Tambun Indah Land to roll out RM170 mil worth of launches in 2017
Penang-based property developer Tambun Indah Land Bhd plans to launch three new projects worth about RM170 million for 2017, said the developer. These projects are Pearl Saujana phase 1, Pearl 28 in Pearl City, Bandar Tasek Mutiara and Palma Residence in Alma, Penang. “The group is optimistic that the planned ... Read More
APDL approvals to boost Penang market
After waiting for months on end for their applications for advertising permits and developers’ licences (APDLs) to be approved, developers in Penang breathed a sigh of relief recently — they have finally been given the nod. They are now busy with sales and purchase agreement signings and banking in of cheques, ... Read More
Penang, Sabah picked as top investment regions for leisure/hotel sub-sector
Penang and Sabah remain the most attractive regions for investment in the hotel or leisure sub-sector, according to respondents of Knight Frank’s Malaysia “Commercial Real Estate Investment Sentiment Survey 2017” (CREISS). “Looking into the most attractive regions for investments in 2017, Sabah and Penang were voted as the most attractive ... Read More
Making George Town pedestrian-friendly, one back lane at a time
The unkempt and inaccessible back lanes of George Town will soon be upgraded, beautified and opened up for easy access to pedestrians and cyclists. Starting with three small lanes first, the Penang Island City Council (MBPP), together with Think City, plans to renovate these, upgrade the drainage systems and widen ... Read More
EcoWorld sees property market improving in 2017
Premier lifestyle developer Eco World Development Group Bhd (EcoWorld) is optimistic about the overall property market this year, which it expects to improve, partly anchored by factors that include low interest environment and positive buying sentiment. "I acknowledge that the property market is still challenging. But this year is going ... Read More
Another six months to get approval for Penang Transport Master Plan
The Penang government has extended by six months the validity period of the award letter for SRS Consortium, the project delivery partner (PDP), of the Penang Transport Master Plan (PTMP) project. The award letter was to expire by the end of this month but will now be valid until June ... Read More
Penang developers can now use corporate guarantees
Developers in the state can now choose to settle 60% of contribution charges using corporate guarantees. Real Estate & Housing Developers Association (Rehda, Penang) chairman Datuk Toh Chin Leong said previously 60% of the contribution in the form of development and infrastructure charges had to be settled using bank guarantees, ... Read More
PR1MA launches special end-financing scheme
More than 60% of potential 1Malaysia Housing Programme or PR1MA homebuyers had to give up their booked units due to problems with end-financing. Hence, Perbadanan PR1MA Malaysia has come up with a special end-financing scheme to help increase PR1MA homebuyers’ chances of getting home loans. The new scheme called the ... Read More
Penang to absorb RM55.2m in assessment rates, GST
The Penang state government said today it will absorb RM55.19 million in assessment rates for all property owners and Goods and Services Tax (GST) for all its services in the state this year. While launching an awareness drive on the assessment rate exemption at Penang Island City Council (MBPP), Penang ... Read More
EcoWorld’s Chap Goh Meh Celebration
Our Chinese New Year is coming to an end this Saturday and let’s make a good finale to the festive with a great Chap Goh Meh celebration on the 15th day of Chinese New Year at both Eco Terraces and Eco Meadows with lots of excitement like complimentary F&B Stalls, ... Read More
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Latest Projects
TODAY'S MOST READ
RECENT COMMENTS
- Anyone view this project? is the location good? ...joey on Senze @ PICC
- PM Interested ... ...Phoebe on The Cube
- @Islander 1 hour in penang traffic could've been 15mins in good location? Why spend 1...Krie on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @Krie PICC &Queens as well. Mention location like a super prime but density over 2000+....AG Zen on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @babyfong speculator or no speculator. at least don't daydream and talk nonsense like high density...WC Ong on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @WC Ong I think you are forgetting not all home owners are speculators. I believe...babyfong on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- PM Interested ...JO on UPCOMING: Sungai Nibong / Bayan Capital Sdn. Bhd.
- PM Interested ...JO on AFFORDABLE: Pantai Jerjak / PDC Properties Sdn. Bhd.
- @Krie Location means almost nothing in Penang, within 1hour of traffic jam u can go...Islander on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @WC Ong I don't bother replying to him. The moment he talk about LOCATION, i...Krie on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
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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