The Penang property market is expected to remain flat yet resilient this year and could bottom out within the next two years. CBRE|WTW Research in its Real Estate Market Outlook 2019 says it will be a buyers’ market over the short term, particularly for residential properties. “Under the prevailing subdued ... Read More

Construction of the 5.7km Ayer Itam-Tun Dr Lim Chong Eu (LCE) Expressway bypass, which would be part of the RM46 billion Penang Transport Master Plan (PTMP), will begin on Aug 31 this year, Penang Chief Minister Chow Kon Yeow (pictured) said yesterday night. He said the commencement of the by-pass ... Read More

Alma Signature, an industrial park development by Golden Success Development Sdn. Bhd. at Alam in Bukit Mertajam. This is a joint venture project by GSD Land and DSG Group. Located next to Alma Light Industrial Park near Jalan Rozhan, surrounded by a matured neighborhood. It is just a mere drives ... Read More

There is still no indication as to when construction work will start on the PenangUndersea Tunnel project, as the contractor is still waiting for the relevant land to be dredged. “We are supposed to start in March, but the Penang state government’s land is not ready. Until we receive the land ... Read More

An upcoming 90-acres mixed-use development with a minimum gross development value (GDV) of RM600 million by Ark Resources at Balik Pulau. It is close to the west coast of Penang Island, about 10 minutes drive from Balik Pulau town centre. This development comprises a mix of commercial and residential properties: ... Read More

In conjunction with the Chinese New Year, Mah Sing Group Berhad (Mah Sing) decorated their Southbay Sales Gallery in Batu Maung with the Old Street concept and hosted an open house for the local community and their customers. During the celebrative event over the weekend, it attracted a huge crowd ... Read More

IKEA Malaysia today surprised the Penang-based media with an exclusive sneak preview of its highly anticipated store, IKEA Batu Kawan. Held in line with the store's Roof Capping event, a Swedish tradition to celebrate the end of construction, IKEA took the opportunity to unveil features of this store while expressing ... Read More

The Penang government has again defended the Pan Island Link 1 (PIL 1), with Chief Minister Chow Kon Yeow saying the state’s “silent majority” wants the project to proceed. He said based on feedback from the public through town hall sessions, some 80% of Penangites approved of PIL 1, a ... Read More

Penang will be undergoing urban regeneration in the near future to address land scarcity, especially on the island. State Housing, Town, Country Planning and Local Government Committee chairman Jagdeep Singh Deo said that to ensure that there is enough housing for the future population of Penang, safety measures must be ... Read More

Elevate @ Gravitas, the first commercial component of the 21.3-acre masterplan Gravitas development by UDA Property at Prai. Strategically located along the ever-bustling Jalan Baru, immediately opposite the Mydin Mall. This development phase comprises a 4-storey commercial building, featuring 114 units of shop offices with built-up size ranging from 1,119 sq.ft. onwards ... Read More