Property News


Ideal to launch Ideal Residency in Q3 this year

Ideal United Bintang International Berhad and its subsidiaries announced a consistent revenue above RM500 million in its financial year period ending 31 December 2019, with a Total Comprehensive Profit of RM87.9 million for the period. Profit attributable to owners of the company stood at RM58.15 million in 2019, representing an ... Read More

Property Insight unveiled its inaugural ‘Malaysia’s Top 100 Property Developer Brand’ ranking

Malaysia’s best-selling property magazine, Property Insight has revealed its inaugural ‘Malaysia’s Top 100 Property Developer Brand’ ranking in collaboration with Acorn Marketing & Research Consultants (M) Sdn Bhd (Acorn Marketing). Acorn Marketing is the leading market research company and the largest independent Asian Marketing research and consultancy group across the ... Read More

The first phase of The Light City is scheduled for completion in 2024

IJM Land Bhd’s construction subsidiary, Jurutama Sdn Bhd, is set to develop the stalled RM4.5bil The Light City project, which is located next to the Penang Bridge. According to IJM Perennial Development Sdn Bhd general manager Tan Hun Beng, the details of the contract for the project were now being ... Read More

PLB Engineering to rehabilitate Jelutong dumpsite in exchange for 75% of the land

PLB Engineering has signed a conditional joint development agreement (JDA) with the Penang state government and its development arm to undertake rehabilitation works for the Jelutong dumpsite along Lebuhraya Tun Dr Lim Chong Eu in Penang in exchange for three-fourths of the rehabilitated land. PLB said it will be undertaking ... Read More
ForestVille - Pool View

Forest Ville hillside development completed

Ideal United Bintang International Berhad (IUBIB) has achieved yet another proud accomplishment with the completion of its hillside development – Forest Ville, which consists of 991 units of semi-detached concept condominium embraced within a lush and natural surrounding. The project has a gross development value of RM519mil and recorded a ... Read More

Phase 2 of Penang Sentral to go full swing next year

Phase 2 of the billion ringgit Penang Sentral integrated mixed-development project in Butterworth is expected to go full swing next year. The second phase entails the development of an office tower and retail mall, said MRCB Land Sdn Bhd chief executive officer Raymond Cheah. Cheah said, the office tower and ... Read More

Penang to have first cooperative town in Malaysia

The Cooperative Commission of Malaysia (SKM) is set to build a new town in Sungai Ara, Penang. Executive chairman Datuk Nordin Salleh said the project would be developed by SKM’s subsidiary, Sungai Ara Bhd (Tunas Muda). He said the new town, which will comprise residential units and various other amenities, ... Read More

Construction work on LRT, PIL, PSR to begin by Q4 2020

The Penang government expects the construction work on the light rail transit (LRT), Pan Island Link (PIL) and Penang South Islands (PSI) projects under the Penang Transport Master Plan (PTMP) to begin by the fourth quarter of this year. Chief Minister Chow Kon Yeow said the state government and the ... Read More

Golden Gateway CNY Celebration (15 Feb)

Don’t miss your gold mine in 2020. Visit Golden Gateway CNY Open House on 15/02/2020 (Sat) to get your RM88,888* Angpow (T&C apply). Golden Gateway FREEHOLD Factories @ Batu Kawan Limited to 54 units only Detached & Semi-D factories Direct accessibility to Penang Second Bridge Freehold Call+6016-429 2199 or visit ... Read More

SITE PROGRESS: Golden Gateway (Feb 2020)

About Golden Gateway An SME Industrial Park located on a 20.5 acre land at the southeast part of Batu Kawan. Strategically located off Jalan Perusahaan Valdor, just a mere minutes drive to Batu Kawan Industrial Park. It is only 5 minutes away from Penang Second Bridge. Comprises 54 units of semi-detached and ... Read More