Property News

Grace Harmony affordable project breaks ground today
Penang will continue to ensure there is an adequate supply of affordable homes. This assurance was given by state Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh during the ground-breaking ceremony of the ‘Grace Harmony’ housing project this morning. He also stated that the state government would keep ... Read More

SITE PROGRESS: Woodsland Park (Jan 2020)
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

SITE PROGRESS: M Vista @ Southbay (Jan 2020)
About M Vista @ Southbay A low density residential development by Mah Sing Group, part of the company’s Southbay township development at Batu Maung. It is located just a stone’s throw away from Free Trade Zone, less than 5 minutes drive to Penang Second Bridge. This development features 237 residential units ... Read More

HOC sold RM1.64b worth of Penang houses in 2019, no plan to continue this year
The Home Ownership Campaign (HOC) 2019 cleared some RM23.2 billion worth of houses, surpassing the initial target of RM17 billion. Housing and Local Government Minister Zuraida Kamaruddin (picture) said the programme managed to clear 31,415 residential units developed by federal and state governments, and private builders. “This is above our ... Read More

Sustainable development for coastal cities
The urban population of the world has grown to 4.2 billion in 2018 and 54% of the world’s urban population resides in Asia. Despite its relatively lower level of urbanisation, it is where the world’s most densely populated cities are located. Combined with the impacts from global climate change and ... Read More

Vivo Executive Apartment to start work next month, expected to complete by April 2023
Kerjaya Prospek’s wholly owned subsidiary Kerjaya Prospek (M) Sdn Bhd has accepted a letter of award worth RM617 million from Aspen Vision City Sdn Bhd to develop a proposed apartment project known as “VIVO” and “VIIO” in Penang. Aspen Vision City is an indirect subsidiary of Aspen (Group) Holdings Limited ... Read More

Aspen Group to develop residential management platform
Penang-based Aspen Group, a property development and real estate investment group, is looking into developing a digital platform for the Vertu Resort residential development management team in Batu Kawan, Penang to prevent their units from being used for AirBnB. The Vertu Resort, a resort-inspired residential development, is one of Aspen’s ... Read More

Upgrading work of Swettenham Pier will commence in April
The development of the Swettenham Pier Cruise Terminal (SPCT) over four phases at RM500 million will begin next month, Finance Minister Lim Guan Eng said today. He said it would begin with the most important component - the extension of the existing berth - to enable the terminal to berth ... Read More

State to appoint Gurney Wharf project manager this month
The Penang government will be appointing a project manager this month to help in overseeing the running of the newly-reclaimed Gurney Wharf. Chief Minister Chow Kon Yeow said they should be able to appoint the manager in the next one or two weeks. “We’re targeting the appointment of the project ... Read More

PR1MA to be national housing corporation
The Ministry of Housing and Local Government is planning to mould Perbadanan PR1MA Malaysia (PR1MA) into a national housing corporation to ensure a centralised and standardised housing industry for easy monitoring and enforcement, among others. Its minister Zuraida Kamaruddin in brushing off the allegation that PR1MA would be dissolved soon ... Read More
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