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News & Articles

Penang bridge view

Property market remains soft in 2020, sees better outlook on affordable housing in 1H 2021

The property market remains soft this year. This is despite the cautious optimism towards the nation’s projected gradual economic recovery, with the resumption of market activity under the recovery movement control order and the proposed measures under the National Economic Recovery Plan (Penjana). The pace of improvement will be dependent ... Read More
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One out of three PR1MA projects cancelled in Penang

The government, via the Housing and Local Government Ministry (KPKT), disbursed RM172 million as compensation for 17 cancelled 1Malaysia Housing Programme (PR1MA) projects. KPKT Minister Zuraida Kamaruddin said the full settlement of the compensation, which includes the pre-development, labour and delay costs, for all 32 cancelled projects is expected to ... Read More
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Penang Bay International Ideas Competition receives huge response

The Penang Bay International Ideas Competition has received a total of 79 entries from participants in almost 20 countries. The closing date was Oct 19 this year. The competition that was open to architects, landscape architects and urban planners around the world was launched by Chief Minister Chow Kon Yeow ... Read More
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CMCO to end in Penang tomorrow except two sub-districts, EMCO only in target areas

The Penang Government had expressed its thanks to the National Security Council (MKN) Special Session on COVID-19 for considering the proposal made by the Penang State Security Special Committee (JKKNPP). Chief Minister Chow Kon Yeow said JKKNPP on Dec 3 had made an application for the implementation of the Conditional Movement Control Order (CMCO) in ... Read More
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Strata Condominium Disputes and How to Make a Claim at the Tribunal in Malaysia

By Sr. KC Law While living in a condominium has its advantages, such as having cool facilities to use, it surely has its disadvantages. The below 2 situations may sound familiar to you - The occurrence of water leakages from your upstairs neighbour’s washroom causing your condo ceiling to have ... Read More
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SITE PROGRESS: Setia Fontaines (Dec 2020)

About Setia Fontaines 1,675-acres freehold township development by S P Setia at Bertam. Strategically located adjacent to Bandar Putra Bertam, less than 25 minutes drive to Penang bridge and Butterworth. It features two residential collections, offering park homes of single and double-storey terrace, cluster, semi-detached and bungalow houses. Lush greenery and ... Read More
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Penangites in favour of LRT plan

Stakeholders in Penang, championing for a better public transportation system, and Penangites at large are still looking forward to the Bayan Lepas Light Rail Transit (LRT) project to be materialised. The RM9.5bil project has been dealt a blow after Putrajaya withdrew its RM2bil government guarantee for the state government to finance ... Read More
komtar-lrt

Penang LRT project to go on with other financing options

Penang will not give up on its proposed Light Rail Transit (LRT) project despite Putrajaya withdrawing its guarantee, said Chow Kon Yeow. The Penang chief minister said the state will continue with its LRT project as it generally has several other financing options to fund projects under the Penang Transport ... Read More
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Not enough low-cost housing to meet the demand in Penang Island

State Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo, said that as of 30 September, there were 3,866 applicants in the Southwest District waiting for the allocation of low-cost housing, but there were only 1,175 low-cost housing units (RM42,000) available waiting to be allocated. He said that the above project ... Read More
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Putrajaya pulls back govt guarantee for Penang’s RM2b loan to finance LRT project

Putrajaya has decided not to proceed to grant a government guarantee for a US$500 million (RM2.04 billion) loan application by Penang to partly finance its RM9.5 billion light rail transit (LRT) project. Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said the decision was in line with the revised ... Read More