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PR1MA housing may be dissolved
The future of the 1Malaysia People’s Housing (PR1MA) depends on the outcome of its due diligence and turnaround plan, said chairman Tan Sri Eddy Chen. "We are working on a turnaround plan. Whether PR1MA will move forward or not, much depends on this turnaround plan," he told press at an ... Read More
Penang to study Airbnb woes before legalising them
How other cities worldwide tackle their Airbnb problems are being studied to see if the home-sharing business could be legalised or regulated in Penang. The office of the Penang State Exco for Tourism Development, Arts, Culture and Heritage (Petach) is studying their policies to tackle the issue of residential home ... Read More
Cable stay bridge for Pan Island Link 1
Part of the highway under the Pan Island Link 1 (PIL 1) project that would pass through the City Park in George Town, Penang, will be in the form of a 250m-long cable stay bridge. Chief Minister Chow Kon Yeow said studies had shown that such a design would have ... Read More
10% drop in unsold residential properties in Penang
Malaysia has recorded a total of 32,313 units of unsold completed residential properties in 2018 valued at about RM19.8 billion. This is a 30.6% increase from 24,738 units recorded in 2017, according to the National Property Information Centre’s (Napic) Property Market Status Report for 2018. The highest number of unsold ... Read More
Botanica.CT Redefines Better Living in Balik Pulau
Located in southwest district of Penang island, Botanica.CT is a self-sustaining 300-acre garden township development by MTT Properties Sdn. Bhd. in Balik Pulau. Once being known as a home to an aging population, Balik Pulau has embraced urbanization in the past few years with modern amenities mushrooming within the vicinity ... Read More
Refer to Finance Ministry if home loan application rejected
Action will be taken against banks who “deliberately” do not give out housing loans to those who are eligible or who fulfill the criteria. “If you have difficulty getting loans, refer to MoF (Ministry of Finance),” advised Finance Minister Lim Guan Eng, telling homebuyers to escalate their grievances to the ... Read More
Construction of the Air Itam – LCE Expressway bypass will start Sept 1
After years of delays, construction of the elevated highway from Air Itam to Tun Dr Lim Chong Eu Expressway will start on Sept 1. The highway is a vital road for some 300,000 Penangites living in the most densely populated part of the island. The Yang di-Pertua Negri Tun Abdul ... Read More
Penang Govt optimistic of moving forward with urban regeneration projects
The Penang government is looking forward to positive news from the Federal Government concerning the implementation of urban regeneration projects in the state. State Housing, Town, Country Planning and Local Government Committee chairman Jagdeep Singh Deo said they are waiting for Putrajaya to guide them forward in their efforts towards ... Read More
UPCOMING: George Town / Southern Twin Management
A newly proposed luxury development by Southern Twin Management Sdn. Bhd., strategically located along Jalan Macalister in George Town. It is immediately opposite Scott Residence, just a stone's throw away from Residence 21 Super Condominium. This development will see the refurbishment of the existing heritage building and demolish the existing 4-storey budget ... Read More
The Millennium
The Millennium, a mixed-development by Ivory Properties Group at the urban township Batu Uban. It is strategically located next to The View Twin Towers, just a mere minutes drive to Penang Bridge. This development sprawls over 5.9 acres of prime land with towers for commercial and residential, featuring retail outlets, condominium ... Read More
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