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Eco World seeks approval
Property developer Eco World Development Group Bhd is seeking shareholders’ approval for its multi-million ringgit mixed project in Penang. The company issued a circular to Bursa Malaysia detailing two land parcels totalling 449.64 acres in Batu Kawan, which it is acquiring and plans to develop for a total consideration of ... Read More
The Star Property Fair (1 – 4 Oct 2015)
Choice projects under one roof The Star Property Fair is back for the third time this year, and with over 30 exhibitors showcasing choice properties, it will be the biggest held at Queensbay Mall, Penang. Starting today and running until Sunday, it is spread across the mall’s North, South and ... Read More
LRT project to start in 2017 pending Government approval
The first phase of the Penang Transport Master Plan (PTMP), involving the construction of the LRT project,” is scheduled to take off in the first half of 2017. State local government, traffic management, and flood mitigation committee chairman Chow Kon Yeow said the design and the alignment of the LRT ... Read More
UPCOMING: Balik Pulau / MTT Properties & Development
A proposed low-rise residential development by MTT Properties & Development Sdn. Bhd. This is part of the company's Botanica.CT township development in Balik Pulau, situated on the south west region of Penang Island. The township is about 17 km from the Penang International Airport and 25 km from Georgetown The ... Read More
Affordable Housing: The Penang Way!
Exco man: Other affordable housing concepts not suitable Penang will not emulate Singapore or Hong Kong in its bid to provide affordable housing to the people, said state Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo. He said: “I do not want to be like Hong Kong or Singapore ... Read More
Bank Negara urged to ease lending rules for 1st time house buyers
There are growing calls for Bank Negara to look into easing the stringent lending policy, especially for first-time house buyers in an effort to reduce the rising number of unsold properties in the country. While the broad cooling or macro-prudential measures imposed on the property sector should not be lifted ... Read More
QuaySide @ Clear Water Bay
QuaySide @ Clear Water Bay, an on-going waterfront development by Welcome Properties Sdn. Bhd. at Butterworth, Penang. Located on a seafront land by the Andaman Sea with panoramic of Penang Island. This project comprises 3 highrise towers with standard unit size of 1,328 sq.ft. Property Project : QuaySide @ Clear Water ... Read More
Property prices buoyed by a number of factors
Industry players foresee a future increase in property prices as incoming supply falls, making it a good time to buy property. “I reckon supply [of residential] will drop this year, even next year. But I think property prices will start to increase because we will see [a] lack of supply ... Read More
UPCOMING: Gurney Drive / BSG Property
A proposed mixed development by BSG Property in Georgetown in Penang. It is located between the famous tourist belt of Gurney Drive and Kelawai Road, next to Evergreen Laurel Hotel. The proposed development comprises a new 55-storey skyscraper, featuring a mixed of hotel rooms and condominium units: Hotel (223 rooms) ... Read More
Dream condo with myriad facilities
Inspired by the leaf considered a symbol of good luck in many cultures around the world, The Clovers in Sungai Ara, Penang, is designed to be a living sanctuary blessed with nature’s wonders. A freehold residential high-rise by Asia Green Property Development, it comprises a trio of 42-storey towers. Its ... Read More
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