Property News


Penang hopes to expedite mega projects

Penang Chief Minister Chow Kon Yeow wants a better rapport to be established soonest with the federal authorities in view of the many mega projects that the state hopes to undertake. For starters, the state would soon meet the Public ... Read More

Newly-appointed Housing Minister pledges balanced housing opportunities

Newly-appointed Housing and Local Government Minister Zuraida Kamaruddin pledged to deliver substantive improvements and ideas through the ministry. The Ampang member of parliament said it would be an opportunity for her to delve into policies and implementations under the jurisdiction ... Read More

HBA urges government to implement ‘build-then-sell’ system

The National House Buyers Association (HBA) has urged the federal government to address the issue of abandoned housing projects in its plans for the housing sector in Malaysia. Speaking to FMT, HBA secretary-general Chang Kim Loong said the best way ... Read More

The New Penang

On the night of 9 May 2018, a new Malaysia was born. Automatically, one very critical thought transpired in my mind. The property market in Penang will most likely have its reformation and almost guaranteed to have a facelift. For ... Read More

To those playing the waiting game in the property market: this is for you.

* Article by Freemen * The property market hit a low point last year where prices were dropping and transaction volume was low. While transaction volume fell, the value of the property did not; thus contributing to a market slowdown ... Read More
An artist’s impression showing where the tunnel project will start on the island.

Undersea tunnel may be toll-free

Funding options for pending mega projects here may see a change now that Pakatan Harapan is the Federal Government. There is even a possibility that the proposed Penang Undersea Tunnel will be made toll-free to mirror the pre-election promise of ... Read More

There is GOOD NEWS for the Penang Property Market This Year!

* Article by Freemen * Penang has been having pretty good growth in a market that was supposedly facing a decline last year. Bad news is, they were still affected by the market slowdown last year and has yet to ... Read More

REHDA vs BNM on affordable housing

We came across these two interesting articles from Rehda and BNM, debating the situation of affordable housing in Malaysia. Read on to find out the story from both sides. REHDA: Overbuilding of affordable housing ‘quite severe’ The overbuilding of affordable ... Read More

IKEA Batu Kawan – Progress Update (May 2018)

Check out the latest exclusive aerial video of IKEA Batu Kawan site to see just how much progress has been made. The construction is on track for opening in early next year. The upcoming IKEA store in Batu Kawan, Penang, ... Read More
JPPH) National Property Information Center (Napic) director Md Badrul Hisham Awang.

Property market to stabilize as economy improves

The overall property market is expected to stabilise this year, underpinned by the improving Malaysian economy that had recorded 5.9% GDP growth last year, said Valuation and Property Services Department’s (JPPH) National Property Information Center (Napic) director Md Badrul Hisham ... Read More