Property News


KPKT plans two PPR in Penang

The Housing and Local Government Ministry (KPKT) plans to implement two People’s Housing Projects (PPR) in Penang under the 12th Malaysia Plan, said its minister Datuk Seri Reezal Merican Naina Merican. He said compared with others states, the number of PPR houses in Penang was still very low, with the ... Read More

Penang Housing Board ready to start its first affordable housing project in Bayan Baru

The Penang Housing Board, which came into full operations in January this year, is set to kick start its first affordable housing scheme in Bukit Gedung, Bayan Baru. State Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the project is expected to have its groundbreaking ... Read More

SITE PROGRESS: Valencia Residence (Sept 2021)

SHOW GALLERY 360 VIRTUAL TOUR [View in FULL SCREEN] About Valencia Residence Affordable yet luxuriously comfortable, Valencia Residence nestled within a friendly neighborhood with a myriad of cultures and ethnicities. It is conveniently located with an abundance of nearby amenities which include international schools, hospital, golf course, and malls. With ... Read More

Construction workers in Penang must undergo fortnightly Covid-19 testing from October

Construction workers will have to undergo Covid-19 testing at least once every two weeks following a new rule enforced by the Penang Island City Council, says its mayor Datuk Yew Tung Seang. He said beginning from October, construction companies will be required to submit the test results of their workers ... Read More

Penang Hill cable car project is still in the plan

The proposed Penang Hill cable car project does not affect the Unesco recognition of the Penang Hill Biosphere Reserve, says state Local Government, Housing, Town and Planning Committee chairman Jagdeep Singh Deo. He said many areas which have been listed as Unesco biosphere reserves throughout the world have cable car ... Read More

Aspen Group Kicks Off a Limited Flash Deals in its Craze Race Campaign

The award-winning and forward-looking property developer, Aspen Group is creating a sensation in the property market by offering unbelievable flash deals on exclusive units of its completed projects for a limited period of time as part of its Craze Race Campaign. The Craze Race Campaign that started on 9th September ... Read More

Esplanade seawall project to be completed by Q1 next year

The seawall restoration project at the Esplanade would be completed in the first quarter of next year while the Fort Cornwallis moat reinstatement project, which would be implemented next year, would be completed in 2024. YB Jagdeep mentioned this during a press conference on the current status of the Penang Hill Special ... Read More

SITE PROGRESS: Queens Residences (Sept 2021)

About Queens Residences Luxury waterfront development by Ideal Property Group at Bayan Bay with gross development value (GDV) of RM600mil. This development is located in front of BayStar Condominium, just stone’s throw away from Queensbay Mall. Find out more about Queens Residences Register your interest here to keep yourself updated with ... Read More

Gurney Wharf physical works scheduled to start at the end of this year

The physical works of the Gurney Wharf project are expected to start in the fourth quarter of this year and it would take three years to complete. Penang Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said initially the works on the project were supposed to ... Read More
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EcoWorld Malaysia surpasses full-year sales target in 10 months

EcoWorld Development Group Bhd (EcoWorld Malaysia) reported robust sales growth in the third quarter ended July 31 (Q3’21), boosted by its success in converting digital leads into purchases during the MCO lockdown period. EcoWorld Malaysia recorded RM2.873bil sales in Q3’21 and by Aug 31, sales had reached RM3.11bil. Sales increased ... Read More