The Local Plans (LP) for districts on Penang Island and Seberang Prai are expected to be finalised and gazetted by 2017 according to Penang Housing, Town and Country Planning Committee chairman Jagdeep Singh (pix). He said the only outstanding Special Area Plan (SAP) left was the Botanical Gardens SAP which ... Read More

Property developers are expected to register another year of slow performance in 2017 amid a lack of catalysts for the segment, as cooling measures introduced by the central bank to rein in speculation continue to be the main hurdle for property companies. Kenanga Investment Bank Bhd analyst Sarah Lim said ... Read More

The year-end holiday season has turned into an unpleasant time for a family in Batu Maung - their neighbour operates a homestay and receives busloads of visitors at odd hours of the day. Housewife Idah, 53, said that in a span of 10 days, four busloads of people arrived at ... Read More

Tambun Indah Land Berhad has made its mark in thriving southern Seberang Prai in Penang with its flagship township of Pearl City. Designed to foster communal living, the 1,140-acre integrated undertaking in Simpang Ampat is optimally situated near the Bukit Tambun North-South Highway interchange and the second Penang Bridge. The ... Read More

SP Setia Bhd is acquiring five parcels of land measuring a total of 677.8ha in Seberang Perai Utara, Penang from Boustead Plantations Bhd (BPB) for RM620.12 million in cash. In a filing with Bursa Malaysia today, S P Setia said its wholly-owned subsidiary Setia Recreation Sdn Bhd had entered into ... Read More

The Campbell Street market will undergo a major upgrade next year to give it a new lease of life. The century-old market, located at the junction of Campbell Street and Carnavon Street, has experienced a drop in business in recent years as the building’s structure deteriorated over the years. After ... Read More

Eco World Development Group Berhad [EW Berhad or EcoWorld] celebrated the most wonderful time of the year at its EcoWorld Gallery @ Eco Meadows with a special runway collection of bridal gowns in conjunction with the Group’s on-going Let Love Snow Christmas celebrations. The fashion parade was set up by ... Read More

Assumptions that the world is flat and people would fall over the edge if they went to the end of the horizon disappeared over 3,500 years ago because that non-existent edge gets farther as people climbed higher. Stand at sea level and your horizon is 4.7km away. But on Level ... Read More

Affordable housing has been the key growth driver for Penang residential property sector in the past two years. Today there are already 17 projects under construction while at least 26 more are in the pipeline. Aiming to stimulate the sale of affordable housing, the developers are allowed to sell 30% of ... Read More

Penang property owners will receive massive savings on their assessment rates for next year, the Pakatan Harapan state government announced today. Chief Minister Lim Guan Eng said low- and medium-cost homeowners as well as those living in kampung houses will be fully-exempt from payment while other property owners, including commercial, ... Read More