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Property News

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Pact gives new lease of life to Penang Turf Club land

The PGCC was a proposed project to be located at the PTC grounds, carrying a gross development value of RM25 billion and to be built over a span of 15 years by its developer Abad Naluri Sdn Bhd, an associate company of Equine Capital Bhd. Abad Naluri bought the land ... Read More
BLand to buy land from Penang Turf Club

BLand to buy land from Penang Turf Club

PETALING JAYA: Berjaya Land Bhd (BLand) has entered into a conditional sale and purchase agreement with Penang Turf Club to acquire 57.3 acres of prime freehold land for RM459mil cash for high-end residential property projects. In a filing with Bursa Malaysia yesterday, BLand proposed development that includes (but not limited ... Read More
Berjaya Land to tap demand for high-end landed property

Berjaya Land to tap demand for high-end landed property

GEORGE TOWN: Berjaya Land Bhd (BLand) plans to build a low-density gated residential project with an estimated gross development value of RM1.52 billion on its new Penang land. The project will be marketed as high-end exclusive residences which will include bungalows, semi-detached and condominium units. The company is also planning ... Read More
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Berjaya revisits Penang

 Berjaya Corp Bhd founder and chairman Tan Sri Vincent Tan yesterday said the company is happy to be back in the state. "I was unhappy 18 years ago and I had said then that I don't want to invest in Penang anymore. "But I am pleased to be back here ... Read More
Housing project in Batu Kawan is finally completed

Housing project in Batu Kawan is finally completed

A LONG-DELAYED housing project in Batu Kawan in south Seberang Prai comprising 798 houses including 330 low-cost units has been completed and awaiting certificate of fitness (CF) approval. Equine Capital Berhad chief operating officer Ranjeet Singh said the low-cost houses are priced at RM42,000 unit while the remaining 468 units ... Read More
Retail centres, not shopping malls

Retail centres, not shopping malls

UNIQUE retail centres should be introduced in heritage buildings as a way to modernise them, according to a French expert who specialises in city and cultural development. “I encourage small independent businesses that promote local culture and sell meaningful goods and services where a balanced blend of traditions and contemporary ... Read More
Pressure piling on builders

Pressure piling on builders

BALIK PULAU: Penang Barisan Nasional is now claiming that the DAP-led state government is piling on the pressure on developers here by demanding that they contribute more funds to Penang.This has inadvertently led to the rise in property prices as the builders have to pass on the additional costs to ... Read More
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Shineville Villas

Shineville Villas is an exclusive 3-storey terrace which moves towards comtemporary living lifestyle. Total of 91 units are based on approximately 3,000 sq ft total built up through extraordinary for you to discover the uniqueness of yourself. Ease off your mind and soul in a place where harmonics and luxuries ... Read More
Oversupply of new launches?

Oversupply of new launches?

There are concerns that Penang island cannot absorb the high number of projects The planned development of RM29.6bil worth of properties on Penang island in the next 10 to 15 years has raised concerns over the capacity of the market to absorb them. The properties are planned for 1,121.56 acres ... Read More
Penang Hill to get better facilities soon

Penang Hill to get better facilities soon

Penang Hill and its surrounding localities will be upgraded at a cost of RM8.6mil as part of efforts to ease the traffic congestion there during the peak season and to provide a sheltered walkway for visitors. Penang Hill Corporation (PHC) general manager Datuk Lee Kah Choon said it would be ... Read More