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Property News

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LRT up and running in 2030

The light rail transit (LRT) project is expected to be completed in 2030. Chief Minister Lim Guan Eng said that all the LRT lines and routes should be ready by that year. “The LRT project will pass through Batu Kawan, linking up the mainland and the island to ensure that ... Read More
ecoworld

Eco World confirms GDV for Batu Kawan devt at RM10b

Eco World Development Bhd has confirmed the estimated gross development value (GDV) for the proposed Eco Marina development comprising of mixed development and the golf course in Batu Kawan, Penang would be RM10bil. The property company said on Tuesday the development period would be about 10 years, with the construction ... Read More
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1st Hokkien Property Convention in Penang (FREE)

For the very 1st time, GM Training Academy is bringing you a Hokkien Property Convention this Saturday at Sunway Hotel Georgetown. This is a FREE event by veteran property speakers from Penang, covering... Where to invest? How to get your loan approval? How to protect yourself legally? Want to know ... Read More
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LRT maps not ‘rail McCoy’

Two images known as the ‘Penang Rail Tran-sit Map’ circulating on social media have been described as visuals put together of something which has yet to be finalised. State Traffic Management Unit chief engineer Lim Thean Heng said the superimposed images consist of a combination of loop alignments and transit ... Read More
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Penang Sky Cab plan not faring well

Besides the less-than-enthusiastic response from residents, tourism industry players have also voiced their doubts about the proposed Penang Sky Cab project. “I’m not too sure about this as a tourist attraction. We are told that the state wants to create attractions like homestays, bird watching and visits to fish markets ... Read More
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Penang Sky Cab project to be cancelled if public disagrees

The proposed RM300 million Penang Sky Cab project linking the island and the mainland will be cancelled if the public objects to it, said Chief Minister Lim Guan Eng. Lim said in implementing the project, the state would take into account the views and feedback from the public. "We will ... Read More
ecoworld

Eco World buying land in Penang for RM730.9mil

Eco World Development Group Bhd is acquiring 299.64 acres of leasehold land in Batu Kawan, Penang, for RM730.93mil to build residential and commercial properties. In a filing with Bursa Malaysia yesterday, Eco World confirmed that it had received a letter of award from the Penang Development Corp (PDC) about its ... Read More
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Penang denies report on LRT project

A light rail transit (LRT) project has yet to be approved in Penang as the state government is still evaluating the six packages submitted by bidders for the Penang Master Transport Plan, a state executive councillor said today. Local government and traffic management committee chairman Chow Kon Yeow refuted local ... Read More
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First LRT project in Penang next year

Penang is set to get its maiden LRT project – a 17.5km elevated stretch linking Komtar with the Penang International Airport. With construction slated to begin next year, the RM4.5bil project is part of a package of solutions for an island that has long been choking on its traffic. The ... Read More
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Penang Sky Cab

Penang Sky Cab is the proposed Penang Cable Car which links Penang Sentral at Butterworth to Gat Leboh Nordin on the island. The 3-KM proposed cable car project is a collaboration between Penang Sentral and the Penang State Government. Chief Minister Lim Guan Eng revealed the project to members of ... Read More