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| 27th December 2011 |
Largest property fair in Penang
The event will showcase award-winning properties at the Straits Quay Convention Centre from March 23 to 25
A PROPERTY fair, showcasing properties valued at over RM1 billion, and the largest of its kind in the northern region, will be held here next year.... |
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| 23rd December 2011 |
Freehold conversion prospect revived
SOON after the northern states of Perak and Penang were won by the Pakatan Rakyat coalition in March 2008, the two new governments caused immediate ripples in the property sector by announcing highly popular plans to award freehold land titles to residents.... |
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| 23rd December 2011 |
Five workers escape fiery death
BUTTERWORTH: Five workers, who were trapped in a burning timber factory and recycling warehouse in Jalan Siram, escaped unharmed when they were rescued by firemen.... |
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| 23rd December 2011 |
New currency series launched
Bank Negara Malaysia banknotes come with enhanced security features
KUALA LUMPUR: THE RM20 banknote has made a comeback after a 16- year absence, with the launch of the latest currency series by Bank Negara Malaysia.... |
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| 22nd December 2011 |
1Green move for the environment
KUALA LUMPUR: A concerted effort by individuals, government and private sector is needed for the country to protect the environment and to reduce carbon dioxide emission by 40% before 2020, MCA president Datuk Seri Dr Chua Soi Lek said.... |
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| 21st December 2011 |
Grandpa gives back to society
GEORGE TOWN: A senior citizen who used to live in a rundown shack with his seven-year-old grandson, turned Santa Claus and brought gifts for some 40 residents at a home for the disabled.... |
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| 20th December 2011 |
Tambun Indah lines up RM600m properties
KUALA LUMPUR (Dec 19, 2011): Butterworth-based property developer Tambun Indah Land Bhd expects to launch RM600 million worth of properties next year including its first project on the island in mid-2012, and maintain new property sales of over RM300 million for the next few years, its managing director Teh Kiak Seng said.... |
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| 20th December 2011 |
Penang’s affordable housing tragedy
From Calvin Sankaran, via e-mail
When Lim Guan Eng became the Chief Minister of Penang in 2008, he was welcomed with much optimism, hope and a huge groundswell of goodwill.... |
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| 20th December 2011 |
Ho, ho, ho, Santa makes a splash at resort
GEORGE TOWN: Instead of riding a reindeer-powered sleigh, Santa Claus came to town here astride a water scooter!
Father Christmas’ innovative appearance surprised both local and foreign holidaymakers at the Shangri-La’s Rasa Sayang Resort & Spa beachfront in Batu Ferringhi.... |
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| 16th December 2011 |
Hunza plans RM7b Penang project
GEORGE TOWN: Hunza Properties Bhd will submit plans to the local authorities next year for a mixed-development project in Bayan Baru with a gross development value (GDV) of RM6bil to RM7bil.... |
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| 16th December 2011 |
Bottled-up Xmas mood now in the air
GEORGE TOWN: Like the ugly duckling that turned into a graceful swan, a mountain of mineral water bottles have been made into majestic chandeliers at a hotel lobby here.... |
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| 13th December 2011 |
PHT: Check on flood mitigation implementation methods
GEORGE TOWN (Dec 11, 2011): Penang Heritage Trust (PHT) yesterday refuted suggestions that it was not supportive of the state government's flood mitigation efforts in the heritage enclave, but said that it has received numerous complaints over the implementation methods of the project.... |
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| 12th December 2011 |
It’s a walk down heritage lane in Penang
GEORGE TOWN: It was a different kind of hustle and bustle along Beach Street when families came in droves to cycle, stroll or jog in what is usually a car-jammed stretch in the city's central business district.... |
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| 12th December 2011 |
Singapore’s property game changes
KUALA LUMPUR: Malaysian developers that enthusiastically expanded across the Causeway could hit a bump in their plans, following the latest move by Singapore to further cool its property market by making buyers, particularly foreigners, pay more in taxes.... |
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| 12th December 2011 |
Managing challenges for common living
To a full house of developers, building managers, estate agents and other members of the real estate industry, Fiabci-Malaysia and the Malaysian Association for Shopping and Highrise Complex Management (PPK) hosted its recent Malaysia Property Management Seminar 2011.... |
