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Property News

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Phase 1 reclamation of Island A expected to start in May

The Phase One reclamation of Island A (approximately 1,200 acres) is scheduled to begin in May or June, said Deputy Chief Minister I Datuk Ahmad Zakiyuddin Abdul Rahman. The tri-islands (Islands A, B and C) of the Penang South Reclamation (PSR) project will be located at the south-end of the Penang ... Read More
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SITE PROGRESS: QuayWest Residence (Apr 2021)

About QuayWest Residence Luxury residential development located next to Penang World City in Bayan Mutiara, Penang. This development comprises 1,235 condominium units in two 24-storey towers. Tower A offers 669 units with built-ups from 1,246 to 3,222 sq ft. Tower B comprises 566 units of various types, 253 units of which ... Read More
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Sungai Pinang’s new neighborhood park is expected to complete by next month

The soon-to-be completed three-acre neighbourhood park at Lebuh Sungai Pinang 7, near to the popular seafront Karpal Singh Drive, is set to be a glowing attraction soon. Situated near a river, the RM1.5 million project may see mangrove trees, which are closely associated with fireflies, be planted near the riverbank to ... Read More
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Part of Bukit Kukus paired road expected to be ready by October

The construction works of a section of the Bukit Kukus paired road project are expected to be completed on Oct 23 this year. Penang Transport and Infrastructure Committee chairman Zairil Khir Johari said the project was initially scheduled to be completed on May 26 this year but was delayed due to ... Read More
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More affordable homes for Penangites

A total of 38,149 affordable housing units have been built for Penangites. Penang Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the affordable homes include those of Type A (low-cost), Type B (low medium-cost) and Type C (below RM300,000). “Another 18,519 units are in various ... Read More
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Govt looking to extend HOC till end of 2021

The government is looking to extend the Home Ownership Campaign (HOC) until the end of this year, says Housing and Local Government Minister Datuk Zuraida Kamaruddin. She informed that she had requested Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz to allow the extension. “However, the MoF (Ministry of ... Read More
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Scientex acquires land in Penang to build more affordable homes

Scientex Bhd plans to build more affordable homes in Penang, following the overwhelming response for the company's maiden Penang township in Tasek Gelugor. Its chief executive officer Lim Peng Jin said the first phase of Scientex Tasek Gelugor, launched in October 2020 has recorded a take-up rate of more than ... Read More
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Ferringhi Residence 2 Showcase @ TESCO Tanjung Tokong (1-30 April)

Ferringhi Residence 2 Property Showcase is happening this month! It's your opportunity to own one of the best seaview condo in Penang. Date: 1 – 30 April 2021 Time: 10am – 10pm Venue: TESCO Tanjung Tokong (in front of Watson) For more information, please contact Mah Sing Group at 04-291 3109 ... Read More
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Batu Kawan Industrial Park 2 (BKIP 2) – The key to Penang’s future development

Penang Chief Minister Chow Kon Yeow has stressed the importance of obtaining more industrial land to spur investments in the state. “Penang drew in RM16.9 billion of total approved manufacturing investments in 2019, and RM14.1 billion last year. “We attracted over RM30 billion of total approved manufacturing investments in just ... Read More
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SITE PROGRESS: Vertu Resort Condominium (April 2021)

About Vertu Resort Condominium First resort-inspired high-rise development by Aspen Group at Batu Kawan, with a gross development value (GDV) of RM620mil. This is the second phase (and the first residential development) in Aspen Vision City. Find out more about Vertu Resort Condominium. Register your interest here and we will keep ... Read More