Real Estate

Phase One of the Gurney Bay project opens

February 4, 2024 THE physical works for Phase One, also known as Priority 1, of the Gurney Bay project, have been completed and are now open to the public as of today. The Gurney Bay project, valued at RM247.8 million, is divided into two phases: Priority 1 and Priority 2. An aerial view of the Gurney Bay project (Priority One). Priority 1, covering 27.70 acres, includes various...

Phase one of Gurney Bay now open to public

Sunday, 04 Feb 2024 | By LO TERN CHERN GEORGE TOWN: Phase one of the new Gurney Bay is now open to the public, following an announcement made by Penang Chief Minister Chow Kon Yeow. He made the announcement after accompanying Yang di-Pertua Negeri of Penang Tun Ahmad Fuzi Abdul Razak for a walkabout to tour the place on Sunday (Feb 4). "Works at Gurney Bay phase one have been declared...

Penang properties still hot

Close to home: Singaporeans like Penang because of its similar language, food and culture, according to a property consultant. — ZHAFARAN NASIB/The Star Wednesday, 31 Jan 2024 | By IMRAN HILMY GEORGE TOWN: Like the tourism industry which gets a boost from the weak ringgit, the country’s property market, too, looks to be flourishing with higher demand, especially from foreign...

Equalbase invests RM300mil on first logistics complex in Penang

Property News/26 January 2024 Equalbase, which specialises in sustainable commercial and industrial logistics developments in Asia, is investing RM300 million for its first carbon-neutral logistics complex in Valdor, Penang. Valdor I, spanning 4.6 hectares and over 600,000 square feet, will achieve over 50 per cent energy efficiency using Equalbase’s carbon-cured concrete, reducing carbon dioxide...

Tropicana sells Courtyard by Marriott Penang for RM165 mil

Courtyard by Marriott Penang opened its doors in 2020 and offers 199 hotel rooms and suites together with hotel facilities. (marriott.com) The disposal was arrived at a willing buyer-willing seller basis and will generate surplus cash of approximately RM80.8 million for Tropicana. EdgeProp January 26, 2024  PETALING JAYA (Jan 26): Tropicana Macalister Avenue (Penang) Sdn Bhd, a wholly-owned...

Urban Renewal Implementation Guidelines – What’s in it for developers?

From left: Datuk Wira M Noor Azman Taib secretary general, Ministry Housing and Local Government; Nga Kor Ming, minister of Housing and Local Government, and TPr. Md Nazri Abdullah, PLANMalaysia deputy director-general (planning) at the launch of the Urban Renewal Implementation Guidelines. (Photo by KPKT Malaysia) The guidelines function as a strategic tool, inviting developers and relevant parties...

Research houses positive on property sector amid lower residential overhang

MIDF Research said relaxing requirements for the Malaysia My Second Home (MM2H) programme have been viewed positively as this should raise applications and property demand. Bernama January 05, 2024 | Updated 2 days ago KUALA LUMPUR (Jan 5): MIDF Research remains positive on the property sector with improving fundamentals and a lower residential overhang, easing concerns about an...

Penang exco: 154,685 units of affordable houses established in state since 2008

State housing and environment committee chairman Datuk Seri S.Sundarajoo said Penang has recorded an increase in the supply of affordable houses (RMM) by 154,685 units or 70.31 per cent at various stages from 2008 to December 31 last year. — Picture By Opalyn Mok Wednesday, 03 Jan 2024 9:33 PM MYT GEORGE TOWN, Jan 3 — Penang has recorded an increase in the supply of affordable houses (RMM)...

UEM Sunrise hits highest in nearly six years as it continues to climb amid active trades

It saw over 100 million shares traded, indicating investors' avid interest in the company due to its huge land bank in Johor, which is seen as a hotspot for the property sector due to upcoming high-value transit developments such as the Johor-Bahru Singapore Rapid Transit System and the formation of the Johor-Singapore Special Economic Zone (SEZ) in the state. KUALA LUMPUR (Jan 4): UEM Sunrise Bhd,...

Compare listings

Compare