Tambun Indah buys land worth RM150mil in Penang
Tambun Indah Land Bhd's wholly-owned subsidiary, Palmington Sdn Bhd, has proposed to acquire 27 parcels of freehold land in Penang worth RM150 million from TPPT Sdn Bhd. In a filing to Bursa Malaysia, Tambun Indah said the purchase of the land totalling 84.8 hectares would be satisfied by cash. It ... Read More
EcoWorld to buy 190ha land in Penang for RM1.02bil
Eco World Development Group Bhd will take up the offer to buy 190.2ha in Batu Kawan from Penang Development Corp (PDC) for RM1.02bil. PDC is offering the sale of the property to Eco World as the group is the only bidder. It is learnt that PDC will give Eco World ... Read More
MYDIN Wholesale Hypermarket @ Jalan Baru, Prai
If you travelling from Prai to Bukit Mertajam via Jalan Baru, you would probably notice an ongoing construction on your right that stretches over an area of about 200 meters wide. It is the upcoming MYDIN Wholesale Hypermarket, by far the largest in the northern region. Once completed, Jalan Baru is ... Read More
Highest loan rejections for properties in RM200,000-RM500,000 range
Property developers have come out with some hard facts that suggest that the sector is cooling off. According to the first half 2014 Property Industry Survey by the Real Estate and Housing Developers’ Association Malaysia (Rehda), properties in the affordable housing price range below RM1mil have been facing a tough ... Read More
Bulk-buying drives up property prices but not illegal, says D-G
Bulk-buying of houses by investors’ clubs is not a sure-fire way for people to make money as they could lose everything if a deal goes bad. The Urban Wellbeing, Housing and Local Government Ministry’s Housing Department said yesterday there were risks involved for people who joined such investors’ clubs, especially ... Read More
It is mission possible
It took a long time for the Penang Government to start building homes under its affordable housing scheme as it had to save money for the projects, said Chief Minister Lim Guan Eng. He said the state had allocated RM500mil which was generated from the sale of 41.5ha of land ... Read More
Call for more private developers to help build affordable homes
The state government wants more private developers to come on board to build affordable housing units. Penang Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said that with 22,500 affordable units to be built over the next 10 years, private developers should grab the opportunity to be part ... Read More
All eyes on next rate hike
Bank Negara Malaysia is not going to “run the economy to the ground” to achieve low inflation, said governor Tan Sri Dr Zeti Akhtar Aziz. Risks to growth have to be taken into account, too, she said, cautioning that any significant brakes will be the cause for some pausing in ... Read More
More low-cost units soon
THE Penang Development Corporation (PDC) has called for a Request For Proposal (RFP) for the construction of low-cost flats and a mixed develop-ment project on a 5.2ha plot in Ujung Batu, Bagan Dalam in Butterworth. The project will comprise not more than 600 units of low-cost flats with a minimum ... Read More
IKEA anchors RM8b Penang integrated shopping haven to be built in 2015
Developer Aspen Vision Land, IKEA franchisee Ikano Pte Ltd and the Penang Development Corporation (PDC) have entered an agreement for a RM8 billion integrated development in Batu Kawan that will be built around the Swedish furniture icon. The massive project will be headlined by a regional integrated shopping haven anchored ... Read More
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- So anyone who wants to hang out at the road side or a public area...Betul on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
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- @Nancy Mine is 2 cp seaview RM650k. Are you interested? I will contact you if...Jes on Affordable Housing @ The Zen
- @Loo I'm interested to your house, could you pm more detail to 88nancyloh@gmail.com ...Nancy on Affordable Housing @ The Zen
- @Best better buy Zen6 the luxury condo RM720K with 2-3 car parks. haha ...Nancy on Affordable Housing @ The Zen
- I'm serious buyer and interested to buy your A1 high floor seaview (eventually i know...Nancy on Affordable Housing @ The Zen
- @PWK Hi PWK, i haven't received your email, are you still selling public unit at...Nancy on Affordable Housing @ The Zen
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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
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- Penang World City
- PIA Expansion
- Silicon Island
- Teluk Bahang Wellness Resort
- The Ship Campus (ALC College)
- The Top @ Komtar
- Wellness City of Dreams