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UPCOMING: Batu Maung / Kayangstar Property Sdn Bhd
Proposed landed residential development by Kayangstar Property Sdn. Bhd. in Batu Maung, Penang. Located along Jalan Batu Maung, accessible via Lorong Batu Nilam 1. It is adjacent to Sunway Mutiara housing scheme by Sunway Property Group, approximately 2km away from Penang Second Bridge. This development comprises a total of 28 units 3-storey ... Read More
Tambun Indah buys more land near Pearl City
A subsidiary of Tambun Indah Land Bhd is acquiring 27 parcels of freehold land in Penang for RM131mil in cash. The group, in a filing with the stock exchange, said it has proposed to provide up to RM3.45mil in shareholders’ advances to its 70%-owned subsidiary, Mustiara Sdn Bhd, to fund ... Read More
S P Setia Home Ownership Campaign
NOW IS THE BEST TIME TO PURCHASE YOUR DREAM HOME OR INVEST FOR THE FUTURE! IT’S NO BIG DEAL, JUST BIG SAVING$$$$$!’ S P Setia as the market leader in the property development industry and also Malaysia’s No. 1 & International Award Winning Property Developer has participated in the nationwide ... Read More
No approval yet for LRT/PIL 1 projects, CM clarified
The Penang state government has yet to obtain approval for the construction of the light rail transit (LRT) and Pan Island Link 1 (PIL 1) project, chief minister Chow Kon Yeow said today. He was responding to a news report by The Star, which had quoted unnamed sources claiming that both projects ... Read More
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
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