Property News

Seven spots shortlisted for new cable car station
Seven possible spots to build a cable car station in Penang were proposed during the Penang Hill Special Area Plan (SAP) (Substitution) public hearing. The possible locations include Teluk Bahang, Balik Pulau, Penang Rifle Club’s site outside Penang Botanic Gardens, City Park, Penang Turf Club, near Penang Hill Railway’s lower ... Read More

Penang Housing Board to function beginning next year
Penang's housing sector is set to undergo a new chapter when the Penang Housing Board Enactment 2010 which was passed in the State Legislative Assembly back then, comes into effect on Jan 1 next year. State Local, Government Housing, Town and Country Planning Commitee chairman Jagdeep Singh Deo expressed his gratitude ... Read More

COVID-19: One resident in Woodsbury Suites diagnosed with Covid
A resident in Block B of Woodsbury Suites at Butterworthth was diagnosed with COVID-19 yesterday. The apartment management issued a notice today confirming the matter. The apartment also followed the instructions of the Ministry of Health to implement epidemic prevention measures, including using disinfectant to disinfect public areas in the apartment and ... Read More

Kerjaya Prospek secures another contract in Seri Tanjung Pinang 2 project
Kerjaya Prospek Group Bhd has bagged an RM64 million contract to build a sewerage plant for the Seri Tanjung Pinang (Phase 2A) development (STP2) in Penang. This is the group’s fifth contract in STP2, which is developed by Tanjung Pinang Development Sdn Bhd, an indirect subsidiary of Eastern & Oriental ... Read More

Penang to sell state land via open tender to increase revenue
Penang will sell state land at market price via open tender in order to raise revenue. Chief Minister Chow Kon Yeow in his winding up speech at the state legislative assembly here today, said the move was to manage the deficit budget tabled for 2021. With the move, he added, ... Read More

Redevelopment for PDC’s landed housing project at Pintasan Cecil and Pengkalan Weld
The State Government through the Urban Redevelopment Committee (URC) is advised to implement redevelopment for housing projects owned by the Penang Development Corporation (PDC) around Pintasan Cecil and Weld Quay. Pengkalan Kota State Assemblyman (ADUN), Danial Gooi Zi Sen said, the move is appropriate as the housing projects are developed with a ... Read More

Gurney Wharf project to start work in early 2021
The construction works for the components of the Gurney Wharf project are scheduled to take place early next year. Penang Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the construction works for the entire project would take about two years. “We hope that the public ... Read More

Penang to call for RFP for Penang Hill cable car project next month
The Penang government, through the Penang Hill Corporation, will issue a Request For Proposal (RFP) likely next month for its proposed Penang Hill cable car project. Chief Minister Chow Kon Yeow (PH – Padang Kota) told the State Legislative Assembly in Dewan Sri Pinang today that project would be implemented with ... Read More

PTMP projects to kick off only after obtaining approvals
The Penang government has reiterated that the projects under the Penang Transport Master Plan (PTMP) would only start after the respective projects obtained the approvals. State Transport and Infrastructure Committee chairman Zairil Khir Johari (PH-Tanjong Bunga) said the Penang government would not start any of the project without first obtaining the ... Read More

Property market saw price correction in first-half 2020
The property market experienced a correction in terms of pricing with more affordable housing launched in the first half of 2020 (1H2020). National Property Information Centre (Napic) director Aina Edayu Ahmad said half of the new launches in 1H2020 comprised houses priced at RM300,000 and below (6,657 units), while the ... Read More
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- @Millionaire I doubt a millionaire will stay in an apartment at Perak lane, definitely is...millionaire on Twin Star
- What's the take up rate of this condominium? ...PPbee123 on The Lume @ Andaman Island
- @LOL Pier ...LL on Merione Grand
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- @Ryu More like the developer is in panic mode losing to The Cube, and is...Hee Chan on Twin Star
- @Goppal Memorable but not put to good use anyway. Not like they turn it into...Islander on Iconic Boon Siew Villa demolished for luxury residential project
- @Hee Chan Quite unlikely, it is almost 4% of the sales price already. I truly...Floyd on Twin Star
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OTHER DEVELOPMENTS
- Affordable Housing (Penang Island)
- Butterworth Arena
- Columbia Asia Medical Centre
- Eco-Tourism Hub @ Batu Kawan
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- GBS @ The Waterfront
- GBS by The Sea
- Gurney Wharf
- IKEA Batu Kawan
- Island Medical CIty
- Kobay Jelutong
- Lin Xiang Xiong Art Gallery
- Linear Waterfront
- Mitsui Outlet Park @ PIA
- One Auto Hub @ Batu Kawan
- Penang Arts District
- Penang Eastern Seafront Development
- Penang Medical & Digital Technology Hub
- Penang Premium Outlets (Design Village)
- Penang Sentral
- Penang South Islands
- Penang Transport Master Plan
- Penang Waterfront Convention Centre
- Penang World City
- PIA Expansion
- Silicon Island
- Teluk Bahang Wellness Resort
- The Ship Campus (ALC College)
- The Top @ Komtar
- Wellness City of Dreams