A NEW paired road costing RM300mil will be built to connect Lebuhraya Thean Teik in Bandar Baru Air Itam to Lebuh Bukit Jambul, Penang, Chief Minister Lim Guan Eng said. The new link - Jalan Bukit Kukus - is an alternative way to ease traffic congestion in Jalan Paya Terubong, ... Read More

THE state government has managed to get a developer to build 7,658 affordable homes in Paya Terubong, Penang. Chief Minister Lim Guan Eng said PLB Land Sdn Bhd had agreed to build the units ranging from 750 to 1,000sq ft priced between RM292,500 and RM390,000. The developer is also the ... Read More

PROPERTY experts say the findings of the Property Market Report 2013, released last week by the National Property Information Centre, came as no surprise, with the various cooling measures having their intended effect of curbing speculation and excessive price growth. Less certain is whether demand will recover in earnest during ... Read More

EASTERN & Oriental Bhd’s unit Tanjung Pinang Development Sdn Bhd can look forward to getting the go-ahead from the Penang government for its Seri Tanjung Pinang (STP) phase two project if it complies to all the technical and regulatory requirements for the project. In an interview at the Chief Minister’s ... Read More

THE Penang Municipal Council has decided the reduce the annual property value (APV) for One World and One Sky small office/ home office units by 10%. Council Financial Management Committee alternate chairman Joseph Ng Soon Siang said the 10% APV reduction had no bearing on the property’s 10.3% annual assessment ... Read More

The various cooling measures on the property sector dampened transactions last year, with the volume of properties bought and sold dipping by 10.9% from 2012, even as total value rose 6.7%, a sign that prices did not come down. According to the Property Market Report 2013 released by the Valuation & Property Services ... Read More

ALMOST 40% of the 198 Delima Emas Condominium units in Juru, Bukit Mertajam, have been sold, three weeks after the project’s soft launch. Property development E.W. and Associates Sdn Bhd director Chua Eng Kee said response to the project was good with some 80 units had been snapped up. “One ... Read More

PETALING JAYA: Nadayu Properties Bhd, which has just completed its privatisation exercise, aims to launch five projects with a combined gross development value (GDV) of RM1.5bil this year. Executive chairman Hamidon Abdullah said the company had lined up four projects in the Klang Valley and one in Penang to be ... Read More

Eastern & Oriental Bhd’s subsidiary has received the conditional approval letter from the Department of Environment (DOE) for its proposed reclamation of Phase 2 of Seri Tanjung Pinang in Tanjung Tokong, Penang. It said on Monday the approval letter given to Tanjung Pinang Development Sdn Bhd (TPD) was for the ... Read More

THE PROJECT Developer E.W. & Associates Sdn. Bhd., having successfully completed some 1,200 units of affordable residential units at Taman Seri Delima launch yet another affordable housing project. This latest launch consists 198 of condominium units - Condo Delima Emas - covering 2 tower blocks that is annexed to a ... Read More