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Penang’s LRT Project Set to Begin with Groundbreaking Ceremony in December: A Game-Changer for the Property Market
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Have you ever considered the impact of public transportation on the property market? Your guess is likely similar to mine—it tends to drive property prices up. Some people believe they should wait to purchase property until a project is complete, but that usually means paying higher prices. My advice is to buy when the project is in the planning stage, as prices are generally lower.
The latest development in Penang is the Mutiara Line light rail transit (LRT) project, which is on track despite a few amendments to the original plan. The adjustment to the LRT route is to extend the line from Penang Island to Penang Sentral via an elevated track above the sea, which is good news for residents on the mainland and property investors alike.
According to the latest report from MRT Corp, the route will begin at Penang Sentral on the mainland and head to the first proposed station on Penang Island at Macallum. From Macallum, the route will pass through Komtar, Jalan Gurdwara, Solok Sungai Pinang, Sungai Pinang, Jelutong Timur, and continue to Silicon Island.
Penang LRT Line (Unofficial)
The above is the detailed proposal and locations of LRT stations in Penang. There are a total of 22 stations along the line. Imagine what will happen to property prices going forward along the line and nearby the stations?
GEORGE TOWN, Jan 9 2025
GEORGE TOWN, Jan 9— This year marks the final edition of the iconic Pesta Pulau Pinang at Tapak Pesta Sungai Nibong, as plans are underway to relocate the event to a new venue next year.
The decision to move is driven by the incorporation of part of the festival site into the Mutiara Light Rail Transit (LRT) Line project. The 2025 edition is expected to be the last held at this historic location.
Despite the change in venue, the festival’s significance as a vibrant celebration for Penangites will remain unchanged, symbolizing both the state’s progress and its rich cultural traditions.
From the desk of Miichael Yeoh
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