REHDA: Different housing affordability measures needed
The traditional housing affordability measure of median multiple is too conservative, whereas measures of residual income and housing cost burden are more realistic, Rehda Institute shared on Tuesday during a stakeholders' discussion held at Wisma Rehda in Petaling Jaya for an upcoming report titled Affordable Housing II: Closing the Gap ... Read More
Escalating prices dash homeownership dreams for Malaysian millennials
The aspiration of owning a home, a cornerstone of financial stability and future planning, remains an uphill battle for many Malaysian millennials residing in major cities. The intertwining factors of skyrocketing property prices and an unyielding surge in the cost of living create a formidable barrier, leaving the younger generation, ... Read More
IJM in talks for two foreign hotels in Light City
IJM Perennial Development Sdn Bhd (IJMPD) is currently negotiating for a China and a US-brand name hotels to operate in the RM4.5bil Light City mixed development project in Penang, says general manager Tan Hun Beng, IJMPD is a joint-venture (JV) company between IJM Corp Bhd and Singapore based Perennial Holdings ... Read More
Aspen’s latest mixed development Versa inaugurated on Friday
Aspen Group inaugurated its latest project, called Versa, a two-tower residential development and nine commercial units, in Batu Kawan last Friday. Strategically nestled in the freehold township of Batu Kawan, Versa promises residents unparalleled comfort, convenience, and a gratifying lifestyle. Its effortless access to amenities such as IKEA Batu Kawan, Klippa ... Read More
Penang calls on PLUS to implement Juru-Sungai Dua traffic dispersal project
The Penang government has called on PLUS Malaysia Berhad (PLUS) to implement the Juru-Sungai Dua elevated highway project for the dispersal of the worsening traffic congestion in the area. Chief Minister Chow Kon Yeow said the state government had raised the matter with the Public Private Partnership Unit (UKAS) of ... Read More
GEM Residences key handover expected in the next 6-8 months
The topping-out ceremony for the GEM Residences, a collaborative luxury apartment project between Belleview Group and LTC Group, took place on Thursday. The ceremony marks a significant step towards the expected handover of keys to homeowners within the next 6 to 8 months. Penang Housing Committee chairman Datuk Seri Sundarajoo Somu ... Read More
SITE PROGRESS: Iconic Regency (Jan 2024)
About Iconic Regency A mixed development by Iconic Development Sdn. Bhd. at Sungai Nibong. Strategically located along Jalan Sultan Azlan Shah, next to SK Sungai Nibong. It is only 10 minutes walk to two future LRT Stations – Sungai Nibong & Pesta Stations. Featuring a 42-storey serviced suites with 268 fully furnished ... Read More
Penang water tariffs to double from Feb 1
Water tariff rates for domestic users in Penang will double from Feb 1, chief minister Chow Kon Yeow announced on Wednesday. Accounts that use zero to 20 cubic metres a month will be charged 50 sen per cubic metre, compared with 22 sen now. Meanwhile, those who use 20 to ... Read More
Bayan Lepas LRT Project is set to be finalized soon
Bayan Lepas LRT Project is set to commence later this year, according to Transport Minister Anthony Loke Siew Fook. The announcement was made yesterday during a press conference following the signing of a Memorandum of Understanding (MoU) between the Railway Assets Corporation (RAC) and the Penang State Housing Board (LPNPP) ... Read More
Redevelopment of Kampung Manis: RAC and LPNPP sign MoU for collaborative development
In a significant move toward urban redevelopment, the Railway Assets Corporation (RAC) has officially signed a Memorandum of Understanding (MoU) with the Penang State Housing Board (LPNPP) for the redevelopment of Kampung Manis in Perai through a collaborative effort. The MoU was signed between RAC's Chief Executive Officer, Dato’ Azhar Ahmad, ... Read More
Weekly Newsletter
Latest Projects
TODAY'S MOST READ
RECENT COMMENTS
- @Betul normal people will not question someone passing through or doing something useful ..only camel...Oh nice on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @Betul Let me share your experience here. Don't buy a mix development condo if possible...AG Zen on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @Betul Same issue in Gurney bay too. That's somebody hanging around in park also at...Gurney Bay on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- So you busybody what other people are doing by the roadside but you tell me...Betul on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- So anyone who wants to hang out at the road side or a public area...Betul on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @Oh nice No I am talking about public road for vehicle not waterfont area which...Oh nice on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @Betul I was doing something productive that you don't need to know. Are you one...Oh nice on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @Oh nice The usual spot like this with an open concept will have these people...MajorArches on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- What were you doing there yourself during midnight hours? Do you have a job? Those...Betul on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @Nancy Mine is 2 cp seaview RM650k. Are you interested? I will contact you if...Jes on Affordable Housing @ The Zen
SHOW MORE COMMENTS
Latest Property News
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