News about Penang

PENANG (Dec 7): Those who attended yesterday’s open session on the RM27 billion Penang Transport Master Plan were generally welcoming of the ambitious project.

KUALA LUMPUR (Dec 4): Property developer Hua Yang Bhd is proposing a mixed development with an estimated gross development value (GDV) of RM311 million in Seberang Prai, Penang, which will comprise 480 units of serviced apartments, 148 units of condominium, and 16 units of two-storey shops.

Penang’s street food, laid-back lifestyle and melting pot of cultures draw investors, visitors and would-be residents from near and far.

It has been an eventful year for IJM Land Bhd.

KUALA LUMPUR (Dec 2): Construction work on the Penang light railway transit (LRT) project, which is part of the first phase of the island’s Transport Master Plan (TMP), will start in 2018.

GEORGE TOWN (Nov 30): Gamuda Bhd-led project delivery partner — SRS Consortium Sdn Bhd — for the Penang Transport Master Plan (TMP) estimates the cost of reclaiming two islands measuring about 1,300 acres (526.

GEORGE TOWN (Nov 25): Ivory Properties Group Bhd is expected to see a 40% to 45% gross profit contribution from phases four and five of its Penang Times Square project on Jalan Datuk Keramat, over the next five years.

GEORGE TOWN (Nov 25): The Penang government is seeking clarification from the Urban Wellbeing, Housing and Local Government on its plan to increase the prices of low cost (LC) and low-medium cost (LMC) homes.

The Penang state Urban Regeneration Committee will hold its first meeting at the Penang Development Corporation on December 7, says its chairman Jagdeep Singh Deo, reports The Malaysian Insider.

NOV 22 (George Town): The Penang government has again defended its approvals for land reclamation projects, insisting that they will benefit the people.