The slowdown in the current property sector has seen transactions, be it primary or secondary, winding down within the Klang Valley this year. Unfortunately, the situation in other prime markets, such as Johor and Penang, has been less than stellar this year – with industry specialists predicting it could take ... Read More

Property developer Hua Yang Bhd is proposing a mixed development with an estimated gross development value (GDV) of RM311 million in Seberang Prai, Penang, which will comprise 480 units of serviced apartments, 148 units of condominium, and 16 units of two-storey shops (previously known as The Presidence along Jalan Baru) ... Read More

The Penang government has relaxed the ownership eligibility for affordable housing in the state. State Housing Committee chairman Jagdeep Singh said 30% of the units in an all-affordable housing project can be purchased on the open market without government vetting. He however said these units were priced 10% higher while ... Read More

Residents who are fed up with traffic congestion on the island want the proposed Bayan Lepas Light Rail Transit (LRT) and the Pan Island Link (PIL) highway to be implemented as soon as possible to ease the daily gridlock. Those living in high-density and lower-income areas in Jelutong, Gelugor, Bayan ... Read More

Construction work on the Penang light railway transit (LRT) project, which is part of the first phase of the island’s Transport Master Plan (TMP), will start in 2018. According to SRS Consortium Sdn Bhd, the Gamuda Bhd-led project delivery partner (PDP) for the TMP, it will be finalising the cost ... Read More

PIL highway poses no environmental impact Upon completion, the proposed Pan Island Link (PIL) highway will be able to share the heavy traffic load of the Tun Dr Lim Chong Eu Expressway (LCE), while the proposed Bayan Lepas LRT will be the rail backbone of Penang’s future public transport system ... Read More

Today we are looking at a comparison of 20 property news portals in Malaysia with SimilarWeb.com's web traffic analytic and it is plausible to conclude that PenangPropertyTalk.com has accomplished a new milestone by achieving the fifth position with a monthly visits of 140,000 in October 2015. The chart outlines the top ... Read More

Gamuda Bhd-led project delivery partner — SRS Consortium Sdn Bhd — for the Penang Transport Master Plan (TMP) estimates the cost of reclaiming two islands measuring about 1,300 acres (526.1ha) and 2,100 acres to be about RM7 billion to RM8 billion. Its project manager Szeto Wai Loong said the reclamation, ... Read More

The RM27bil Penang Transport Master Plan (PTMP) might be funded through the auction of two plots of reclaimed land in the southern coast of Penang island. SRS Consortium, the appointed Project Delivery Partner (PDP) of the plan, has proposed the reclaimed land as an asset for the state to raise ... Read More

When the Penang Global City Centre (PGCC) was launched in 2007, it was touted as a major game changer to Penang. But it ended in a whimper partly because of its sheer scale which was not feasible. The RM25bil PGCC project was to have been undertaken by Abad Naluri Sdn ... Read More