Penang-based Aspen Group has set a sales target of RM1 billion this year after recording sales of RM900 million last year. Aspen Group CEO Datuk M Murly (pictured) said the target will be achieved through four launches worth more than RM2 billion this year, including its maiden venture outside the ... Read More

Looking back at 2015 2015 was certainly a challenging year for property developers. Various cautionary signals continued to influence the market sentiments. This is evidenced by the consecutive quarter-on-quarter decline in the residential property transactions since 2013. The decline in transactions was particularly obvious for residential property in the island ... Read More

No choice but to reclaim land to fund transport plans in Penang Over the past seven years, the DAP-led Penang government has had to endure criticism from various quarters over many of the changes introduced in the state. Among them are the proposed undersea tunnel and highway projects and more ... Read More

If you are buying your first home in the South-West district of Penang, you may be interested to find out how are these two affordable housing projects compared to each other. Ramah Pavilion One Foresta Developer M Summit Group Ideal Property Group Location Teluk Kumbar Sungai Ara Standard unit size ... Read More

Ewein Bhd's (Ewein) unit, Ewein Zenith II Sdn Bhd, has inked a sale and purchase agreement (SPA) with Consortium Zenith BUCG Sdn Bhd (CZBUCG) to acquire a 1.79-hectare freehold land in Section 1, Bandar Tanjong Pinang, Penang for RM162 million. In a statement, Ewein said RM16.2 million would be deposited ... Read More

Five developers will undertake RM4.33bil in property projects in Penang next year despite a challenging year for the property market. The developers planned to price their mostly residential properties from between RM480,000 and RM3.3mil. The price range came on the heels of this year’s launches of between RM200,000 and RM400,000 ... Read More

Affordable housing is no longer a new topic for potential home buyers. So many yet it could be so few that is suitable. Today, let's take a stroll into comparing the two most popular affordable housing projects in the north east district of Penang Island. Both projects are located within ... Read More

The people of Seberang Prai will have a say in the RM27bil Penang Transport Master Plan, said Chief Minister Lim Guan Eng. “The plan will affect them. They must have a say and voice out whether they want it or not. “If they reject the plan, it will not be ... Read More

The business community in Penang hopes the ambitious RM27bil Penang Transport Master Plan (PTMP) materialises, stating that it would ease the growing traffic congestion on the island part of the state. This was a contrast to voices of concern raised by some quarters on the risks of PTMP that would ... Read More

More rail access for Penang The planned light rail transit (LRT) linking the island and the mainland will be connected to two other train services planned for the state. This proposed fourth link across the sea will have interchange stations in Gelugor on the island and Taman Supreme on the ... Read More