The Penang government yesterday assured those living in apartments and stratified units that any increase in quit rent will be “very minimal” and based on rates already in place since 1994. Chief Minister Chow Kon Yeow said the rates will also not change for the next 10 years – until ... Read More

Penang State Government in partnership with Eco Horizon Sdn. Bhd. will develop another Type-A affordable housing project near Kalidonia Farm at Southern Seberang Perai (SPS). Chief Minister, Y.A.B. Mr Chow Kon Yeow said the project which features 272 low-cost housing units on 15.106 acres owned by the Chief Minister's Corporation (CMI) would ... Read More

Chinese international property portal Juwai.com, forecast there will be stronger interest from Chinese buyers next year with the lowering of the minimum price threshold for foreign buyers on high-rise property. In its 2020 budget, the government proposed helping the industry sell some of its unsold new homes by temporarily lowering ... Read More

The Penang South Island (PSI) project embodies the social and economic goals at the heart of Penang 2030. Measuring 4,500 acres of state-owned land, the project will span three islands that comprise an advanced new ecosystem and serve as a model for the future of work and livability in Malaysia ... Read More

About Utropolis @ Batu Kawan A mixed commercial development by Paramount Property in Batu Kawan, Penang. Strategically located next to UOW Malaysia KDU Penang University College, just a stone’s throw away from IKEA furniture store. There is also a proposed linkage to the Design Village Outlet Mall. Find out more about Utropolis @ ... Read More

Penang Chief Minister Chow Kon Yeow today said the state will sign a major agreement next month to realise its 1,821ha three-island project (Penang South Islands), which forms an important part of the RM46 billion Penang Transport Master Plan (PTMP). He said once the agreement was signed, the project’s delivery ... Read More

Gamuda Bhd is likely to sign the Project Delivery Partner (PDP) agreement for Penang Transport Master Plan in the ‘next few weeks’, and the first package of Light Rail Transit (LRT) would be awarded by mid-2020, according to managing director Datuk Lin Yun Ling. “Once the PDP agreement is signed, the design ... Read More

Hong Kong house buyers are looking around in Penang. “Hong Kong people buying properties in Penang is not something new. But the number has definitely accelerated now,” said International Real Estate Federation (FIABCI) Malaysia president Michael Geh. “For the past five years, there had been quite a number of retired ... Read More

Ewein Bhd is partnering Consortium Zenith Construction Sdn Bhd (CZC) to jointly develop land in Penang as a RM159.75 million development. In a bourse filing today, Ewein said its unit Ewein Zenith II Sdn Bhd, a wholly-owned unit of Ewein Zenith Sdn Bhd, which in turn is an 89%-owned subsidiary ... Read More

The first Ascott-branded serviced residence – Ascott Gurney Penang is set open in 4Q 2021. Singapore-listed CapitaLand Ltd’s wholly-owned lodging business unit, The Ascott Limited (Ascott), has secured the contract from Bursa-listed Plenitude Bhd to manage Ascott Gurney Penang. Located along the Gurney Drive promenade in George Town, The Gurney ... Read More