IJM Land Bhd, the property development arm of IJM Corp Bhd has seen 70% of its Waterside Residence at The Light in Penang taken up over its launch last weekend. “Buyers at the new condominium are mainly locals and are capitalising on the strategic location and upcoming surrounding lifestyle amenities ... Read More

An estimated 0.5km-long underpass may be constructed from Krystal Point in Bayan Lepas to somewhere nearby the Kompleks Bukit Jambul to facilitate traffic flow and solve traffic congestion in the area. The consultant of Hunza Properties Berhad is preparing to submit a planning permission to the Penang Island City Council ... Read More

M Summit Group recorded a new milestone through its latest project combining luxury with affordability in an exciting way for Penangites. They are the first private developer to take on Penang’s affordable housing scheme and taking it on “in style”. Ideally located with panoramic seaview and lush greenery Ramah Pavilion, comprises ... Read More

Eco World Development Group Bhd (EW Bhd) and the Employees Provident Fund Board (EPF) will jointly develop 375 acres of prime land in Batu Kawan, Penang into two townships. The combined gross development value of both townships is about RM7.76bil. EW Bhd, which had inked a conditional subscription and shareholders’ ... Read More

The Business Processing Outsourcing Prime (BPO Prime) and Penang International Technology Park (PITP) projects worth a combined RM11.3 billion, which involve the Penang Development Corp (PDC) and Singapore’s Temasek Holdings Private Ltd, have been deferred due to current property market conditions. The BPO Prime project with a gross development value ... Read More

BMT Jelas Sdn Bhd has started preliminary works for the proposed RM4.6bil expressway that will connect Jelapang in Ipoh to Batu Kawan in Penang. The 116 km expressway, named Jelapang-Selama-Batu Kawan Expressway (Jelas), is anticipated to be completed within three years upon obtaining approval from the federal government. In a ... Read More

Homeownership has become easier after Projek Perumahan 1Malaysia (PR1MA) enlarged the eligibility pool. Prime Minister Datuk Seri Najib Abdul Razak said the income cap has been increased from RM10,000 to RM15,000 to allow more people to purchase their own homes. He said this was part of efforts to lower the ... Read More

IKEA Penang will be the forth IKEA store in Malaysia and the second one outside of Klang Valley after Johor Bahru. Located in Batu Kawan, the construction of the new IKEA store is scheduled to start in early this year and to complete by late 2018. Despite an official announcement was done ... Read More

Hunza and Ideal to come up with RM13bil schemes The south-west district of Penang island will attract RM20bil worth of new residential and commercial projects over the next five to 10 years. About RM13bil worth of projects are new ones planned by Hunza Properties Bhd and Ideal Property Sdn Bhd, ... Read More

Work on the alternative road linking Lebuhraya Thean Teik in Bandar Baru Air Itam to Lebuh Bukit Jambul in Penang is progressing on schedule. The 6km-long paired road via Jalan Bukit Kukus is 27.5% complete, said state Local Government, Traffic Management and Flood Mitigation Committee chairman Chow Kon Yeow. “The ... Read More