Earthworks began last month on the much-anticipated multi-billion ringgit Aspen Vision City township in Bandar Cassia, Batu Kawan. Aspen Group chief executive officer Datuk M. Murly said the company had obtained approval to start infrastructure work. He said construction on its first project, the Verve, was expected to begin by ... Read More

Penang-based property developer Tambun Indah Land Bhd (TILB) is acquiring 19.05 acres in Kota Permai, Bukit Mertajam, for RM39.42 million and increased its land bank to 472 acres which would sustain the Group for approximately six to seven years. In a stetement today, TILB managing director Ir. Teh Kiak Seng ... Read More

Eastern & Oriental Bhd (E&O) will release for registration the second tower of its RM900mil Tamarind project this weekend at its show gallery in Seri Tanjung Pinang, Tanjung Tokong. E&O marketing and sales general manager (Penang) Christina Lau said the first tower block had registered a 90% take-up rate since ... Read More

In Penang, there is a common perception that foreign property buyers and investors are the culprits behind escalating property prices. But is this generally true? Figure below shows the ratio of foreign residential homebuyer in Penang for the year of 2010, 2011 and 2012 (latest available data). Clearly, more than ... Read More

The Penang government may revise present guidelines for foreigners buying property in the state in view of the declining value of the ringgit. State Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said he would meet with stakeholders next week to discuss the guidelines which restrict foreigners from ... Read More

The Penang Island City Council (MBPP) has been given specific orders to tear down the illegal structures on Bukit Laksamana in Teluk Bahang. State Local Government Committee chairman Chow Kon Yeow said the Engineering Department had gone to the site to check on the latest development. “I have given the ... Read More

Dream homes, hard-to-resist bargains and investment opportunities await visitors at the second edition of Property & Investment Expo in Penang. More than 60 developers and real estate agencies will take part in the three-day event starting tomorrow at the Sunway Carnival Convention Centre, Seberang Jaya. Prospective buyers can explore the latest ... Read More

Ramah Pavilian, an affordable housing scheme at Teluk Kumbar, continues to earn the first spot for the second consecutive month. In fact the traffic has increased by more than 21% from April, and viewed twice as many times as the second project (Tri Pinnacle) in the list. Surging toward the ... Read More

The Penang government has introduced a new category of housing applicants for affordable housing scheme – the talented and skilled. According to the State housing exco Jagdeep Singh Deo, the new category is for knowledge workers who were employed and voting in Penang, but not necessary to have 5 years ... Read More

Orange Regency, an ongoing condominium development by Tah Wah Group in Butterworth, Penang. Strategically located along Jalan Ong Yi How, just a short drive away from SMJK (C) Chung Ling. The residential component of this development comprises a 12-storey building with 314 condominium units. Unit size ranging from 1,400 sq.ft ... Read More