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| 8th December 2011 |
CapitaLand plans to spin off China projects
HONG KONG: CapitaLand Ltd, South-East Asia's largest property developer, plans to spin off its developed Chinese projects into two mainland-listed real estate investment trusts (REITs) when China approves listing of REITs, according to its CEO.... |
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| 6th December 2011 |
Unregistered real estate agents can take equity stake
PETALING JAYA: Effective Jan 1 next year, the amended Valuers, Appraisers and Estate Agents Act 1981 will allow individuals who are not registered as real estate agents to take up equity in valuation, property management and estate agency firms as part of the liberalisation of the services sector.... |
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| 6th December 2011 |
CM: sPiCE a must as trade shows are increasing
GEORGE TOWN: The state needs the Penang International Convention and Exhibition Centre (sPICE) to support the trade shows that have increased in number over the past four years, said Chief Minister Lim Guan Eng.... |
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| 6th December 2011 |
Car park report an open book
GEORGE TOWN: Anyone who has doubts over the three-member special inquiry committee’s independent report into the controversial “Kancil car park” can obtain a free copy of it at the state secretary’s office (SUK).... |
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| 6th December 2011 |
CIDB’s measurement standards hailed
KUALA LUMPUR: Industry players believe the introduction of the Malaysian Civil Engineering Standard Method of Measurement by the Construction Industry Development Board (CIDB) will improve project delivery.... |
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| 2nd December 2011 |
A fragile world brand at our doorstep
An examination of the kudos conferred on Penang in the past three years reveals a set of key ingredients that are central to the success story, characterised by its people, places and practices.... |
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| 1st December 2011 |
Redevelopment deal of Crag Hotel stalled
GEORGE TOWN: A deal for a developer to redevelop one of the state’s oldest landmarks on Penang Hill — Crag Hotel — appears to have stalled, due to an alleged exclusion of surrounding properties in the hotel’s vicinity.... |
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| 30th November 2011 |
NGOs against land swaps
GEORGE TOWN: The Penang Government should use state land as collateral to obtain loans from banks to start proposed mega road and sea tunnel projects.... |
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| 30th November 2011 |
Trishaw riders to get RM100 a month
GEORGE TOWN: The state government has upped the ante by increasing aid given to trishaw riders to RM100 monthly – RM40 more than the RM60 requested by the Penang Trishaw Riders Association.... |
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| 29th November 2011 |
Cabinet nod for green guidelines
KUALA LUMPUR: The Cabinet has approved a green neighbourhood and low carbon city framework and assessment system aimed at reducing the nation’s carbon emissions.... |
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| 24th November 2011 |
Car crash wreaks havoc
GEORGE TOWN: It was a horrifying wake-up call for residents in Kedah Road when a car crashed into a row of pre-war houses, bringing down the upper floors of five homes.... |
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| 24th November 2011 |
Charge errant builders only, ministry urged
PETALING JAYA: While supporting the move to charge errant developers, Real Estate and Housing Developers Association Malaysia (Rehda) has urged the Government to also take into consideration the reasons why projects were delayed or abandoned.... |
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| 23rd November 2011 |
Two families homeless after blaze
GEORGE TOWN: A fire which broke out near Penang Hill has rendered two families homeless when their cluster houses on Jalan Pokok Ceri were destroyed.... |
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| 23rd November 2011 |
Four take Penang govt to court
GEORGE TOWN: Four Penangites have filed a suit against the state government in a High Court here challenging the validity of the subterranean Penang International Convention and Exhibition Centre (sPICE) project’s agreement.... |
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| 21st November 2011 |
Penang – a hot place to be
Spending time in Penang is definitely an experience to be repeated considering its history, beaches, food and now a level of cultural activity that puts the island in a new league.... |
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| 21st November 2011 |
China says fall in home prices spreading
