Property News
Island Plaza is set for a new revival
A Hong Kong businessman, who is among many on the lookout for prime land and buildings in the state, has snapped up the long-neglected Island Plaza in the area and promises to make it a big draw again. The buyer, known only as Law, said he would bring Hong Kong’s ... Read More
State govt submits new EIA for Penang South Reclamation project
The Penang state government has submitted a new and updated Environmental Impact Assessment (EIA) for the Penang South Reclamation (PSR) project even as the state’s judicial review application to reinstate the approval for the original EIA hits a snag. Penang state exco Zairil Khir Johari said the state is going ... Read More
Labour shortage dampen construction industry
The long-standing issue regarding the shortage of workers has once again been brought up in the meeting with the Penang government. Delegates from the Penang Master Builders, led by its president Datuk Goh Teng Whoo, paid a courtesy call on Chief Minister Chow Kon Yeow early this morning. Goh said ... Read More
Handover ceremony of Iconic Point took place on Tuesday at Simpang Ampat
Iconic Point at Simpang Ampat has been completed and the handover ceremony of the unit shop offices to the buyers was held on Tuesday evening at the site. The Iconic Point is developed by Iconic Worldwide Berhad (IWB) and is the first commercial project in Simpang Ampat which offers semi-detached ... Read More
Waterside Residence – Enjoy great savings with Big Wave Promo!
Waterside Residence, which comprises 256 units, is located right at the starting point of the Penang Bridge. A freehold condominium unit prominently situated along Penang's eastern coastline, facing calm waters between the island and mainland Penang. Waterside Residence is a stone's throw away from shopping hotspots such as Queensbay mall ... Read More
Groundbreaking ceremony for SJKC Kuang Yu at Batu Kawan to be held in Dec this year
SJKC Kuang Yu is set to break ground for its new campus located on a 6-acre plot provided by the Penang Development Corporation (PDC) in Batu Kawan. Located along Jalan Cassia Barat 1, about 5 minutes walking distance from Suria 1 affordable housing scheme by PDC. Upon completion, there would ... Read More
Flood mitigation project at Jalan P. Ramlee to complete by year-end
While awaiting the implementation of the Sungai Pinang flood mitigation project, short and medium-term projects have been executed by the Penang government to minimise the magnitude and flood frequency in the area. Chief Minister Chow Kon Yeow said part of Jalan P. Ramlee (from the Jalan Ismail Cik Matt junction to ... Read More
SITE PROGRESS: Ferringhi Hills (Aug 2022)
About Ferringhi Hills A landed residential development within the established township of Batu Ferringhi. It is located along Persiaran Sungai Emas 1, only 10 minutes walk to Ferringhi Beach. It will feature a mix of 3-storey terrace (with lower-ground level) and semi-detached, bungalow houses, to be constructed in two phases. Find ... Read More
Tightening supply to curb residential home price drop
Residential homes in Malaysia may soon find a floor price due to the 47% reduction in completed dwellings and 9% decline in new planned residential supply, said Juwai IQI. The international real estate technology group said the property sector will reduce supply enough to limit future price declines. “As agents, ... Read More
SITE PROGRESS: Marriott Residences (Aug 2022)
About Marriott Residences A mixed development by BSG Property in Georgetown in Penang. It is located between the famous tourist belt of Gurney Drive and Kelawai Road, next to Evergreen Laurel Hotel. The project comprises a 55-storey skyscraper, featuring a mixed of hotel rooms and condominium units Find out more about Marriott Residences Register your interest ... Read More
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