fbpx

Property News

ferry-service-continue

Penang ferries to stay, says Finance Minister

Finance Minister Tengku Zafrul Aziz says the government will ensure that Penang’s iconic ferries will remain in service for now. He told the Dewan Rakyat today the RM30 million allocated by the Pakatan Harapan government for Penang Port Sdn Bhd (PPSB) to maintain the ferry services will be channeled in ... Read More
traffic-in-penang

MBPP appoints independent checker to conduct TIA

The Penang Island City Council (MBPP) has appointed an independent checker to carry out the Traffic Impact Assessment (TIA) for developers in the Penang island. According to MBBP mayor Datuk Yew Tung Seang, Lean Kok Woei from Perunding Trafik Bakti Sdn Bhd will be council’s official consultant effective from January ... Read More
iconic-ferries-cease

Penang’s car ferry service to cease on Dec 31, will only carry pedestrians, motorcycles and bicycles from Jan 1

Penang’s iconic ferries are going to be retired on Dec 31. They will be replaced by “fast ferries” similar to the ones used in Langkawi from Jan 1. With this move, commuters using cars to travel between the mainland and the island will no longer be able to take the ... Read More
ivory-buy-copthorne

Ivory Properties buys Copthorne Orchid Hotel for RM75m cash

Ivory Properties Group Bhd has acquired Copthorne Orchid Hotel & Resort in Penang for RM75 million cash to expand its land bank and strengthen its foothold in the property market there. The hotel sits on a parcel of freehold land measuring at 2.5 acres, and has ceased operations. Ivory Properties ... Read More
default

Becoming a smart city the best bet for George Town

Established as an entrepôt in 1786 by the East India Company’s Francis Light, George Town was the first British settlement in Southeast Asia. Today, it is the capital of Penang. The city of George Town includes the Bayan Lepas Free Industrial Zone, a high-tech manufacturing hub called the “Silicon Valley ... Read More
the-amarene-site-progress-dec2020-2

SITE PROGRESS: The Amarene (Dec 2020)

About The Amarene Part of Ideal Vision Park development by Ideal Homes in Bayan Lepas, Penang. This development is strategically located along Jalan Tun Dr. Awang, adjacent to Tree Sparina condominium. It is just a mere minutes drive to Straits International School and Penang International Airport. Featuring a 35-storey condominium that ... Read More
mengkuang-dam

Mengkuang Dam reopens to public after nine years of closure

The Mengkuang Dam in Bukit Mertajam, which was closed since 2011 to make way for its expansion project, has been reopened to visitors for recreational activities yesterday. With its reopening to the public after closing for almost a decade, Buletin Mutiara spoke to a few people when conducting checks at the ... Read More
Penang bridge view

Property market remains soft in 2020, sees better outlook on affordable housing in 1H 2021

The property market remains soft this year. This is despite the cautious optimism towards the nation’s projected gradual economic recovery, with the resumption of market activity under the recovery movement control order and the proposed measures under the National Economic Recovery Plan (Penjana). The pace of improvement will be dependent ... Read More
pr1ma-cancelled

One out of three PR1MA projects cancelled in Penang

The government, via the Housing and Local Government Ministry (KPKT), disbursed RM172 million as compensation for 17 cancelled 1Malaysia Housing Programme (PR1MA) projects. KPKT Minister Zuraida Kamaruddin said the full settlement of the compensation, which includes the pre-development, labour and delay costs, for all 32 cancelled projects is expected to ... Read More
penang-bay-competition

Penang Bay International Ideas Competition receives huge response

The Penang Bay International Ideas Competition has received a total of 79 entries from participants in almost 20 countries. The closing date was Oct 19 this year. The competition that was open to architects, landscape architects and urban planners around the world was launched by Chief Minister Chow Kon Yeow ... Read More