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Ivory Properties buys land opposite Queensbay Mall for RM670psf
Ivory Properties Group Bhd has acquired two pieces of adjoining land in Penang, for RM142.79 million where it aims to develop commercial space and service apartments. The Penang-headquartered property developer said the 19,800-sq-metre freehold land was located strategically in the established neighbourhood of Bayan Lepas directly opposite Queensbay Mall, the ... Read More
Proposed cable car from Penang Hill to Teluk Bahang
Even before the proposed RM100mil Penang Hill cable car project has yet to lift off after running into funding problems, another similar idea has been mooted. This time, it’s a RM300mil cable car project from Penang Hill to Teluk Bahang. Foreign investors are forming a consortium to propose the 6km ... Read More
Govt formulating law to prevent legal action against delayed housing projects
Housing developers and homebuyers of projects affected by the enforcement of the movement control order (MCO) cannot take legal action against one another if the Temporary Measures Bill to mitigate the impact of Covid-19 is passed by Parliament. Housing and Local Government Minister Zuraida Kamaruddin (pictured) said the bill is ... Read More
Penang given time to fulfil EIA requirement for PSI project
The ministry of environment and water will give the Penang state government a chance to fulfill all 72 requirements needed to implement the Penang South Islands project despite objections from several quarters. Deputy Environment and Water Minister Ahmad Masrizal Muhammad said the Penang state government must comply with all the conditions and ... Read More
Sanctuary Village
Sanctuary Village, the 7th phase of residential development at Permatang Sanctuary by IJM in Alma, Bukit Mertajam. Strategically located within an established neighbourhood, about 15-minute drive from Juru Auto-City and Penang Second Bridge. It is only a short drive to an abundance of amenities namely AEON Mall, Tesco Hypermarket, eateries, schools and banks. Neighbouring communities include ... Read More
Penang to go ahead with LRT and Penang Hill cable car projects
Penang will go ahead with its mega projects under the RM46bil Penang Transport Master Plan (PTMP) and also the RM100mil Penang Hill cable car project even without funding from the Federal Government.State Works Committee chairman Zairil Khir Johari said everything was still on schedule and any delay was only because ... Read More
Penang announced Linear Waterfront reclamation project near FIZ
The Penang government today revealed plans to reclaim about 60ha off the Free Industrial Zone (FIZ) in Bayan Baru. The project, themed “Linear Waterfront”, will begin from the Queensbay roundabout to the second bridge and will have an estimated gross development value of RM1 billion. Based on an artist’s impression ... Read More
UPCOMING: George Town / M Summit Global Sdn. Bhd.
A proposed extension to the existing M Summit 191 serviced residence by M Summit Global Sdn. Bhd. in George Town. It is strategically located along Jalan Magazine, immediately opposite Komtar and adjacent to St. Giles Wembley Hotel. Only a 10 minutes drive from Penang Bridge. The new extension will feature ... Read More
Penang Retirement Resort project delayed due to Covid-19
The completion of the Penang Retirement Resort in Batu Gantong by the Penang Turf Club has been delayed to the fourth quarter of the year due to the Covid-19 pandemic. The project was originally scheduled for completion this April. It will be made up of a seven- storey block featuring ... Read More
SITE PROGRESS: The Amarene (Jun 2020)
About The Amarene Part of Ideal Vision Park development by Ideal Homes in Bayan Lepas, Penang. This development is strategically located along Jalan Tun Dr. Awang, adjacent to Tree Sparina condominium. It is just a mere minutes drive to Straits International School and Penang International Airport. Featuring a 35-storey condominium that ... Read More
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- Affordable Housing (Penang Island)
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