News about Penang

KUALA LUMPUR (March 31): The federal government says it is not to be blamed for any delay in Penang’s third link project as it has yet to receive the feasibility and detailed design studies from the state government.

Rented for: RM3,200 a month Concluded by: Mayzel Wong (REN 17359) of Khoo & Associates Realty (017-575 8999) When: Nov 21, 2016 Noteworthy: ● Leasehold ● 1,400 sq ft ● Ground floor of a two-storey shoplot ● Nearby amenities include F&B outlets, banks, mini market and Maritime Auto Mall ● About 5km away from George Town, 13km away from Penang International airport in Bayan Lepas and 6km to the Penang Bridge The unit is situated at Lebuh Sungai Pinang 1 in Jelutong, Penang, right behind Persiaran Karpal Singh, which is now one of the most popular chill-out places for locals and tourists owing to its fabulous sea view and a wide range of F&B choices.

PETALING JAYA (March 30): Eastern & Oriental Bhd (E&O) and Kumpulan Wang Persaraan (Diperbadankan) (KWAP) will jointly develop Seri Tanjung Pinang Phase 2A (STP2A) in Penang.

KUALA LUMPUR (March 30): Eastern & Oriental Bhd (E&O), which share price surged to a two-year high yesterday, is believed to have found a strategic investor who will pump in fresh capital to kick-start its second massive land reclamation project Phase 2A of the Seri Tanjung Pinang (STP) development.

PETALING JAYA (March 29): Luxury residential real estate firm List Sotheby’s International Realty has expanded its footprint to Singapore, making the city-state its Southeast Asia headquarters.

KUALA LUMPUR (March 25): The number of residential property transactions in Penang is forecast to increase to 2,527 transactions in 1Q2017 compared with 2,297 transactions in the previous quarter, while the total value of transactions is expected to rise to RM1.

KUALA LUMPUR (March 25): The residential, office and hospitality property sectors are believed to have bottomed but the retail property is expected to remain under pressure in 2017, said Zerin Properties group CEO and founder Previndran Singhe (pictured) during his talk at The Edge Malaysia Investment Forum on Real Estate 2017 today.

槟岛土地稀少支撑了房价增长率，但无奈大市放缓，发展商与卖家均谨慎行事，因此，购屋者与投资者该如何在目前的淡市中找到好交易？ 根据国家产业资讯中心（NAPIC）数据，截至2016年第三季，槟城产业成交量按年下滑13.

PENANG (March 24): Eastern and Oriental Bhd (E&O) launched its final batch of landed residential properties at Seri Tanjung Pinang 1 here, yesterday.

PENANG (March 17): Aspen Vision City Sdn Bhd is set to soft launch the second phase of its commercial component, the Vittoria Financial Centre, at Aspen Vision City in Bandar Cassia, Batu Kawan in Penang this weekend (March 18).