The Penang housing market moved sideways on both the primary and secondary markets in the first quarter of the year, says Michael Geh (pictured), director at Raine & Horne International Zaki + Partners. “I noted active transactions on the secondary market with prices staying flat,” he says in presenting the ... Read More

Eco World Development Group Bhd is said to be eyeing a 300-acre leasehold site in Batu Kawan for a RM6bil mixed development project to be launched next year. Sources told StarBiz that the group could fork out up to RM700mil for the property, estimated at over RM50 per sq ft ... Read More

The feasibility study for the controversial RM6.3 billion undersea tunnel is proceeding and expected to be done in six months' time, said Datuk Zarul Ahmad Mohd Zulkifli when correcting his statement to the contrary. The Consortium Zenith BUCG chairman today claimed he mistakenly told the media in Kuala Lumpur yesterday ... Read More

The Penang government has put a stop to the feasibility study on the proposed 7.2km undersea tunnel linking Penang to Butterworth. Consortium Zenith BUCG Sdn Bhd’s (CZBUCG) chairman Datuk Zarul Ahmad Mohd Zulkifli said the company had stopped its feasibility study for the undersea tunnel following a request by the ... Read More

Penang hopes to secure a conditional approval for its first railway scheme connecting Bayan Lepas to Komtar by next month, state executive councillor Chow Kon Yeow said. The local government committee chairman said SRS Consortium, the project delivery partner (PDP) for the Penang Transport Master Plan (PTMP), met with Land Public ... Read More

As a city grows, the development of high-rises becomes inevitable. So one can only expect more strata developments to be built in Malaysia in the future and strata living will become increasingly common. It is therefore imperative to understand the existence and function of the management bodies that ensure a ... Read More

Eco World Development Group Berhad [EW Berhad or EcoWorld] opened its Show units for Eco Bloom today with a simple lion dance ceremony. Eco Bloom is a 4.86-acre freehold mixed development with a GDV of RM283 million comprising a single tower project with 490 residential units split into two wings, ... Read More

Penang Development Corp (PDC), the state’s investment arm, will call for a fresh request for proposal (RFP) for the mixed development plan in Batu Kawan on mainland Penang, after the mutual rescission of the RM10 billion Eco Marina with Eco World Development Group Bhd (EcoWorld). PDC general manager Datuk Rosli ... Read More

You are cordially invited to the private sneak preview of Eco Bloom Show Unit on 12 June 2016, 10AM at EcoWorld Gallery @ Eco Meadows * Click HERE to find out more about Eco Bloom @ Eco Meadows * ... Read More

EcoWorld: Award for 449.64-acre land in Batu Kawan rescinded Eco World Development Group Bhd (EcoWorld) has agreed with the Penang Development Corp (PDC) to rescind a letter of award dated March 26, 2015 for the purchase and development of 449.64 acres of land in Bandar Cassia, Batu Kawan. Accordingly, their ... Read More