Penang more than doubled its total investments by recording a total RM8.162 billion in investments last year, shored up largely by injections to its electronics and electrical sector as well as biomedical industry. In comparison, Penang recorded a total RM3.912 billion in investments in 2013. Penang Chief Minister Lim Guan ... Read More

The 21.44ha Jelutong landfill, which has been in operation for the last 20 years, will be rehabilitated by the state to make the land suitable for mixed integrated development. The Penang government has called for request for proposal for the safe rehabilitation and development of the Jelutong dumpsite and proposal ... Read More

The introduction of the 6% Goods and Services Tax (GST) in April will be the biggest agenda for the property market this year and will pose a challenge for property developers. "The implementation of GST come April 1 will present a challenge in terms of inflation, but it's just a ... Read More

The Malaysian Institute of Estate Agents (MIEA) wants the Royal Malaysian Customs Department to clarify Goods and Services Tax (GST) requirements and issues within the secondary property market and how it will affect the investment community. "Members have been complaining to us that nobody seems to know very much about ... Read More

The RM27 billion Penang Transport Master Plan will be rolled out in stages beginning 2017, the state government said. Penang traffic management exco Chow Kon Yeow announced today that the state government had received proposals from six bidders to be project delivery partners (PDP) of the master plan. Of the ... Read More

The Penang-based Belleview Group will launch its biggest commercial-cum-residential project to date, in Seberang Prai in June. Managing director Datuk Sonny Ho said the mixed development project, to be located on a 8.09ha (20-acre) site, will comprise the largest shopping mall in the northern region with a RM2.5bil gross development ... Read More

Ideal Property Group will launch two condominium projects this year, the I-Santorini@Tanjung Pinang in Tanjung Tokong and I-Condo@One Foresta in Bayan Lepas. The projects have a collective gross development value of RM1.8bil. The RM800mil I-Santorini will be launched in June while the I-Condo@One Foresta will be launched after Chinese New ... Read More

Just a friendly reminder. For those who are interested and qualified to purchase an affordable housing, Penang State Government will be conducting on-site registration exercise for the following projects over the next few days: Chelliah Park City Project Location :  Jalan SP Chelliah, DTL On-site Registration Date : 14 February ... Read More

Eastern & Oriental Bhd (E&O) and Ikea have collaborated to come up with a fully furnished show unit for the former’s soon-to-be launched executive apartments - The Tamarind- in Penang. E&O, a lifestyle property development group, and the Swedish home furnishing specialist had undertaken a maiden partnership to collaborate from ... Read More

YTL Land & Development announced it had sold 67 of the 115 units of its RM330mil Shorefront project in Penang during the launch of the property on Feb 6 and 7. Group executive director Datuk Yeoh Seok Kian said the project, comprising 100-odd luxurious units in three blocks next to ... Read More