Only World Group Holdings Bhd (OWG) expects to complete the project to revitalise the 65-storey Komtar tower in Georgetown, Penang, in the second half of this year. The food outlet and water amusement park operator had announced on Monday that it would use RM48mil from the estimated gross proceeds of ... Read More

Penang government today announced the rebranding of low-cost and medium-cost houses to affordable housing types A and B. With the rebranding, low-cost houses costing RM42,000 each will now be known as affordable housing type A and low medium-cost houses priced at RM72,500, as affordable housing type B. State Housing, Town ... Read More

Those who are waiting for this proposed project at Batu Maung, you can expect to see the launch of the semi-detached and bungalow houses soon with the latest acquisition by PLB Engineering Bhd. Read the news below: PLB buys Penang property developer for RM23.5mil PLB Engineering Bhd has acquired property developer Phoenix Residences ... Read More

The Penang state is mulling various avenues to finance the operation of the rail system that forms part of its Transport Master Plan (TMP), among which is the set-up of a revolving fund with recurring rental revenue from property leasing once its planned 3,000-acre (1,214ha) land reclamation in the south ... Read More

Ewein Bhd’s subsidiary is buying 50 acres of land at Bandar Tanjong Pinang, Penang for RM2.83bil for a proposed “Wellness City of Dreams” resort. The Penang-based property company said on Friday its 60% owned Ewein Zenith Sdn. Bhd had inked a memorandum of agreement to buy the land from Consortium ... Read More

Consortium Zenith BUCG Sdn Bhd (CZBUCG), the main contractor for the RM6.3 billion undersea tunnel project in Penang, will commence the construction on June 15, slightly later than its original schedule. The construction of the mega project is expected to begin in the first quarter of this year. CZBUCG chairman ... Read More

Looking at the Penang property market, all property transactions in the state saw fluctuations throughout the whole 2014 before it dipped in 2015. The first quarter of 2014 recorded a total 6,416 transactions (valued at RM3.78 billion). It increased to 6,513 transactions valued at RM3.44 billion in the second quarter ... Read More

The Real Estate and Housing Developers’ Associa-tion (Rehda) Penang has been urged to play a bigger role in helping local developers obtain the advertising permit and developer licence (APDL) for their projects. It was reported in The Star that 47 out of 81 applications for the licence for state government ... Read More

Let us have a comparison between apple and orange. If you have a budget of about RM700,000 to RM800,000, which of these two projects would you buy? Eco Meadows offers an exclusive landed living in a less branded location while Skyridge Garden suggests a condominium living in a glamorous island ... Read More

Penang has received its first two Perumahan Rakyat 1Malaysia (PR1MA) applications to undertake affordable housing projects involving 2,600 units. The applications are for a project in Batu Ferringhi (1,520 units) and another in Kampung Kastam, Bukit Gelugor (1,124 units). State Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo ... Read More