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Property News

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PR1MA and Ideal to jointly affordable housing at Gelugor

Ideal United Bintang International Bhd's wholly-owned subsidiary Ideal Capital Venture Sdn Bhd had today signed a head of terms with PR1MA Corp Malaysia to jointly develop RM828.6 million worth of properties at Penang's Bandar Gelugor. In a statement to Bursa Malaysia today, Ideal United said Ideal Capital and PR1MA plans ... Read More
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SITE PROGRESS: Forest Ville (Jan 2020)

About Forest Ville A twin towers freehold project by Ideal Property Group in Bayan Lepas, Penang. Located on an 11-acre land, the two towers were part of One Foresta affordable housing scheme located along Lengkok Kelicap. It comprises 991 condominium units with size ranging from 1,000 sq.ft. to 1,050 sq.ft. Schools, financial ... Read More
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5 blocks of foreign workers’ hostel to be built at Bukit Minyak

The Penang Development Corporation (PDC) today announced that it would be leasing a piece of 2ha land in Bukit Minyak near Bukit Mertajam to a company to build a foreign workers’ hostel. Penang Chief Minister Chow Kon Yeow said the RM250 million hostel would primarily cater to the booming Batu ... Read More
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Grace Harmony affordable project breaks ground today

Penang will continue to ensure there is an adequate supply of affordable homes. This assurance was given by state Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh during the ground-breaking ceremony of the ‘Grace Harmony’ housing project this morning. He also stated that the state government would keep ... Read More
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SITE PROGRESS: Woodsland Park (Jan 2020)

About Woodsland Park A freehold affordable housing development by PTL Properties Sdn. Bhd. near Jalan Betek in Bukit Mertajam. It is strategically located next to Taman Sungai Rambai, just a stone’s throw away from SJK(C) Keow Kuang Primary School. Amenities such as schools, markets, banks, shopping malls, and eateries are only ... Read More
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SITE PROGRESS: M Vista @ Southbay (Jan 2020)

About M Vista @ Southbay A low density residential development by Mah Sing Group, part of the company’s Southbay township development at Batu Maung. It is located just a stone’s throw away from Free Trade Zone, less than 5 minutes drive to Penang Second Bridge. This development features 237 residential units ... Read More
HOC sold RM1.64b worth of Penang houses in 2019, no plan to continue this year

HOC sold RM1.64b worth of Penang houses in 2019, no plan to continue this year

The Home Ownership Campaign (HOC) 2019 cleared some RM23.2 billion worth of houses, surpassing the initial target of RM17 billion. Housing and Local Government Minister Zuraida Kamaruddin (picture) said the programme managed to clear 31,415 residential units developed by federal and state governments, and private builders. “This is above our ... Read More
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Sustainable development for coastal cities

The urban population of the world has grown to 4.2 billion in 2018 and 54% of the world’s urban population resides in Asia. Despite its relatively lower level of urbanisation, it is where the world’s most densely populated cities are located. Combined with the impacts from global climate change and ... Read More
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Vivo Executive Apartment to start work next month, expected to complete by April 2023

Kerjaya Prospek’s wholly owned subsidiary Kerjaya Prospek (M) Sdn Bhd has accepted a letter of award worth RM617 million from Aspen Vision City Sdn Bhd to develop a proposed apartment project known as “VIVO” and “VIIO” in Penang. Aspen Vision City is an indirect subsidiary of Aspen (Group) Holdings Limited ... Read More
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Aspen Group to develop residential management platform

Penang-based Aspen Group, a property development and real estate investment group, is looking into developing a digital platform for the Vertu Resort residential development management team in Batu Kawan, Penang to prevent their units from being used for AirBnB. The Vertu Resort, a resort-inspired residential development, is one of Aspen’s ... Read More