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Property News

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Penang’s Bukit Kukus bypass road finally opens

The Bukit Kukus bypass road here that was the site of a fatal landslide in 2018 was finally opened to traffic today. Part of the 3.8km Paya Terubong Paired Road project, it promises to cut down travel time between Air Itam and Relau from the current 20 to 30 minutes ... Read More
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Work on Cecil Residency progressing smoothly

Construction works at Cecil Residency, a low medium-cost housing project located in the heart of George Town, is currently ongoing and is expected to be completed by early 2024, state Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo said. The project, which is fully funded by the ... Read More
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Aspen terminates agreement to purchase land in Paya Terubong with Geo Valley

Aspen Park Hills (APH), the indirect subsidiary of Aspen (Group) Holdings, has terminated its conditional share and purchase agreement with Geo Valley to purchase land in Paya Terubong. This was due to non-fulfillment of the conditions precedent, Aspen said in a bourse filing on last Wednesday (Dec 29). In 2019, ... Read More
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E&O Plans New Project In Penang – Andaman Island

Following the success of Seri Tanjung Pinang (STP), Eastern and Oriental Bhd (E&O) is gearing up to launch its second master-planned development in Penang. Aptly named Andaman after the surrounding sea, this 760-acre island, just across the waterway from STP, is envisioned as the next iconic E&O address. Andaman will ... Read More
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Air Itam – Tun Dr LCE Expressway bypass is ahead of schedule, to be completed by early 2025

The construction works of the Air Itam-Tun Dr Lim Chong Eu Expressway bypass (Package Two) are ahead of scheduled progress and they are expected to be completed by the end of January 2025. Chief Minister Chow Kon Yeow said, as of Nov 30 last year, the project’s actual progress was ... Read More
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Coming soon – Le Meridien Penang Airport @ Penang Gateway

An international class hotel, known as Le Meridien Penang Airport, will be built in the middle of this year near the Penang International Airport in Bayan Lepas. The 200-room hotel, which is one of the components of a mixed-use development known as Penang Gateway, is slated to be completed in ... Read More
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Part of Bukit Kukus paired road project will open to road users on Jan 13

A section of the Bukit Kukus paired road project under the Penang Island City Council (MBPP) is expected to be officially open to road users on Jan 13 this year. Chief Minister Chow Kon Yeow and state Transport and Infrastructure Committee chairman Zairil Khir Johari, together with MBPP mayor Datuk Yew ... Read More
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Penang Housing Board to ramp up affordable housing projects this year

State Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo emphasised the importance of delivering affordable housing schemes to the community when he announced a new housing scheme in Lot 244, Mukim 9 Teluk Kumbar, Bayan Lepas on Saturday. He said the state has managed to reach ... Read More
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10 most viewed projects in Penang for 2021

Wishing you and your family a Prosperous and Happy New Year 2022!  Looking back at 2021, the prolonged COVID-19 pandemic has definitely caused an overall subdued property market. However, Penangites have never stopped searching for their dream home in Penang. Here are the 10 most popular projects. As usual, 9 out of 10 are ... Read More
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Vertice exits Penang mega infrastructure project

Vertice Bhd and Consortium Zenith Construction Sdn Bhd have mutually terminated the contract for the construction works for Package 2 of the Penang Mega Infrastructure project worth RM815.0 million undertaken by Buildmarque Construction Sdn Bhd. Buildmarque Construction is a 50:50 JV company formed between Vertice Construction, a wholly-owned unit of ... Read More