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Penang airport expansion to provide for 12mil passengers
The capacity of Penang International Airport (PIA) will expand by almost 100% from 6.5 million passengers to 12 million, said Chief Minister Lim Guan Eng. He said this was according to a written reply by Transport Minister Datuk Seri Liow Tiong Lai to him in Parliament. The reply on Monday ... Read More
UPCOMING: Bukit Mertajam / Total Vista Development
A proposed residential development by Total Vista Development Sdn. Bhd. at Bukit Mertajam. Located along Jalan Kulim, just a stone's throw away from BM Country Club. Tesco hypermarket and AEON Mall is only 10 minutes drive away via Jalan Rozhan. This development comprises a 22-storey condominium, offering 248 residential units ... Read More
Aerial view of The Zen Condominium
The Zen, yet another mixed development by Asia Green at Bayan Mutiara. It is located next to Tun Dr. Lim Chong Eu Expressway, just a short drive away from the ongoing Penang World City township development by Tropicana Ivory. This development will see the construction of a 46-storey condominium with two residential towers, ... Read More
AFFORDABLE: Jelutong / Hooi Hwa Development
Yet another proposed residential development at Jelutong by Hooi Hwa Development Sdn. Bhd. Located along Lorong Madrasah, right opposite Jelutong Palace apartment. It is just a short drive away from Jalan Ahmad Nor / Tun Dr. Lim Chong Eu interchange, about 5 minutes drive to Penang bridge. This development will see the ... Read More
Is the freeze on high-rise residences above RM1m warranted?
by Previndran Singhe I must applaud the Malaysian government’s responsiveness in trying to manage the perceived property bubble, with specific focus on the residential luxury market. When we were in university, we were told that a property bubble is usually preceded with what one calls an euphoria of buying, demand ... Read More
UPCOMING: Seberang Jaya / CSY Development Sdn. Bhd.
A proposed residential development by CST Devlopment Sdn. Bhd. at Seberang Jaya. Located along Jalan Permatang Pauh, adjacent to Taman Nalui Ria. It is only 1km away from Butterworth-Kulim expressway, just a mere minutes drive to North South Expressway. Surrounding high-rise residences include Kelisa Residence, K Residence and Primero Heights ... Read More
The Hildens
The Hildens, 21 storeys high and featuring modern designs with a spacious built-up. Strategically located along Jalan Kulim, this distinctive development is poised to elevate contemporary living in Tokun to new heights. It is only few minutes drive to shopping malls and close to all local amenities. The project is still pending for approval, ... Read More
Indefinite freeze on luxury properties
The government today announced an indefinite freeze on the development of luxury properties worth more than RM1 million per unit. The freeze, according to Second Finance Minister Johari Abdul Ghani, had come into effect since Nov 1. He said Cabinet had recently scrutinised a detailed central bank report published in ... Read More
Real estate agency still sees strong interest and confidence
Penang's residential property transactions is expected to experience more than 5% contraction this year compared to 2016. Raine & Horne Malaysia senior partner Michael Geh tells StarBizWeek he is projecting a more-than-five-percentage dip in residential transactions in 2018 although there is “still strong interest and confidence” in Penang. The first half of ... Read More
UPCOMING: Batu Kawan / Aspen Group
A newly proposed mixed development by Aspen Vision City Sdn. Bhd. (Aspen Group) at Batu Kawan. This is part of the 245-acres masterplaned development of Aspen Vision City, located between IKEA Store and Vervea commercial precint. The proposed development comprises 20 units of shop offices and three high-rise towers, offering ... Read More
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