Penang Property Talk
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Mah Sing sells land in Georgetown for RM66.33 million
Mah Sing Group Bhd, one of the biggest property development companies in Malaysia by asset size, intends to use the money raised from the sale of an undeveloped plot of land in Penang to buy more land in the future…[READ MORE]
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Malaysia’s overhang situation is getting better but still very high
Malaysia’s overall overhang situation improved in the first half of 2022 (1H2022), with a drop of 7.5 per cent to 34,092 units from 2H2021 in terms of volume and a drop of 4.6 per cent to RM21.73 billion in terms of value, according to the National Property Information Centre’s (Napic) semi-annual report….[READ MORE]
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Monopole transmission tower next to the Penang Bridge to be completed by 2024
Penang will soon have an 8.5km monopole transmission tower next to the Penang Bridge, connecting the Perai Power Station (SJ) Main Inlet Substation (PMU) to the Light PMU in Penang to strengthen the electric supply here…[READ MORE]
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Queens Waterfront Sports Complex to be completed in 2026
The Queens Waterfront Sports Complex, a project by Ideal Property Group, is expected to play a key role in strengthening Penang’s sports development…[READ MORE]
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Penang Affordable Housing Expo 2022 @ Prangin Mall (October 7-9)
The expo will feature various affordable housing projects located in Penang Island and Mainland, including completed units under construction by PDC, SP Setia, Scientex, PLB Land, Prisma Bumiraya, MSummit, Hunza and many more!
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First digital library in Bukit Mertajam to be ready in 2024
The Penang government, through the Chief Minister Incorporated (CMI), and Jit Sin School Union Bukit Mertajam have inked a partnership to establish the very first Penang Digital Library (PDL) in Bukit Mertajam and the central Seberang Perai district...[READ MORE]
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Stonyhurst International School set to welcome first batch of students on Sept 26
Built on 4.3 acres of land, Stonyhurst International School boasts state-of-the-art facilities, designed with 21st-century teaching and learning pedagogy in mind…[READ MORE]
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Thriven buys apartment land in Penang for RM21mil
Thriven Global Bhd is acquiring 4,700 sq metres of freehold land in Butterworth that has been approved for the development of serviced apartments…[READ MORE]
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SITE PROGRESS: Celesta Residency (Sep 2022)
Construction reaches top floor... near SRJK(C) Kwang Hwa.
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High-rise owners urge Penang govt to review homestay restrictions
A homestay owners’ group has joined calls for the Penang government to reconsider the proposed restrictions on short-term rental accommodation in high-rise buildings…[READ MORE]
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AFFORDABLE: Sungai Dua / PTL Residence Sdn. Bhd.
A newly proposed affordable housing development by PTL Residence Sdn. Bhd. at Sungai Dua in Butterworth. Located near Jalan Sungai Dua Utama 3, just stone’s throw away from SK Desa Murni…
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Amaanee Residences
An upcoming Wakaf development by Uda Land within Taman Wakaf Seetee Aisah 1 in Seberang Jaya. It is strategically located next to North-South Expressway, just a few minutes’ drive from Penang Bridge and Butterworth Outer Ring Road.
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Revised George Town Unesco World Heritage Site SAP ready for public feedback
The revised Special Area Plan (SAP) for George Town Unesco World Heritage Site, now up for public viewing, will ensure the township is sustainable…[READ MORE]
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AFFORDABLE: Bukit Mertajam / Iconic Maison Sdn. Bhd.
Proposed affordable housing development near AEON Mall in Alma...
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REHDA & Analyst: OPR hike unlikely to keep property market down
Property analysts and housing developers said any further interest rate hike on the property sector will be minimal and only create headwinds in the short term…[READ MORE]
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TNB’s RM500mil project to bolster Penang’s electricity supply
Slated for completion in 2024, the 275kV overhead line transmission will be in parallel with Penang Bridge through 31 monopoles, connecting the Prai Power Station (SJ) Main Inlet Substation (PMU) to The Light PMU on Penang island…[READ MORE]
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SITE PROGRESS: Iconic Regency (Oct 2022)
Under construction next to SK Sungai Nibong... from RM400k onwards.
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Penang extends Home Ownership Campaign for another year
Eligible applicants to continue enjoying a 10% discount on affordable housing in 2023... [READ MORE]
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Budget 2023: Housing Sector Highlights
Houses worth from RM500,000 to RM1mil will enjoy an increase in stamp duty exemption from 50% to 75% until Dec 31, 2023...[READ MORE]
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Phase One of the Gurney Wharf project to be ready in March 2023
The Priority One (Phase One) of the iconic Gurney Wharf project is expected to be completed in March next year...[READ MORE]
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Penang Affordable Housing Expo offered 832 affordable homes
A total of 832 affordable homes were offered at the Penang Affordable Housing Expo 2022 at Prangin Mall in George Town...[READ MORE]
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