KUALA LUMPUR: Deputy Prime Minister Tan Sri Muhyiddin Yassin has questioned the logic behind the proposed third link between Penang island and the mainland, warning it may end up being a waste of funds. “It is up to the Penang Government to decide on this project. But I must caution them against ... Read More

KUALA LUMPUR (Nov 15): The Penang government has proposed to undertake four road infrastructure projects worth up to a combined RM8 billion to reduce traffic congestion in the state. The move is deemed crucial to manage transportation needs of an expanding population there amid higher tourist arrivals, Chief Minister Lim ... Read More

KUALA LUMPUR, Nov 14 — The Penang government today announced an ambitious RM8 billion plan to construct four major road and tunnel projects that aim to reduce traffic congestion in the state. Touting it as the state government’s biggest infrastructure exercise to date, Penang Chief Minister Lim Guan Eng said ... Read More

PETALING JAYA: Dijaya Corp Bhd and Ivory Properties Group Bhd shares were up after the companies announced a tie-up for a mixed-property project with a gross development value of RM10bil in Bayan Mutiara, Penang. Dijaya rose 3.6%, or 5 sen, to RM1.44 while its warrants advanced 6.5%, or 3 sen, ... Read More

GEORGE TOWN (Nov 13, 2011): The recently unveiled 'Penang World City' planned on reclaimed land south of the Penang Bridge with an estimated gross development value of RM10 billion is subject to Environmental Impact Assessment (EIA). In asserting this, Chief Minister Lim Guan Eng also clarified that the beach along ... Read More

THE Penang Government is allocating RM500mil, generated from the sale of a 41.5ha prime site along the Tun Dr Lim Chong Eu Expressway on the island, to set up an Affordable Quality Homes Fund. Chief Minister Lim Guan Eng said the allocation was consistent with the state government's commitment towards ... Read More

Dijaya Corp Bhd and Ivory Properties Group Bhd will jointly develop a land in Penang that could generate RM10 billion in gross development value. The project in Bayan Mutiara, Penang, will be undertaken by a joint-venture company called Tropicana Ivory Sdn Bhd (TISB). Dijaya will hold 49 per cent of ... Read More

KUALA LUMPUR (Nov 11): Dijaya Corporation Bhd and Ivory Properties Group Bhd have signed a joint venture (JV) agreement to develop mixed residential and commercial properties in Penang with a gross development value (GDV) of RM10 billion. In a joint statement on Friday, the two companies said the development will ... Read More

GEORGE TOWN: The state government should consider building low medium-cost (LMC) units on the island instead of pushing such projects to the mainland. State Gerakan Housing bureau chairman Quah Kooi Heong said that to date, Chief Minister Lim Guan Eng had only announced one notable LMC project, which is the ... Read More

PETALING JAYA: Demand for luxury residential properties is expected to turn cautious, given greater economic uncertainties and a tightening of credit by banks, DTZ Research said in its latest Property Times market report. In the report for Kuala Lumpur for the third quarter, the research house said there would be ... Read More