Penang Property Talk
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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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New ferries ready by June next year
PPC chairman Datuk Tan Teik Cheng said the 40 per cent progress on components of the ferry and design has already taken shape and is expected to be completed by June 2023..[READ MORE]
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Subsidies and incentives totaling RM55bil will help to stabilise the property market
Despite the welcoming Budget 2023, the Real Estate and Housing Developers Association (Rehda) Malaysia will appeal to the government to consider extending the 75% stamp duty exemption to all buyers which will end on Dec 31, 2023…[READ MORE]
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UPCOMING: Bukit Minyak / Frazel Property Sdn. Bhd.
A newly proposed mixed development by Frazel Property Sdn. Bhd. at Bukit Minyak. Strategically located along Jalan Bukit Minyak, right opposite Eagle & Pagoda Brand Teck Aun Medical Factory…[READ MORE]
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Penang’s next prime address – Andaman Island by E&O
As an island, Andaman is well-connected to the main island of Penang through two strategically located bridges, namely the Andaman Bridge which was completed early of this year and Gurney Bridge which are expected to be completed by 2024…
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Ideal Property Group gears up for relocation of SJKC Heng Ee
The relocation of SJKC Heng Ee ushered in the latest progress! At present, the new school building is in the process of applying for planning permission and development permit approval…[READ MORE]
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Amari SPICE Penang to fully open its doors from Nov 1 onwards
Amari SPICE Penang is a hospitality business partnership between ONYX Hospitality Group and SP Setia Berhad…[READ MORE]
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Marina 129
Upcoming premium seafront development at George Town...
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2030 Local Plan (island) Draft now open for public participation and feedback
The Penang government, through the Penang Island City Council (MBPP), launched the publicity and public participation programme for the 2030 Local Plan (island) Draft (DRTPP2030) in George Town today…[READ MORE]
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