Property News
Penang Hill cable car project is still in the plan
The proposed Penang Hill cable car project does not affect the Unesco recognition of the Penang Hill Biosphere Reserve, says state Local Government, Housing, Town and Planning Committee chairman Jagdeep Singh Deo. He said many areas which have been listed as Unesco biosphere reserves throughout the world have cable car ... Read More
Aspen Group Kicks Off a Limited Flash Deals in its Craze Race Campaign
The award-winning and forward-looking property developer, Aspen Group is creating a sensation in the property market by offering unbelievable flash deals on exclusive units of its completed projects for a limited period of time as part of its Craze Race Campaign. The Craze Race Campaign that started on 9th September ... Read More
Esplanade seawall project to be completed by Q1 next year
The seawall restoration project at the Esplanade would be completed in the first quarter of next year while the Fort Cornwallis moat reinstatement project, which would be implemented next year, would be completed in 2024. YB Jagdeep mentioned this during a press conference on the current status of the Penang Hill Special ... Read More
SITE PROGRESS: Queens Residences (Sept 2021)
About Queens Residences Luxury waterfront development by Ideal Property Group at Bayan Bay with gross development value (GDV) of RM600mil. This development is located in front of BayStar Condominium, just stone’s throw away from Queensbay Mall. Find out more about Queens Residences Register your interest here to keep yourself updated with ... Read More
Gurney Wharf physical works scheduled to start at the end of this year
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 Malaysia surpasses full-year sales target in 10 months
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
Property market on recovery path amid govt initiatives
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
Hotel Royal Penang to cease operations
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
Penang govt to resubmit EIA for PSR project
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
Four outdoor attractions in Penang may open on a trial basis
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
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- @SAM ..same here but i cabut lvl 32 and carpark lvl 6.Somemore my unit facing...leeceo on Ideal Venice Residency
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- @Goppal Balan within the same building ...Cammy on SITE PROGRESS: Avion Residence (Jan 2026)
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OTHER DEVELOPMENTS
- Affordable Housing (Penang Island)
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- Penang Arts District
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