PETALING JAYA: SP Setia Bhd will be embarking on a mixed residential development project with a gross development value of RM1.1bil in Penang after acquiring freehold land in the state. In a filing with Bursa Malaysia, the company said it had acquired 21.3 acres in the north-east Penang Island district of Timor Laut ... Read More

Property developer SP Setia Bhd is on the lookout to acquire more strategic pieces of land in Penang in a bid to extend its footprint in the state. Presently, it is looking to buy three parcels of land on the island by the middle of the year. The company, which ... Read More

MAH Sing Group Bhd plans to develop a 1 million sq ft shopping mall for the Southbay City mixed-development project on a 13.7ha site in Batu Maung, Penang, next year. Group chief operating officer Teh Heng Chong said the shopping mall would be positioned to attract shoppers from the northern ... Read More

GEORGE TOWN: Excitement is clearly growing with the state's second Penang Bridge having passed its three-quarter completion mark. Workers on the ground are beginning to have a sense of an ending now that the bridge is taking shape literally. Jambatan Kedua Sdn Bhd construction director Hamizol Ngah said progress on the island's second ... Read More

THE Penang Government has identified a total of 31.16ha of land on the mainland and island for phase two of its affordable housing project. Chief Minister Lim Guan Eng said details of the project would be released after acquiring a report from the Penang Development Corporation (PDC) and other experts ... Read More

KUALA LUMPUR: The responsible lending guidelines issued by Bank Negara for banks since the beginning of this year may have less of a downside impact on loans growth than initially thought, Hong Leong Research said. Hong Leong Research’s banking analyst Low Yee Huap said in a report that the impact ... Read More

A SERIES of activities has been planned to promote Penang beyond the cleaner and greener initiatives. State Local Government and Traffic Ma­­nagement Committee chairman Chow Kon Yeow said they hoped to improve the state from safety and health aspects. “Besides promoting cleaner and greener campaigns, more interactive activities will be ... Read More

BUYING a house will most likely be the biggest single investment in a person's life. But for first-time buyers, going about purchasing a home can be a procedural nightmare, especially without the proper planning or guidance. The following are some simple tips for first-time buyers to consider before ploughing their ... Read More

THE public is advised not to fall prey by paying between RM5,000 and RM10,000 to unscrupulous syndicates which promise to secure low-cost (LC) or low medium-cost (LMC) units. Penang Town and Country Planning, Housing and Arts Committee chairman Wong Hon Wai said several syndicate members were going around promising applicants ... Read More

GEORGE TOWN: Penang has, for the first time, beaten Kuala Lumpur for two consecutive years as the country’s most liveable city, Penang Chief Minister Lim Guan Eng said. Quoting the annual ECA International Location Ratings research, Lim said Penang had maintained its position as Asia’s eighth most liveable city, while ... Read More