News about George Town

Rented for: RM3,200 a month Concluded by: Mayzel Wong (REN 17359) of Khoo & Associates Realty (017-575 8999) When: Nov 21, 2016 Noteworthy: ● Leasehold ● 1,400 sq ft ● Ground floor of a two-storey shoplot ● Nearby amenities include F&B outlets, banks, mini market and Maritime Auto Mall ● About 5km away from George Town, 13km away from Penang International airport in Bayan Lepas and 6km to the Penang Bridge The unit is situated at Lebuh Sungai Pinang 1 in Jelutong, Penang, right behind Persiaran Karpal Singh, which is now one of the most popular chill-out places for locals and tourists owing to its fabulous sea view and a wide range of F&B choices.

KUALA LUMPUR (March 25): The number of residential property transactions in Penang is forecast to increase to 2,527 transactions in 1Q2017 compared with 2,297 transactions in the previous quarter, while the total value of transactions is expected to rise to RM1.

ALTHOUGH the overall transaction volume has fallen, Penang’s housing market looks more resilient than other major markets such as Kuala Lumpur, Selangor and Johor, based on transaction volume, said TheEdgeProperty.

AFTER waiting for months on end for their applications for advertising permits and developers’ licences (APDLs) to be approved, developers in Penang breathed a sigh of relief recently — they have finally been given the nod.

PETALING JAYA (Feb 1): The general performance and outlook for the property market in Penang is still lacklustre as both economic conditions and general public sentiments are down, said real estate firm Knight Frank Malaysia in its “Real Estate Highlights 2H2016” report.

GEORGE TOWN (Jan 9): Penang-based property developer M Summit Group is set to launch next month two new mixed-development projects, with a combined gross development value (GDV) of RM85 million.

AT the time of the establishment of the Straits Settlement in Penang, local architecture was strongly influenced by British, Indian, Chinese and Islamic elements.

WITH land getting scarce on Penang island, a tract in George Town that is as big as two Olympic-sized swimming pools could fetch its owners as much as RM37 million.

A MAN on a mission with great ambitions for his state, Penang Chief Minister Lim Guan Eng is all smiles as he strides into his office in Komtar.

GEORGE TOWN (Dec 7): Penang Gerakan Youth questioned the state government about the restoration of derelict buildings along Victoria Street and Kimberly Street, here, Bernama reported today.