Datuk Tan Kean Tet, the chairman of Penang-based property developer Iconic Group Sdn Bhd, is acquiring a substantial stake in Sanbumi Holdings Bhd Sanbumi, in a filing with Bursa Malaysia, said the company had entered into a conditional share subscription agreement with Tan for the placement of 22.6 million new ... Read More

Property developers acknowledge that unbilled sales are on the decline but say the situation is not so bad and they are still able to record decent earnings. The decline in unbilled sales, they said, is in line with the overall slowdown in the property market over the past few years ... Read More

The coastal landscape in north Butterworth, between the North Butterworth Container Terminal (NBCT) and Jalan Tunku Putra, Teluk Air Tawar, is set to change with the construction of a new waterfront within the next few years. This follows a supplementary agreement inked between the Penang government and Rayston Consortium (Butterworth) ... Read More

Cities become more liveable, progressive and sustainable when there is enhanced accessibility and connectivity to move people around and this is achieved by providing sufficient and efficient public transport. However, moving people solely on public transport is not a total solution. We cannot ignore the fact that private vehicle ownership ... Read More

It looks like the local property market is still not out of the woods, just yet. According Bank Negara Malaysia’s (BNM) financial stability review for 1H2018: “Imbalances observed in the property market continue to persist.” “The number of unsold housing units, correspondingly increased to about 146,196 units as at end ... Read More

Six months from now, IKEA Batu Kawan will officially open its doors to all eager Penangites. Check out our latest video update on the construction progress of IKEA, and a sneak peek of the surrounding developments. SURROUNDING DEVELOPMENTS: Eco Horizon - a 300-acre integrated mixed-development township by EcoWorld. Comprising gated and guarded strata ... Read More

Penang CM, Y.A.B. Mr. Chow Kon Yeow said the Ministry of Transport and SPAD has agreed with the State Government's proposal to build the Light Rail Transit (LRT) system from George Town to Bayan Lepas. He said the agreement was reached at a meeting with Transport Minister Anthony Loke Siew ... Read More

You are cordially invited to Runnymede's Mid-Autumn Festival Soiree on 29 September 2018 from 12pm to 6pm at the Runnymede Gallery. Triuni Residences - Tower B will be open for official registration on the same day. Workshops, children activities and light refreshments will be available. R.S.V.P 04-659 8899 / 019-415 5881 / ... Read More

The federal minister in charge of the environment says she will take the middle path in deciding whether a controversial highway project in Penang will be approved. Speaking at a town hall meeting on the Pan Island Link 1 (PIL 1) highway here yesterday, Yeo Bee Yin said the government’s ... Read More

Penang is confident that it will achieve its 14th General Election pledge to build 75,000 affordable homes in the state by 2022. State Housing, Town, Country Planning and Local Government Committee chairman Jagdeep Singh Deo said to date, the total number of units built and those in progress have surpassed ... Read More