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GEORGE TOWN: The Second Penang Bridge project cost remains within the RM4.5bil budget, despite several safety testings, says the bridge concessionaire, Jambatan Kedua Sdn Bhd (JKSB).
PETALING JAYA: PLB Engineering Bhd's subsidiary PLB Terang Sdn Bhd has clinched a 20-year concession agreement with Majlis Perbandaran Seberang Perai (MPSP) and Majlis Perbandaran Pulau Pinang (MPPP) to operate and maintain a sanitary landfill and materials recovery facility at Pulau Burung, Seberang Perai Selatan, Penang.
THE trend of developing residential properties priced between RM200,000 and RM400,000 is picking up in Penang, a state where property prices are second highest in the country after Kuala Lumpur.
GEORGE TOWN: Tourism projects comprising six hotels in George Town and a water theme park in Teluk Bahang in Penang, with gross development value (GDV) of over RM860mil, will be operational in 2013 and 2014.
GEORGE TOWN: The Penang Municipal Council (MPPP) has revised the plot ratio guidelines for high-rise properties on the island to allow developers to construct a total of 122,000 sq ft per acre compared with 42,000 sq ft per acre previously.
GEORGE TOWN: Initiatives to conserve Penang's heritage properties could assume the Italian model which involves the collaboration between the private and public sectors, according to the Penang chapter of the Malaysian Association of Hotels (MAH).
GEORGE TOWN: The city's old trades, culture and lifestyle of Penangites are some of the key reasons why George Town was awarded the World Heritage Site (WHS) status, not solely because it has heritage buildings that could be conserved, said Real Estate and Housing Developers Association (Rehda) (Penang) chairman Datuk Jerry Chan.
PENANG needs at least 200 to 300 new hotel rooms a year even if its economic growth stays below 5% per annum as a result of the global recession, says the Malaysian Association of Hotels (MAH), Penang chapter, chairman Marco Battistotti.
GIVING his backing for the four hotel projects to proceed, Real Estate Housing Developer Association, Penang Chapter (Rehda Penang) chairman Datuk Jerry Chan said the blanket 18m height guideline for Penang's inner city was not imposed by Unesco, as popularly believed.
In part two of the i>StarBiz/iroundtable on the Penang property secor our panelists discuss concerns over the state's long-term attraction as a property investment hub and what can be done to enhance the competitive edge.