The commencement of land reclamation works for the RM10 billion Penang WorldCity project in Bayan Mutiara is expected to begin only in the middle of next year. The project is undertaken by Tropicana Ivory Sdn Bhd, a 55:45 joint venture between Tropicana Corp Bhd and Ivory Properties Group Bhd. Tropicana ... Read More

We bring you an exclusive video on the tallest building in Penang - KOMTAR Some of you may not be aware that KOMTAR has grown taller by 3 levels! The recently refurbished tower now sports new floors with a large viewing deck, glasshouse structures encircled by trees and most striking ... Read More

Despite the slow property market, OSK Property Holdings Bhd believes there is still demand for properties targeted at end users. And the homebuyer market is what is it aiming at with Luminari, a serviced apartment project launched recently at its Harbour Place township in Butterworth, Penang. CEO Ong Ghee Bin ... Read More

Telekom Malaysia Berhad (TM) and Aspen Vision All Sdn Bhd (AVA), a subsidiary company of Aspen Group today inked a Collaboration Agreement to facilitate the deployment of Smart Services, converged telecommunications as well as information and communication technology (ICT) services for the Aspen Vision City development in Batu Kawan, Penang ... Read More

Paramount Corp Bhd’s second quarter net profit soared 70% to RM23.9mil from RM14.1mil a year earlier, on higher contribution from its property division and higher student enrolments at its KDU University College. Revenue for the quarter ended June 30, 2016 rose 26% to RM145.3mil compared to RM115.3mil previously, the company ... Read More

The culturally and historically significant landmark, Chowrasta Market’s physical form is given new life. Chowrasta Market’s integrity is preserved with careful planning with integration of existing marketplace activity while sensitively adding new functions and spaces to revitalise the character and quality of the market. The design also intends to create ... Read More

Queens Residences and The Tamarind, the two most popular Q2 2016 projects in Penang have their own unique popularity. Take a look at the comparison of these two projects... The Tamarind Queens Residences Developer E&O Property Ideal Property Group Location Tanjung Tokong Bayan Bay Standard unit size 1,042 onwards 950 ... Read More

The Penang state government will soon make its decision regarding a proposal to revise the current density guidelines to 128 units per acre in order to provide more affordable housing in the state. Penang State Exco for Housing and Town & Country Planning Jagdeep Singh Deo said the proposal to ... Read More

Penang state government has decided to build a RM4.8 billion elevated light rail transit (LRT) system in the state, rather than have a tram system, as part of the RM46 billion Penang Transport Master Plan (PTMP). This is to avoid associated costs of relocation of utilities, land acquisition and social ... Read More

The immediate outlook of Penang’s property market will be challenging amid difficulties in the global and national economic environment, said property services firm Knight Frank Malaysia in its latest report. In its Real Estate Highlights report, the firm noted that the total volume of transactions for all sectors in Penang ... Read More