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Cancelling or postponing reclamation project will have huge impact on Penang’s economy
Penang will not face heavy financial implications if the implementation of the Penang South Reclamation (PSR) project in the southern tip of the island is cancelled or postponed. State Infrastructure and Transport Committee chairman Zairil Khir Johari said the impact of the loss of the project on the Penang economy ... Read More
8th PropertyGuru Asia Property Awards (Malaysia) laurel developers, projects with wide appeal
Recipients of the 8th PropertyGuru Asia Property Awards (Malaysia), presented by Kohler, were announced today in an innovative virtual gala presentation broadcast on AsiaPropertyAwards.com and multiple digital platforms, with highlights to air on the History Channel. The programme celebrated the achievements of the real estate sector from north to south ... Read More
SITE PROGRESS: Metropol (Nov 2021)
About Metropol A mixed development by Ramana Property at Bandar Perda in Bukit Mertajam. It is located near Jalan Perda Utama roundabout, featuring less than 10 minutes drive from Penang bridge. Featuring 326 residential units with built-up size ranging from 810sq.ft. to 1,845sq.ft. Amenities such as schools, hypermarket, banks, shopping malls, ... Read More
Three-quarters of residents happy with liveability, green efforts and freedom in Penang
Penang Institute today unveiled the results of its Happiness in Penang (HIP) Index and found that 76.5% of the 3,011 residents surveyed identified as happy. The survey, which was conducted during October 2020 and May 2021, found 23.5% of the respondents are “not-yet-happy”, 13.7% are “narrowly happy” and 9.9% are ... Read More
RM19.75 billion worth of unsold houses in Malaysia
A total 30,290 units of completed houses with a value of RM19.75 billion were reported unsold in the third quarter of this year. Deputy Housing and Local Government Minister Datuk Seri Ismail Abdul Muttalib said data by the National Property Information Centre (NAPIC) revealed a 2.64 per cent decrease in ... Read More
Workers’ housing is a new emerging asset class
The Covid-19 pandemic, which began in the first quarter of last year, has thrust purpose-built workers' accommodation (PBWA) into the spotlight, establishing it as a new emerging asset class. According to Knight Frank Malaysia's recently released Workers' Dormitories publication, demand for quality and well-planned workers' accommodations is expected to rise ... Read More
Grains Residences
Grains Residences, a serviced residence development by Znen Landmark Development Sdn. Bhd. at Bandar Perda commercial district in Bukit Mertajam. Located near Jalan Perda Utama roundabout, just a stone's throw away from KPJ Penang Specialist Hospital and Seberang Perai City Council. Neighboring communities include BM City Mall and Metropol, which is ... Read More
SITE PROGRESS: Marriott Residences (Nov 2021)
About Marriott Residences A mixed development by BSG Property in Georgetown in Penang. It is located between the famous tourist belt of Gurney Drive and Kelawai Road, next to Evergreen Laurel Hotel. The project comprises a 55-storey skyscraper, featuring a mixed of hotel rooms and condominium units Find out more about Marriott Residences Register your interest ... Read More
Plans afoot to make George Town a more sustainable and resilient heritage city
The Penang Tourism and Creative Economy (PETACE) has planned to develop George Town World Heritage Site as a resilient heritage city and lift the state’s economy to greater heights in line with the Penang2030 vision. During the launching of the reports of George Town World Heritage Site Population & Land Use ... Read More
AFFORDABLE: Bayan Lepas / M Summit Premium Sdn. Bhd.
A recently proposed affordable housing development by M Summit Premium Sdn. Bhd. in Bayan Lepas. Located along Jalan Permatang Damar Laut, right opposite SMK Bayan Lepas. This development is only about 2km away from Penang International Airport (PIA), less than a 10-minute drive to Free Industrial Zone high-tech manufacturing area ... Read More
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