If the planned reverse takeover (RTO) of tile manufacturer Yi-Lai Bhd goes through, it would see the entry of one-up-and coming property developer from Penang, Aspen Vision Group and its co-founder Datuk M. Murly into the capital market. Murly is becoming well known in property circles for his Aspen Group, ... Read More

The Penang Chinese Chamber of Commerce (PCCC) has urged the state government to speed up the implementation of Penang Transport Master Plan (PTMP). PCCC president Datuk Seri Choot Ewe Seng said it was needed to help alleviate traffic congestion in the state. He said tourists started flocking to the city ... Read More

Another mixed development proposed by WHH Land at Sungai Ara. Located on a 5 acres land along Jalan Tun Dr. Awang, adjacent to Asia Green's The Clovers development scheme. This development comprises a 34 building with two residential towers, offering 168 condominium units. The commercial component will offers a mix of ... Read More

Ikano Private Limited, owner of the IKEA franchise in Malaysia, confirmed today its ambition to open a store in Penang during the third quarter of 2018. Ikano and the Aspen Group teamed up in September 2014 to purchase 245 acres of land from Penang Development Corporation. The joint-venture company is working ... Read More

Eco Bloom, an on-going mixed development by EcoWorld in mainland Penang, comprises condominium and commercial shop lots. It's part of the company's maiden project - Eco Meadows - on a 75.7-arce land in Simpang Ampat. Offering 490 residential units in two 33-storey condominium towers with size ranging from 800 sq.ft. onward. Register ... Read More

The proposed cable car spanning the Penang channel will cross the Middle Bank and engineers are working to ensure least damage to the seagrass bed. “The footprints of the cable pylons and towers will be small and have a low impact on the environment,” said Chief Minister Lim Guan Eng ... Read More

A proposed mixed development scheme on a 5-acre land along Swatow Lane in George Town. The site is currently occupied by New World Park, a famous food court with more than 30 food operators and retailers. The proposed development will see the demolition of New Work Park for the following project: One block ... Read More

The Real Estate and Housing Developers Association (Rehda) is in discussion with the Government to bring back the developers interest bearing scheme (DIBS) in a certain form for first-time house buyers of a certain price, Datuk Soam Heng Choon said at a property forum. Soam, who is also IJM Corp ... Read More

Iconic Vue, an affordable housing by Iconic Land Sdn. Bhd. at Batu Ferringhi, Penang. Strategically located along Lorong Sungai Emas, only about five minutes walking distance from Golden Sand Resort. It is surrounded by many local amenities such as schools, petrol stations, police stations & F&B outlets, This development comprises a 26-storey condominium with ... Read More

The RM6.3 billion Penang mega project to build three xpressways and an undersea tunnel linking Penang island to the mainland will kick off in June, with the construction of the Air Itam-Tun Dr Lim Chong Eu Expressway bypass. Consortium Zenith BUCG Sdn Bhd (CZBUCG) chairman Datuk Zarul Ahmad Mohd Zulkifli ... Read More