Waterstone, a residential development by Taman Sri Bungah Sdn. Bhd. (a subsidiary of BSG Property) at Tanjung Bungah, Penang. Located off Jalan Loh Poh Heng, right next to Hillview Garden. It is only a mere minutes drive to Tunku Abdul Rahman University College. The first phase of this development will ... Read More

The Department of Environment (DOE) has approved the construction of the three-paired highways across the island. State exco for Public Infrastructure Zairil Khir Johari said the DOE has approved the Environmental Impact Assessment (EIA) report with 59 additional conditions attached. In a joint press conference with the delivery partner – ... Read More

Gurney Wharf, a world class “park-on-the-sea”, is going to be even better than initially planned. The state government is planning to transform the place into “the pride of Penangites” with seaside retail outlets, F&B aplenty, water gardens, and beach and coastal grove on the 24.28ha plot of reclaimed land. “We ... Read More

Another proposed affordable housing development by PLB Land Sdn. Bhd. at Paya Terubong. Located along Tingkat Paya Terubong 5, just a stone's throw away from Eco Terraces luxury condominium by Eco World. It is approximately 10km away from Penang International Airport and Penang Bridge. This development will feature 2 blocks ... Read More

The government should consider using a certain portion of taxes collected from the rakyat to set up a specific fund for housing purposes. Penang Housing, Town, Country Planning and Local Government Committee chairman Jagdeep Singh Deo proposed that the money from the fund could be used for efforts such as ... Read More

Datuk Tan Kean Tet, the chairman of Penang-based property developer Iconic Group Sdn Bhd, is acquiring a substantial stake in Sanbumi Holdings Bhd Sanbumi, in a filing with Bursa Malaysia, said the company had entered into a conditional share subscription agreement with Tan for the placement of 22.6 million new ... Read More

Property developers acknowledge that unbilled sales are on the decline but say the situation is not so bad and they are still able to record decent earnings. The decline in unbilled sales, they said, is in line with the overall slowdown in the property market over the past few years ... Read More

The coastal landscape in north Butterworth, between the North Butterworth Container Terminal (NBCT) and Jalan Tunku Putra, Teluk Air Tawar, is set to change with the construction of a new waterfront within the next few years. This follows a supplementary agreement inked between the Penang government and Rayston Consortium (Butterworth) ... Read More

Cities become more liveable, progressive and sustainable when there is enhanced accessibility and connectivity to move people around and this is achieved by providing sufficient and efficient public transport. However, moving people solely on public transport is not a total solution. We cannot ignore the fact that private vehicle ownership ... Read More

It looks like the local property market is still not out of the woods, just yet. According Bank Negara Malaysia’s (BNM) financial stability review for 1H2018: “Imbalances observed in the property market continue to persist.” “The number of unsold housing units, correspondingly increased to about 146,196 units as at end ... Read More