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Local Plans for Penang Island, Seberang Prai to be finalised by 2017
The Local Plans (LP) for districts on Penang Island and Seberang Prai are expected to be finalised and gazetted by 2017 according to Penang Housing, Town and Country Planning Committee chairman Jagdeep Singh (pix). He said the only outstanding Special Area Plan (SAP) left was the Botanical Gardens SAP which ... Read More
UPCOMING: Bukit Mertajam / Frasers Global Sdn. Bhd.
A proposed gated and guarded development by Frasers Global Sdn. Bhd. at Alma in Bukit Mertajam. Located next to Taman Alma Jaya, just a mere minutes drive to AEON Mall and Tesco Hypermarket. This development comprises 24 units of 3-storey semi-detached houses. It would be very interesting to see how ... Read More
Property outlook to remain subdued as lending stays tight
Property developers are expected to register another year of slow performance in 2017 amid a lack of catalysts for the segment, as cooling measures introduced by the central bank to rein in speculation continue to be the main hurdle for property companies. Kenanga Investment Bank Bhd analyst Sarah Lim said ... Read More
Busloads of visitors turn holidays into a nightmare for the neighbours
The year-end holiday season has turned into an unpleasant time for a family in Batu Maung - their neighbour operates a homestay and receives busloads of visitors at odd hours of the day. Housewife Idah, 53, said that in a span of 10 days, four busloads of people arrived at ... Read More
Attractive deals to help buyers
Tambun Indah Land Berhad has made its mark in thriving southern Seberang Prai in Penang with its flagship township of Pearl City. Designed to foster communal living, the 1,140-acre integrated undertaking in Simpang Ampat is optimally situated near the Bukit Tambun North-South Highway interchange and the second Penang Bridge. The ... Read More
AFFORDABLE: Bukit Mertajam / Zuwen Bina
Yet another affordable housing proposed at Bukit Mertajam by Zuwen Bina. The newly proposed development is strategically located along Jalan Bukit Minyak, within the vicinity of Kota Permai. This project comprises a 26-storey condominium with 320 residential units and four units of 2-storey shop offices. The proposal is still pending for approval, ... Read More
SP Setia acquires land in Penang from Boustead Plantations Bhd (BPB)
SP Setia Bhd is acquiring five parcels of land measuring a total of 677.8ha in Seberang Perai Utara, Penang from Boustead Plantations Bhd (BPB) for RM620.12 million in cash. In a filing with Bursa Malaysia today, S P Setia said its wholly-owned subsidiary Setia Recreation Sdn Bhd had entered into ... Read More
UPCOMING: Butterworth / Venn Group
Another proposed strata development by Venn Signature Sdn. Bhd. in Butterworth. It is strategically located along Jalan Kampung Gajah, just a stone's throw away from Nautical Bay by OHM Group. This development will see the construction of a 15-storey condominium offering 92 residential units with panoramic view of Penang Island. Project ... Read More
Century-old Penang market to get RM5m facelift
The Campbell Street market will undergo a major upgrade next year to give it a new lease of life. The century-old market, located at the junction of Campbell Street and Carnavon Street, has experienced a drop in business in recent years as the building’s structure deteriorated over the years. After ... Read More
Damai Springs
Damai Springs, an upcoming residential development by Airmas Group in Bukit Mertajam. It is located at Jalan Betek, diagonally opposite Residensi Harmoni gated and guarded housing scheme. This development will see the construction of a 15-storey condominium, offering 138 residential unit with built-up size ranging from 1,371 sq.ft. onwards. There will ... Read More
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