Property News
Redevelopment for PDC’s landed housing project at Pintasan Cecil and Pengkalan Weld
The State Government through the Urban Redevelopment Committee (URC) is advised to implement redevelopment for housing projects owned by the Penang Development Corporation (PDC) around Pintasan Cecil and Weld Quay. Pengkalan Kota State Assemblyman (ADUN), Danial Gooi Zi Sen said, the move is appropriate as the housing projects are developed with a ... Read More
Gurney Wharf project to start work in early 2021
The construction works for the components of the Gurney Wharf project are scheduled to take place early next year. Penang Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the construction works for the entire project would take about two years. “We hope that the public ... Read More
Penang to call for RFP for Penang Hill cable car project next month
The Penang government, through the Penang Hill Corporation, will issue a Request For Proposal (RFP) likely next month for its proposed Penang Hill cable car project. Chief Minister Chow Kon Yeow (PH – Padang Kota) told the State Legislative Assembly in Dewan Sri Pinang today that project would be implemented with ... Read More
PTMP projects to kick off only after obtaining approvals
The Penang government has reiterated that the projects under the Penang Transport Master Plan (PTMP) would only start after the respective projects obtained the approvals. State Transport and Infrastructure Committee chairman Zairil Khir Johari (PH-Tanjong Bunga) said the Penang government would not start any of the project without first obtaining the ... Read More
Property market saw price correction in first-half 2020
The property market experienced a correction in terms of pricing with more affordable housing launched in the first half of 2020 (1H2020). National Property Information Centre (Napic) director Aina Edayu Ahmad said half of the new launches in 1H2020 comprised houses priced at RM300,000 and below (6,657 units), while the ... Read More
Airbnb: Tourism Recovery at Risk from Blanket Ban in Strata Buildings
Airbnb has today warned that Malaysia’s tourism recovery could be threatened by talk of proposed blanket bans on short-term rentals in strata buildings in Penang, Selangor and other states in Malaysia. Prior to the pandemic, the Airbnb community in Malaysia made a significant contribution to the local tourism industry and ... Read More
Penang Remand Prison and staff quarters under EMCO starting today
The Penang Remand Prison and its staff quarters will be placed under the Enhanced Movement Control Order (EMCO) from today (Oct 15), said Senior Minister (Security) Datuk Seri Ismail Sabri Yaakob yesterday. He said the decision was made on the advice of the Ministry of Health (MOH) and taking into consideration ... Read More
Airbnb in residential areas will be given a notice to stop operating
The Penang State Government through the local authority (PBT) will issue a notice to stop homestay or Airbnb activities in residential areas. Local Government, Housing Town and Country Planning Committee chairman Jagdeep Sing Deo said that the notice will also be issued for all modification and extension to the Airbnb unit. “This ... Read More
Bukit Kukus paired road is expected to open partially in May 2021
Jagdeep said the paired road project, which connects Paya Terubong and Relau, is expected to be completed and open for public use in May 2021. The Jalan Bukit Kukus landslide, which claimed nine lives on Oct 19, 2018, was once again brought up at the Penang State Legislative Assembly – ... Read More
Penang to go ahead with Penang Hill cable car project
Penang will go ahead with its proposed cable car project to call for a Request for Proposal (RFP), said chief minister Chow Kon Yeow at the state legislative assembly today. He said the project is expected to take between two to three years and the state will continue to promote ... Read More
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