Property News


Ascott Gurney Penang is set open in 2021

The first Ascott-branded serviced residence – Ascott Gurney Penang is set open in 4Q 2021. Singapore-listed CapitaLand Ltd’s wholly-owned lodging business unit, The Ascott Limited (Ascott), has secured the contract from Bursa-listed Plenitude Bhd to manage Ascott Gurney Penang. Located along the Gurney Drive promenade in George Town, The Gurney ... Read More

GEM Residences – Live Next to the Largest Shopping Mall in Northern Region

GEM Residences - a new freehold condominium located at Jalan Baru, Prai, Penang is primed to bring a new standard of living to Prai, Penang by offering a range of well-designed modern living spaces for a wholesome lifestyle experience. Named after beautiful gemstones – Coral, Ruby, Sapphire and Diamond – ... Read More

SITE PROGRESS: QuayWest Residence (Nov 2019)

About QuayWest Residence Luxury residential development located next to Penang World City in Bayan Mutiara, Penang. This development comprises 1,235 condominium units in two 24-storey towers. Tower A offers 669 units with built-ups from 1,246 to 3,222 sq ft. Tower B comprises 566 units of various types, 253 units of which ... Read More

Housing controller has no power to grant EOT to developers

The Federal Court here yesterday ruled that the housing controller has no power to grant an extension of time (EOT) to developers to complete their property development projects. Chief Justice (CJ) Tan Sri Tengku Maimun Tuan Mat, leading a five-member panel, held that Regulation 11 (3) of the Housing Development ... Read More

97.7% of respondents supported Bayan Lepas LRT project

A total of 22,678 respondents or 97.7 percent of the participants in the public inspection session has supported the implementation of Bayan Lepas LRT Project. Penang Chief Minister, Y.A.B. Mr Chow Kon Yeow said the total number of participants in the related session until November 19, 2019 (from August 19) was ... Read More

Penang earmarks five areas for PPR with Rent-To-Own scheme

The Penang government has identified five plots of land, specifically for the People’s Housing Projects (PPR). State Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said they have earmarked two such plots on the island and three on the mainland. He said the five plots of ... Read More

Kampung Mutiara housing project to be completed in 4 years

Property development and asset management company UDA Holdings Bhd (UDA) will take four years to build a housing project, comprising low-cost, affordable and medium-cost residential units in Kampung Mutiara in Batu Ferringhi near here. Its chief executive officer, Mohd Salem Kailany said the project, comprising 1,068 residential units, which will ... Read More

SITE PROGRESS: Woodsland Park (Nov 2019)

About Woodsland Park A freehold affordable housing development by PTL Properties Sdn. Bhd. near Jalan Betek in Bukit Mertajam. It is strategically located next to Taman Sungai Rambai, just a stone’s throw away from SJK(C) Keow Kuang Primary School. Amenities such as schools, markets, banks, shopping malls, and eateries are only ... Read More

GBS One Mahsuri project on schedule

The construction works of the new Global Business Services (GBS) facility in Bayan Baru – GBS@Mahsuri – are scheduled to complete in April next year (2020). Penang Development Corporation (PDC) general manager Datuk Mohd Bazid Abd Kahar said the corporation is confident that the project could be completed on schedule ... Read More
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First draft of Transit Oriented Development (TOD) guidelines to be ready by Q1 2020

Penang State Government will establish a new guideline, Transit Oriented Development or better known as TOD in its efforts to complement and encourage housing development near Light Rapid Transit (LRT) service areas and public bus stations. State Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo said that ... Read More