Business Times has learnt that SP Setia Bhd and Ivory Properties Group Bhd are the companies that have responded to Penang state government's tender to develop the Bayan Mutiara land. The tender is part of the state government's efforts to raise funds. Sources said of the two companies, Ivory Properties ... Read More

IVORY Property Group’s Moonlight Bay project has received the Best Leisure Development Award at the Asia Pacific Property Awards 2011 in Shanghai. A record 21 countries took part in the competition this year, which was part of the International Property Awards covering residential as well as commercial categories. The group’s ... Read More

Property players are eagerly waiting for clear guidelines from the Government on how the recently launched My First Home (MFH) scheme is supposed to work. Social housing generally does not provide good returns, developers and consultants point out, and without concrete details, it is even harder to expect the private ... Read More

Besides the possibility of the Government providing land for free or at low cost, another issue surrounding the My First Home (MFH) scheme is the general consensus that it is unrealistic to have the same limit on monthly income and property price across the country. To date, it has been ... Read More

KUALA LUMPUR: Mah Sing Group Bhd yesterday introduced a loyalty rewards programme called "M Club" designed to keep its custo-mers returning to the developer and buy more properties in Johor Baru, Penang and Klang Valley. The enhanced loyalty programme offers its 10,000 members the chance to enjoy privileges and discounts ... Read More

STAR Property Fair is back this year ? bigger, better and spread over four days for the first time.Touted as Penang?s premier pro-perty expo, the fair?s ninth edition will be held at Gurney Plaza and the adjoining G Hotel from July 21 to July 24.The exhibition will feature an exciting ... Read More

TWO dozen delegates from the Badan Pelestarian Pusaka Indonesia (Indonesian National Heritage Trust) on a capacity-building trip to Penang spent almost three days taking in the historical sights of George Town.Comprising architects, planners, urban designers, archaeologists, heritage property owners, lecturers, government officers and journalists, their visit was in part, to ... Read More

GEORGE TOWN: The federal government will build a new dam besides enlarging the Mengkuang dam in Penang in a bid to increase water capacity in the state by 3.8 times. State Barisan Nasional (BN) working committee chairman Datuk Dr Teng Hock Nan, said the RM1.2 billion project would be implemented ... Read More

THE Pulau Tikus and Jelutong markets are up next for upgrading works in the Penang Government's effort to uplift markets in the state.Chief Minister Lim Guan Eng said two tenders, at RM877,754 and RM810,370 respectively, had been approved to upgrade the markets."The Pulau Tikus Market is the fifth market on ... Read More

GEORGE TOWN: The affordable quality housing programme launched under a public-private partnership initiative for urban centres, particularly the Klang Valley, is to be extended to the whole country, Deputy Prime Minister Tan Sri Muhyiddin Yassin said Sunday. He said Prime Minister Datuk Seri Najib Tun Razak had agreed to extend the programme, ... Read More