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Initial construction for LRT anticipated to start by end of 2017
Piling works for the first project under the Penang Transport Master Plan (PTMP) is expected to begin near the end of 2017. Penang Local Government, Traffic Management and Flood Mitigation Committee chairman Chow Kon Yeow said the target was to get the relevant approvals in early 2017 with work anticipated ... Read More
UPCOMING: Georgetown / Immense Properties SB.
A proposed residential development scheme on a small piece of land along Jalan Cheah Choo Yew in George Town. It is located next to Desa Singpora, about 10 mins walk away from Penang Times Square. The proposed development will see the demolition of the existing warehouse for a 27-storey condominium, offering 44 residential units with a mixed of ... Read More
Upgraded Tun Dr. Lim Chong Eu Expressway to open from March 28
Motorist heading to Batu Maung in Penang can look forward to a smoother ride on the newly upgraded Tun Dr Lim Chong Eu Expressway. The 4.4km two-way four-lane expressway will be opened to traffic from March 28. As for the RM337mil Bayan Lepas Expressway (BLE) link to the Sultan Abdul ... Read More
More bids for 1MDB Penang land
Two more companies have joined the race to bid for 1Malaysia Development Bhd’s (1MDB) land in Air Itam, Penang. Sources said that Suiwah Corp Bhd, a supermarket chain operator, and Titijaya Land Bhd, a Klang Valley-based property developer, have put in their bids for the 94.7ha in Air Itam. Earlier, ... Read More
Two bidders for landfill site want more land
The two bidders that submitted proposals for the rehabilitation and development of the Jelutong dumpsite have sought to be allowed to reclaim additional land. “The two companies — a Penang-based company and a Federal government-linked company — did not meet major requirements of the request for proposal (RFP), which were ... Read More
Setia Sky Ville
Setia Sky Ville, one of the most anticipated development by SP Setia in Jelutong. It is strategically located off Lorong Slim, just a short drive away from various high schools, namely Heng Ee secondary school, Penang Free School and Han Chiang College. The proposed development features 550 condominiums of 1,036 sq ft to 1,424 ... Read More
The Zen
The Zen, mixed development by Asia Green at Bayan Mutiara. It is located next to Tun Dr. Lim Chong Eu Expressway, just a short drive away from the ongoing Penang World City township development by Tropicana Ivory. This development will see the construction of a 46-storey skyscrapper with two residential towers, and shop offices ... Read More
Bayan Lepas Expressway (BLE) to open on April 6
* UPDATE: The elevated expressway will open on April 6 @ 2PM * The RM338mil Bayan Lepas Expressway (BLE) linked to the second Penang bridge is expected to be open on April 4. Penang Federal Action Council chairman Datuk Seri Zainal Abidin Osman said work on the project was at ... Read More
The rise of Aspen
If the planned reverse takeover (RTO) of tile manufacturer Yi-Lai Bhd goes through, it would see the entry of one-up-and coming property developer from Penang, Aspen Vision Group and its co-founder Datuk M. Murly into the capital market. Murly is becoming well known in property circles for his Aspen Group, ... Read More
Vertu Resort vs One Foresta
Many have been asking whether is there any possibility of property price in mainland to be on par or better than in Penang Island? Vertu Resort at Batu Kawan is selling at the same price as One Foresta open market units at Sungai Ara. So if you have a budget ... Read More
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