There was lukewarm response on the second day of the public display of the environment impact assessment (EIA) report for the proposed reclamation and dredging works for the Penang South Reclamation (PSR) project at two places where the report can be viewed. Not many people turned up to view the ... Read More

Everyone likes to make money through property investments. Property investments have gone through a new ball game. Investors need to equipped themselves with the necessary tool to invest wisely. Miichael has 20 years of experience in property and mortgage industry and would like to share with you the insights on ... Read More

The Penang government will scrap the undersea tunnel project if the Federal Government grants approval for a third bridge in the state. State Public Works, Utilities, Transportation Committee chairman Lim Hock Seng said this is based on cost justification of the bridge construction and maintenance which was way cheaper than ... Read More

Paramount Corp Bhd is looking at launching RM750 million worth of properties this year, from the initial target of RM600 million, following an impressive sales success in the first quarter of this year (1Q17). “Our sales target for the year is RM500 million, but in 1Q17 alone we recorded about ... Read More

The majority of youths in Penang have no choice but to rent due to high property prices. Most (73.2%) are staying in a property owned by a family member or a relative and many (93.7%) are hoping to own a house within the next five years. These are some of ... Read More

Eco World Development Group Bhd is targeting to launch the first phase of landed terraced homes at its Eco Horizon and Eco Sun complementary township developments in Batu Kawan, Penang sometime in 2H2017, Eco World Penang general manager Khoo Teck Chong told TheEdgeProperty.com. The 300-acre Eco Horizon and 74.5-acre Eco ... Read More

The upgrade of the federal road FT006, from Teluk Kumbar to the Penang International Airport (LTAPP), near here, which costs RM390 million, is expected to be completed this December. Penang Umno liaison committee chairman Datuk Seri Zainal Abidin Osman said the road would be made fully open to road-users early ... Read More

We have found yet another job posting by IKEA Southeast Asia for their first IKEA store in Penang. From the latest job posting, it seems IKEA is now targeting to open their new store in Penang by 1st quarter of 2019. The company is now looking for a Deputy Store Manager, ... Read More

More than half of Malaysians surveyed want to own a home within the next six months, according to the Real Estate and Housing Developers’ Association Malaysia (Rehda). However, stringent lending rules continue to be a major deterrent, association president Datuk Seri F D Iskandar said. In a poll of 1,655 ... Read More

The excess in supply of residential properties is expected to clear in three to four years, paving the way for a recovery in the property market, says housing industry experts. The new National Information Property Centre (Napic) 2016 report shows that the incoming supply of residential properties has inflated to ... Read More