The state government is surprised by the call of a group of non-governmental organisations (NGOs) which questioned the size of the Penang Transport Master Plan (PTMP). “If you reject and cancel the plan, then what are the alternatives to solve traffic congestions?” asked Chief Minister Lim Guan Eng. He said ... Read More

The North Coast Pair Road (NCPR) to be undertaken by the Zenith-BUCG, only ends at Jalan Lembah Permai in Tg Bungah from Teluk Bahang, forming only the western section of NCPR. [Refer to the image gallery below] To complete the road connection to George Town, PTMP proposed the eastern section ... Read More

You are cordially invited to be the very first to experience the ultimate urban lifestyle at Vertu Resort, Aspen Vision City. RSVP your attendance now so that the team may assist you during your visit. Call 1300 30 5000 or log in to www.verturesort.com to find out more about Vertu ... Read More

Read this yesterday on The Edge Property. I generally agree that Penang's property market outlook is still promising and prices of residential property (especially landed) were generally on the uptrend. What caught my attention was the comment that Tree Residency @ One Residences transacted at RM1.5 million. Unless this is referring to a 2-storey semi-detached ... Read More

The 7km Tanjong Tokong Monorail line with 8 stations is proposed to begin at the KOMTAR integrated interchange station and terminates at Tg Tokong. This monorail transit line will serve mixed commercial and residential developments along Jalan Burma, Jalan Kelawei, Gurney Drive and the Seri Tanjung Pinang townships. If future ... Read More

Affordable housing applicants must now show their creditworthiness when applying. The state government has made this a requirement on the advice of Bank Negara, said state Housing Comittee chairman Jagdeep Singh Deo. “Bank Negara has urged us to require applicants to submit a Central Credit Reference Informa-tion System (CCRIS) report ... Read More

According to a report in TheSunDaily, adjustments were made to the proposed Bayan Lepas to George Town Light Rail Transit (LRT) line. Read on: Chow said he has received feedback that SRS Consortium, the project delivery partner (PDP) for the Penang Transport Master Plan (PTMP), has made adjustments to the ... Read More

Bank Negara looking at long-term solutions BUYING a house can be an emotive affair. Selling a house can be equally so. Whether the emotions are on the part of the buyer or the seller, Bank Negara has found itself in a tussle between protecting the house buyer and the developer’s ... Read More

Every now and then some quarters will accept developers’ mantra to re-introduce the Developers Interest Bearing Scheme (DIBS). It should be noted that Bank Negara had prohibited and outlawed “any form of interest capitalisation scheme”. The economic downturn is seen as a fresh opportunity for DIBS to be reconsidered. This ... Read More

Besides the Bayan Lepas belt, the other two relatively high density development corridors in Penang Island are the western Ayer Itam and northern Tg Tokong corridors. Adopting a similar approach by matching system capacity with projected travel demand, the monorail system has been identified as the most appropriate mode for ... Read More