Penang property owners will receive massive savings on their assessment rates for next year, the Pakatan Harapan state government announced today. Chief Minister Lim Guan Eng said low- and medium-cost homeowners as well as those living in kampung houses will be fully-exempt from payment while other property owners, including commercial, ... Read More

Batu Kawan, Penang has been on the lips of property investors over the past few years ever since it was touted to be an emerging real estate hotspot in the northern region of Peninsular Malaysia. Made up of over 6,000 acres of mainly freehold land, the area is located off ... Read More

Eco World Development Group Bhd (EcoWorld) is aiming for an even higher sales target for its 2017 and 2018 financial years after having met its sales target of RM4 billion in FY2016 ended Oct 31, 2016. The developer recorded RM4.01 billion of sales in FY2016. Its Malaysian projects contributed RM3.402 ... Read More

As main cities in the country continue to urbanize, the provision of affordable homes remains a major concern. Penang is no exception. Currently with a population of 1.66 million, Penang is one of the most populous states in the country and remains a highly desired location for property growth and ... Read More

Only a lucky few have ever been to the top of Komtar since it was completed over three decades ago. Now, 68 floors and at almost a quarter of a kilometre from the ground, it has the highest skywalk in the country. The Rainbow Skywalk is a semi-circle glass path ... Read More

AG Innovation Sdn Bhd (a subsidiary of property development and real estate investment company Aspen Group) is collaborating with IBM Malaysia Sdn Bhd to create the first comprehensive cloud infrastructure and technology services platform in Malaysia. The cloud innovation platform, hosted in Penang, is designed to serve local and international ... Read More

An “inspection report” for the review of the Penang Structure Plan 2020 (PSP 2020) will be up for display to get public feedback from today until Jan 31. Chief Minister Lim Guan Eng said the draft of the finalised PSP 2020 would be open for display again in the first ... Read More

IJM Land Bhd, the property development arm of IJM Corp Bhd, will launch the Waterside Residence at The Light in Penang sometime in December. The Waterside Residence is the first residential tower of The Light Waterfront phase 2, with an estimated gross development value (GDV) of RM240 million. Situated on ... Read More

Penang is a step closer to having a cable car system traversing the channel between the island and the mainland, as the project has received a nod from the Department of Environment (DoE). State Public Works, Utility and Transportation Committee chairman Lim Hock Seng said the DoE has granted its ... Read More

An eight-lane highway is planned for Gurney Drive following the completion of reclamation works there which will help disperse traffic created from the Seri Tanjung Pinang 2 (STP2) project at Tanjung Tokong. Penang Public Works, Utilities and Transportation Committee chairman Lim Hock Seng (pix) said the highway was still in ... Read More