The Penang housing market is maturing, says Michael Geh, director at Raine & Horne International Zaki + Partners. The data shows that in the third quarter, properties in the secondary market showed little price movements, compared with the previous quarter and the year before. “I would consider this a mature ... Read More

The proceeds from the contributions of developers exempted from building affordable housing will be used for low cost and low medium cost housing projects in the state. State Houisng, Town and Country Planning and Housing Committee chairman Jagdeep Singh Deo (pix) said the funds would be used for projects in ... Read More

Eastern and Oriental Berhad (E&O) treated some 150 of its loyal customers to an exclusive preview of its new Amaris Terraces By-The-Sea in Penang. Guests were first briefed on the project at the E&O Sales Gallery in Seri Tanjung Pinang before being whisked away for a tour of the impressive ... Read More

Penang’s latest track of outlet stores will be opening in just under five days at Batu Kawan. The Design Village, also known as Penang Premium Outlets, will house dozens of luxury brands on a 28 acres of land. The outlet mall will be opening on 23 November @ 6PM. Here is the ... Read More

Marking the Group’s inaugural entry into Penang’s property market, Hua Yang Berhad (“Hua Yang” or the “Group”), a leading property developer in the affordable housing sector, introduced Meritus Residensi today. Established in 1978, the Group today is recognised as one of the nation’s leading property developers in the affordable housing ... Read More

The Penang government does not have any intention to table an enactment to limit foreigners from buying pre-war buildings in its world heritage zone, state executive councillor Jagdeep Singh Deo said today. The housing development and town and country planning committee chairman added that it is not possible to table ... Read More

Paramount Property, the property development division of public-listed Paramount Corporation Berhad (Paramount), today marked its debut in the Penang property market with the unveiling of Utropolis Batu Kawan, Penang’s first university metropolis. Utropolis Batu Kawan mirrors the successful, award-winning university metropolis concept first introduced by Paramount at its Utropolis Glenmarie ... Read More

The proposed paired road from Tanjung Bungah to Teluk Bahang will reduce the travelling time between the two places by more than half, said project director Mazlan Ali. He said it now took about 20 minutes to drive on the 10.9km existing stretch from Tanjung Bungah (where Jalan Lembah Per-mai ... Read More

Aspen Vision City Sdn Bhd (AVCSB) is set to launch its first landed housing at Aspen Vision City in Bandar Cassia, Batu Kawan, Penang next year. AVCSB is a subsidiary of Aspen Vision Land Sdn Bhd (AVLSB) while AVLSB is a subsidiary of Aspen Vision Development Sdn Bhd (Aspen Group) ... Read More

The three paired roads proposed as part of the RM6.3 billion undersea tunnel project could be delayed further due to land and environmental assessment issues, said state executive councillor Lim Hock Seng. “This package was supposed to start first but we found that the lands that was previously acquired by ... Read More