Property News
Maxis partners Ideal Property to provide fibre connectivity to residential and commercial projects
Maxis has partnered with Ideal Property Group, a market-leading property developer in Penang, to bring fibre connectivity to homes and businesses. With this partnership, Maxis is leveraging its own fibre build to deliver a superior internet experience and attractive fibre propositions to mixed developments in Penang Island and Butterworth. As ... Read More
Tek Seng to acquire another three parcels of land in SPT
Tek Seng Holdings Bhd's subsidiary, Wangsaga Industries Sdn Bhd (WISB), has recently entered into two separate sale and purchase agreements (SPA) to acquire three parcels of freehold land in Penang for a total cash consideration of RM33.96 million. The polyvinyl chloride (PVC) sheeting manufacturer announced the acquisition in a filing ... Read More
Outrage over 5-storey building plan at back of Penang’s oldest market
In a move that has outraged heritage activists, the Penang Island City Council (MBPP) has approved plans for a five-storey building behind a 122-year-old market, the oldest in the city. The Campbell Street market redevelopment project will include shophouses, parking lots and “studio rooms” to be built by the council ... Read More
RM16,000 cash prizes for My Ideal Homes 6.0 photo contest
Executive Chairman of Ideal Property Group, Tan Sri Datuk Alex Ooi Kee Liang promotes creativity, community engagement, and appreciation for the art of photography through My Ideal Homes 6.0 photo contest. Ideal Property Group, a leading property developer in Malaysia, is pleased to announce the launch of its latest photography ... Read More
PIA new multi-storey carpark is now open
The newly constructed seven-storey carpark at Penang International Airport (PIA) opens to the public on 1 April after obtaining the certificate of completion and compliance (CCC) from the relevant authorities. Malaysia Airports Holdings Bhd (MAHB) managing director, Datuk Iskandar Mizal Mahmood said the new multi-storey carpark is anticipated to improve parking problems ... Read More
Expert: Housing Credit Guarantee Scheme improvements will help overcome property overhang
Improvements to the Housing Credit Guarantee Scheme (HCGS) under the Budget 2023 through the increase of financing funds and expanding the qualification of applicants to fixed income groups can help reduce the number of unsold low- and medium-cost houses. Economic expert Jain Yassin said the scheme, which offers financing up ... Read More
Penang in discussions with Putrajaya to fund its Bayan Lepas LRT project
The Penang state government has put a request for a proposal (RFP) exercise for its Bayan Lepas Light Rail Transit (BLLRT) project on hold pending discussions with Putrajaya on funding for the project. State Infrastructure and Transport Committee chairman Zairil Khir Johari said the state has completed the pre-qualification registration ... Read More
E&O to take 15 years to develop the first phase of Andaman Island
Eastern & Oriental Bhd (E&O) has completed the reclamation of Andaman Phase 1 and plans to begin the development of the 253-acre land over the next 15 years with an estimated gross development value (GDV) of RM17 billion. The first property, The Meg, has been on the market since January ... Read More
SITE PROGRESS: GEM Residences (Mar 2023)
About GEM Residences GEM Residences, a commercial development by Belleview Group at Prai, Penang. It is part of the company's 6 hectares mixed development along Jalan Baru, diagonally opposite Megamall Penang. Next to it will be the upcoming largest mall in the northern region - GEM Mall, the tenant mix include ... Read More
Sunway Dora at Bayan Baru achieves 89% take-up rate
Master Community Developer, Sunway Property has launched the residential component of its latest freehold development, Sunway Dora in high-growth Bayan Baru, Penang, achieving an 89% take-up rate in total for the non-bumi condominiums alongside of its 100% take-up rate for its non-bumi commercial shop units which have been launched earlier ... Read More
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