Property News

Belleview plans RM500m property launches this year
GEORGE TOWN: Penang-based property developer Belleview Group will unveil new projects with a development value in excess of RM500 million this year in the northern region. Its managing director, Datuk Sonny Ho, yesterday said besides two launches on Penang island, the company is also set to launch first condominium project ... Read More

Penang taken to task over worsening traffic woes
THE state government is not efficient in tackling traffic woes in Penang, especially on the mainland, claimed state Gerakan Environmental Bureau chief Tan Chai Liang. “If anything, the so-called effort by the state government through its car-free day campaign and bicycle-riding programmes failed to counter the worsening traffic problems in ... Read More

Cititel to build 2 hotels for RM183m
GEORGE TOWN: Cititel Hotel Management (CHM) Sdn Bhd, a subsidiary of IGB Corporation Bhd, will invest RM183 million to build two more hotels on the island. CHM managing director Datuk Eric H.K. Lim said the properties would be built at the Gat Lebuh Noordin area by early 2014. The two ... Read More

Better flow of traffic in Air Itam
THE next phase of the Jalan Air Itam widening project slated for April should ease traffic congestion by at least 15%, said Penang Municipal Council senior traffic engineer A. Rajendran. The widening of the 190-metre stretch in front of the Han Chiang High School from two lanes to three is ... Read More

Kg Buah Pala nine overjoyed to grab govt offer of 18 double-storey houses
GEORGE TOWN: The nine families from the former Kampung Buah Pala here are delighted with the offer of double-storey houses costing RM220,000 each in Teluk Air Tawar on the mainland.They are jumping at the chance as there is no other option.Their former residents association chairman M. Sugumaran said they were ... Read More

Second Penang Bridge on track for November 2013 opening
KUALA LUMPUR (Jan 3): The Second Penang Bridge has achieved 70% completion and 1.5 months ahead of schedule, said Jambatan Kedua Sdn Bhd (JKSB) in a statement on Dec 30, 2011.It is confident that work is on the track towards the target opening date of the bridge in November 2013 ... Read More

Most viewed properties of the month – Dec 2011
#1 Sierra Residences - Sungai Ara Soft-launched on 23 Dec 2011. At around RM300/sq.ft. with 2 car parks, this is one of the most affordable new properties in Penang Island. Price starts from RM280k, a good price for young couple who wanted to settle down in Penang Island with small ... Read More

Rise and fall of interest rates
INTEREST rates have a wide and varied impact upon the economy. When interest rates are raised, the general effect is to slow down credit demand and contain inflationary pressures. It also makes borrowing money more expensive, which affects how consumers and businesses spend their money. Investors should understand how interest ... Read More
Penang to ride on Shangri-La expansion
THE opening of several new Shangri-La Hotels and Resorts properties around the globe in 2012, will be leveraged on by its sister property in Penang to draw more visitors to the island state. Shangri-La's Rasa Sayang Resort and Spa general manager Elaine Yue said the expansion of the group's properties, ... Read More

Property sector to correct
The steep increases seen in the last two years expected to sputter to a halt on weak global sentimentTHE overall weak global sentiment is expected to cast a pall over the property sector, which is expected to undergo some downward correction next year, agents, property consultants and developers say, with ... Read More
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Latest Projects
TODAY'S MOST READ
RECENT COMMENTS
- @Hemsley, TQ. Good progress and maybe is too early to send out the site progress...SC on The Pier
- @LOL This project is opposite putra place condo.. it's still a distance to QBM ...thomas on One Mutiara
- @Islander Lol. Aspen group. Lol. ...Hemsley on The Cube
- just paid booking fee today ...Jordan on The Cube
- @Koja The cube is not near to seaside, which units have seaview? from the floor...Moon on The Cube
- @Debbie what special is the unit#8? ...Moon on The Cube
- I bet to see Aspen Agent hardselling their Zen in 2030. ...Islander on The Cube
- @SC It's at 10th floors now. The progress is even better than The Cube or...Hemsley on The Pier
- Is there any site progress review over here or somewhere ? or the development haven't...SC on The Pier
- @Hemsley 300k launch price appreciated to 400K for state unit, 1 carpark, progressive interest, lawyer...Joker on The Cube
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OTHER DEVELOPMENTS
- Affordable Housing (Penang Island)
- Butterworth Arena
- Columbia Asia Medical Centre
- Eco-Tourism Hub @ Batu Kawan
- Escape Penang – Eco Theme Park
- GBS @ The Waterfront
- GBS by The Sea
- Gurney Wharf
- IKEA Batu Kawan
- Island Medical CIty
- Kobay Jelutong
- Lin Xiang Xiong Art Gallery
- Linear Waterfront
- Mitsui Outlet Park @ PIA
- One Auto Hub @ Batu Kawan
- Penang Arts District
- Penang Eastern Seafront Development
- Penang Medical & Digital Technology Hub
- Penang Premium Outlets (Design Village)
- Penang Sentral
- Penang South Islands
- Penang Transport Master Plan
- Penang Waterfront Convention Centre
- Penang World City
- PIA Expansion
- Silicon Island
- Teluk Bahang Wellness Resort
- The Ship Campus (ALC College)
- The Top @ Komtar
- Wellness City of Dreams