fbpx

Property News

ppt-acquisition

PTT Synergy acquires development land in Penang for RM70.56mil

PTT Synergy Group Bhd has entered into a sale and purchase agreement (SPA) to acquire two parcels of freehold development land for RM70.56 million via indirect wholly owned subsidiary Projek Tetap Teguh Sdn Bhd (Projek TT) today. In a filing with Bursa Malaysia, the group said the 7.28 hectares (18 ... Read More
the-george-hotel

Ascott introduces first ‘crest collection’ hotel in Penang

The George Penang by The Crest Collection in George Town has elevated the state’s tourism sector since its establishment, Chief Minister Chow Kon Yeow said. Chow attributed the success to the dedicated team of The Ascott Limited, which managed the hotel. “My heartfelt congratulations to all who contributed to this achievement, ... Read More
vivo-executive-apartment-siteprogress-oct2023

SITE PROGRESS: Vivo Executive Apartment (Oct 2023)

About Vivo Executive Apartment A serviced apartment within Aspen Vision City township development at Batu Kawan. It is strategically located next to the upcoming Integrated Shopping Mall, walking distance to the Central Island Park. The units will be built complete with communal co-sharing working space and a social kitchen to support ... Read More
ev-charger-installation

Malaysian guidelines for EV charging bays installation in existing and new buildings

In a significant move towards promoting electric mobility and reducing carbon emissions, Malaysia has taken a leap forward with the introduction of comprehensive guidelines for electric vehicle charging bays (GPP EVCB). This initiative comes as part of the government's commitment to improving the approval process for the construction of electric ... Read More
abandoned flat

Penang’s abandoned flats may be converted to workers’ quarters

Abandoned flats and apartments may soon be converted to workers’ hostels in Penang, as the state tries to ensure that foreign workers live among their own. State housing committee chairman S Sundarajoo said Penang was also pushing for unsold or low-demand flats or homes in Seberang Perai to be converted ... Read More
stop-renting-low-cost-housing

Penang will prohibit owners of low-cost homes from renting out their units

Penang state government will be putting a stop to low-cost and low-medium-cost housing owners from renting out their units. State housing exco Datuk Seri S. Sundarajoo said these affordable housing units are heavily subsidised and are only meant for those who can’t afford expensive homes. “Someone has to put their ... Read More
astaka-hillside-tanjong-bunga

Astaka Hillside Tanjung Bungah to reopen on Oct 15

The much-awaited Astaka Hillside Tanjung Bungah is expected to begin its operation on Oct 15. Previously, the original Astaka Hillside Tanjung Bungah food court was ravaged by a fire in November 2020. Subsequently, the Penang government announced plans for a new food court on the same site with an estimated ... Read More
transits centre

Helping the homeless beyond putting a roof over their heads

In George Town, a new ray of hope has emerged for the homeless community in the form of a transit centre that provides warm meals and temporary shelter. The centre, located in Jalan CY Choy, has quickly become a lifeline for individuals like Khairul Taib and Lee Chong Kim, who ... Read More
komtar-view1

Rehda hopes Budget 2024 will address housing affordability issue

The Real Estate and Housing Developers’ Association (Rehda) hopes that the government will address the affordability, or rather the unaffordability of houses in the nation, as well as introduce measures to alleviate challenges developers continue to face in the upcoming Budget 2024. In its budget wishlist, the association’s president Datuk ... Read More
green-city-residence-site-progress-oct2023

SITE PROGRESS: Green City Residence (Oct 2023)

About Green City Residence A 29-storey luxury development in the heart of George Town by Green City Garden Development Sdn. Bhd. Located on a half-acre land along Macalister Road, it is only 2km away from KOMTAR and less than 15 minutes drive to Penang Bridge. This project features 52 units ... Read More