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Property News

Buah Pala lots go to PKR men

Buah Pala lots go to PKR men

GEORGE TOWN: Allegations have surfaced accusing Pakatan Rakyat politicians of giving special preference to their cronies in awarding lots for the Kampung Buah Pala compensation houses. Following the handing over of keys for the 24 lots on Sunday, it was found that the personal assistants of DAP and PKR leaders ... Read More
96 bumiputera subcontractors involved in Penang Second Bridge project

96 bumiputera subcontractors involved in Penang Second Bridge project

KUALA LUMPUR: Ninety-six Bumiputera subcontractors, including that of Class F, are involved in the ongoing Penang Second Bridge project with contracts valued at RM961 million, Works Minister Datuk Shaziman Abu Mansor said. He said these Bumiputera subcontractors made up 48% of the total subcontractors appointed for the project, which was ... Read More
Uneasy about high-rise project

Uneasy about high-rise project

A GROUP of residents from the Pykett Avenue, Khaw Sim Bee Road and Westlands Road area in Penang are raising queries and concerns about a high-rise property development in the vicinity. The group said they were facing existing traffic problems and floods caused by heavy rains, and were worried about ... Read More
Penang move raises investors' eyebrows

Penang move raises investors' eyebrows

Chief Minister Lim Guan Eng has said the decision was made after public consultation and it also took into view that BHB had sent a letter of defamation to one of its assemblymen over public remarks in defending the interest of his constituents where the proposed reclamation was to take ... Read More
bus accident

Bad Accident Near Plexus Traffic Lights – Oct 20

Out of topic a little, but I think many are interested to know why it was a bad jam along Tun Dr. Lim Chong Eu Expressway this morning. These photos are forwarded by one of the reader: ... Read More
Developer Mah Sing targets RM2.5bil sales next year

Developer Mah Sing targets RM2.5bil sales next year

PETALING JAYA: Mah Sing Group Bhd will focus on lower-priced and smaller units of serviced apartments in the next two years to cater to demand of the young population. Managing director/chief executive Tan Sri Leong Hoy Kum said the property developer would also offer lower-priced strata landed units. “We are ... Read More
Penang opposes Boustead's reclamation plans

Penang opposes Boustead's reclamation plans

GEORGE TOWN: The Penang government has decided to go back on a land reclamation deal with Boustead Holdings Bhd, which was part of a compensation mechanism for the latter, after it scaled down its Royale Bintang Hotel project in the heritage core zone.Penang Chief Minister Lim Guan Eng said the ... Read More
Nadayu Properties to buy more land

Nadayu Properties to buy more land

KUALA LUMPUR: Nadayu Properties Bhd, formerly known as Mutiara Goodyear Development Bhd, will use part of the cash from disposing of its non-core assets to buy land in the Klang Valley. Yesterday, shareholders approved Nadayu's plan to dispose of four office lots and 3,087 car-park bays in Selangor to a ... Read More
Second Penang Bridge expected to be ready earlier than scheduled

Second Penang Bridge expected to be ready earlier than scheduled

GEORGE TOWN: The Second Penang Bridge which is 65% completed, is expected to be ready earlier than November 2013, the deadline. Works Minister Datuk Seri Shaziman Abu Mansor said with the earnest effort put in by the contractor, he was confident the project would be ready two months earlier than ... Read More
CM Scraps Reclamation Deal, Listens to the Rakyat

CM Scraps Reclamation Deal, Listens to the Rakyat

GEORGE TOWN - The Bayan Bay community today affirms their trust and belief with the Pakatan Rakyat led State Government as Chief Minister Lim Guan Eng scraps a reclamation deal with Boustead Holdings Berhad (BHB), and paid attention instead to the voice of the rakyat of the Pantai Jerejak constituency ... Read More