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Property market saw price correction in first-half 2020
The property market experienced a correction in terms of pricing with more affordable housing launched in the first half of 2020 (1H2020). National Property Information Centre (Napic) director Aina Edayu Ahmad said half of the new launches in 1H2020 comprised houses priced at RM300,000 and below (6,657 units), while the ... Read More
Airbnb: Tourism Recovery at Risk from Blanket Ban in Strata Buildings
Airbnb has today warned that Malaysia’s tourism recovery could be threatened by talk of proposed blanket bans on short-term rentals in strata buildings in Penang, Selangor and other states in Malaysia. Prior to the pandemic, the Airbnb community in Malaysia made a significant contribution to the local tourism industry and ... Read More
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Penang Remand Prison and staff quarters under EMCO starting today
The Penang Remand Prison and its staff quarters will be placed under the Enhanced Movement Control Order (EMCO) from today (Oct 15), said Senior Minister (Security) Datuk Seri Ismail Sabri Yaakob yesterday. He said the decision was made on the advice of the Ministry of Health (MOH) and taking into consideration ... Read More
Airbnb in residential areas will be given a notice to stop operating
The Penang State Government through the local authority (PBT) will issue a notice to stop homestay or Airbnb activities in residential areas. Local Government, Housing Town and Country Planning Committee chairman Jagdeep Sing Deo said that the notice will also be issued for all modification and extension to the Airbnb unit. “This ... Read More
Bukit Kukus paired road is expected to open partially in May 2021
Jagdeep said the paired road project, which connects Paya Terubong and Relau, is expected to be completed and open for public use in May 2021. The Jalan Bukit Kukus landslide, which claimed nine lives on Oct 19, 2018, was once again brought up at the Penang State Legislative Assembly – ... Read More
Penang to go ahead with Penang Hill cable car project
Penang will go ahead with its proposed cable car project to call for a Request for Proposal (RFP), said chief minister Chow Kon Yeow at the state legislative assembly today. He said the project is expected to take between two to three years and the state will continue to promote ... Read More
Penang yet to decide on undersea tunnel project
The Penang state government has yet to make a decision on whether the controversial undersea tunnel project will be built, said state exco Zairil Khir Johari (DAP - Tanjung Bungah). The Infrastructure and Transport Committee chairman said the state will only make a decision after the feasibility report on the ... Read More
Project delivery partner working on PTMP financial architecture
SRS Consortium, the project delivery partner (PDP) for the Penang Transport Master Plan (PTMP), is in the process of improving the structure of its financial model in view of the economic uncertainties brought about by the Covid-19 pandemic. State Transport and Infrastructure Committee chairman Zairil Khir Johari said SRS Consortium ... Read More
Penang Retirement Resort near Penang Turf Club to be ready by early next year
Retirees in Penang can look forward to living their golden years in comfort with the completion of the Penang Retirement Resort in Batu Gantong, Ayer Itam, by Penang Turf Club early next year. Touted as the first of its kind, the seven-storey resort will have 49 units offering assisted care and ... Read More
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