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Property News

psr-aerial

Penang CM: No approval on PSR yet

Chief Minister Chow Kon Yeow has clarified that there is no approval yet for a plan to reclaim three man-made islands off the southern coast of Penang island. He said the state government must follow the 18 points of advice set by the federal government. “I did not say that ... Read More
penang-south-reclamation

Federal Government approved Penang South Reclamation project

The National Physical Planning Council (NPPC) has approved the proposed Penang South Reclamation (PSR) project to create three islands off the southern coast of the main island. Penang Chief Minister Chow Kon Yeow, in a brief statement, confirmed that the NPPC had agreed to the implementation of the project as ... Read More
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Air Itam link road to be completed by May 2020

Traffic congestion in Jalan Air Itam and Jalan Thean Teik would ease when the RM3.7 million project to link Jalan Pisang Berangan and Jalan Thean Teik is completed by May next year. Air Itam assemblyman Joseph Ng said the project, financed by Penang Island City Council (MBPP), commenced in March and ... Read More
komtar-lrt

Penang LRT work to start next year

Construction of the proposed Komtar-Bayan Lepas Light Rail Transit (LRT) project, part of Penang's multi-billion ringgit Transport Master Plan (PTMP), is expected to begin next year. Chief Minister Chow Kon Yeow said the project is currently awaiting conditional approval by the Transport Ministry, which would likely be obtained soon. He ... Read More
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Pan Island Link 1’s EIA report approved

The Environmental Impact Assessment (EIA) report for the proposed Pan Island Link 1 (PIL1) in Penang has been approved by the Environment Department (DOE). Chief Minister Chow Kon Yeow said the approval was conveyed to the state via a letter from DOE dated April 10, 2019. “With this approval in ... Read More
Promising future for Penang property market

Promising future for Penang property market

Penang Chief Minister Chow Kon Yeow has expressed his confidence that the state’s property market will be promising in the near future as the present soft market situation is only a cyclical phenomenon. “The promising future for the Penang’s property market is also supported by the state’s strong economic fundamentals ... Read More
land-bought-by-tambun-indah

Tambun Indah buys more land near Pearl City

A subsidiary of Tambun Indah Land Bhd is acquiring 27 parcels of freehold land in Penang for RM131mil in cash. The group, in a filing with the stock exchange, said it has proposed to provide up to RM3.45mil in shareholders’ advances to its 70%-owned subsidiary, Mustiara Sdn Bhd, to fund ... Read More
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S P Setia Home Ownership Campaign

NOW IS THE BEST TIME TO PURCHASE YOUR DREAM HOME OR INVEST FOR THE FUTURE! IT’S NO BIG DEAL, JUST BIG SAVING$$$$$!’ S P Setia as the market leader in the property development industry and also Malaysia’s No. 1 & International Award Winning Property Developer has participated in the nationwide ... Read More
komtar-lrt

No approval yet for LRT/PIL 1 projects, CM clarified

The Penang state government has yet to obtain approval for the construction of the light rail transit (LRT) and Pan Island Link 1 (PIL 1) project, chief minister Chow Kon Yeow said today. He was responding to a news report by The Star, which had quoted unnamed sources claiming that both projects ... Read More
PTMP LRT & PIL

Penang PIL and LRT construction expected to start in June 2020

UPDATE: Penang state government has clarified that no approval for the construction of the light rail transit (LRT) and Pan Island Link 1 (PIL 1) project yet.  The Star learnt that the PIL has received approval from the Depart­ment of Environment – the federal regulator overseeing the Environ­mental Impact Assessment ... Read More