News about Town

GEORGE TOWN (Feb 24): Penang Island City Council (MBPP) today reiterated that it had no records to show that a building demolished on the Runnymede property in George Town was the home of Singapore founder Sir Thomas Stamford Raffles.

KUALA LUMPUR (Feb 23): About 72% of property developers, fund and real estate investment trust (REIT) managers and lenders intend to invest in commercial properties in 2016, despite 57% of respondents saying they are less optimistic on the sector’s outlook, according to a new survey by global property consultancy Knight Frank.

GEORGE TOWN (Feb 23): A heritage watchdog in Penang yesterday asked Penang Island City Council (MBPP) why it did not try to prevent several old structures on the Runnymede (pictured) property from being demolished by a developer.

GEORGE TOWN (Feb 12):  The Penang government has refuted claims that a neo-classical building constructed in 1921 in Jalan Sultan Ahmad Shah here was demolished to make way for a commercial complex and five-star hotel.

SHAH ALAM (Dec 30): Only World Group Holdings Bhd (OWG), which aims for a 50% growth in revenue this financial year ending June 30, 2016 (FY16), expects to seal an investment deal “in the next couple of months”.

Penang's George Town has been named among the 16 "must-see" destinations for 2016 by the Los Angeles Times.

Green bicycle lanes that have been painted on pavements across George Town are “a mistake”, city councillor Muhammad Bakhtiar Wan Chik has said.

GEORGE TOWN (Dec 21): Penang has done a "better job than what was expected" in preserving and protecting its heritage, Chief Minister Lim Guan Eng said.

KUALA LUMPUR: MyTOWN Shopping Centre announced 14 confirmed anchor and minor anchor tenants for its 1.

GEORGE TOWN (Dec 10): Lack of enforcement in Unesco World Heritage Site, George Town is emboldening heritage building owners to build and renovate their properties without regard for guidelines and the authorities' approval, claims non-governmental organisation George Town Heritage Action (GTHA).