Property News
Seven roads projects approved for Penang under 11th Malaysia Plan
Seven road projects totalling RM1.96bil have been approved for Penang under the First Rolling Plan (2016-2017) of the 11th Malaysian Plan. On the island, they include road upgrades from Teluk Kumbar to Penang International Airport (RM390mil), from Batu Maung to Penang Bridge (RM373.2mil), from Batu Maung to the Jalan Sultan ... Read More
2016 Property Financing Outlook
* Article by Freemind Works * Property market in 2016 will continue to be soft especially with the challenges we are facing externally (possible continuous rate hike in U.S., Slower GDP growth in China, political unrest in Syria which has badly impacted oil price and commodities prices) and internally (1MDB ... Read More
Pan Island Link 2 / 2A
Penang highway master plan also looked at enabling the future development of less developed areas such as Balik Pulau and Teluk Kumbar in Penang Island by constructing a “spurs” road from PIL 1 at strategic interchange location. The other proposed Pan Island Links, namely PIL 2 and PIL 2A, to ... Read More
Pan Island Link 1
A new 20km highway, the Pan Island Link 1, is proposed to alleviate the heavy traffic load on the Tun Dr Lim Chong Eu Expressway (LCE) and adjacent arterial such as Pengkalan Weld, Jalan Masjid Negeri, Jalan Jelutong and Jalan Sultan Azlan Shah. Given that little can be done to improve conditions ... Read More
20 Most Active Projects in Penang (Q1 2016)
2016 looks to be another happening year for property industry in Penang. While many industry experts predicted the property market to remain slow, our website traffic has hit an all-time high with nearly 1 million pageviews and over 180k unique visitors in Q1. With that in mind, let's take a look at the 20 ... Read More
Penang Structure Plan – Three proposed man-made isles to be included
The Penang Structure Plan, which is out-dated, needs to be revised to incorporate the three proposed man-made islands off the south coast near Permatang Damar Laut meant to fund the Penang Transport Master Plan (PTMP). State Local Government, Traffic Management and Flood Mitigation Committee chairman Chow Kon Yeow said a ... Read More
Eco Terraces, Eco Meadows, Eco Bloom & Eco Marina
Eco World Development Group Bhd, driven by a vision to ‘create tomorrow and beyond’, is gradually transforming Penang’s skyline with unique projects. Its Eco Terraces is taking shape in Paya Terubong on the island, so too are Eco Meadows and Eco Bloom in Bukit Tambun on the mainland. Towards the ... Read More
Design Village Penang Grand Opening on 23 Nov 2016
* UPDATE: Design Village grand opening - 23 November 2016 @ 6PM * Design Village Penang – the northern state’s first premium outlet mall – aims to open by this November in time for the school holidays, said its general manager Tay Ai Leen. This is slightly earlier than its previous ... Read More
Will 2016 fare better than 2015? What is the Opportunity vs the Risk?
* Article by Freemind Works * The year 2015 has seen significant highlights in the property market. The year started with the implementation of GST in April 2015. The predictions of frenzy buying before and after the GST did not come true. Majority of investors, instead, took a wait and ... Read More
Proposed LRT Stations – Bayan Lepas Line
Bayan Lepas LRT, the very first LRT line in Penang, will be about 30 km in length with 27 stations running from KOMTAR to the future reclaimed islands in the south. Besides passing through must-go-points at KOMTAR, Bayan Lepas FIZ and the Penang International Airport, the line will also serve established ... Read More
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OTHER DEVELOPMENTS
- Affordable Housing (Penang Island)
- Butterworth Arena
- Columbia Asia Medical Centre
- Eco-Tourism Hub @ Batu Kawan
- Escape Penang – Eco Theme Park
- GBS @ The Waterfront
- GBS by The Sea
- Gurney Wharf
- IKEA Batu Kawan
- Island Medical CIty
- Kobay Jelutong
- Lin Xiang Xiong Art Gallery
- Linear Waterfront
- Mitsui Outlet Park @ PIA
- One Auto Hub @ Batu Kawan
- Penang Arts District
- Penang Eastern Seafront Development
- Penang Medical & Digital Technology Hub
- Penang Premium Outlets (Design Village)
- Penang Sentral
- Penang South Islands
- Penang Transport Master Plan
- Penang Waterfront Convention Centre
- Penang World City
- PIA Expansion
- Silicon Island
- Teluk Bahang Wellness Resort
- The Ship Campus (ALC College)
- The Top @ Komtar
- Wellness City of Dreams
