Property News

Seberang Prai fast rising
The Penang state government is working on expanding the development of Batu Kawan, so that it can tap into the new infrastructure of South Seberang Prai. According to investPenang director Datuk Lee Kah Choon, there were 6,000 acres of land available for development in Batu Kawan with the second bridge ... Read More

Developer will revise building plans following complaints, says mayor
The developer of a proposed high-density development in Tanjung Bungah has agreed to reduce the number of storeys of the project’s two 49-storey buildings. Penang Island City Council mayor Datuk Patahiyah Ismail said the developer verbally agreed to revise the building plans after she conveyed the concerns of the residents ... Read More

Eco World to launch residential phase of Eco Marina soon
Eco World Development Group Bhd plans to launch the first residential phase for its RM10bil Eco Marina project in Batu Kawan in nine to 12 months. Group chief executive officer Datuk Chang Khim Wah (pic) said the residential component of Eco Marina comprised high-rise and landed properties in gated and ... Read More

LRT up and running in 2030
The light rail transit (LRT) project is expected to be completed in 2030. Chief Minister Lim Guan Eng said that all the LRT lines and routes should be ready by that year. “The LRT project will pass through Batu Kawan, linking up the mainland and the island to ensure that ... Read More

Eco World confirms GDV for Batu Kawan devt at RM10b
Eco World Development Bhd has confirmed the estimated gross development value (GDV) for the proposed Eco Marina development comprising of mixed development and the golf course in Batu Kawan, Penang would be RM10bil. The property company said on Tuesday the development period would be about 10 years, with the construction ... Read More

1st Hokkien Property Convention in Penang (FREE)
For the very 1st time, GM Training Academy is bringing you a Hokkien Property Convention this Saturday at Sunway Hotel Georgetown. This is a FREE event by veteran property speakers from Penang, covering... Where to invest? How to get your loan approval? How to protect yourself legally? Want to know ... Read More

LRT maps not ‘rail McCoy’
Two images known as the ‘Penang Rail Tran-sit Map’ circulating on social media have been described as visuals put together of something which has yet to be finalised. State Traffic Management Unit chief engineer Lim Thean Heng said the superimposed images consist of a combination of loop alignments and transit ... Read More

Penang Sky Cab plan not faring well
Besides the less-than-enthusiastic response from residents, tourism industry players have also voiced their doubts about the proposed Penang Sky Cab project. “I’m not too sure about this as a tourist attraction. We are told that the state wants to create attractions like homestays, bird watching and visits to fish markets ... Read More

Penang Sky Cab project to be cancelled if public disagrees
The proposed RM300 million Penang Sky Cab project linking the island and the mainland will be cancelled if the public objects to it, said Chief Minister Lim Guan Eng. Lim said in implementing the project, the state would take into account the views and feedback from the public. "We will ... Read More

Eco World buying land in Penang for RM730.9mil
Eco World Development Group Bhd is acquiring 299.64 acres of leasehold land in Batu Kawan, Penang, for RM730.93mil to build residential and commercial properties. In a filing with Bursa Malaysia yesterday, Eco World confirmed that it had received a letter of award from the Penang Development Corp (PDC) about its ... Read More
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