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Penang state govt mulls rent control to ensure reasonable rental rates
Concern over rising rent in the George Town Heritage Zone has prompted the Penang government to consider reimposing rent controls like the repealed Rent Control Act 1966. Chief Minister said this was to ensure the Unesco recognised site was not adversely affected by gentrification. He was quick to add his ... Read More
UPCOMING: Bukit Minyak / TPS Properties Sdn. Bhd.
A newly proposed mixed commercial development by TPS Properties Sdn. Bhd. at Bukit Minyak. It is strategically located along Jalan Bukit Minyak, about 1km away from AEON Big hypermarket. The proposed development to be completed in two phases, featuring a mix of 2 & 3 storey shop offices and a serviced ... Read More
Homestays, a booming business
Homestays, once popular in rural areas, have now become big businesses in towns and cities nationwide. Thousands of homeowners have discovered how to make money with their properties and avoid paying taxes. They have joined global home-sharing marketplaces, and just like how Uber has made life for government-regulated taxi drivers ... Read More
Various plans to boost property sales
The Penang government has agreed in principle that the 20% surcharge for affordable housing units sold in the northeast district will be reduced to 10%. State Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo told International Real Estate Federation (FIABCI) Penang branch members that this was to invigorate ... Read More
The Blooming of Batu Kawan
Batu Kawan, situated at southern part of Seberang Perai is the new branding in the making. A decade ago, it was not a place where people would want to visit. An empty land, it was. However, a makeover took place when the Government chose Batu Kawan as the mainland site ... Read More
Mutiara Jesselton
Mutiara Jesselton, an upcoming low-medium cost housing development by Berjaya Land at Batu Gantong, also known as the parcel 3 of Jesselton Villas master-planned development. It is just a short drive away from Penang Turf Club and easily accessible via Jalan Scotland. This development comprises a 32-storey residential tower and 16 units of ... Read More
Eco Horizon to buy land in Batu Kawan for RM620m
Eco Horizon Sdn Bhd, a wholly-owned unit of Eco World Development Group Bhd, has signed a conditional agreement with Batu Kawan Development Sdn Bhd (BKDSB) to acquire a piece of land in Seberang Prai, Penang, for RM681.99 million. In a filing to Bursa Malaysia on Tuesday, Eco World said its ... Read More
Butterworth-Kulim Interchange Upgrade
660 The Butterworth-Kulim Expressway Interchange (BKE IC) is one of the busiest junctions on the Mainland, with traffic volumes at the at-grade signalised roundabout as high as 10,000 passenger car units (PCU) per hour during peak traffic. The highest turning traffic volume was observed to be the northbound right-turn from ... Read More
Butterworth-Kulim Expressway Interchange Upgrade
The Butterworth-Kulim Expressway Interchange (BKE IC) is one of the busiest junctions on the Mainland, with traffic volumes at the at-grade signalised roundabout as high as 10,000 passenger car units (PCU) per hour during peak traffic. The highest turning traffic volume was observed to be the northbound right-turn from NSE ... Read More
Poring over Penang Transport Master Plan
Members of the Penang Transport Council (PTC) have been divided into two working groups to study the Penang Transport Master Plan (PTMP). Its chairman Chow Kon Yeow said one group would study the transport issues of the PTMP while another group would study the master plan of the three proposed ... Read More
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