The first phase of the Penang Sentral transportation hub is expected to be completed this year, almost a decade after the ground-breaking ceremony by then prime minister Tun Abdullah Ahmad Badawi. Planner Goh Choon Aik, who was appointed by the Malaysian Resources Corporation Berhad (MRCB), the developer for the project, ... Read More

Hua Yang Berhad has charted a successful expansion into the Penang property market via the positive reception of its first development in the State. Meritus Residensi, which was introduced in November 2016, recorded a good take up rate of 34%. The project, which was officially launched on 31st January 2017 ... Read More

Property and construction-based PLB Engineer-ing Bhd is planning to start a RM2.6bil affordable housing project in Paya Terubong in mid-2017 on a 113-acre site. Group executive chairman Datuk Seri Ong Choo Hoon told StarBiz at an AGM recently that the project would comprise 7,658 affordable units priced between RM300,000 and ... Read More

Wishing you a Happy and Prosperous Chinese New Year! Numerous open house by developers and property events during this Chinese New Year. Here's a list for you to spend your holiday to the fullest, enjoying the refreshments while searching for your dream home. EcoWorld - Happy Chinese New Year 2017 ... Read More

With the preference for landed homes among homebuyers in Penang, the landed residential property segment in the state is expected to remain firm, according to CBRE|WTW Penang. "As of 3Q2016, the existing supply of landed homes in Penang stood at 150,307 units, of which 75% were on the mainland. New ... Read More

IJM Land Bhd, the property development arm of IJM Corp Bhd has seen 70% of its Waterside Residence at The Light in Penang taken up over its launch last weekend. “Buyers at the new condominium are mainly locals and are capitalising on the strategic location and upcoming surrounding lifestyle amenities ... Read More

An estimated 0.5km-long underpass may be constructed from Krystal Point in Bayan Lepas to somewhere nearby the Kompleks Bukit Jambul to facilitate traffic flow and solve traffic congestion in the area. The consultant of Hunza Properties Berhad is preparing to submit a planning permission to the Penang Island City Council ... Read More

M Summit Group recorded a new milestone through its latest project combining luxury with affordability in an exciting way for Penangites. They are the first private developer to take on Penang’s affordable housing scheme and taking it on “in style”. Ideally located with panoramic seaview and lush greenery Ramah Pavilion, comprises ... Read More

Eco World Development Group Bhd (EW Bhd) and the Employees Provident Fund Board (EPF) will jointly develop 375 acres of prime land in Batu Kawan, Penang into two townships. The combined gross development value of both townships is about RM7.76bil. EW Bhd, which had inked a conditional subscription and shareholders’ ... Read More

The Business Processing Outsourcing Prime (BPO Prime) and Penang International Technology Park (PITP) projects worth a combined RM11.3 billion, which involve the Penang Development Corp (PDC) and Singapore’s Temasek Holdings Private Ltd, have been deferred due to current property market conditions. The BPO Prime project with a gross development value ... Read More