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Property News

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Part of Bukit Kukus paired road project 95.91% complete, delayed by lockdown

The Bukit Kukus paired road project has reached 95.91% for a section of the highway which is expected to be fully completed by the end of October this year. Penang Transport and Infrastructure Committee chairman Zairil Khir Johari said the current full movement control order (FMCO) from June 1 to 28 ... Read More
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PropertyGuru Asia Property Awards sets key dates for 2021 Asia Pacific gala series

PropertyGuru Asia Property Awards, the region’s leading real estate awards programme, presents key dates and event formats for the 2021 Awards season. In the past year, the programme has maintained the prestige of hosting successful awards celebrations albeit the global outbreak. By taking the pandemic situation and safety protocols into account, the organisers have set up a series of virtual, physical, and/or hybrid events specially curated for each country. Now, as the vaccinations ... Read More
penang-ferry

Old Penang ferries will be back for pleasure cruises soon

Those who miss the old Penang ferries that were retired earlier this year will get a chance to ride on them again this year – on pleasure cruises. The Penang Port Commission, the federal government body that owns the ferries, said today several companies have been given a 10-year lease ... Read More
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Free ferry rides from July onwards for six months

The Penang state government has allocated an estimated RM468,000 to pay for the ferry fares of all Malaysian foot passengers for the next six months. Infrastructure and Transport Committee Chairman Zairil Khir Johari said all Malaysians using the ferry service will be able to use it for free from July ... Read More
construction

10 construction sites ordered to cease operation in Penang since June 1

A total of 150 construction sites nationwide have been ordered to close since June 1 for failing to comply with the stipulated standard operating procedure (SOP) of the Movement Control Order (MCO) 3.0. The Works Ministry said in a statement that the Construction Industry Development Board (CIDB) had inspected a ... Read More
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SITE PROGRESS: GEM Residences (June 2021)

About GEM Residences GEM Residences, a commercial development by Belleview Group at Prai, Penang. It is part of the company's 6 hectares mixed development along Jalan Baru, diagonally opposite Megamall Penang. Next to it will be the upcoming largest mall in the northern region - GEM Mall, the tenant mix include ... Read More
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Own a low-density condominium near Penang’s Second Bridge at only RM68/day

It is now your opportunity to own a perfect affordable residence at Southbay City in Penang Island. Strategically located within 5 minutes drive from Penang's Second Bridge, M Vista offers 1,000 sq.ft. of space for the comfort of your family at only RM68 per day! For those who love a low-density living lifestyle, ... Read More
penang-investment

Normal for investments to drop after 2-year spike

The recent sharp drop in investments flowing into Penang compared to the years before has been expected as part of a “consolidation” trend, a state investment promotion agency said. InvestPenang said after two years of high investments pouring in, including 2019’s historic RM16.9 billion and 2020’s RM14.1 billion, this year’s ... Read More
market recovery

Main stumbling block for Malaysians hoping to buy house

The failure to secure loans and difficulty in managing monthly cash flow have proven to be the main stumbling block in many Malaysians’ ability to own property. Factors such as quality, size and location of the property also determine the take-up rate, according to experts. Citing a Bank Negara Malaysia ... Read More
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Penang to get a new international-grade racing circuit soon

Those with a love for automotive velocity may soon get their dose of it because Penang has earmarked a spot for a motorsport racing circuit in Batu Kawan next to the State Stadium complex. Penang youth and sports committee chairman Soon Lip Chee said a 2.8ha plot had been identified to ... Read More