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Property News

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MRCB’s Penang Sky Cab to begin construction in 1Q2018

Malaysian Resources Corp Bhd (MRCB)’s Penang Sky Cab, a 4.8km cable car system first mooted by the state government in March last year to connect mainland Penang in Butterworth and Jelutong in Penang Island, is expected to begin construction in the first quarter of 2018 (1Q2018). MRCB special project general ... Read More
Visitors swarming like bees at the tulip garden at the Eco Meadow sales gallery in Simpang Ampat, south Seberang Prai, Penang.

Springtime at the EcoWorld Gallery @ Eco Meadows

It is springtime at the EcoWorld Gallery @ Eco Meadows in Simpang Ampat, south Seberang Prai, Penang. A host of 16,888 colourful tulips are seen sprouting behind the showroom building in Jalan Paboi, not far from the Tambun toll plaza. Part of a promotion for the Eco Bloom project in ... Read More
Penang gross yield

Penang Housing Price Analysis by Raine & Horne

The Penang housing market will see houses on the secondary market and in new projects priced below RM450,000 hogging the limelight in the coming months, says Raine & Horne International Zaki + Partners director Michael Geh (pictured, below). However, the more pressing issue is the inordinately long delay in getting ... Read More
The RM1.3mil fencing along Gurney Drive to facilitate work on the Gurney Wharf development project in George Town.

Strong support for Gurney Wharf project, says state

Members of the public aresupportive of Penang’s Gurney Wharf project according to a survey carried out by the state, according to Penang Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo. “More than 80% of the 832 individuals and five organisations who responded to thepublic survey on the Gurney ... Read More
condo

An Exciting Choice to Make: Buy or Rent a Condo?

When it comes to choosing where to live for a mid or long term stay, you’ll find two main options open on real estate sites like Property Guru when it comes to a condominium. The first is to buy it, which will connote long-term stay, or for an investing venture ... Read More
ptmp-website-launch

Penang Transport Master Plan website launched

Information on the RM27bil Penang Transport Master Plan (PTMP) is now available with just a click of the mouse. The public can now secure the latest details via pgmasterplan.penang.gov.my, said Chief Minister Lim Guan Eng. He said the public could also email feedback, suggestions and complaints on PTMP via pgmasterplan@penang.gov.my. “We ... Read More
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Penang LRT plan submitted to SPAD

The state government has submitted plans for the Bayan Lepas Light Rail Transit (LRT) to the Land Public Transport Com-mission (SPAD) for approval. State exco member Chow Kon Yeow said the application was submitted by state secretary Datuk Seri Farizan Darus on March 29. The LRT between Komtar and Bayan ... Read More
renting

10 Easy-to-Remember Tips for Renting an Apartment

Changing homes can be pretty stressful. You’ve got to take care of a lot of details, not the least should include looking for the right rental apartment. Here are easy steps you can follow to help you stay sane throughout the process: Read About the Market The Business Times says ... Read More
city-of-dreams-roadshow

City of Dreams – Property Roadshow @ Gurney Plaza

Venue: Gurney Plaza (Ground Floor, in front of Armani Exchange, old wing) Date: 1-10 April 2016 Time: 10am-10pm City of Dreams Penang, iconic landmark of Luxury Serviced Twin Towers, over 50 impressive world class facilities and amenities. Five Star Lifestyle for privilege Residence to enjoy the prestige services of chauffeured ... Read More
heritage

The allure of heritage properties

The heritage property segment is still attracting strong interest from investors despite the softening of the overall property market in Penang. The value of heritage properties has increased by about 37% to 157% per sq ft (psf) since 2008 due to investments made by Penangites staying overseas and by Singaporeans ... Read More