Chief Minister Chow Kon Yeow has clarified that there is no approval yet for a plan to reclaim three man-made islands off the southern coast of Penang island. He said the state government must follow the 18 points of advice set by the federal government. “I did not say that ... Read More

The National Physical Planning Council (NPPC) has approved the proposed Penang South Reclamation (PSR) project to create three islands off the southern coast of the main island. Penang Chief Minister Chow Kon Yeow, in a brief statement, confirmed that the NPPC had agreed to the implementation of the project as ... Read More

Traffic congestion in Jalan Air Itam and Jalan Thean Teik would ease when the RM3.7 million project to link Jalan Pisang Berangan and Jalan Thean Teik is completed by May next year. Air Itam assemblyman Joseph Ng said the project, financed by Penang Island City Council (MBPP), commenced in March and ... Read More

Construction of the proposed Komtar-Bayan Lepas Light Rail Transit (LRT) project, part of Penang's multi-billion ringgit Transport Master Plan (PTMP), is expected to begin next year. Chief Minister Chow Kon Yeow said the project is currently awaiting conditional approval by the Transport Ministry, which would likely be obtained soon. He ... Read More

The Environmental Impact Assessment (EIA) report for the proposed Pan Island Link 1 (PIL1) in Penang has been approved by the Environment Department (DOE). Chief Minister Chow Kon Yeow said the approval was conveyed to the state via a letter from DOE dated April 10, 2019. “With this approval in ... Read More

Penang Chief Minister Chow Kon Yeow has expressed his confidence that the state’s property market will be promising in the near future as the present soft market situation is only a cyclical phenomenon. “The promising future for the Penang’s property market is also supported by the state’s strong economic fundamentals ... Read More

Property Insight is proud to present the fifth edition of the annual Property Insight Prestigious Developer Award (PIPDA) 2019, which will be held at the Shangri-La Hotel on the evening of 3rd May 2019. The award ceremony/gala dinner is supported by the Ministry of Housing & Local Government (KPKT), and ... Read More

A subsidiary of Tambun Indah Land Bhd is acquiring 27 parcels of freehold land in Penang for RM131mil in cash. The group, in a filing with the stock exchange, said it has proposed to provide up to RM3.45mil in shareholders’ advances to its 70%-owned subsidiary, Mustiara Sdn Bhd, to fund ... Read More

NOW IS THE BEST TIME TO PURCHASE YOUR DREAM HOME OR INVEST FOR THE FUTURE! IT’S NO BIG DEAL, JUST BIG SAVING$$$$$!’ S P Setia as the market leader in the property development industry and also Malaysia’s No. 1 & International Award Winning Property Developer has participated in the nationwide ... Read More

The Penang state government has yet to obtain approval for the construction of the light rail transit (LRT) and Pan Island Link 1 (PIL 1) project, chief minister Chow Kon Yeow said today. He was responding to a news report by The Star, which had quoted unnamed sources claiming that both projects ... Read More