The number of major Chinese cities posting a drop in home prices doubled in October, the government said Friday, in a sign efforts to cool the country's surging property market are working.... |
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| 21st November 2011 |
Concern over theme park site
GEORGE TOWN: The location of the proposed RM120mil Escape Theme Park Resort is causing worries to environmentalists as it is near three greenery zones – the Teluk Bahang Forest Reserve, Penang National Park and the Teluk Bahang Dam.... |
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| 21st November 2011 |
Chua: Mega plans just empty promises
BUKIT MERTAJAM: The MCA has slammed Penang Chief Minister Lim Guan Eng over several huge projects pledged to Penang in the last general election but which have yet to materialise.... |
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| 18th November 2011 |
Folk want part of church land
GEORGE TOWN: Seven people living within the grounds of a Catholic church on Penang Road here have proposed that they be allowed to stay on 20% of the 1.... |
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| 18th November 2011 |
Outdoor kitchen concept
Growing up in a village, I remember that cooking was done in an attap structure that was separate from the house.... |
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| 17th November 2011 |
Muhyiddin sees no logic for Penang tunnel
KUALA LUMPUR: Deputy Prime Minister Tan Sri Muhyiddin Yassin has questioned the logic behind the proposed third link between Penang island and the mainland, warning it may end up being a waste of funds.... |
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| 17th November 2011 |
Abandonment of housing projects to be deemed criminal offence
KUALA KUMPUR: All licensed housing developers who fail to complete a housing project or cause the abandonment of the project shall be deemed to have committed a criminal offence under the amendments to the Housing Development (Control and Licensing) Act 1966.... |
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| 17th November 2011 |
Pump-priming in Penang
Maintain overweight: Four traffic alleviation projects announced by the Penang government could drum up excitement over contractors and developers that already have exposure there, IJM Corp Bhd and Malaysian Resources Corp Bhd (MRCB) for example.... |
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| 15th November 2011 |
Penang World City project subject to EIA
GEORGE TOWN (Nov 13, 2011): The recently unveiled 'Penang World City' planned on reclaimed land south of the Penang Bridge with an estimated gross development value of RM10 billion is subject to Environmental Impact Assessment (EIA).... |
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| 15th November 2011 |
Dijaya, Ivory rise on Penang property tie-up
PETALING JAYA: Dijaya Corp Bhd and Ivory Properties Group Bhd shares were up after the companies announced a tie-up for a mixed-property project with a gross development value of RM10bil in Bayan Mutiara, Penang.... |
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| 14th November 2011 |
Banks offering more attractive home loans
PETALING JAYA: With razor thin margins due to rising competition in the home loans market, banks are now aggressively value-adding their home loans to stay competitive and boost their market share.... |
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| 14th November 2011 |
More hotels in Penang with GDV of RM860mil
GEORGE TOWN: Tourism projects comprising six hotels in George Town and a water theme park in Teluk Bahang in Penang, with gross development value (GDV) of over RM860mil, will be operational in 2013 and 2014.... |
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| 10th November 2011 |
China property developer sentenced to death - report
HONG KONG - A property developer in the eastern Chinese province of Zhejiang was sentenced to death for swindling more than $867 million from investors in an illegal fundraising scheme, a newspaper reported on Wednesday.... |
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| 9th November 2011 |
Penang airport soaking wet
GEORGE TOWN: A leak was detected on the second floor of the Penang International Airport, about 50m from the automated glass doors.... |
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| 9th November 2011 |
Grandpa lifts gold at world championships
GEORGE TOWN: Septuagenarian Ng Chow Seng has done the country proud by winning the gold medal at the 2011 International Weightlifting Federation World Masters Weightlifting Championships in Limassol, Cyprus.... |
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| 8th November 2011 |
State housing board in limbo
WHEN the Penang State Assembly approved an enactment to establish a new State Housing Board in October last year, it was widely anticipated to be a fresh shot in the arm for what had arguably become a dismal and disoriented sector.... |
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| 8th November 2011 |
Cuba passes law allowing private home sales
