News about Penang

PETALING JAYA (May 18): Property developer S P Setia Bhd Group has launched the “Ka Ki Lang” Bonanza campaign which offers a variety of rewards for new Setia property owners who purchase units from now until the end of this year at the Setia Welcome Center (SPICE) in Penang today.

KUALA LUMPUR (May 18): Property developer S P Setia Bhd will launch its maiden project in mainland Penang in the second half of this year, which forms part of its launches totalling RM5.

KUALA LUMPUR (May 16): Ewein Bhd is increasing its stake in Ewein Zenith Sdn Bhd to 89% from 73%, as part of its plan to gain control in the Penang-based property developer, which is currently developing a luxury sea-front residential project worth RM800 million in gross development value.

PETALING JAYA (May 14): Property consultancy Savills Malaysia expects housing prices to firm up in 2019, with real estate developers only able to increase supply by early 2020, following renewed confidence in the market from the new government’s promise of clean and fair governance.

GEORGE TOWN (May 14): The Penang government said it will push for the light rail transit (LRT) project under the RM27 billion Penang Transport Master Plan to be given priority by the Land Transport Commission (SPAD).

It has been 11 years since Queensbay Mall in Bayan Lepas, Penang first opened its doors to the public, but it constantly has something new and fresh to offer.

Rented for: RM1,500 a month Concluded by: Mayzel Wong (REN 17359) of Khoo & Associates Realty (017-575 8999) When: Jan 4, 2018 Noteworthy: ● Freehold ● 1,300 sq ft ● Three-storey commercial lot ● Next to Sunshine Farlim Shopping Mall, F&B outlets, banks, clinic and student learning centre ● About 3km away from Penang Hill and Kek Lok Si Temple, 6km away to George Town, 15km away from Penang International airport in Bayan Lepas and 9km to the Penang Bridge The three-storey shop unit is situated at Jalan Pisang Berangan in Ayer Itam, Penang, which is a well-known part of Penang island for local hawker food and popular tourist spots such as Penang Hill and Kek Lok Si Temple.

PETALING JAYA (April 30): Singapore-listed property developer Aspen (Group) Holdings Ltd has entered into a placement agreement with Oxley Holdings Ltd, a Singaporean property developer, to raise about RM69 million in gross proceeds for the acquisition of landbank, future developments and working capital.

KUALA LUMPUR (April 25): The main contractor of the Penang undersea tunnel project has threatened to sue any party spreading fake news about it and the project via social media and other channels.

KUALA LUMPUR (April 18): We have heard the terms “co-living or co-working spaces” being used increasingly more these days.