GEORGE TOWN: There should be better enforcement on the traffic flow on the island where it is believed that there are now more vehicles than residents here. Engineer Low Swee Heong said that while the Penang Government had implemented initiatives such as ‘No Vehicle Day’, there was a lack of ... Read More

The state has expanded the industrial land in Batu Kawan, Penang, to accommodate demand from investors as Bukit Minyak Industrial Estate and Penang Science Park in Seberang Prai have been fully taken up. Chief Minister Lim Guan Eng said the state had expanded the industrial land in Batu Kawan to ... Read More

SUNWAY Bhd is targeting RM50 million in sales at the Sunway Integrated Properties Show 2011 - Christmas Edition at Sunway Pyramid in Bandar Sunway this weekend. The group's property development division is introducing a variety of properties at its 12 on-going projects in Greater Kuala Lumpur, Ipoh and Penang. The ... Read More

GEORGE TOWN: Hunza Properties Bhd will submit plans to the local authorities next year for a mixed-development project in Bayan Baru with a gross development value (GDV) of RM6bil to RM7bil.Executive chairman Datuk Khor Teng Tong told a press conference after the company’s AGM that the group had engaged a ... Read More

Hunza Properties Bhd (HPB) expects to submit plans to the relevant authorities by the middle of next year for its proposed integrated development in Bayan Baru on Penang island. The company's executive chairman Datuk Khor Teng Tong yesterday said that international consultants have begun working on a masterplan for the ... Read More

LUXURY homes will continue to sell in 2012 despite the uncertainty in economy outlook. SP Setia Bhd general manager (property division - north) Datuk S. Sundarajoo said people would still buy homes although there could be a slowdown as they wanted to make observations before deciding. "It won't come to ... Read More

RETAIL tenants selling unique products at the Straits Quay marina enclave in Penang are doing extremely well. E & O group hospitality and lifestyle director Michael Saxon said this showed that Penangites appreciated the special offers at the retail marina in Tanjung Tokong. He added that at least 3,000 people ... Read More

GEORGE TOWN: The Penang Heritage Trust (PHT) is concerned over the approach taken by the Penang Municipal Council (MPPP) to overcome floods in the state's heritage enclave. PHT president Khoo Salma Nasution said it lauded the effort by MPPP to mitigate floods but what was of concern, were the methods ... Read More

KUALA LUMPUR: Penang MCA has slammed the state government for concentrating too much on mega-projects and losing sight of the need for affordable homes on the island state. Penang MCA secretary Lau Chiek Tuan said that the construction of low-cost housing had ceased since DAP secretary-general Lim Guan Eng took ... Read More

SHAH ALAM: SP Setia Bhd posted a 30% year-on-year jump in net profit to RM327.97mil for its financial year ended Oct 31, 2011 (FY11). The property developer attributed this mainly to higher selling prices for new launches and the stabilisation in the prices of construction materials. Revenue also increased 27.9% to RM2.23bil ... Read More