Property News
CMCO to end in Penang tomorrow except two sub-districts, EMCO only in target areas
The Penang Government had expressed its thanks to the National Security Council (MKN) Special Session on COVID-19 for considering the proposal made by the Penang State Security Special Committee (JKKNPP). Chief Minister Chow Kon Yeow said JKKNPP on Dec 3 had made an application for the implementation of the Conditional Movement Control Order (CMCO) in ... Read More
SITE PROGRESS: Setia Fontaines (Dec 2020)
About Setia Fontaines 1,675-acres freehold township development by S P Setia at Bertam. Strategically located adjacent to Bandar Putra Bertam, less than 25 minutes drive to Penang bridge and Butterworth. It features two residential collections, offering park homes of single and double-storey terrace, cluster, semi-detached and bungalow houses. Lush greenery and ... Read More
Penangites in favour of LRT plan
Stakeholders in Penang, championing for a better public transportation system, and Penangites at large are still looking forward to the Bayan Lepas Light Rail Transit (LRT) project to be materialised. The RM9.5bil project has been dealt a blow after Putrajaya withdrew its RM2bil government guarantee for the state government to finance ... Read More
Penang LRT project to go on with other financing options
Penang will not give up on its proposed Light Rail Transit (LRT) project despite Putrajaya withdrawing its guarantee, said Chow Kon Yeow. The Penang chief minister said the state will continue with its LRT project as it generally has several other financing options to fund projects under the Penang Transport ... Read More
Not enough low-cost housing to meet the demand in Penang Island
State Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo, said that as of 30 September, there were 3,866 applicants in the Southwest District waiting for the allocation of low-cost housing, but there were only 1,175 low-cost housing units (RM42,000) available waiting to be allocated. He said that the above project ... Read More
Putrajaya pulls back govt guarantee for Penang’s RM2b loan to finance LRT project
Putrajaya has decided not to proceed to grant a government guarantee for a US$500 million (RM2.04 billion) loan application by Penang to partly finance its RM9.5 billion light rail transit (LRT) project. Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said the decision was in line with the revised ... Read More
Upcoming foreign workers dormitory at Valdor
GUH Realty Sdn. Bhd. (a subsidiary of GUH Holdings Berhad) and Centralised Dormitory Sdn Bhd will be jointly developing 5 blocks of 5-storey foreign workers dormitory in approximately 7.5 acres of land at Valdor, Penang. It is located along Jalan Nafiri, adjacent to North-South Expressway. This development comprises a total of ... Read More
Automatic approval for extended moratorium on loan repayment for B40 and micro enterprises
The government has instructed banks to automatically approve applications to freeze loan repayments by applicants in the bottom 40% income group (B40) as well as micro-enterprises with debts of below RM150,000. Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz (pictured) announced this today during his winding-up speech on Budget ... Read More
Penang Island is one of the “11 Best Islands for Retirement Abroad”
Penang has been named as one of the "11 Best Islands for Retirement Abroad" by International Living, a website that covers global retirement or relocation opportunities, earlier this month. The other islands which made into the list were Mallorca in Spain, Ambergris Caye in Belize, Ireland, Roatan in Honduras, Isla ... Read More
Ivory Properties gets green lights to buy land opposite Queensbay Mall
Ivory Properties Group Bhd (IPGB) said it has received the shareholders’ approval for the acquisition of two pieces of adjoining freehold land, totaling 1.98 hectares (ha), located opposite Penang Queensbay Mall. The announcement was made following IPGB’s virtual Extraordinary General Meeting (EGM) today, in which shareholders and proxies participated in the meeting via ... Read More
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- Affordable Housing (Penang Island)
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- Penang Arts District
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