Property News


Aspen Group Kicks Off a Limited Flash Deals in its Craze Race Campaign

The award-winning and forward-looking property developer, Aspen Group is creating a sensation in the property market by offering unbelievable flash deals on exclusive units of its completed projects for a limited period of time as part of its Craze Race Campaign. The Craze Race Campaign that started on 9th September ... Read More

Esplanade seawall project to be completed by Q1 next year

The seawall restoration project at the Esplanade would be completed in the first quarter of next year while the Fort Cornwallis moat reinstatement project, which would be implemented next year, would be completed in 2024. YB Jagdeep mentioned this during a press conference on the current status of the Penang Hill Special ... Read More

SITE PROGRESS: Queens Residences (Sept 2021)

About Queens Residences Luxury waterfront development by Ideal Property Group at Bayan Bay with gross development value (GDV) of RM600mil. This development is located in front of BayStar Condominium, just stone’s throw away from Queensbay Mall. Find out more about Queens Residences Register your interest here to keep yourself updated with ... Read More

Gurney Wharf physical works scheduled to start at the end of this year

The physical works of the Gurney Wharf project are expected to start in the fourth quarter of this year and it would take three years to complete. Penang Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said initially the works on the project were supposed to ... Read More
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EcoWorld Malaysia surpasses full-year sales target in 10 months

EcoWorld Development Group Bhd (EcoWorld Malaysia) reported robust sales growth in the third quarter ended July 31 (Q3’21), boosted by its success in converting digital leads into purchases during the MCO lockdown period. EcoWorld Malaysia recorded RM2.873bil sales in Q3’21 and by Aug 31, sales had reached RM3.11bil. Sales increased ... Read More

Property market on recovery path amid govt initiatives

The property market is expected to be on the recovery path in line with the gradual economic recovery, supported by the implementation of various government initiatives and assistance, said the National Property Information Centre (NAPIC). It said the property market performance recorded a significant increase in the first half of ... Read More

Hotel Royal Penang to cease operations

The Singapore-owned Hotel Royal Penang is set to shutter soon. The 276-roomed four-star business hotel which is located along Jalan Larut is one of several hotel properties owned by Hotel Royal Limited in Singapore, Malaysia and Thailand. "Due to the Covid-19 pandemic, the management has decided to undergo a restructuring ... Read More

Penang govt to resubmit EIA for PSR project

The Penang State Government will resubmit the environmental impact assessment (EIA) report for the Penang South Reclamation (PSR) project to the Department of Environment (DOE), says State Infrastructure and Transport Committee chairman Zairil Khir Johari. He said the project was for the state's economic recovery post-COVID-19, and he hoped it ... Read More

Four outdoor attractions in Penang may open on a trial basis

Penang has proposed a test run for the reopening of spacious outdoor tourist attractions in the state before embracing the full resumption of travel activities, says state executive councillor for Tourism and Creative Economy Yeoh Soon Hin. Yeoh, in a statement yesterday, said the test run is aimed at fine-tuning and ... Read More

Foreign workers should be provided specific housing needs

State executive councillor Jagdeep Singh Deo has proposed to the Federal Government to prohibit foreigners and locals from rental of low-cost and low medium-cost housing schemes as well as to enact legislation regarding urban regeneration. He said he was very happy that Housing and Local Government Minister Datuk Seri Reezal Merican ... Read More