Property News


Ewein aborts JV to develop City of Dreams 2 with Consortium Zenith

Ewein Bhd is terminating a joint venture agreement with Consortium Zenith Construction Sdn Bhd (CZC), under which the partners had initially agreed to jointly undertake the development of The City of Dreams 2 — a luxury condominium project — on a plot of land in Penang. The group first announced ... Read More

Ivory Properties buys land opposite Queensbay Mall for RM670psf

Ivory Properties Group Bhd has acquired two pieces of adjoining land in Penang, for RM142.79 million where it aims to develop commercial space and service apartments. The Penang-headquartered property developer said the 19,800-sq-metre freehold land was located strategically in the established neighbourhood of Bayan Lepas directly opposite Queensbay Mall, the ... Read More

Double benefits with Paramount’s PrioritY Package and HOC 2020

Owning your dream home is now senang jer with Paramount Property's PrioritY Package and HOC 2020. Enjoy more incentives, discounts and waivers when you purchase Suasana and Sinaran at Utropolis Batu Kawan today. It's the best time to save! Call +6012-501 0733 today. Find out more about SUASANA Find out ... Read More
Artist impression of a 6km cable car line stretching from Penang Hill to Teluk Bahang, with one middle station.

Proposed cable car from Penang Hill to Teluk Bahang

Even before the proposed RM100mil Penang Hill cable car project has yet to lift off after running into funding problems, another similar idea has been mooted. This time, it’s a RM300mil cable car project from Penang Hill to Teluk Bahang. Foreign investors are forming a consortium to propose the 6km ... Read More
Delayed housing projects due to MCO

Govt formulating law to prevent legal action against delayed housing projects

Housing developers and homebuyers of projects affected by the enforcement of the movement control order (MCO) cannot take legal action against one another if the Temporary Measures Bill to mitigate the impact of Covid-19 is passed by Parliament. Housing and Local Government Minister Zuraida Kamaruddin (pictured) said the bill is ... Read More

Penang given time to fulfil EIA requirement for PSI project

The ministry of environment and water will give the Penang state government a chance to fulfill all 72 requirements needed to implement the Penang South Islands project despite objections from several quarters. Deputy Environment and Water Minister Ahmad Masrizal Muhammad said the Penang state government must comply with all the conditions and ... Read More

Penang to go ahead with LRT and Penang Hill cable car projects

Penang will go ahead with its mega projects under the RM46bil Penang Transport Master Plan (PTMP) and also the RM100mil Penang Hill cable car project even without funding from the Federal Government.State Works Committee chairman Zairil Khir Johari said everything was still on schedule and any delay was only because ... Read More

Penang announced Linear Waterfront reclamation project near FIZ

The Penang government today revealed plans to reclaim about 60ha off the Free Industrial Zone (FIZ) in Bayan Baru. The project, themed “Linear Waterfront”, will begin from the Queensbay roundabout to the second bridge and will have an estimated gross development value of RM1 billion. Based on an artist’s impression ... Read More

Penang Retirement Resort project delayed due to Covid-19

The completion of the Penang Retirement Resort in Batu Gantong by the Penang Turf Club has been delayed to the fourth quarter of the year due to the Covid-19 pandemic. The project was originally scheduled for completion this April. It will be made up of a seven- storey block featuring ... Read More

SITE PROGRESS: The Amarene (Jun 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