THOSE looking for a green haven away from the hustle and bustle of city life should consider Sunway Cassia in Batu Maung. Developed by Sunway Berhad, the sprawling, freehold residential project spans 9.36ha (23.13 acres) and is strategically located near the second Penang bridge and the Penang International Airport. According ... Read More

PENANGITES living on the mainland have called on the authorities to correct the misconception that the state comprises only an island, excluding the mainland part of the state. Health counsellor Sanjay C.S, 38, and Universiti Sains Malaysia (USM) doctorate student Shamsher Singh Thind, 34, said it was disappointing that the ... Read More

GEORGE TOWN: Eligible folk will now be able to own a 700sq ft low medium-cost (LMC) flat in the city. A total of 1,320 units of LMC and medium-cost (MC) flats will be built on a 2.91ha land in Jalan S.P. Chelliah under the state’s People’s Housing Project (PPR). Komtar ... Read More

IMPACTED by high-land cost in Penang, Ivory Properties Group Bhd will focus on building high-rise properties on the island. Group chairman and chief executive officer Datuk Low Eng Hock says the price of landed properties may be beyond the affordability of most due to exorbitant land prices. ”We hardly come by a big parcel ... Read More

THE RM2.1bil seafront Southbay City project in Batu Maung, Penang, is scheduled for completion in 2018. It comprises a shopping mall of 1mil sq ft and a five-star hotel that will further boost the property value of the south-west district of the island. The project has a 60% residential component ... Read More

GEORGE TOWN: SP Setia Bhd is projecting its Penang properties would generate about 15% or about RM500mil of the company's 2012 revenue, expected to be about RM4bil. SP Setia Property (North) general manager Datuk S. Rajoo said that the developer's key contributing projects in Penang included Setia V Residences, Setia Triangle, Pearl Villas and ... Read More

UDA Land (North) Sdn Bhd plans to launch a RM650mil condominium project on a leasehold site in Tanjung Tokong in the first quarter of next year in view of the strong demand for high-rise residence in prime locations and the changed perception towards leasehold properties among Penangites. UDA Land chief operating officer ... Read More

PETALING JAYA: While house buyers are seeking more affordable homes, developers do not want to be bound into building low- and medium-cost homes. In its memorandum to the Finance Ministry, Real Estate and Housing Developers Association (Rehda) said it wanted to develop affordable homes in line with the increased household ... Read More

THE Star Property Fair 2012 from July 12 to July 15 looks set to be a highly visited event with representatives from 40 property developers in-cluding major players like IJM Land Berhad and SP Setia Group attending a briefing. IJM sales and marketing assistant manager Wan Zahrah Wan Abdullah said ... Read More

GEORGE TOWN: Ivory Properties Group Bhd (IPGB) plans to launch RM1.6bil worth of properties on Penang island in the second half of 2012. IPGB executive director and chief operating officer Murly Manokharan said these projects comprised the first phase of Bayan Mutiara, which has a gross development volume (GDV) of ... Read More