The Castro government has allowed individuals to buy and sell homes for the first time in 50 years, bringing relief to Cubans celebrating the latest reforms of the island's Soviet-style economy.... |
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| 8th November 2011 |
Residents: Stop sandblasting
GEORGE TOWN: Some 80 residents from the Sri Pelangi apartments in Gat Lebuh Macallum are demanding that a nearby shipyard stop polluting the air with its sandblasting activities.... |
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| 8th November 2011 |
Council urges firms to adopt landscaping project
BUTTERWORTH: Corporate companies should grab the opportunity to feature their organisations via beautification work under the Seberang Prai Municipal Council’s corporate social responsibility (CSR) landscaping adoption project.... |
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| 8th November 2011 |
Concession rights now worth RM5bil, says Chow
GEORGE TOWN: The concession rights obtained by the developer of the RM300mil Tun Dr Lim Chong Eu Expressway are now worth RM5bil, said Penang Local Government and Traffic Management Committee chairman Chow Kon Yeow.... |
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| 3rd November 2011 |
Shape up, hill authority told
GEORGE TOWN: Chief Minister Lim Guan Eng has asked Penang Hill Corporation (PHC) to buck up and get the 11 hawker stalls at the lower train station in Air Itam up and ready for business.... |
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| 1st November 2011 |
Rep: Plug loophole on low-cost home ruling
GEORGE TOWN: A backbencher has told the state government to make it compulsory for deve-lopers to construct low-cost or low medium-cost houses on the island for any development project they undertake.... |
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| 1st November 2011 |
Storm hits 64 homes in Batu Maung
GEORGE TOWN: Sixty-four houses in Batu Maung were damaged during a thunderstorm where four households had their rooftops blown off their attap homes.... |
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| 31st October 2011 |
Decision to call off Boustead land reclamation deal lauded
Penang Forum welcomes and fully supports the state government’s bold decision to call off a controversial proposed agreement to allow Boustead Holdings Bhd to reclaim land at Bayan Bay as compensation for having to scale down the firm’s hotel along Weld Quay.... |
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| 31st October 2011 |
Tree falls on car and shops
GEORGE TOWN: Two shops and a car along Patani Road here were badly damaged when a tree fell on them during a heavy downpour.... |
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| 28th October 2011 |
Protests hit China as property prices fall
Hundreds of angry home buyers launched a series of protests in China's commercial hub of Shanghai this week, as owners decried falling prices for their properties, state media said Thursday.... |
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| 27th October 2011 |
Malaysian realty sector woos Indian investors
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Banking on cultural affinities, particularly with South states.... |
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| 27th October 2011 |
New US home sales rise
Sales of new US homes rose more than expected in September, hitting an estimated rate of 313,000, according to the Department of Commerce"(Sales) increased by 5.... |
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| 27th October 2011 |
HK office space still costliest
HONG KONG: Hong Kong continues to be the most expensive place in the world to rent office space, according to research from a property brokerage.... |
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| 27th October 2011 |
Penang rolls out e-waste project
GEORGE TOWN: Malaysia generated about 163,000 tonnes of used electronic products or e-waste last year, says Penang Department of Environment (DOE) Read more |
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| 27th October 2011 |
Buah Pala lots go to PKR men
GEORGE TOWN: Allegations have surfaced accusing Pakatan Rakyat politicians of giving special preference to their cronies in awarding lots for the Kampung Buah Pala compensation houses.... |
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| 27th October 2011 |
Penang to give RM100 to students
George Town: The state government will give out RM100 each to students in Year One and Four; as well as Form One and Form Four beginning next year, said the Penang Chief Minister.... |
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| 27th October 2011 |
Penang public housing system reveals 'loopholes'
GEORGE TOWN: The Auditor-General's Report 2010, which criticised the Penang government for delays in distributing public housing units, was very damaging for the state government's competency, accountability and transparency principles.... |
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| 24th October 2011 |
BLR? Bring on lower rates
PETALING JAYA: OPR? BLR? CPI?
