Proposed development by Tropical Island Resort Sdn. Bhd. (subsidiary of UDA Holdings Bhd.) at Jerejak Island (Pulau Jerejak). Located off the eastern coast of Penang Island, approximately 80 acres land on the small island will be redeveloped into a world class resort and residences. This development will see the demolition ... Read More

Residential units at the former Customs Department quarters in Jalan Kampung Kastam here are being demolished to make way for a 1Malaysia Housing Project (PR1MA) effort. A statement by the Office of the Land and Mines Department Director General said PR1MA homes will be built on the 7.2ha site. “This ... Read More

Another proposed residential development by Airmas Group at Butterworth. Strategically located along Lorong Kubur, about 500 meters away from the ever bustling Jalan Raja Uda. It is only 5 minutes' drive to Penang Sentral, under 20 minutes to Penang Bridge. The proposed development will see the construction of a 20-storey ... Read More

In a filing with Bursa Malaysia on Tuesday, the property developer and sheet metal fabricator said its 60%-owned subsidiary and CZ (previously Consortium Zenith BUCG Sdn Bhd) had mutually terminated their sale and purchase agreement (SPA) for the 4.4252-acre (1.79ha) land in Section 1, Tanjung Pinang. They also agreed to ... Read More

An ongoing residential development by Publicity Development Sdn. Bhd. at Bertam. Located along Jalan Kubang Menerong, about 2km away from Bandar Putra Bertam. Driving to Penang bridge during off peak hours will take approximately 30 minutes. This development comprises a mix of landed properties, with an indicative price starting from ... Read More

Newly proposed affordable housing by Pegasus Homes Sdn. Bhd. at Bukit Tengah. Strategically located along Jalan Bukit Tengah, just a stone's throw away from Bukit Tengah roundabout. It is only 5 km away from Penang Bridge and Bukit Mertajam Town Center. This development comprises a 33-storey condominium, offering 650 affordable ... Read More

Prime Minister Datuk Seri Najib Abdul Razak today expressed the government commitment to continue to focus on providing more affordable housing for the low- and middle-income groups. He said the concept of comprehensive and holistic development was most necessary to ensure that these groups had the capacity to own equity ... Read More

What passes for affordable housing in Malaysia is “not affordable”, said Bank Negara Malaysia (BNM) governor Datuk Muhammad Ibrahim. “Even the World Bank has characterised our houses as severely unaffordable. “Last year, only 35% of the new housing supply in the market were affordable, and the year before that, the ... Read More

A new blueprint for the Northern Corridor Economic Region (NCER) is targeting 80 projects across four states that planners expect will boost gross domestic product (GDP) in the area to RM300bil by 2025. It will also create 161,197 new jobs opportunities in Perak, Penang, Kedah and Perlis. Northern Corridor Implementation ... Read More

The first IKEA store in the northern region will open in Penang on Jan 1, 2019, says Lim Guan Eng. The Chief Minister said the store would help to put Penang at a high-level position. "It is not easy to attract Ikano and we worked very hard," Lim said in ... Read More