Property News
Century-old Penang market to get RM5m facelift
The Campbell Street market will undergo a major upgrade next year to give it a new lease of life. The century-old market, located at the junction of Campbell Street and Carnavon Street, has experienced a drop in business in recent years as the building’s structure deteriorated over the years. After ... Read More
Christmas Wonderland at Eco Meadows
Eco World Development Group Berhad [EW Berhad or EcoWorld] celebrated the most wonderful time of the year at its EcoWorld Gallery @ Eco Meadows with a special runway collection of bridal gowns in conjunction with the Group’s on-going Let Love Snow Christmas celebrations. The fashion parade was set up by ... Read More
Rainbow Skywalk opening tomorrow (18 Dec 2016)
Assumptions that the world is flat and people would fall over the edge if they went to the end of the horizon disappeared over 3,500 years ago because that non-existent edge gets farther as people climbed higher. Stand at sea level and your horizon is 4.7km away. But on Level ... Read More
Is affordable housing a good investment in Penang?
Affordable housing has been the key growth driver for Penang residential property sector in the past two years. Today there are already 17 projects under construction while at least 26 more are in the pipeline. Aiming to stimulate the sale of affordable housing, the developers are allowed to sell 30% of ... Read More
Penang homeowners get assessment exemptions for 2017
Penang property owners will receive massive savings on their assessment rates for next year, the Pakatan Harapan state government announced today. Chief Minister Lim Guan Eng said low- and medium-cost homeowners as well as those living in kampung houses will be fully-exempt from payment while other property owners, including commercial, ... Read More
Batu Kawan’s future potential
Batu Kawan, Penang has been on the lips of property investors over the past few years ever since it was touted to be an emerging real estate hotspot in the northern region of Peninsular Malaysia. Made up of over 6,000 acres of mainly freehold land, the area is located off ... Read More
EcoWorld to launch new townships in Penang
Eco World Development Group Bhd (EcoWorld) is aiming for an even higher sales target for its 2017 and 2018 financial years after having met its sales target of RM4 billion in FY2016 ended Oct 31, 2016. The developer recorded RM4.01 billion of sales in FY2016. Its Malaysian projects contributed RM3.402 ... Read More
Ensuring affordable homes for Penang folk
As main cities in the country continue to urbanize, the provision of affordable homes remains a major concern. Penang is no exception. Currently with a population of 1.66 million, Penang is one of the most populous states in the country and remains a highly desired location for property growth and ... Read More
Rainbow Skywalk set to open at Komtar
Only a lucky few have ever been to the top of Komtar since it was completed over three decades ago. Now, 68 floors and at almost a quarter of a kilometre from the ground, it has the highest skywalk in the country. The Rainbow Skywalk is a semi-circle glass path ... Read More
Aspen Group investing in next gen technology
AG Innovation Sdn Bhd (a subsidiary of property development and real estate investment company Aspen Group) is collaborating with IBM Malaysia Sdn Bhd to create the first comprehensive cloud infrastructure and technology services platform in Malaysia. The cloud innovation platform, hosted in Penang, is designed to serve local and international ... Read More
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