Property News

SITE PROGRESS: The Zen (Dec 2021)
About The Zen A mixed development by Asia Green at Bayan Mutiara. It is located next to Tun Dr. Lim Chong Eu Expressway, just a short drive away from the ongoing Penang World City township development by Tropicana Ivory. This development comprises a 46-storey skyscraper with two residential towers, and shop ... Read More

Gurney Wharf scheduled to open in stages by end of next year
Construction works of several components are scheduled to begin in Gurney Wharf by middle of next month. Penang Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the state government looked forward to the groundbreaking ceremony. “There are several components that need to be worked on, ... Read More

Property prices will rise next year as construction materials become more expensive
Homebuyers and investors should buy now because property prices are expected to rise next year due to higher building material costs in most building categories, according to Knight Frank Malaysia deputy managing director Keith Ooi. Ooi said, rising material costs will eventually have a trickle-down effect on selling prices. "Any ... Read More

PDC is planning for two more GBS buildings in the state
The Penang Development Corporation (PDC) is planning to set up two more Global Business Services (GBS) buildings in the state to meet the growing needs of the GBS market. One of them will be located near the existing GBS@Mayang, while the other will be situated in the Bayan Lepas industrial area ... Read More

Kerjaya Prospek buys Batu Kawan land
Kerjaya Prospek Property Bhd’s wholly-owned subsidiary, Pixel Valley Sdn Bhd (PVSB), is acquiring a 1.97 hectares freehold land from Aspen Vision City Sdn Bhd (AVC) in Penang for RM27.57 million. In a filing with Bursa Malaysia today, it said PVSB has entered into a purchase and development agreement with AVC ... Read More

SITE PROGRESS: Nusacinta @ Setia Fontaines (Dec 2021)
About Nusacinta @ Setia Fontaines The second residential component to be launched in the 1,675-acre Setia Fontaines master-planned township development by SP Setia. This will be the first gated residential precinct located next to the 63-acre man-made lake with a musical fountain. It comprises a total of 294 landed residential units, offering a few types of landed houses ... Read More

Land reclamation can be a good thing
Despite the bad press and claims by non-governmental organisations that Penangites are generally against reclamation projects, many people and local businesses have benefited from such developments. Reclamation projects have given locals a place to call home and access to important infrastructure, and businesses new opportunities that generate new economic activities ... Read More

JHM and QES spread their wings to Batu Kawan Industrial Park
The Batu Kawan Industrial Park (BKIP) in south Seberang Perai, which is poised to be the next ‘Silicon Valley of the East’ after Bayan Lepas Free Industrial Zone (FIZ), continues to attract an influx of investments and job creations from local corporations. Two public-listed large local companies (LLCs), namely JHM ... Read More

Penang may consider another avenue to build LRT if reclamation project scrapped
Penang will consider building its light rail transit (LRT) line separately from an earlier transport master plan if the three islands project does not get regulatory approval. Previously, the three islands project, known as the Penang South Reclamation (PSR), was supposed to finance the LRT project with land from the ... Read More

PWD plans to upgrade roads in Bukit Tengah
The state Public Works Department (PWD) will make an application for an allocation to upgrade the roads in Bukit Tengah to ease traffic congestion. State Transport and Infrastructure Committee chairman Zairil Khir Johari (PH-Tanjung Bunga) said the Jalan Permatang Tinggi is a federal road and the allocation had already been ... Read More
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- @Tui So u mean andaman island landed property will be cheaper than the condo launched?...Minion on 80% of Gen Z Malaysians opt for high-rise living
- I wonder which government authority is responsible for this condo approval. Why the review taking...666 on Mezzo @ The Light City
- Very disappointed with IJM. I did not expect them to delay our VP, and until...666 on Mezzo @ The Light City
- @Hon Very true. I have Semi D in Greenland current market price around 2M but...Network on 80% of Gen Z Malaysians opt for high-rise living
- @Minion I am from Sabah living at landed for my childhood but Im enjoying living...LOL on 80% of Gen Z Malaysians opt for high-rise living
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- @Minion You keep silent because it's fact that new condo is more expensive than landed....Tui on 80% of Gen Z Malaysians opt for high-rise living
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OTHER DEVELOPMENTS
- Affordable Housing (Penang Island)
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