Ideal United Bintang International Berhad (IUBIB) has announced to Bursa Malaysia its proposed acquisition of 1st Avenue Mall in George Town at RM153 million last week. The company’s subsidiary, I Homes Properties Sdn Bhd (IHomes), entered into a conditional sales and purchase agreement with 1st Avenue Mall Sdn Bhd (1AMSB) ... Read More

Penang Island is sometimes known to have some resemblance to Singapore. Both Penang Island and Singapore are separated from the mainland by a narrow strait with a lack of land for development. The government in both Penang Island and Singapore generally encounters similar challenges whenever there is a need to ... Read More

Land is a scarce resource on Penang island. Luckily, in these modern times, we do not have to go to war to seek territorial expansion. There is something called reclamation, which is common in the world nowadays. For Penang, reclamation is nothing new as it was done in Bayan Lepas ... Read More

Seberang Perai became the nation’s 14th city today, and its outgoing municipal council president, Datuk Rozali Mohamud, was appointed mayor. The Seberang Perai Municipal Council (MPSP) was officially declared the Seberang Perai City Council (MBSP) by Penang Yang di-Pertua Negri Tun Abdul Rahman Abbas in conjunction with Malaysia Day. The ... Read More

Penang property owners have to be prepared to pay higher assessment rates next year as the state’s two local councils review the rates to counter increased expenditures. All property owners will receive the notices on the increase this month, and they have up to October 14 to send in appeals ... Read More

The proposed Penang undersea tunnel project report submitted for review by the technical consultant is over 90% complete and there’s no plan to stop the projects. We have also touched on the Penang Sky Cab cable car project, which will link Seberang Prai to the island. In the interview below, ... Read More

All parties should stop the polemic over the issue of unsold luxury properties in the country as they are being promoted abroad under the procedures and conditions of Malaysia My Second Home (MM2H) programme. Deputy Housing and Local Government Minister Datuk Raja Kamarul Bahrin Shah Raja Ahmad Baharuddin Shah (pictured) ... Read More

Penang’s two local councils will be increasing the assessment rates on all properties within the state in 2020. State local government, housing development and town and country planning committee chairman Jagdeep Singh Deo said the hike was due to higher spending costs. “It has been 15 years since we reviewed ... Read More

All Seasons Park, is a completed landmark development in Ayer Itam, ushering in a contemporary modernity that subtly resonates with the busy, colourful vibe of this well-known Penang suburb. This integrated development promises a complete lifestyle experience to those born and bred in Penang, who may be returning to their ... Read More

Penang’s first LRT project has been approved by federal government on 16 July 2019, with 30 conditions for the state to comply. A three-month public inspection process started Aug 19 to obtain the views of Penangites. The public can now find out more about the LRT project at four fixed locations during office ... Read More