Property News

Cable stay bridge for Pan Island Link 1
Part of the highway under the Pan Island Link 1 (PIL 1) project that would pass through the City Park in George Town, Penang, will be in the form of a 250m-long cable stay bridge. Chief Minister Chow Kon Yeow said studies had shown that such a design would have ... Read More

10% drop in unsold residential properties in Penang
Malaysia has recorded a total of 32,313 units of unsold completed residential properties in 2018 valued at about RM19.8 billion. This is a 30.6% increase from 24,738 units recorded in 2017, according to the National Property Information Centre’s (Napic) Property Market Status Report for 2018. The highest number of unsold ... Read More

Botanica.CT Redefines Better Living in Balik Pulau
Located in southwest district of Penang island, Botanica.CT is a self-sustaining 300-acre garden township development by MTT Properties Sdn. Bhd. in Balik Pulau. Once being known as a home to an aging population, Balik Pulau has embraced urbanization in the past few years with modern amenities mushrooming within the vicinity ... Read More

Refer to Finance Ministry if home loan application rejected
Action will be taken against banks who “deliberately” do not give out housing loans to those who are eligible or who fulfill the criteria. “If you have difficulty getting loans, refer to MoF (Ministry of Finance),” advised Finance Minister Lim Guan Eng, telling homebuyers to escalate their grievances to the ... Read More

Construction of the Air Itam – LCE Expressway bypass will start Sept 1
After years of delays, construction of the elevated highway from Air Itam to Tun Dr Lim Chong Eu Expressway will start on Sept 1. The highway is a vital road for some 300,000 Penangites living in the most densely populated part of the island. The Yang di-Pertua Negri Tun Abdul ... Read More

Penang Govt optimistic of moving forward with urban regeneration projects
The Penang government is looking forward to positive news from the Federal Government concerning the implementation of urban regeneration projects in the state. State Housing, Town, Country Planning and Local Government Committee chairman Jagdeep Singh Deo said they are waiting for Putrajaya to guide them forward in their efforts towards ... Read More

Penang CM: No approval on PSR yet
Chief Minister Chow Kon Yeow has clarified that there is no approval yet for a plan to reclaim three man-made islands off the southern coast of Penang island. He said the state government must follow the 18 points of advice set by the federal government. “I did not say that ... Read More

Federal Government approved Penang South Reclamation project
The National Physical Planning Council (NPPC) has approved the proposed Penang South Reclamation (PSR) project to create three islands off the southern coast of the main island. Penang Chief Minister Chow Kon Yeow, in a brief statement, confirmed that the NPPC had agreed to the implementation of the project as ... Read More

Air Itam link road to be completed by May 2020
Traffic congestion in Jalan Air Itam and Jalan Thean Teik would ease when the RM3.7 million project to link Jalan Pisang Berangan and Jalan Thean Teik is completed by May next year. Air Itam assemblyman Joseph Ng said the project, financed by Penang Island City Council (MBPP), commenced in March and ... Read More

Penang LRT work to start next year
Construction of the proposed Komtar-Bayan Lepas Light Rail Transit (LRT) project, part of Penang's multi-billion ringgit Transport Master Plan (PTMP), is expected to begin next year. Chief Minister Chow Kon Yeow said the project is currently awaiting conditional approval by the Transport Ministry, which would likely be obtained soon. He ... Read More
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