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Property outlook remains challenging
The outlook of the property sector remains challenging for the next one year with most developers still assessing the economic situation and deliberating whether to continue or defer future launches. AmResearch said this in a report to clients adding that it believed that consumer sentiment remains weak for the time ... Read More
Beverly Heights – An Epitome of Prestige & Privacy
Embraced by pristine forest, a whisper away from the hustle and bustle of city life lays Beverly Heights, your sanctuary within the bold coupling of in-vogue contemporary lifestyle and unsurpassed livability. Nestled within a serene 4.1 acre hill land of lush greenery on an elevation of 110m above sea level, ... Read More
Penang to launch public housing regeneration project
The Penang government plans to regenerate aged public housing schemes in the state to cater to current needs. State Local Government, Housing Development and Town and Country Planning Committee chairman, Jagdeep Singh Deo, said five housing projects have been identified for the regeneration exercise. They are Padang Tembak, Taman Free ... Read More
SITE PROGRESS: Eco Horizon (July 2020)
About Eco Horizon a 300-acre integrated mixed-development township by EcoWorld at Batu Kawan, said to be the largest scheme undertaken by a single developer. It is strategically located right opposite the upcoming IKEA, off the primary interchange linking the Second Penang Bridge to the North-South Highway. Find out more about Eco ... Read More
Movable property were confiscated for failing to clear maintenance fees
Two residential units in a condominium near Batu Feringghi today received a warrant of detention of movable property from Penang Commissioner Of Building (COB) for Penang City Council (MBPP). Penang COB Director, Sr. Nik Ariff Long Dir said, the warrant was issued in accordance with Section 35, Strata Management Act ... Read More
UPCOMING: Ayer Itam / Farlim Group
A new proposed development by Farlim Group Bhd. at Bandar Baru Ayer Itam in Penang Island. Located on a 1.66-acre land along Lorong Semarak Api 2, next to Casa Idaman and surrounded by several other established communities. This development is just a stone's throw away from the upcoming Sunway Valley ... Read More
Penang sets up SPV to lead the implementation of PTMP
The Penang government has announced the incorporation of a special purpose vehicle company, Penang Infrastructure Corporation Sdn Bhd, to lead the implementation of the mega projects under the Penang Transport Master Plan (PTMP). Penang Chief Minister Chow Kon Yeow said the Penang Infrastructure Corporation was successfully incorporated on July 9 this ... Read More
SITE PROGRESS: Vertu Resort Condominium (July 2020)
About Vertu Resort Condominium First resort-inspired high-rise development by Aspen Group at Batu Kawan, with a gross development value (GDV) of RM620mil. This is the second phase (and the first residential development) in Aspen Vision City. Find out more about Vertu Resort Condominium ... Read More
Favourable outlook for industrial properties post-MCO
The outlook for Malaysia’s industrial property market is looking favorable as it is expected to see more inquiries, especially from manufacturers, said independent property consultancy firm, Knight Frank Malaysia. Its Capital Markets executive director Allan Sim said manufacturers would be looking to take advantage of the tax incentives, adding that ... Read More
UPCOMING: George Town / Serendipity Capital Bhd.
A newly proposed high-rise commercial development by Serendipity Capital Berhad in the heart of George Town. Strategically located along Lebuh Noordin, adjacent to M Summit 191 serviced residence by M Summit Group and Cititel Express Hotel. It is only a short walk to KOMTAR and GAMA Departmental Store. This development ... Read More
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