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Penang PIL and LRT construction expected to start in June 2020
UPDATE: Penang state government has clarified that no approval for the construction of the light rail transit (LRT) and Pan Island Link 1 (PIL 1) project yet. The Star learnt that the PIL has received approval from the Department of Environment – the federal regulator overseeing the Environmental Impact Assessment ... Read More
MPSP collaborates with Intel on Smart City project
Seberang Prai Municipal Council (MPSP) is taking another step to achieve the state’s vision of becoming a smart city by implementing Internet of Things (IoT) and Artificial Intelligence (AI) to solve issues. MPSP president Datuk Rozali Mohamud said the programme was a collaborative effort with Intel Microelectronics (M) Sdn Bhd ... Read More
Sell LC and LMC units back to the state
Penang is mulling to compel low-cost (LC) and low medium-cost (LMC) unit owners to sell their properties back to the state if they were moving to higher-end properties. State Housing, Town, Country Planning and Local Government Committee chairman Jagdeep Singh Deo said the move would help to reduce the burden ... Read More
UPCOMING: Bayan Lepas / Suria Permas Sdn. Bhd.
A proposed residential development by Suria Permas Sdn. Bhd. at Bayan Lepas. Located on a small plot of land measuring approximately 1.3-acre along Jalan Tun Dr. Awang, just a stone's throw away from Ideal Vision Park development scheme. Neighboring communities include South Homes, The Clovers, Tree Sparina, and the upcoming ... Read More
Sanbumi, Iconic to jointly develop RM127m GDV project in Penang
Sanbumi Holdings Bhd has, via its wholly-owned subsidiary Sanbumi Sawmill Sdn Bhd, entered into a joint venture agreement with Iconic Development Sdn Bhd to construct and develop a RM127 million commercial development project called Iconic Point, located in Simpang Ampat, Seberang Perai Selatan. The project will be developed on a ... Read More
Big data to help solve property overhang issue
A big data system is needed to solve property overhang issue in Malaysia, Housing and Local Government Minister Zuraida Kamaruddin said, adding that such a system will be a 'game changer' for the local property industry. She said the lack of a big data system has hindered the government in ... Read More
Tanjung City Marina to be rejuvenated
Newly-appointed Penang Port Commission (PPC) chairman Jeffrey Chew Gim Eam has in his maiden media conference called for a request for proposal (RFP) for the sunken Tanjung City Marina site adjacent to Swettenham Pier Cruise Terminal. The Tanjung City Marina is an abandoned marina off Weld Quay located within the ... Read More
Exclusive Preview of MARC Residences & Service Apartment
Join Jayamas Property for an exclusive preview of MARC Residences & Service Apartment on 6 & 7 April (10AM - 5PM) and be the first to experience the luxury condo at Jalan Song Ban Keng. The event will also feature kids corner and wine service. Light refreshment will be served. Venue: 11, ... Read More
Iconic Point
Iconic Point, a joint venture commercial development between Sanbumi Holdings Bhd and Iconic Development Sdn. Bhd. at Simpang Ampat. Strategically located along Ipoh-Butterworth federal road, just a stone's throw away from Pearl City township development by Tambun Indah. It's about 25 minutes drive to both Penang bridges. Intended to replicate ... Read More
Flat growth expected in Penang’s property market this year
Growth of the property market in Penang is expected to remain flat this year in view of the unpredictable economic outlook and the market’s wait-and-see attitude, according to an international real estate consulting firm. Henry Butcher Malaysia (Seberang Perai) Sdn Bhd associate director Fook Tone Huat said the United States ... Read More
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