For illustration only In a recent update reported by Buletin Mutiara, Penang State Government is set to examine the comprehensive proposals outlined in the Penang Port Commission’s (PPC) Master Development Plan for the Penang Port. This comes in the wake of recent developments regarding the feasibility study for the undersea tunnel project, which was previously pending due to the awaited master plan from PPC involving the expansion of facilities at the Northern Butterworth Container Terminal (NBCT). Chief Minister Y.A.B. Chow Kon Yeow stated that the state government had been unable to ..read more

Penang Port Sdn Bhd (PPSB) chief executive officer Datuk Sasedharan Vasudevan said RM250mil would be spent over the next three years. This follows the development of new industrial parks in Perak, Kedah and Perlis. “With industrial parks in Padang Terap, Kota Perdana, Sidam and Kulim in Kedah, there is tremendous demand for port facilities in the northern region. “The northern Perak development, especially in Kamunting, will bring high demand for cargo services too. “We are also the gateway port for south Thailand, with transhipment of containers between the Bay of Bengal and the Far East. “O ..read more

About Lucerne Residences The final phase of residential development by Ideal Property Group at Ideal Vision Park in Bayan Lepas. It is just a short drive to Penang International Airport, 10 minutes walking distance to Straits International School. The project will see two blocks of 36-storey skyscrapers featuring a European living concept. It offers 480 residential units with a 5-storey parking podium. Find out more about Lucerne Residences Subscribe here for updates on this project and other property news Name * Email * Contact No (This information will be used ..read more

Picture for illustration purposely only The construction of the Penang Hill cable car project is set to commence next month, or latest by June, as confirmed by Penang Infrastructure, Transport, and Digital Committee chairman Zairil Khir Johari. Zairil mentioned during a short media briefing, prompted by reporters, that planning permission was secured in January of this year. “The project received approval alongside both the Environmental Impact Assessment (EIA) and the Social Impact Assessment (SIA). “Therefore, both the state and the Penang Hill Corporation (PHC) anticipate the project ..read more

Aralia Park, a serviced residence development by Palmington Sdn. Bhd. (Tambun Indah Group), situated in the Pearl City township of Simpang Ampat. It is positioned along Persiaran Mutiara 8, neighboring the Palm Garden to its left, with XCL International School behind it, and Pearl City Mall to its right. This marks the third high-rise development undertaken by the same company within the Pearl City township. This development consists of two towers, each standing 21 storeys tall, offering a total of 359 residential units comprising 2-bedroom and 3-bedroom layouts, complemented by a 50m lap poo ..read more

About The Meg @ Andaman The first project in Andaman Island, the highly-anticipated prime reclaimed island of Seri Tanjung Pinang Phase 2A by E&O. Features two blocks of 27 and 34-storey serviced apartments with an estimated GDV of RM690 million. It comprises 1,020 residential units with innovative layouts designed to suit young executives and new families. Find out more about The Meg @ Andaman Register your interest here for updates on this project and other property news Name * Contact No * Email * *By submitting this Form, you hereby agree to our PDPA Consent Clause. (This infor ..read more

Yet another upcoming luxury development nestled along the ever-bustling Gurney Drive, this project is undertaken by Ventas Sdn. Bhd. Situated adjacent to the newly completed Marriott Residences and offering picturesque views of Gurney Bay, it is merely minutes away by car to Gurney Plaza and Gurney Paragon. This development will entail the construction of a 30-storey commercial building featuring 66 office suites with mezzanine floor. It will come equipped with an automated car parking system to cater to parking needs. The project is still pending approval. More details will be available ..read more

Professionals such as valuers, property managers and real estate agents have a bright future, in line with the growing demand seen in the real estate industry, National Institute of Valuation (Inspen) director Aina Edayu Ahmad said. She noted that as of the fourth quarter of 2023, the residential stock to be managed and transacted stood at 6.2 million units. This excludes other areas such as shop property stock and industrial property stock. “Therefore, job prospects in the three professions are bright and abundant, whether in the government or the priv ..read more

Source: The Edge Malaysia In the latest findings presented by the Real Estate and Housing Developers’ Association Malaysia (Rehda Malaysia), the pulse of Malaysia’s property industry for the first half of 2024 suggests a cautious stance among developers. The report, titled “Property Industry Survey 2H2023 and Market Outlook for 2024,” was unveiled to the media by Rehda Malaysia president Datuk N K Tong last month. Based on the survey responses from 152 property developers across Peninsular Malaysia, the outlook for growth in the residential property sector appears balanced, with 52% expressi ..read more

The TPS (Temporary Hawker Site) along Jalan Jelutong, which was ravaged by fire on January 5th, has been completed ahead of schedule and will begin its handover to vendors starting April 15th. Lim Siew Khim, for Social Development, Welfare, and Non-Islamic Religious Affairs, expressed relief that the successful completion of the project ahead of schedule would bring relief to the affected traders. “Previously, the budget for upgrading the TPS Jalan Jelutong had already been approved. The fire incident has seemingly accelerated the renovation works, leading to its completion ahead of the ..read more