The two bidders that submitted proposals for the rehabilitation and development of the Jelutong dumpsite have sought to be allowed to reclaim additional land. “The two companies — a Penang-based company and a Federal government-linked company — did not meet major requirements of the request for proposal (RFP), which were ... Read More

* UPDATE: The elevated expressway will open on April 6 @ 2PM * The RM338mil Bayan Lepas Expressway (BLE) linked to the second Penang bridge is expected to be open on April 4. Penang Federal Action Council chairman Datuk Seri Zainal Abidin Osman said work on the project was at ... Read More

If the planned reverse takeover (RTO) of tile manufacturer Yi-Lai Bhd goes through, it would see the entry of one-up-and coming property developer from Penang, Aspen Vision Group and its co-founder Datuk M. Murly into the capital market. Murly is becoming well known in property circles for his Aspen Group, ... Read More

The Penang Chinese Chamber of Commerce (PCCC) has urged the state government to speed up the implementation of Penang Transport Master Plan (PTMP). PCCC president Datuk Seri Choot Ewe Seng said it was needed to help alleviate traffic congestion in the state. He said tourists started flocking to the city ... Read More

Ikano Private Limited, owner of the IKEA franchise in Malaysia, confirmed today its ambition to open a store in Penang during the third quarter of 2018. Ikano and the Aspen Group teamed up in September 2014 to purchase 245 acres of land from Penang Development Corporation. The joint-venture company is working ... Read More

The proposed cable car spanning the Penang channel will cross the Middle Bank and engineers are working to ensure least damage to the seagrass bed. “The footprints of the cable pylons and towers will be small and have a low impact on the environment,” said Chief Minister Lim Guan Eng ... Read More

The Real Estate and Housing Developers Association (Rehda) is in discussion with the Government to bring back the developers interest bearing scheme (DIBS) in a certain form for first-time house buyers of a certain price, Datuk Soam Heng Choon said at a property forum. Soam, who is also IJM Corp ... Read More

The RM6.3 billion Penang mega project to build three xpressways and an undersea tunnel linking Penang island to the mainland will kick off in June, with the construction of the Air Itam-Tun Dr Lim Chong Eu Expressway bypass. Consortium Zenith BUCG Sdn Bhd (CZBUCG) chairman Datuk Zarul Ahmad Mohd Zulkifli ... Read More

18 East at Andaman presents the key to coveted resort-living within the finest of sea-fronting condominiums. With a stunning vista of the Andaman Sea that would leave many awestruck by its sheer brilliance, 18 East is a haven of understated luxury defined by expansive living spaces, a gem within an ... Read More

A soft property market is no stumbling block for Eco World Development Group Bhd which is roaring ahead with eight new commercial development projects under its Business Masterplan series. Eco World president and chief executive officer Datuk Chang Khim Wah says that even in the toughest markets, there are still ... Read More