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LRT construction to start in 2018, ready by 2024
Construction work on the Penang light railway transit (LRT) project, which is part of the first phase of the island’s Transport Master Plan (TMP), will start in 2018. According to SRS Consortium Sdn Bhd, the Gamuda Bhd-led project delivery partner (PDP) for the TMP, it will be finalising the cost ... Read More
Penang Pan Island Link Highway
PIL highway poses no environmental impact Upon completion, the proposed Pan Island Link (PIL) highway will be able to share the heavy traffic load of the Tun Dr Lim Chong Eu Expressway (LCE), while the proposed Bayan Lepas LRT will be the rail backbone of Penang’s future public transport system ... Read More
Top 8 Property News Portal in Malaysia
Today we are looking at a comparison of 20 property news portals in Malaysia with SimilarWeb.com's web traffic analytic and it is plausible to conclude that PenangPropertyTalk.com has accomplished a new milestone by achieving the fifth position with a monthly visits of 140,000 in October 2015. The chart outlines the top ... Read More
Reclaiming two islands to cost RM8b
Gamuda Bhd-led project delivery partner — SRS Consortium Sdn Bhd — for the Penang Transport Master Plan (TMP) estimates the cost of reclaiming two islands measuring about 1,300 acres (526.1ha) and 2,100 acres to be about RM7 billion to RM8 billion. Its project manager Szeto Wai Loong said the reclamation, ... Read More
Reclaimed land to fund project in Penang
The RM27bil Penang Transport Master Plan (PTMP) might be funded through the auction of two plots of reclaimed land in the southern coast of Penang island. SRS Consortium, the appointed Project Delivery Partner (PDP) of the plan, has proposed the reclaimed land as an asset for the state to raise ... Read More
UPCOMING: Butterworth / Nova Success Development Sdn. Bhd.
A newly proposed mixed development by Nova Success Development Sdn. Bhd. at Butterworth, Penang. It is located next to Jalan Bagan Dalam exit from Butterworth Outter Right Road (BORR), only a mere minutes drive away from the upcoming Penang Sentral. This development consists of the following components, to completed in multiple phases: 6 ... Read More
Penang Global City Centre – A project that ended in a whimper
When the Penang Global City Centre (PGCC) was launched in 2007, it was touted as a major game changer to Penang. But it ended in a whimper partly because of its sheer scale which was not feasible. The RM25bil PGCC project was to have been undertaken by Abad Naluri Sdn ... Read More
Home appreciation dropped by half since 2012
The annual rate of appreciation for homes has dropped from 12.2% in the fourth quarter of 2012 to 5.9% in the second quarter of 2015, said Datuk Abdul Rahman Dahlan. The Urban Wellbeing, Housing and Local Government Minister in wrapping up the ministry's debate on Budget 2016 at the committee ... Read More
Strong support for LRT
A recent survey shows Penangites are calling for the government to implement the Bayan Lepas to George Town LRT in the soonest possible time frame to provide respite from the worsening traffic condition on the island. Penangites are already counting the days when they can hop on the LRT to carry ... Read More
Ivory targets completion of Penang Times Square by 2020
Ivory Properties Group Bhd hopes to complete all the five phases of Penang Times Square by 2020. COO Goh Chin Heng said the group is waiting for approval to start phases four and five by year-end. “We hope to commence work by the first quarter of next year concurrently,” he ... Read More
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