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Property News

Chalets on water for Penang

Chalets on water for Penang

PENANG will see its first hotel with water chalets opening soon in Teluk Kumbar. State Tourism Development and Culture committee chairman Danny Law Heng Kiang said that the hotel with water chalets was among three new hotels that will be opening in the near future. “The other two hotels will ... Read More
Berth at ferry terminal to be rebuilt

Berth at ferry terminal to be rebuilt

AFTER being out of use for more than six months, the unstable berth at the Pengkalan Raja Tun Uda ferry terminal in Weld Quay will be rebuilt starting next month at a cost of RM2.15mil. Penang Public Works, Utilities and Transport Committee chairman Lim Hock Seng said Penang Port Sdn ... Read More
Lesson for developers

Lesson for developers

BUKIT MERTAJAM: The Seberang Prai Municipal Council (MPSP) has lifted a stop work order issued on a construction site in Alma near here earlier this month. A team of MPSP councillors and officials, who visited the site, lifted the stop-work order after the developer was found to have complied with ... Read More
SP Setia to develop RM1.1bil Penang project

SP Setia to develop RM1.1bil Penang project

PETALING JAYA: SP Setia Bhd will be embarking on a mixed residential development project with a gross development value of RM1.1bil in Penang after acquiring freehold land in the state. In a filing with Bursa Malaysia, the company said it had acquired 21.3 acres in the north-east Penang Island district of Timor Laut ... Read More
SP Setia expands footprint in Penang

SP Setia expands footprint in Penang

Property developer SP Setia Bhd is on the lookout to acquire more strategic pieces of land in Penang in a bid to extend its footprint in the state. Presently, it is looking to buy three parcels of land on the island by the middle of the year. The company, which ... Read More
Shopping mall in the cards

Shopping mall in the cards

MAH Sing Group Bhd plans to develop a 1 million sq ft shopping mall for the Southbay City mixed-development project on a 13.7ha site in Batu Maung, Penang, next year. Group chief operating officer Teh Heng Chong said the shopping mall would be positioned to attract shoppers from the northern ... Read More
Excitement in the air as second Penang Bridge hits three-quarter mark

Excitement in the air as second Penang Bridge hits three-quarter mark

GEORGE TOWN: Excitement is clearly growing with the state's second Penang Bridge having passed its three-quarter completion mark. Workers on the ground are beginning to have a sense of an ending now that the bridge is taking shape literally. Jambatan Kedua Sdn Bhd construction director Hamizol Ngah said progress on the island's second ... Read More
More cheap homes for state

More cheap homes for state

THE Penang Government has identified a total of 31.16ha of land on the mainland and island for phase two of its affordable housing project. Chief Minister Lim Guan Eng said details of the project would be released after acquiring a report from the Penang Development Corporation (PDC) and other experts ... Read More
Bank Negara’s guidelines affect mainly lower income group

Bank Negara’s guidelines affect mainly lower income group

KUALA LUMPUR: The responsible lending guidelines issued by Bank Negara for banks since the beginning of this year may have less of a downside impact on loans growth than initially thought, Hong Leong Research said. Hong Leong Research’s banking analyst Low Yee Huap said in a report that the impact ... Read More
Not only clean and green

Not only clean and green

A SERIES of activities has been planned to promote Penang beyond the cleaner and greener initiatives. State Local Government and Traffic Ma­­nagement Committee chairman Chow Kon Yeow said they hoped to improve the state from safety and health aspects. “Besides promoting cleaner and greener campaigns, more interactive activities will be ... Read More