Never mind the “fancy” terms, the man-in-the-street merely wants lower interest rates so their bank loans are less costly to service.... |
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| 24th October 2011 |
New Act with rule for flat-dwellers
PETALING JAYA: The Housing and Local Government Ministry is working on a new Strata Management Act which would help “guide” those living in stratified property.... |
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| 21st October 2011 |
Early Deepavali treat for 25 kids
GEORGE TOWN: Twenty-five less fortunate children from a home here had an early Deepavali treat that included Indian dances and learning to make murukku at the Holiday Inn Resort Penang's Mumbai Dance Night.... |
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| 21st October 2011 |
Penang govt rapped
GEORGE TOWN: The Penang Government has come under fire for failing to give priority to core issues like heritage conservation and environment protection to safeguard the people's quality of life.... |
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| 19th October 2011 |
Getting to the bottom of sewage leak
GEORGE TOWN: Gerbang Bukit Kecil 2 at Krystal Point in Bayan Baru, Penang, will be partially closed until Saturday to enable Indah Water Konsortium (IWK) to solve a problem with overflowing sewage water.... |
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| 19th October 2011 |
Proper roofs over their heads
GEORGE TOWN: The Federal Government hopes to end the housing woes of inshore fishermen here by coming up with a RM300mil affordable housing scheme.... |
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| 19th October 2011 |
Time for church land folk
GEORGE TOWN: Occupants of houses within a church grounds here have until Nov 17 to decide if they want to accept the Titular Roman Catholic Bishop of Penang’s increased offer of compensation to vacate the site.... |
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| 19th October 2011 |
Penang opposes Boustead’s reclamation plans
GEORGE TOWN: The Penang government has decided to go back on a land reclamation deal with Boustead Holdings Bhd, which was part of a compensation mechanism for the latter, after it scaled down its Royale Bintang Hotel project in the heritage core zone.... |
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| 18th October 2011 |
Penang and the green agenda
DURING an international conference on quantity surveying in Penang last week where she was invited to deliver a keynote address, former International Trade and Industry Minister Tan Sri Rafidah Aziz continued to be in her element.... |
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| 18th October 2011 |
Penang reclamation deal off
GEORGE TOWN: The Penang Government will not proceed with land reclamation along the Bayan Lepas coastal area with Boustead Holdings Bhd after public consultation.... |
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| 18th October 2011 |
30 villagers in standoff over demolition
GEORGE TOWN: Kampung Sungai Nibong Besar villagers in Pantai Jerejak tried to stop two court bailiffs, accompanied by construction workers and the police, from demolishing four houses there at 9am.... |
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| 18th October 2011 |
DOE not told of plan to build crematorium
GEORGE TOWN: The controversial crematorium and columbarium project by the Kek Lok Si Temple near the Air Itam Dam here took another twist when the Penang Department of Environment (DOE) said it was unaware of the project.... |
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| 17th October 2011 |
‘Umno will not rule Penang’
KUALA LUMPUR: Umno has no intention of helming Penang even if Barisan Nasional is given the mandate to administer the state after the polls, said Read more |
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| 17th October 2011 |
'Iconic' Penang Sports Club fighting for survival
GEORGE TOWN: The 64-year-old Penang Sports Club (PSC) which is located at one of the last green lungs and most valuable lots on the island is believed to be on the brink of losing its clubhouse along with the main car park, swimming pool and most of the tennis courts as it struggles to come up with RM24 million to renew its lease.... |
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| 14th October 2011 |
Bayan Bay fears of another Gurney Drive
EARLIER this month, residents of Bayan Bay on the south-eastern coast of Penang went public with their sense of alarm about possible reclamation looming on the shoreline there.... |
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