The physical works of the Gurney Wharf project are expected to start in the fourth quarter of this year and it would take three years to complete. Penang Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said initially the works on the project were supposed to ... Read More

EcoWorld Development Group Bhd (EcoWorld Malaysia) reported robust sales growth in the third quarter ended July 31 (Q3’21), boosted by its success in converting digital leads into purchases during the MCO lockdown period. EcoWorld Malaysia recorded RM2.873bil sales in Q3’21 and by Aug 31, sales had reached RM3.11bil. Sales increased ... Read More

The property market is expected to be on the recovery path in line with the gradual economic recovery, supported by the implementation of various government initiatives and assistance, said the National Property Information Centre (NAPIC). It said the property market performance recorded a significant increase in the first half of ... Read More

The Singapore-owned Hotel Royal Penang is set to shutter soon. The 276-roomed four-star business hotel which is located along Jalan Larut is one of several hotel properties owned by Hotel Royal Limited in Singapore, Malaysia and Thailand. "Due to the Covid-19 pandemic, the management has decided to undergo a restructuring ... Read More

The Penang State Government will resubmit the environmental impact assessment (EIA) report for the Penang South Reclamation (PSR) project to the Department of Environment (DOE), says State Infrastructure and Transport Committee chairman Zairil Khir Johari. He said the project was for the state's economic recovery post-COVID-19, and he hoped it ... Read More

Penang has proposed a test run for the reopening of spacious outdoor tourist attractions in the state before embracing the full resumption of travel activities, says state executive councillor for Tourism and Creative Economy Yeoh Soon Hin. Yeoh, in a statement yesterday, said the test run is aimed at fine-tuning and ... Read More

State executive councillor Jagdeep Singh Deo has proposed to the Federal Government to prohibit foreigners and locals from rental of low-cost and low medium-cost housing schemes as well as to enact legislation regarding urban regeneration. He said he was very happy that Housing and Local Government Minister Datuk Seri Reezal Merican ... Read More

At Mezzo, the first residential component at The Light City mixed-use development on Penang island, 40% of its 456 units of luxury seafront condominiums have been taken up since its launch in April this year. The developer is IJM Perennial Development Sdn Bhd, a joint venture between IJM Corp Bhd ... Read More

About The Amarene Part of Ideal Vision Park development by Ideal Homes in Bayan Lepas, Penang. This development is strategically located along Jalan Tun Dr. Awang, adjacent to Tree Sparina condominium. It is just a mere minutes drive to Straits International School and Penang International Airport. Featuring a 35-storey condominium that ... Read More

While the Covid-19 pandemic has shaken up the investment plans of property developers over the last year-and-a-half, the outlook of certain subsectors remains resilient and continue to attract focus. In a survey by Knight Frank on the investment outlook for Malaysia, it points out that a majority of developers and lenders ... Read More