Property News
Penang makes it compulsory for developers to install fibre optic infrastructure in new developments
The Penang state exco has approved a requirement for developers to install fibre optic telecommunications infrastructure in new development projects, said state exco Zairil Khir Johari. The Infrastructure and Transport Committee chairman said it is now compulsory for developers to comply with this requirement for any new development projects in ... Read More
SITE PROGRESS: Metropol (Dec 2020)
About Metropol A mixed development by Ramana Property at Bandar Perda in Bukit Mertajam. It is located near Jalan Perda Utama roundabout, featuring less than 10 minutes drive from Penang bridge. Featuring 326 residential units with built-up size ranging from 810sq.ft. to 1,845sq.ft. Amenities such as schools, hypermarket, banks, shopping malls, ... Read More
Penang ferries to stay, says Finance Minister
Finance Minister Tengku Zafrul Aziz says the government will ensure that Penang’s iconic ferries will remain in service for now. He told the Dewan Rakyat today the RM30 million allocated by the Pakatan Harapan government for Penang Port Sdn Bhd (PPSB) to maintain the ferry services will be channeled in ... Read More
MBPP appoints independent checker to conduct TIA
The Penang Island City Council (MBPP) has appointed an independent checker to carry out the Traffic Impact Assessment (TIA) for developers in the Penang island. According to MBBP mayor Datuk Yew Tung Seang, Lean Kok Woei from Perunding Trafik Bakti Sdn Bhd will be council’s official consultant effective from January ... Read More
Penang’s car ferry service to cease on Dec 31, will only carry pedestrians, motorcycles and bicycles from Jan 1
Penang’s iconic ferries are going to be retired on Dec 31. They will be replaced by “fast ferries” similar to the ones used in Langkawi from Jan 1. With this move, commuters using cars to travel between the mainland and the island will no longer be able to take the ... Read More
Ivory Properties buys Copthorne Orchid Hotel for RM75m cash
Ivory Properties Group Bhd has acquired Copthorne Orchid Hotel & Resort in Penang for RM75 million cash to expand its land bank and strengthen its foothold in the property market there. The hotel sits on a parcel of freehold land measuring at 2.5 acres, and has ceased operations. Ivory Properties ... Read More
Becoming a smart city the best bet for George Town
Established as an entrepôt in 1786 by the East India Company’s Francis Light, George Town was the first British settlement in Southeast Asia. Today, it is the capital of Penang. The city of George Town includes the Bayan Lepas Free Industrial Zone, a high-tech manufacturing hub called the “Silicon Valley ... Read More
SITE PROGRESS: The Amarene (Dec 2020)
About The Amarene Part of Ideal Vision Park development by Ideal Homes in Bayan Lepas, Penang. This development is strategically located along Jalan Tun Dr. Awang, adjacent to Tree Sparina condominium. It is just a mere minutes drive to Straits International School and Penang International Airport. Featuring a 35-storey condominium that ... Read More
Mengkuang Dam reopens to public after nine years of closure
The Mengkuang Dam in Bukit Mertajam, which was closed since 2011 to make way for its expansion project, has been reopened to visitors for recreational activities yesterday. With its reopening to the public after closing for almost a decade, Buletin Mutiara spoke to a few people when conducting checks at the ... Read More
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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