Notice to proceed issued for Penang LRT project construction
The Penang government will announce a strategic communication platform and feedback line for all ongoing and upcoming mega projects in the state, Penang Chief Minister Chow Kon Yeow said.
The Penang government will announce a strategic communication platform and feedback line for all ongoing and upcoming mega projects in the state, Penang Chief Minister Chow Kon Yeow said.
“Its primary aim is to deter property speculation, particularly in the medium-cost segment, where rising prices in the subsale market have increasingly placed home ownership beyond the reach of middle-income earners.
The land, referred to as Parcel 1, is part of a larger 161.
"If it is approved, we [the state government] are prepared to renegotiate and review the implementation method to mitigate any potential impact.
InvestPenang said the 36,000 sq ft innovation hub, located in Bayan Lepas, serves as a one-stop centre for local integrated circuit (IC) design startups, offering access to advanced infrastructure, high-performance computing environments and collaborative development programmes.
"Some initial work has been done at the project site, including soil study, land acquisition and compensation negotiations with owners, but the official notice is important to allow physical construction work completely.
If location is the silent language of prestige, then G’Vinton Executive Residences & Suites (G’Vinton) speaks volumes.
Chief Minister Chow Kon Yeow said, according to the Penang Property Market Report for the Fourth Quarter of 2024 released by Napic, a total of 2,796 residential units have been identified as unsold, involving various types of residential properties across the state.
Gamuda’s secured projects include Segment 1 of the Penang Light Rail Transit (LRT) and data centre developments in Negeri Sembilan, which are expected to drive the company towards achieving its order book target of RM40 billion to RM45 billion this year.
Prior to this latest award, it obtained a RM40.