Property News
NGOs not happy with ‘mindless development’
GEORGE TOWN: Penang may have been named one of Asia’s most liveable cities, but two non-governmental organisations here beg to differ. The Consumers’ Association of Penang (CAP) and Sahabat Alam Malaysia (SAM) argued that Penang was becoming unliveable due to “mindless development”. “The kind of development that is taking place ... Read More
Fair to feature top property pickings all under one roof
THE Star Property Fair 2012 is back for its 10th year with a more interesting array of programmes. The Star regional operations manager (north) Chung Chok Yin said the overwhelming public response had contributed to the fair’s 10th edition. “I hope those who wish to buy houses will obtain useful ... Read More
Unhappy over compensation
GEORGE TOWN: Residents of an estate in Mount Erskine are not satisfied with the compensation offered by a housing developer that bought the land there. It is learnt that the developer had issued a letter of eviction to the residents last month. Residents association chairman Teh Kim Long, 74, claimed ... Read More
Penang not beholden to developers, says CM
GEORGE TOWN: The Penang Government has denied claims that it is “the darling of developers” at the expense of the public, especially those in need of public housing. Chief Minister Lim Guan Eng said more stop-work orders had been issued by both the local councils since 2008 compared to previously ... Read More
Affordable housing move
DEVELOPERS who opt to build 87 housing units per acre (0.4ha) on Penang island will now have to allocate 15% of their projects for units priced between RM200,000 and RM300,000. This is an increase of 5% as the previous requirement for such units for that plot ratio was 10%, said ... Read More
SP Setia has big plans in Penang
GEORGE TOWN: After recently acquiring 21.3 acres in Tanjung Bungah for RM185.6mil, SP Setia Bhd is now looking at an adjacent 14-acre site. SP Setia Property (North) divisional general manager Datuk S. Rajoosaid the group was now in an advanced stage of negotiation to buy the property. “We expect to ink the deal ... Read More
Chalets on water for Penang
PENANG will see its first hotel with water chalets opening soon in Teluk Kumbar. State Tourism Development and Culture committee chairman Danny Law Heng Kiang said that the hotel with water chalets was among three new hotels that will be opening in the near future. “The other two hotels will ... Read More
Berth at ferry terminal to be rebuilt
AFTER being out of use for more than six months, the unstable berth at the Pengkalan Raja Tun Uda ferry terminal in Weld Quay will be rebuilt starting next month at a cost of RM2.15mil. Penang Public Works, Utilities and Transport Committee chairman Lim Hock Seng said Penang Port Sdn ... Read More
Lesson for developers
BUKIT MERTAJAM: The Seberang Prai Municipal Council (MPSP) has lifted a stop work order issued on a construction site in Alma near here earlier this month. A team of MPSP councillors and officials, who visited the site, lifted the stop-work order after the developer was found to have complied with ... Read More
SP Setia to develop RM1.1bil Penang project
PETALING JAYA: SP Setia Bhd will be embarking on a mixed residential development project with a gross development value of RM1.1bil in Penang after acquiring freehold land in the state. In a filing with Bursa Malaysia, the company said it had acquired 21.3 acres in the north-east Penang Island district of Timor Laut ... Read More
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- Are they sure they can on time finish construction before due date & ccc on...SIM LI on The Cube
- @K sorry, should be end of 2024 ...K on The Cube
- End of 2025 only start piling and underground parking ? the construction progress almost same...K on The Cube
- @SIM LI They will tell you because of taking care quality workmanship ...Ryu on The Cube
- why contruction very slow...two year only go to level 12.. ...SIM LI on The Cube
- @CY why contruction very slow...two year only go to level 12... ...SIM LI on The Cube
- This serm a viable purposeful redevelopment but the pollution due to Industrial remain to be...Kerneth Rodrigues on Pulau Jerejak’s 26.5-acre shipyard site poised for future redevelopment
- @Minion Because we still haven't break the 4M mark. Will reach there in a year...LL on Top 5 Most Expensive Residential Properties Sold in Penang in 2025
- please send the details & pricing of the property. Thanks ... ...ZURIATI OSMAN on UPCOMING: Prai / Concrete Idea Sdn. Bhd.
- Why don't have taman bayu mutiara (BM area) record at all? ...Tim on All Penang Projects
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