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Property News

rehda-members

Rehda to discuss with Penang government on property development challenges

The Real Estate and Housing Developers’ Association Malaysia (Rehda) Penang is hoping to have a meeting with the Penang government, local governments and the relevant authorities soon to mitigate the challenges of the property development industry. Rehda Penang chairman Khoo Teck Chong proposed for the meeting to be held as soon ... Read More
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IHG to revive long-abandoned Mutiara Beach Resort in Teluk Bahang

The plan to resurrect the former five-star Penang Mutiara Beach Resort in Teluk Bahang after it was closed down for the past 16 years signifies international investor’s confidence in the Penang tourism industry, says state Tourism and Creative Committee chairman Yeoh Soon Hin. IHG Hotels & Resorts (IHG), one of ... Read More
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SITE PROGRESS: Muze @ PICC (Jun 2022)

About Muze @ PICC The first phase of residential offerings at Penang International Commercial City (PICC) integrated development by Hunza Group. This 43-acre development is strategically located within the vicinity of Bayan Baru township. It comprises two 58-storey towers featuring 846 residential units with 10 levels of car parking podium. Find out more about ... Read More
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Property prices likely to increase before year-end

The selling prices of residential properties in the country will likely increase by 5% to 20% soon. Real Estate and Housing Developers’ Association immediate past chairman Tan Hun Beng told StarBiz that a price hike was in the offing and likely to happen before the end of the year, as ... Read More
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SITE PROGRESS: Celesta Residency (Jun 2022)

About Celesta Residency Mixed development by Red Blue Development Sdn. Bhd. (TGB Group) in the established township of Sungai Nibong. Strategically located along Jalan Sultan Azlan Shah, diagonally opposite three public schools, namely SRJK(C) Kwang Hwa, SRJK(C) Shih Chung and SMK Sungai Nibong. It features a mix of residential and ... Read More
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People’s Market in Seberang Jaya to be ready in March next year

The reconstruction of the Seberang Jaya Public Market and Hawker Centre is expected to be completed in March next year. Chief Minister Chow Kon Yeow said that once completed, it will be renamed the ‘People’s Market’ (Pasar Rakyat). “The reconstruction project, which began in 2019, will be able to house about ... Read More
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SITE PROGRESS: Wellspring Residences (Jun 2022)

About Wellspring Residences A high-rise residential development by Airmas Group in Butterworth. Located near Jalan Telaga Air, next to Telaga Emas Apartment by the same company. It is about 500 meters away from the ever-bustling Jalan Raja Uda, and only a 5 minutes drive to Penang Sentral. This development comprises a 21-storey condominium, featuring 144 ... Read More
penang-hill-tourist-attraction

Careful planning to ensure highland is not disturbed

Penang Hill Corporation (PHC) has lined up numerous projects to make the highlands a major tourist destination. Its general manager Datuk Cheok Lay Leng said all projects would be implemented while carefully ensuring the surrounding environment would not be disturbed. First on the list was turning the Edgecliff Bungalow, a ... Read More
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TF-AMD to expand new manufacturing facility in Batu Kawan

With nearly RM2 billion in capital investment, TF AMD Microelectronics Sdn Bhd today announced its plans of expanding a new manufacturing facility at the Batu Kawan Industrial Park on the mainland. The new facility, spanning 1.5 million square feet and occupying approximately 14 acres, will manufacture advanced integrated circuit technology and ... Read More
kepala-batas-technology-park

Only high-tech sector to populate Penang Technology Park in Kepala Batas

The Penang government has given its assurance that only high-tech industries will be sited at the proposed 339-hectare new industrial area, known as the Penang Technology Park, at Jalan Tun Hamdan Sheikh Tahir in Kepala Batas. Chief Minister Chow Kon Yeow said although the Penang Technology Park would be developed ... Read More