Penang Transport Master Plan a strong catalyst
Construction companies and property developers with exposure to Penang are set to benefit tremendously from the extensive development in the state. According to TA Research, the Penang Transport Master Plan (PTMP) could be a strong growth catalyst for both the construction and property development sectors in the country. With various ... Read More
Putrajaya pulls back govt guarantee for Penang’s RM2b loan to finance LRT project
Putrajaya has decided not to proceed to grant a government guarantee for a US$500 million (RM2.04 billion) loan application by Penang to partly finance its RM9.5 billion light rail transit (LRT) project. Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said the decision was in line with the revised ... Read More
7 Upcoming Projects at Sungai Nibong in 2017 / 2018
Following the unveiling of Penang Transport Master Plan, developers are eyeing for opportunities near LRT stations. This is particularly obvious in Sungai Nibong where there were at least 7 projects proposed by 6 developers in the past 12 months, with the exception that there is still no official plan submitted by ... Read More
Latest Projects @ Bayan Lepas LRT Line
Bayan Lepas LRT Line became the popular topic of discussion ever since it was announced by Penang State Government as part of the Penang Transport Master Plan. Bayan Lepas LRT line, covering a total of 30 km length will likely be the first LRT line to kick off. We often ... Read More
Butterworth-Kulim Expressway Interchange Upgrade
The Butterworth-Kulim Expressway Interchange (BKE IC) is one of the busiest junctions on the Mainland, with traffic volumes at the at-grade signalised roundabout as high as 10,000 passenger car units (PCU) per hour during peak traffic. The highest turning traffic volume was observed to be the northbound right-turn from NSE ... Read More
Penang eyeing July approval for LRT project to begin 2017
Penang hopes to secure a conditional approval for its first railway scheme connecting Bayan Lepas to Komtar by next month, state executive councillor Chow Kon Yeow said. The local government committee chairman said SRS Consortium, the project delivery partner (PDP) for the Penang Transport Master Plan (PTMP), met with Land Public ... Read More
Cable car system for Penang gets the axe
The proposed cable car system for Penang, which is part of the ambitious RM27bil Penang Transport Master Plan (PTMP), has been rejected by the Federal Government. Transport Minister Datuk Seri Liow Tiong Lai said the state government has been informed of the decision. He said the decision was made as ... Read More
Penang BRT (Bus Rapid Transit) – Batu Kawan Line
Ongoing developments in Batu Kawan townships has intensified with the opening of the Penang Second Bridge. The proposed BRT system is to link the mixed industrial-commercial and residential townships to the nearest KTM station at Simpang Ampat and also the Raja Uda–Bkt Mertajam monorail which terminates at Permatang Tinggi. The ... Read More
Penang Monorail – Raja Uda / Bukit Mertajam Line
Raja Uda and Bukit Mertajam are two higher intensity development areas in Seberang Perai. Raja Uda, an upcoming development area is located in the northwest region of Seberang Perai and lies beyond the KTM rail corridor. The proposed Raja Uda-Bukit Mertajam Monorail line will provide much-needed connectivity between Raja Uda ... Read More
Bayan Lepas LRT and PIL 1 are the top two priorities
The state government is in no rush to implement the RM27 billion Penang Transport Master Plan (PTMP) as it is a multi-stage project spanning a 15-year period, said local government and traffic management committee chairman Chow Kon Yeow. He said the implementation of the PTMP will be done in stages ... Read More
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- @Mr Tai Great point!! Price will decrease surely. After 20 years it could be just...Ryu on Marriott International and Ideal Property to launch ‘Marriott’-branded development at Queens Waterfront
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OTHER DEVELOPMENTS
- Affordable Housing (Penang Island)
- Butterworth Arena
- Columbia Asia Medical Centre
- Eco-Tourism Hub @ Batu Kawan
- Escape Penang – Eco Theme Park
- GBS @ The Waterfront
- GBS by The Sea
- Gurney Wharf
- IKEA Batu Kawan
- Island Medical CIty
- Kobay Jelutong
- Lin Xiang Xiong Art Gallery
- Linear Waterfront
- Mitsui Outlet Park @ PIA
- One Auto Hub @ Batu Kawan
- Penang Arts District
- Penang Eastern Seafront Development
- Penang Medical & Digital Technology Hub
- Penang Premium Outlets (Design Village)
- Penang Sentral
- Penang South Islands
- Penang Transport Master Plan
- Penang Waterfront Convention Centre
- Penang World City
- PIA Expansion
- Silicon Island
- Teluk Bahang Wellness Resort
- The Ship Campus (ALC College)
- The Top @ Komtar
- Wellness City of Dreams