Property News

EcoWorld calls off merger with UEM Sunrise
Private developer Eco World Development Group Bhd has called off a proposed merger with government-linked property developer UEM Sunrise Bhd. The merger, if realised, would have resulted in one of Malaysia’s largest real estate companies by market value. In a statement, EcoWorld chairman Liew Kee Sin said the decision was ... Read More

MCO reinstated in Penang and 5 other states from Jan 13-26
Penang Chief Minister Chow Kon Yeow today called for cooperation from all Penangites to ensure the successful implementation of the two week-long Movement Control Order (MCO) beginning Wednesday. "We have to accept the decision made (to implement the MCO). "This is a necessary move due to the escalating Covid-19 cases, ... Read More

Penang go ahead with private partners for cable car project
The Penang government has called for a request for proposal for a privately-funded cable car service up Penang Hill after the federal government canceled its RM100 million allocation for the project. Chief Minister Chow Kon Yeow said the cable car project will proceed through collaboration with the private sector. “We ... Read More

Ayer Itam-LCE Expressway bypass to start work on Feb 01
Work will finally begin next month on a RM851 million elevated bypass road, one of three projects that are part of the controversial RM6.3 billion Penang undersea tunnel project. A groundbreaking for the bypass was held in October 2019 but there had been little sign of the project taking off, ... Read More

SITE PROGRESS: Woodsland Park (Jan 2021)
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

Gurney Wharf project moving ahead
The Gurney Wharf project in Penang, estimated to be completed by the end of 2023 and with various components on it, will cost the state about RM176mil. Chief Minister Chow Kon Yeow said among the features to be expected along the 1.75km-long reclaimed coastline are parks, a hawker centre, a ... Read More

Sub-agreement of Air Itam-Tun Dr Lim Chong Eu Expressway bypass to be inked on Jan 15
The Penang government and Consortium Zenith Construction Sdn Bhd (CZC) are scheduled to ink a sub-agreement in relation to the construction of a bypass from Bandar Baru Air Itam (Farlim) connecting to Lebuhraya Tun Dr Lim Chong Eu (Package Two) on Jan 15. Chief Minister Chow Kon Yeow said the ... Read More

Kedah-based developer to take over Penang undersea tunnel project
Penang undersea tunnel project has been given new life with a Kedah-based developer clinching a deal to take over the project through the purchase of majority shares in the company awarded the project. The state government has given its blessings to the Kedah company, led by a Penang businessman with ... Read More

Penang suggests Pesta Pulau Pinang site as low risk COVID-19 centre
The Penang government has proposed for the Pesta Pulau Pinang site at Sungai Nibong to be used as a new low-risk COVID-19 centre as the current ones are reaching near full capacity. Chief Minister Chow Kon Yeow today said that the state government will meet with the state health department tomorrow to discuss the possibility ... Read More

All districts of Penang are now Covid red zones
All districts in Penang are now red zones, amid a tourism surge after the interstate travel ban was lifted last month. This means all districts have recorded more than 40 Covid-19 cases in the past 14 days. Seberang Perai Utara, the state’s last yellow zone, turned red yesterday after recording ... Read More
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