The Penang government will scrap the undersea tunnel project if the Federal Government grants approval for a third bridge in the state. State Public Works, Utilities, Transportation Committee chairman Lim Hock Seng said this is based on cost justification of the bridge construction and maintenance which was way cheaper than ... Read More

Sapphire Bukit Panchor, the latest commercial development by Bukit Punchor Development Sdn. Bhd. (A subsidiary company of Thriven Global Berhad) at Bukit Panchor Industrial Park in Nibong Tebal, Penang. It is located at the intersection of Jalan Industri 2 and Jalan Industri 4, less than 3km away from Jawi toll ... Read More

Paramount Corp Bhd is looking at launching RM750 million worth of properties this year, from the initial target of RM600 million, following an impressive sales success in the first quarter of this year (1Q17). “Our sales target for the year is RM500 million, but in 1Q17 alone we recorded about ... Read More

The majority of youths in Penang have no choice but to rent due to high property prices. Most (73.2%) are staying in a property owned by a family member or a relative and many (93.7%) are hoping to own a house within the next five years. These are some of ... Read More

About 3,000 jobs will be created for locals with the opening of a RM200 million high-end Global Business Services (GBS) complex near the second bridge by 2020, Chief Minister Lim Guan Eng announced yesterday. He said the complex, called “GBS by the Sea”, would be housed in two buildings, one ... Read More

Fairview Residence, an affordable housing development at Sungai Ara, Penang. Strategically located next to Setia Pinnacle by SP Setia, about 10 minutes drive away from Setia SPICE. This is a joint venture development between BSG Property and VST Group. This development will features 34-storey condominium offering 750 units of affordable housing, ... Read More

Eco World Development Group Bhd is targeting to launch the first phase of landed terraced homes at its Eco Horizon and Eco Sun complementary township developments in Batu Kawan, Penang sometime in 2H2017, Eco World Penang general manager Khoo Teck Chong told TheEdgeProperty.com. The 300-acre Eco Horizon and 74.5-acre Eco ... Read More

Covering 245 acres of freehold land in Bandar Cassia, Batu Kawan, Aspen Vision City is the collaboration between Aspen Group and Ikano Pte Ltd, owner of popular furniture franchise IKEA. Among the key highlights of Aspen Vision City is the development of an integrated shopping centre and the Northern Region's ... Read More

The Penang Waterfront Convention Centre (PWCC) spanning 25,083sq m is poised to turn the state into a hub for conventions and exhibitions in Southeast Asia. Its multipurpose hall will be a sprawling 7,060sq m, the largest ever planned for Penang. But the best news is that PWCC is part of ... Read More

The Light City, a large-scale integrated mixed-use waterfront development in Gelugor, Penang. This is a joint venture development between IJM Corp Bhd and Perennial Real Estates Holdings Ltd. Positioned as Penang’s premier integrated waterfront precinct, The Light City will have a total gross development value of over RM4.5 billion, said ... Read More