PP_Pil2

Pan Island Link 2 / 2A

Penang highway master plan also looked at enabling the future development of less­ developed areas such as Balik Pulau and Teluk Kumbar in Penang Island by constructing a “spurs” road from PIL 1 at strategic interchange location. The other proposed Pan Island Links, namely PIL 2 and PIL 2A, to ... Read More
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Pan Island Link 1

A new 20km highway, the Pan Island Link 1, is proposed to alleviate the heavy traffic load on the Tun Dr Lim Chong Eu Expressway (LCE) and adjacent arterial such as Pengkalan Weld, Jalan Masjid Negeri, Jalan Jelutong and Jalan Sultan Azlan Shah. Given that little can be done to improve conditions ... Read More
top20-1q2016

20 Most Active Projects in Penang (Q1 2016)

2016 looks to be another happening year for property industry in Penang. While many industry experts predicted the property market to remain slow, our website traffic has hit an all-time high with nearly 1 million pageviews and over 180k unique visitors in Q1. With that in mind, let's take a look at the 20 ... Read More
penang man made island new

Penang Structure Plan – Three proposed man-made isles to be included

The Penang Structure Plan, which is out-dated, needs to be revised to incorporate the three proposed man-made islands off the south coast near Permatang Damar Laut meant to fund the Penang Transport Master Plan (PTMP). State Local Government, Traffic Management and Flood Mitigation Committee chairman Chow Kon Yeow said a ... Read More
eco-meadows

Eco Terraces, Eco Meadows, Eco Bloom & Eco Marina

Eco World Development Group Bhd, driven by a vision to ‘create tomorrow and beyond’, is gradually transforming Penang’s skyline with unique projects. Its Eco Terraces is taking shape in Paya Terubong on the island, so too are Eco Meadows and Eco Bloom in Bukit Tambun on the mainland. Towards the ... Read More