The second Penang bridge is scheduled to be completed on Nov 8 as agreed between the concessionaire, Jambatan Kedua Sdn Bhd (JKSB), and the Federal Government. JKSB public relations and communications deputy manager Azizi Azizan said the bridge was initially expected to be completed in September, two months ahead of ... Read More

Group to launch various developments on 1,214ha land bank, focusing on Klang Valley, Johor and Penang Eco World Development Sdn Bhd, a company set up by former directors and executives of S P Setia Bhd, is looking to launch projects with a gross development value (GDV) of RM30bil on 1,214ha of ... Read More

THE state government together with the Penang Development Corporation (PDC) will carry out eight affordable housing projects, said state Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo. “Three projects will be on the island and five on the mainland. “The projects will provide nearly 20,000 affordable housing units ... Read More

People looking to own a house any time soon will have to pay at least 10% more for their dream home, according to developers. They said the increase was due to the double whammy that has hit the construction industry – higher costs of building materials resulting from the 20 ... Read More

Property developers say increasing house prices are due to high compliance and construction costs. They also attribute the rising cost to government agencies, especially local authorities and utility companies, said Real Estate and Housing Developers' Association Malaysia (Rehda) deputy secretary-general (Melaka branch) Datuk Anthony Adam Cho. According to Cho, the ... Read More

Measures to curb speculation in the property market and cross-subsidisation do not make for a healthy property sector in the medium to long term, according to the Real Estate and Housing Developers’ Association of Malaysia (Rehda). Rehda president Datuk Seri Michael Yam drew attention to the affordable housing segment, which suffers the ... Read More

A NEW high-rise development project along Macalister Road in Penang is poised to become the talk of the town when launched at the end of next month. The mixed integrated Tropicana 218 Macalister project, to be developed by Tropicana Corp Bhd (formerly Dijaya Corp Bhd), includes an international brand hotel ... Read More

Hunza Properties Bhd plans to launch three projects with a combined gross development value (GDV) of RM1.4 billion over the next four years, said its executive chairman Datuk Khor Teng Tong. He said the three projects – which will be Hunza's focus for the coming years – include an integrated ... Read More

Also plans to launch new projects in Setapak and Jln Jubilee in KL, Bayan Lepas in Penang, JB, Sabah and Sarawak soon. More than 20,000 homes will be built under 15 affordable housing projects in Greater Klang Valley, Johor, Penang, Sabah and Sarawak. “These 15 new developments are under Phase ... Read More

The 1.7km Gurney Drive will sport a new, greener look under the proposed Seri Tanjung Pinang (STP) phase two reclamation project to be undertaken by Eastern and Oriental (E&O) Bhd. It will incorporate some 20ha of greenery area including a new parkland, water features, a cycling route and palm-tree lined ... Read More