As part of the Penang Transport Master Plan (PTMP), the Juru Interchange is expected to be upgraded into a "Diverging Diamond Interchange". Also called a double crossover diamond interchange, is a type of diamond interchange in which the two directions of traffic on the non-expressway road cross to the opposite side on ... Read More

Commercial property transactions were down in both value and volume last year compared to the previous year. According to the National Property Information Centre’s (Napic) 2015 Property Market Report, a total of 31,776 transactions worth RM26.4bil were recorded in the commercial property segment last year. This was down by 10.6% ... Read More

There will be fewer new property launches this year in light of the softening market and bleak household sentiment. According to the National Property Information Centre’s (Napic) 2015 Property Market Report, the number of new launches fell to 70,273 units, down by 19.2% against 2014 (88,997 units). However, Deputy Finance ... Read More

Property sales are expected to recover in the second half of 2016, driven by higher consumer confidence and improved economic outlook. CIMB Research in a report said it is maintaining an “overweight” call on the local property sector, adding that the situation was “not as dire as initially thought.” Following ... Read More

The 18km George Town-Butterworth LRT line will begin at The Light Station (on the Bayan Lepas LRT line) and terminates at Sg Nyiur Station for interchange transfer with Raja Uda-Bkt Mertajam Monorail line. Besides accommodating a panoramic sea view, the LRT line offers an efficient alternative connection – the fifth ... Read More

The National Housing Department will notify successful applicants for the My First Home Financing Scheme (MyDeposit) by the end of this month. National Housing Department director-general Datuk Mohamad Yusoff Ghazali said the department had so far received 7,347 applications for the scheme, 1,046 of which provided complete documents. “Selangor recorded ... Read More

Undersea Tunnel is the third phase project undertaken by Consortium Zenith BUCG Sdn Bhd. The Undersea Tunnel link from Gurney Drive, George Town to Butterworth Outer Ring Road (BORR) with total length of approximately 7.2km. Key Information: Undersea Tunnel Total Length 7,2 km (approximate) Toll Plaza Proposed Interchanges Persiaran Gurney ... Read More

Sunway Property, the Master Community Developer and Malaysia’s leading property developer, will officially launch the final phase of Sunway Cassia in Batu Maung, Penang on 17 April 2016. Public are invited to the launch with an exclusive viewing of the semi-detached show units happening from 10am to 6pm at Sunway ... Read More

Seven road projects totalling RM1.96bil have been approved for Penang under the First Rolling Plan (2016-2017) of the 11th Malaysian Plan. On the island, they include road upgrades from Teluk Kumbar to Penang International Airport (RM390mil), from Batu Maung to Penang Bridge (RM373.2mil), from Batu Maung to the Jalan Sultan ... Read More

* Article by Freemind Works * Property market in 2016 will continue to be soft especially with the challenges we are facing externally (possible continuous rate hike in U.S., Slower GDP growth in China, political unrest in Syria which has badly impacted oil price and commodities prices) and internally (1MDB ... Read More