GEORGE TOWN: The second Penang bridge is 3% ahead of schedule and is expected to be ready by October next year, said Chief Minister Lim Guan Eng. He said the construction work was proceeding well. “Although the bridge was expected to be ready in 2014, it is now expected to ... Read More

THE state government’s fund for affordable housing will be managed and implemented by the Penang Development Corpo- ration (PDC). Chief Minister Lim Guan Eng said the PDC would ensure that the RM500mil was used to build affordable units for the lower income group in the state. “This is the largest ... Read More

KUALA LUMPUR: The proposed new housing loan scheme for those in the low and middle income group here can keep the city “thriving, vibrant and youthful,” said the Real Estate and Housing Developers Association (Rehda). Its president Datuk Seri Michael Yam said Prime Minister Datuk Seri Najib Tun Razak and the Federal Territories and ... Read More

PENANG: Penang Island's residential sector retained the lion's share of transactions in the property market in terms of total value and volume in 2011 and real estate consultancy Henry Butcher Malaysia (Penang) Sdn Bhd expects a more "cautiously optimistic" outlook for the sector this year.In its Penang Island Real Estate ... Read More

A condominium with a panoramic view is the latest property offering in Bukit Dumbar in Penang.The exclusive project — Quattro 360 by Marvellous Land Sdn Bhd — features a total of 38 units with only two units per floor.Each unit has a built-up space of 1,900sq ft, and comes with ... Read More

BSG Property's business development manager Koay Wei Loong said the proposed street mall comprising food and beverage offerings in Malacca is likely to be ready by the end of 2013 and the company has earmarked some RM40 million."The positive response we have received from tenants of Precinct 10 and customers ... Read More

The Belleview Group is undertaking the development of RM1.724bil worth of property this year for Penang island and Kedah. Its managing director Datuk Sonny Ho said some RM360mil worth of property projects including All Seasons Park’s final phase, Moulmein Rise and W Residence were planned for the island. “The remaining ... Read More

GEORGE TOWN: The state government will not run away from problems faced by the people such as the issues of affordable housing, traffic congestion and civil services, Chief Minister Lim Guan Eng said. He said the state had allocated RM500mil to ensure affordable homes were made available to Penangites. “To ... Read More

GEORGE TOWN: Hunza Properties Bhd is launching about RM650mil of residential properties in Kepala Batas in Seberang Prai and Tanjung Bungah on Penang island this year. Group executive chairman Datuk Khor Teng Tong told StarBiz that residential properties worth about RM300mil in gross development value (GDV), comprising double-storey semi-detached, terraced, ... Read More

THE Tun Dr Lim Chong Eu Expressway in Penang is finally set to have three lanes on both sides of its entire stretch. A bottleneck near the Batu Uban marine police base which reduces the three lanes (on each side) to two is undergoing a road-widening project that began this ... Read More