News & Articles
Stringent hill site development guideline controls development on slope land in Penang
For many years, Penang has been restricting and controlling developments which are conducted on slope land. Chief Minister Chow Kon Yeow said developments were not allowed on Class Three and Four slopes and if earthworks were necessary, they had to comply with various geotechnical requirements. “We have been doing this for ... Read More
Penang Hill cable car project is on
The much-talked about cable car project for Penang Hill is set to become a reality. Chief Minister and Penang Hill Corporation (PHC) chairman Chow Kon Yeow said Hartasuma Sdn Bhd, a homegrown pioneer in the local rail industry, has successfully won the bid for the cable car project. He said ... Read More
Simmtech to accelerate Penang 2nd phase of expansion
South Korea-based manufacturer Simmtech is set to accelerate the expansion of its production line in Penang with a second phase investment of US$50 million (U$1 = RM4.4250), expected to be completed by the first quarter of 2023. The company is a producer of semiconductor packaging substrates and high-value printed circuit ... Read More
SITE PROGRESS: The Zen (Dec 2022)
About The Zen A mixed development by Asia Green at Bayan Mutiara. It is located next to Tun Dr. Lim Chong Eu Expressway, just a short drive away from the ongoing Penang World City township development by Tropicana Ivory. This development comprises a 46-storey skyscraper with two residential towers, and shop ... Read More
Iconic Regency – Fully furnished serviced suites, limited units left!
Iconic Regency is a freehold development nestled within the established commercial district and residential neighbourhoods for both local and expatriates in the middle of Sungai Nibong, Penang. Iconic Regency is linked to the Iconic Hotel – 4-star business class hotel and within walking distance of the proposed LRT Station. The ... Read More
Penang sets 2024 to kick-off water taxi service
If all goes well, Penang will have the country's first proper water taxi service in 2024. State Infrastructure and Transportation Committee chairman Zairil Khir Johari said both the state government and the Penang Island City Council (MBPP) always had the intention to provide the water taxi service, especially on the ... Read More
SITE PROGRESS: Vivo Executive Apartment (Dec 2022)
About Vivo Executive Apartment A serviced apartment within Aspen Vision City township development at Batu Kawan. It is strategically located next to the upcoming Integrated Shopping Mall, walking distance to the Central Island Park. The units will be built complete with communal co-sharing working space and a social kitchen to support ... Read More
Experience a Magical Christmas @ Hunza Candyland on 17 Dec
This coming Christmas, magical wonders await at PICC Sales Gallery! Hunza Candyland is a must-see highlight to unforgettable sights in Penang, where the enchanting Candy-themed displays are bound to transport you into a fairy tale of your own. Hunza Candyland will be happening on Date: 17 December 2022 (Saturday) Time: ... Read More
Property sector improved in 2022 but high material cost and labour shortage remain a concern
The real estate sector saw improvement both in terms of transactions and value this year compared with 2021, supported mainly by the resumption of economic activities across the board and the reopening of the country's international borders. The National Property Information Centre (NAPIC), which comes under the Valuation and Property ... Read More
SAVANA @ Utropolis Batu Kawan Christmas Event 2022
Season's Greetings from Paramount Property! Come celebrate a joyous Christmas with Paramount on the 10th & 11th of December 2022 at the new SAVANA show unit ... Read More
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