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

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

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

The development of the Swettenham Pier Cruise Terminal (SPCT) over four phases at RM500 million will begin next month, Finance Minister Lim Guan Eng said today. He said it would begin with the most important component - the extension of the existing berth - to enable the terminal to berth ... Read More

The Penang government will be appointing a project manager this month to help in overseeing the running of the newly-reclaimed Gurney Wharf. Chief Minister Chow Kon Yeow said they should be able to appoint the manager in the next one or two weeks. “We’re targeting the appointment of the project ... Read More

The Ministry of Housing and Local Government is planning to mould Perbadanan PR1MA Malaysia (PR1MA) into a national housing corporation to ensure a centralised and standardised housing industry for easy monitoring and enforcement, among others. Its minister Zuraida Kamaruddin in brushing off the allegation that PR1MA would be dissolved soon ... Read More

After the recent breakdown of the funicular train to Penang Hill, the state government resolved to implement an alternative way to ascend the hill, which is through a modern cable car that connects the summit with the Penang Botanic Gardens. This link will be among several infrastructure projects expected to ... Read More

Sunway Bhd’s property division, Sunway Property has set a sales target of RM2 billion in 2020. It has recorded RM1.55 billion in sales in 2019 surpassing the year's target of RM1.3 billion. Unbilled sales stood at RM2.8 billion to date. Speaking at a media briefing yesterday, Sunway Bhd property division ... Read More

Today, the Chief Minister of Penang YAB Chow Kon Yeow officiated the groundbreaking ceremony of GEM Soho, a freehold development of 978 units and 15 commercial shops along Jalan Baru connecting North-South Highway and Butterworth Outer Ring Road (BORR) and the future public infrastructure LRT and Monorail under the Penang ... Read More

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