Ewein Bhd's (Ewein) unit, Ewein Zenith II Sdn Bhd, has inked a sale and purchase agreement (SPA) with Consortium Zenith BUCG Sdn Bhd (CZBUCG) to acquire a 1.79-hectare freehold land in Section 1, Bandar Tanjong Pinang, Penang for RM162 million. In a statement, Ewein said RM16.2 million would be deposited ... Read More

Five developers will undertake RM4.33bil in property projects in Penang next year despite a challenging year for the property market. The developers planned to price their mostly residential properties from between RM480,000 and RM3.3mil. The price range came on the heels of this year’s launches of between RM200,000 and RM400,000 ... Read More

Affordable housing is no longer a new topic for potential home buyers. So many yet it could be so few that is suitable. Today, let's take a stroll into comparing the two most popular affordable housing projects in the north east district of Penang Island. Both projects are located within ... Read More

The people of Seberang Prai will have a say in the RM27bil Penang Transport Master Plan, said Chief Minister Lim Guan Eng. “The plan will affect them. They must have a say and voice out whether they want it or not. “If they reject the plan, it will not be ... Read More

The business community in Penang hopes the ambitious RM27bil Penang Transport Master Plan (PTMP) materialises, stating that it would ease the growing traffic congestion on the island part of the state. This was a contrast to voices of concern raised by some quarters on the risks of PTMP that would ... Read More

More rail access for Penang The planned light rail transit (LRT) linking the island and the mainland will be connected to two other train services planned for the state. This proposed fourth link across the sea will have interchange stations in Gelugor on the island and Taman Supreme on the ... Read More

Tower B of The Tamarind executive apartments by Eastern & Oriental Bhd (E&O) has received an encouraging response from buyers with 60% of the units having been taken up within two weeks of its launch in early December. E&O marketing and sales general manager (Penang), Christina Lau, said The Tamarind ... Read More

LRT across the sea to mainland in the works There are plans for a fourth link between Penang island and the mainland – a light rail transit (LRT) track across the sea. The proposed link will have the LRT trains travelling on rails built near the Penang Bridge. It will ... Read More

The Penang executive council today gave the green light to Penang Transport Master Plan (PTMP) project delivery partner SRS Consortium Sdn Bhd for the railway and highway schemes that include a rail line from Komtar to the airport and the Pan Island Link. SRS tabled the plans to the state ... Read More

S P Setia Bhd’s Penang property sales are expected to contribute RM399 million to the company’s group revenue for the financial year ending Dec 31, 2016 (FY16). “This is in line with Penang’s annual contribution of about 10% of group sales. The sales revenue from here would come from two ... Read More