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Property News

Permatang Sanctuary

Permatang Sanctuary

Spread over 100 acres of sprawling land, set amidst Permatang Tinggi, the landscape of this district will never be the same again with the development of Permatang Sanctuary, featuring "Eco Living" - Adding life, health and fun to ordinary lifestyle. This guarded residential property development comprises 188 units 2-storey semi-detached, ... Read More
Penang land duel

Penang land duel

Business Times has learnt that SP Setia Bhd and Ivory Properties Group Bhd are the companies that have responded to Penang state government's tender to develop the Bayan Mutiara land. The tender is part of the state government's efforts to raise funds. Sources said of the two companies, Ivory Properties ... Read More
Property developer adds another feather to its cap

Property developer adds another feather to its cap

IVORY Property Group’s Moonlight Bay project has received the Best Leisure Development Award at the Asia Pacific Property Awards 2011 in Shanghai. A record 21 countries took part in the competition this year, which was part of the International Property Awards covering residential as well as commercial categories. The group’s ... Read More
Housing dream come true? Industry players give their views on My First Home scheme

Housing dream come true? Industry players give their views on My First Home scheme

Property players are eagerly waiting for clear guidelines from the Government on how the recently launched My First Home (MFH) scheme is supposed to work. Social housing generally does not provide good returns, developers and consultants point out, and without concrete details, it is even harder to expect the private ... Read More
Fine-tuning necessary for housing scheme

Fine-tuning necessary for housing scheme

Besides the possibility of the Government providing land for free or at low cost, another issue surrounding the My First Home (MFH) scheme is the general consensus that it is unrealistic to have the same limit on monthly income and property price across the country. To date, it has been ... Read More
Mah Sing rewards loyal customers

Mah Sing rewards loyal customers

KUALA LUMPUR: Mah Sing Group Bhd yesterday introduced a loyalty rewards programme called "M Club" designed to keep its custo-mers returning to the developer and buy more properties in Johor Baru, Penang and Klang Valley. The enhanced loyalty programme offers its 10,000 members the chance to enjoy privileges and discounts ... Read More
A bigger and better show

A bigger and better show

STAR Property Fair is back this year ? bigger, better and spread over four days for the first time.Touted as Penang?s premier pro-perty expo, the fair?s ninth edition will be held at Gurney Plaza and the adjoining G Hotel from July 21 to July 24.The exhibition will feature an exciting ... Read More
The Penang experience

The Penang experience

TWO dozen delegates from the Badan Pelestarian Pusaka Indonesia (Indonesian National Heritage Trust) on a capacity-building trip to Penang spent almost three days taking in the historical sights of George Town.Comprising architects, planners, urban designers, archaeologists, heritage property owners, lecturers, government officers and journalists, their visit was in part, to ... Read More
New RM1.2b dam to be built in Penang

New RM1.2b dam to be built in Penang

GEORGE TOWN: The federal government will build a new dam besides enlarging the Mengkuang dam in Penang in a bid to increase water capacity in the state by 3.8 times. State Barisan Nasional (BN) working committee chairman Datuk Dr Teng Hock Nan, said the RM1.2 billion project would be implemented ... Read More
Upgrade for two markets

Upgrade for two markets

THE Pulau Tikus and Jelutong markets are up next for upgrading works in the Penang Government's effort to uplift markets in the state.Chief Minister Lim Guan Eng said two tenders, at RM877,754 and RM810,370 respectively, had been approved to upgrade the markets."The Pulau Tikus Market is the fifth market on ... Read More