News about Penang

HOUSES are more than just shelters for most people.

  This week’s spotlight shifts outside to the secondary market for non-landed residences on Mainland Penang.

GEORGE TOWN (Jan 22): Penang-based property player Aspen Vision Development Sdn Bhd (Aspen Group) is targeting to have its shares floated — either on the Main Market of Bursa Malaysia or the Catalist board of the Singapore Exchange (SGX) — by the fourth quarter of this year, according to Aspen Group co-founder and chief executive officer Datuk M Murly (pictured).

FOOD, glorious food! Assam laksa, putu mayam, char kuey teow! The Pearl of the Orient’s stunningly delicious local palate is undeniably inspired by its cosmopolitan origins and draws visitors near and far.

  Here are the price growth trends and indicative asking rental yields for non-landed residences in Southwest Penang.

  Here are the average prices of non-landed residential property in Southwest Penang on a per square foot (psf) basis.

KUALA LUMPUR: AmFirst Real Estate Investment Trust has secured a RM250 million syndicated-term loan facility from Public Bank Bhd andAmBank (M) Bhd to acquire six pieces of land in Seberang Perai Tengah, Penang.

  Northeast Penang is perceived as the upmarket part of the island, but Southwest Penang is becoming more appealing with numerous projects underway related to the Penang Second Bridge and Penang Transport Master Plan.

  This week’s spotlight falls on non-landed residences in Southwest Penang island.

KUALA LUMPUR (Jan 16): Ewein Zenith Sdn Bhd is planning to launch the RM800 million City of Dreams in Bandar Tanjong Pinang, Penang in the first quarter of this year.