Various plans to boost property sales
The Penang government has agreed in principle that the 20% surcharge for affordable housing units sold in the northeast district will be reduced to 10%. State Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo told International Real Estate Federation (FIABCI) Penang branch members that this was to invigorate ... Read More
The Blooming of Batu Kawan
Batu Kawan, situated at southern part of Seberang Perai is the new branding in the making. A decade ago, it was not a place where people would want to visit. An empty land, it was. However, a makeover took place when the Government chose Batu Kawan as the mainland site ... Read More
Eco Horizon to buy land in Batu Kawan for RM620m
Eco Horizon Sdn Bhd, a wholly-owned unit of Eco World Development Group Bhd, has signed a conditional agreement with Batu Kawan Development Sdn Bhd (BKDSB) to acquire a piece of land in Seberang Prai, Penang, for RM681.99 million. In a filing to Bursa Malaysia on Tuesday, Eco World said its ... 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
Poring over Penang Transport Master Plan
Members of the Penang Transport Council (PTC) have been divided into two working groups to study the Penang Transport Master Plan (PTMP). Its chairman Chow Kon Yeow said one group would study the transport issues of the PTMP while another group would study the master plan of the three proposed ... Read More
Demand from first-time buyers still strong
Instead of blowing their cash on pricey gadgets, young Malaysians are saving up for their first home. While most Gen Y shy away from owning property in developed countries and big cities, demand from millennials here is still holding, especially with parents assisting them with the downpayment, Real Estate and ... Read More
Prices in Penang move sideways in the first quarter
The Penang housing market moved sideways on both the primary and secondary markets in the first quarter of the year, says Michael Geh (pictured), director at Raine & Horne International Zaki + Partners. “I noted active transactions on the secondary market with prices staying flat,” he says in presenting the ... Read More
Eco World eyes Batu Kawan land for RM6bil project
Eco World Development Group Bhd is said to be eyeing a 300-acre leasehold site in Batu Kawan for a RM6bil mixed development project to be launched next year. Sources told StarBiz that the group could fork out up to RM700mil for the property, estimated at over RM50 per sq ft ... Read More
Firm claims mistakenly said Penang tunnel study on hold
The feasibility study for the controversial RM6.3 billion undersea tunnel is proceeding and expected to be done in six months' time, said Datuk Zarul Ahmad Mohd Zulkifli when correcting his statement to the contrary. The Consortium Zenith BUCG chairman today claimed he mistakenly told the media in Kuala Lumpur yesterday ... Read More
Penang undersea tunnel project on hold
The Penang government has put a stop to the feasibility study on the proposed 7.2km undersea tunnel linking Penang to Butterworth. Consortium Zenith BUCG Sdn Bhd’s (CZBUCG) chairman Datuk Zarul Ahmad Mohd Zulkifli said the company had stopped its feasibility study for the undersea tunnel following a request by the ... Read More
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- @Woon In my opinion, there are a lot of cons for Queens. Bad security, noisy...Zul on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
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- @Islander The moment you say "Location means almost nothing in Penang" already show, whatever you...Krie on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
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- @Islander believe still have, example as below, might not tick all of your list but...Ashraf on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
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- Affordable Housing (Penang Island)
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