‘1MDB only holds 20% of Air Itam land purchased’
GEORGE TOWN: Government strategic fund 1Malaysia Development Bhd (1MDB) only holds 20% or 23.
Penang sets up committee for housing scheme redevelopment, upgrading
GEORGE TOWN (Nov 20): The Penang government has set up a new Urban Regeneration Committee to look into the redevelopment and upgrading of old housing schemes, says state housing exco Jagdeep Singh Deo (DAP-Datuk Keramat).
Penang, SPAD to co-operate on transport master plan
GEORGE TOWN (Nov 19): The state government will co-operate with the Land Public Transport Commission (SPAD) to complete the RM27 billion Penang Transport Master Plan (PTMP), according to Local Government, Traffic Management and Flood Mitigation Committee chairman Chow Kon Yeow.
More than 607ha of sea land off Permatang Damar Laut, Penang, identified for reclamation
GEORGE TOWN (Nov 18): More than 1,500 acres (607ha) of sea land off Permatang Damar Laut near Bayan Lepas have been identified for the proposed reclamation that forms part of the land-swap deal with SRS Consortium, the project delivery partner (PDP), for the RM27 billion Penang Transport Master Plan (TMP).
Penang should set up special fund for heritage conservation, says rep
GEORGE TOWN (Nov 17): A DAP assemblyman says the state government should set up a World Heritage Site Fund to restore and preserve heritage sites in the Unesco city of George Town.
Klang-based company buys 31.27% stake in Penang's Ideal Sun City
KUALA LUMPUR (Nov 16): Success Tower Sdn Bhd, a private incorporated company based in Klang, Selangor, had on Nov 13 purchased 49.
Hua Yang aborts plan to buy Penang land due to SPA conditions unfulfilled
KUALA LUMPUR (Nov 16): Property developer Hua Yang Bhd has aborted its plan to acquire a 3.
Penang property market to be resilient on sustained demand
PETALING JAYA (Nov 13): Penang’s property market is expected to stay resilient on the back of sustained demand, especially from Penangites working abroad planning to return and prospective retirees eyeing homes in the state.
Ivory’s WorldCity reclamation works may begin in 2Q16
GEORGE TOWN: After a delay of almost four years, land reclamation works on the RM10 billion Penang WorldCity mixed-use development in Bayan Mutiara, Penang may finally be moving forward.
Penang Rehda questions reliability of state government’s register of affordable home buyers
GEORGE TOWN (Nov 4): Penang Real Estate and Housing Developers Association (Rehda) today asked the state government how much of the information on its register of applicants for affordable housing could be relied upon.
