Tropicana Corp sells Courtyard by Marriott Penang to IOI for RM165m
Tropicana Corporation Bhd’s subsidiary, Tropicana Macalister Avenue (Penang) Sdn Bhd, has signed a sale and purchase agreement with IOI PFCC Hotel Sdn Bhd to sell Courtyard by Marriott Penang for RM165 million. The transaction will generate a surplus cash of approximately RM80.8 million for Tropicana, contributing to a reduction in ... Read More
Equalbase invests RM300mil on first logistics complex in Penang
Equalbase, which specialises in sustainable commercial and industrial logistics developments in Asia, is investing RM300 million for its first carbon-neutral logistics complex in Valdor, Penang. Valdor I, spanning 4.6 hectares and over 600,000 square feet, will achieve over 50 per cent energy efficiency using Equalbase's carbon-cured concrete, reducing carbon dioxide ... Read More
IJM Perennial Development tops out Penang Waterfront Convention Centre
IJM Perennial Development Sdn Bhd topped-out the Penang Waterfront Convention Centre (PWCC) on Tuesday. PWCC, located in Gelugor, Penang, is set to be completed in 2Q2025, according to a press release dated Jan 23. The Light City is jointly developed by IJM Corporation Bhd and Perennial Holdings Pte Ltd. IJM ... Read More
SITE PROGRESS: Lucerne Residences (Jan 2024)
About Lucerne Residences The final phase of residential development by Ideal Property Group at Ideal Vision Park in Bayan Lepas. It is just a short drive to Penang International Airport, 10 minutes walking distance to Straits International School. The project will see two blocks of 36-storey skyscrapers featuring a European living concept. It offers 480 ... Read More
BNM keeps OPR at 3%
In its recent meeting, the Monetary Policy Committee (MPC) of Bank Negara Malaysia announced the decision to maintain the Overnight Policy Rate (OPR) at 3%. The move is in line with the current assessment of the global and domestic economic landscape. Globally, the economy continues to expand, driven by robust ... Read More
REHDA: Different housing affordability measures needed
The traditional housing affordability measure of median multiple is too conservative, whereas measures of residual income and housing cost burden are more realistic, Rehda Institute shared on Tuesday during a stakeholders' discussion held at Wisma Rehda in Petaling Jaya for an upcoming report titled Affordable Housing II: Closing the Gap ... Read More
Escalating prices dash homeownership dreams for Malaysian millennials
The aspiration of owning a home, a cornerstone of financial stability and future planning, remains an uphill battle for many Malaysian millennials residing in major cities. The intertwining factors of skyrocketing property prices and an unyielding surge in the cost of living create a formidable barrier, leaving the younger generation, ... Read More
IJM in talks for two foreign hotels in Light City
IJM Perennial Development Sdn Bhd (IJMPD) is currently negotiating for a China and a US-brand name hotels to operate in the RM4.5bil Light City mixed development project in Penang, says general manager Tan Hun Beng, IJMPD is a joint-venture (JV) company between IJM Corp Bhd and Singapore based Perennial Holdings ... Read More
Aspen’s latest mixed development Versa inaugurated on Friday
Aspen Group inaugurated its latest project, called Versa, a two-tower residential development and nine commercial units, in Batu Kawan last Friday. Strategically nestled in the freehold township of Batu Kawan, Versa promises residents unparalleled comfort, convenience, and a gratifying lifestyle. Its effortless access to amenities such as IKEA Batu Kawan, Klippa ... Read More
Penang calls on PLUS to implement Juru-Sungai Dua traffic dispersal project
The Penang government has called on PLUS Malaysia Berhad (PLUS) to implement the Juru-Sungai Dua elevated highway project for the dispersal of the worsening traffic congestion in the area. Chief Minister Chow Kon Yeow said the state government had raised the matter with the Public Private Partnership Unit (UKAS) of ... Read More
Weekly Newsletter
Latest Projects
TODAY'S MOST READ
RECENT COMMENTS
- @Betul normal people will not question someone passing through or doing something useful ..only camel...Oh nice on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @Betul Same issue in Gurney bay too. That's somebody hanging around in park also at...Gurney Bay on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- So you busybody what other people are doing by the roadside but you tell me...Betul on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- So anyone who wants to hang out at the road side or a public area...Betul on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @Oh nice No I am talking about public road for vehicle not waterfont area which...Oh nice on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @Betul I was doing something productive that you don't need to know. Are you one...Oh nice on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @Oh nice The usual spot like this with an open concept will have these people...MajorArches on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- What were you doing there yourself during midnight hours? Do you have a job? Those...Betul on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @Nancy Mine is 2 cp seaview RM650k. Are you interested? I will contact you if...Jes on Affordable Housing @ The Zen
- @Loo I'm interested to your house, could you pm more detail to 88nancyloh@gmail.com ...Nancy on Affordable Housing @ The Zen
SHOW MORE COMMENTS
Latest Property News
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