News about Penang

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.

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

GEORGE TOWN (Jan 13): The State Land and Mines Office has been instructed not to authorise any land transactions involving 1Malaysia Development Bhd (1MDB) without the state's prior approval.

  We continue our focus on Northeast Penang by looking at average prices on a per square foot (psf) basis.