Property News

Plenitude to boost size of landbank
Property developer, Plenitude Bhd, is on the lookout for more land in Malaysia as well as other countries within the Asean region to boost its landbank size, Executive Chairman Elsie Chua said.Currently, the company has about 720 hectares (1,800 acres) of undeveloped land in Penang, Kedah, the Klang Valley and ... Read More

Guan Eng: Penang provides low-cost homes through PDC
GEORGE TOWN: Chief Minister Lim Guan Eng has admitted that the state government has not been building affordable homes. However, he said the state had provided low-cost houses through itsPenang Development Corporation (PDC). “Almost 11,000 low-cost homes had been built by the state government,” he pointed out. “Some 3,000 were built through ... Read More

Buah Pala lots go to PKR men
GEORGE TOWN: Allegations have surfaced accusing Pakatan Rakyat politicians of giving special preference to their cronies in awarding lots for the Kampung Buah Pala compensation houses. Following the handing over of keys for the 24 lots on Sunday, it was found that the personal assistants of DAP and PKR leaders ... Read More

96 bumiputera subcontractors involved in Penang Second Bridge project
KUALA LUMPUR: Ninety-six Bumiputera subcontractors, including that of Class F, are involved in the ongoing Penang Second Bridge project with contracts valued at RM961 million, Works Minister Datuk Shaziman Abu Mansor said. He said these Bumiputera subcontractors made up 48% of the total subcontractors appointed for the project, which was ... Read More

Uneasy about high-rise project
A GROUP of residents from the Pykett Avenue, Khaw Sim Bee Road and Westlands Road area in Penang are raising queries and concerns about a high-rise property development in the vicinity. The group said they were facing existing traffic problems and floods caused by heavy rains, and were worried about ... Read More

Penang move raises investors' eyebrows
Chief Minister Lim Guan Eng has said the decision was made after public consultation and it also took into view that BHB had sent a letter of defamation to one of its assemblymen over public remarks in defending the interest of his constituents where the proposed reclamation was to take ... Read More

Bad Accident Near Plexus Traffic Lights – Oct 20
Out of topic a little, but I think many are interested to know why it was a bad jam along Tun Dr. Lim Chong Eu Expressway this morning. These photos are forwarded by one of the reader: ... Read More

Developer Mah Sing targets RM2.5bil sales next year
PETALING JAYA: Mah Sing Group Bhd will focus on lower-priced and smaller units of serviced apartments in the next two years to cater to demand of the young population. Managing director/chief executive Tan Sri Leong Hoy Kum said the property developer would also offer lower-priced strata landed units. “We are ... Read More

Penang opposes Boustead's reclamation plans
GEORGE TOWN: The Penang government has decided to go back on a land reclamation deal with Boustead Holdings Bhd, which was part of a compensation mechanism for the latter, after it scaled down its Royale Bintang Hotel project in the heritage core zone.Penang Chief Minister Lim Guan Eng said the ... Read More

Nadayu Properties to buy more land
KUALA LUMPUR: Nadayu Properties Bhd, formerly known as Mutiara Goodyear Development Bhd, will use part of the cash from disposing of its non-core assets to buy land in the Klang Valley. Yesterday, shareholders approved Nadayu's plan to dispose of four office lots and 3,087 car-park bays in Selangor to a ... Read More
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