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

BMT Jelas Sdn Bhd has started preliminary works for the proposed RM4.6bil expressway that will connect Jelapang in Ipoh to Batu Kawan in Penang. The 116 km expressway, named Jelapang-Selama-Batu Kawan Expressway (Jelas), is anticipated to be completed within three years upon obtaining approval from the federal government. In a ... Read More

Homeownership has become easier after Projek Perumahan 1Malaysia (PR1MA) enlarged the eligibility pool. Prime Minister Datuk Seri Najib Abdul Razak said the income cap has been increased from RM10,000 to RM15,000 to allow more people to purchase their own homes. He said this was part of efforts to lower the ... Read More

IKEA Penang will be the forth IKEA store in Malaysia and the second one outside of Klang Valley after Johor Bahru. Located in Batu Kawan, the construction of the new IKEA store is scheduled to start in early this year and to complete by late 2018. Despite an official announcement was done ... Read More

Hunza and Ideal to come up with RM13bil schemes The south-west district of Penang island will attract RM20bil worth of new residential and commercial projects over the next five to 10 years. About RM13bil worth of projects are new ones planned by Hunza Properties Bhd and Ideal Property Sdn Bhd, ... Read More

Work on the alternative road linking Lebuhraya Thean Teik in Bandar Baru Air Itam to Lebuh Bukit Jambul in Penang is progressing on schedule. The 6km-long paired road via Jalan Bukit Kukus is 27.5% complete, said state Local Government, Traffic Management and Flood Mitigation Committee chairman Chow Kon Yeow. “The ... Read More

Westlite Juru, another proposed workers village in mainland Penang, also undertaken by Westlite Dormitory (Juru) Sdn Bhd. The proposed housing is well located along the major thoroughfare of Jalan Juru in the Central District of Wellesley. It provides easy access to the Penang Bridge as well as established industrial parks ... Read More

Building dreams, a ground-breaking transformation next to the millionaire’s enclave of Seri Tanjung Pinang. Commanding some of the most impressive waterfront and promenade views of Gurney Drive. City of Dreams offers the pinnacle of luxurious living with an exclusive location providing the finest living experience with convenient access to nearby ... Read More

The number of foreigners buying Penang properties have traditionally been below 10 per cent, state executive councillor Jagdeep Singh Deo said today. The housing development committee chairman sought to allay concern that non-Malaysians were gobbling up properties, saying it was a perception that was untrue. “It has always been less ... Read More

The Penang state government should implement clear-cut housing policies that suit the overall property market conditions, real estate agent Michael Geh said today. The chartered surveyor said the state must consider the effects of the policies implemented on both the primary and secondary markets. “I hope the state will implement ... Read More