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 project, said Chief Minister Chow Kon Yeow (pic). The 7.2km tunnel project costing RM6.3bil connects Gurney Drive to Bagan Ajam in Seberang Prai and is ... Read More

Transport Minister Anthony Loke today gave a commitment that the systems upgrade for the Penang ferry service, will begin next year. The upgrading project to be undertaken by Prasarana Malaysia Bhd (Prasarana), the owner and operator of transportation services in the country, will include the introduction of catamarans apart from ... Read More

Bank Negara Malaysia’s easing of eligibility requirements for its RM1 billion Fund for Affordable Homes should lead to at least a 20% increase in home loan approvals for first-time homebuyers, said Finance Minister Lim Guan Eng. He added that it will help first-time homebuyers see a 20% reduction in their ... Read More

The Penang branch of the Malaysian Institute of Estate Agents (MIEA) has asked that the government extend the incentives under its Home Ownership Campaign (HOC) to encompass the secondary market. MIEA Penang chairman Christina Choong said house buyers were given stamp duty exemption under the HOC but this only applied ... Read More

The Penang Transport Master Plan (PTMP) is a comprehensive five-in-one transport blueprint consisting of light rail transit (LRT)/monorail, ferries, taxis, buses and water taxis to meet Penang’s needs over the next 50 years. The Bayan Lepas LRT (BL LRT) is the first urban rail line to be built under the ... Read More

The current unrest and chaos in Hong Kong may create more business and property sale opportunities in Penang, says Chief Minister Chow Kon Yeow. He said Penang had always been a destination for investment, tourism and business. “In light of the problems in Hong Kong, we may see more businesses ... Read More

The Penang State Government is still looking at various options on the mode of public transport deemed the most suitable for the Penang Transport Master Plan (PTMP). Chief Minister Chow Kon Yeow (pictured) said the state government has yet to decide which mode would be most suitable, be it light ... Read More

The National Home Ownership Campaign (HOC) initiated by the government to promote home ownership in Malaysia. The campaign is expected to run until 31 December 2019. During this period, home buyers will enjoy stamp duties exemptions on Sale & Purchase Agreement (SPA) and Loan Agreement. A minimum of 10% discount from the ... Read More

The Penang Development Corporation (PDC) has commenced the construction of a building to cater to the current demand for office and work spaces after the proposed RM1.3 billion Business Process Outsourcing Prime (BPO Prime) project has been shelved. Penang Chief Minister Chow Kon Yeow said the smaller project would be ... Read More

Now that the HOC has received the nod to extend its campaign and seamless benefits until the end of December by many, make your way down to the Affordable Homes, Primary & Secondary Market at the PECC (Sunway Carnival Mall Level 4) on the 23rd to the 25th August 2019 ... Read More