Penang residential overhang more than doubles
The residential overhang in Penang more than doubled to 3,916 units worth RM3.82 billion in 2017 from 1,896 units worth RM1.47 billion in 2016, the Valuation and Property Services Department (JPPH) said in a report. In its “Malaysian Property Market Report 2017”, JPPH said the majority of residential overhangs in ... Read More
Idyllic homes in garden township
In the last pristine corner of Penang island, a piece of old Penang is being recreated — a township with lush tropical landscapes that soothe and rejuvenate. With spacious grounds for children to freely run and play in, Botanica.CT in Balik Pulau is where one finds absolute peace of mind ... Read More
Building under construction in Tanjong Tokong catches fire
A building still under construction (Tri Pinnacle) at a site in Tanjong Tokong caught passers-by and motorists off guard after smoke started billowing from the premises. The Bagan Jermal Fire and Rescue Department fire station received a distress call about 5.30pm yesterday on the incident as thick smoke could be ... Read More
Queens Residences – Progress Update (April 2018)
Queens Residences is an on-going waterfront development by Ideal Property Group at Bayan Bay. It is strategically located next to Queensbay Mall, facing Jerejak Island. The project will be developed on the reclaimed land in four phases, comprising more than 2,100 residential units. If you are one of the proud owners ... Read More
Home buyers must be heard before extension of time is applied
The Ministry of Urban Wellbeing, Housing and Local Government must give home buyers the right to be heard before developers are given an extension of time (EOT) to complete a project, the Court of Appeal ruled today. The landmark decision will have far-reaching consequences for homebuyers whose properties are delivered ... Read More
Houses become unaffordable as salary remains flat, says Rehda
The almost unchanged salary over the years is the reason why many are deprived of the luxury to own a house, said a national association for developers. The Real Estate and Housing Developers’ Association Malaysia (Rehda), which represents the interests of about 1,400 property developers, said there is a need ... Read More
Prangin canal to be rehabilitated, Sia Boey renewed
The RM6mil phase 1 of the Sia Boey Rejuvenation Project is expected to be completed in August. During the unveiling of the artist’s impressions of the project, Chief Minister Lim Guan Eng said phase 1 would see the rehabilitation of the Prangin canal, conservation of the old Prangin market and upgrading ... Read More
IKEA Batu Kawan – Progress Update (March 2018)
Opening in 2019, IKEA Batu Kawan will become the fourth IKEA store in Malaysia, with two in Klang Valley and another in Johor Bahru, Tebrau. This new store promises to satisfy Penangites’ hunger for affordable home furnishings – and those famous Swedish meatballs! Here is a quick update on IKEA ... Read More
Interest rate hike likely to affect demand in Penang
The property market in Penang is expected to contract by at least 10% this year compared with 5% in 2017 as a result of the overnight policy rate (OPR) been raised by 25 basis points to 3.25%. “You can argue that it is not a lot. If wages increase correspondingly ... Read More
Atta buys land in Penang to undertake mixed development
Atta Global Group Bhd is acquiring property development company Sungguh Gemilang Development Sdn Bhd for RM12 million. In a filing with Bursa Malaysia today, the metal recycler and trader of metal related products said the proposed acquisition is a strategic move in line with its proposed diversification into property development ... Read More
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RECENT COMMENTS
- The pain point for this project 100% is due to 10 level of car park...TruthMe on Muze @ PICC
- @chooiyi Same. Yesterday I went to Q1 for lunch & aircond not working. Quite lousy....AG Zen on Queens Residences Q3
- @chooiyi I went to Q2 for dinner at different restaurants did not encountered any abnormality...millionaire on Queens Residences Q3
- chooiyi : Went to Q2 for dinner last night, not sure whether aircond not...Minion on Queens Residences Q3
- @Jeff Not wrong, but what you can do after the project is completed already? They...Islander on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @Kris Queens Myvi Twins is X50 Cube is X70 ...Jeff on Twin Star
- @Jeff Then Twinstar is Axia manual gear ...Kris on Twin Star
- Went to Q2 for dinner last night, not sure whether aircond not working or not...chooiyi on Queens Residences Q3
- @ms tan You should ask Developer. But sold out very soon for cheaper unit. Depend...Deen Yassin on Queens Residences Q3
- @Islander I don't see any wrong as a buyer we should demand more from developer....Jeff on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
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OTHER DEVELOPMENTS
- Affordable Housing (Penang Island)
- Butterworth Arena
- Columbia Asia Medical Centre
- Eco-Tourism Hub @ Batu Kawan
- Escape Penang – Eco Theme Park
- GBS @ The Waterfront
- GBS by The Sea
- Gurney Wharf
- IKEA Batu Kawan
- Island Medical CIty
- Kobay Jelutong
- Lin Xiang Xiong Art Gallery
- Linear Waterfront
- Mitsui Outlet Park @ PIA
- One Auto Hub @ Batu Kawan
- Penang Arts District
- Penang Eastern Seafront Development
- Penang Medical & Digital Technology Hub
- Penang Premium Outlets (Design Village)
- Penang Sentral
- Penang South Islands
- Penang Transport Master Plan
- Penang Waterfront Convention Centre
- Penang World City
- PIA Expansion
- Silicon Island
- Teluk Bahang Wellness Resort
- The Ship Campus (ALC College)
- The Top @ Komtar
- Wellness City of Dreams