The Real Property Gains Tax (RPGT) valuation on property would only be calculated from the year 2000 onwards, says Finance Minister Lim Guan Eng. He said that this is done to give clarity on the issue following feedback from concerned property owners who have bought and owned land extending decades ... Read More

Aspen Group and IKEA Southeast Asia, the joint venture partners for Aspen Vision City has yesterday signed a Memorandum of Understanding (MoU) with Marriott International, appointing Aloft Hotel as the hotel operator in the world class master planned development- Aspen Vision City in Batu Kawan, Penang. The announcement was made during ... Read More

Be the first to discover the new 1,675 acres mega township by S P Setia – Setia Fontaines at Ng Yam Huat Hall, Bukit Mertajam. Save the date and join with us at Ng Yam Huat Hall, Bukit Mertajam on 24 November 2018. Event Date: 24 Nov 2018 (Sat) Time: 10.00am – ... Read More

The state government is planning a new mechanism to prevent low-cost (LC) and low medium-cost (LMC) unit owners from profiting from the sales of units. Under the new guidelines, LC and LMC unit owners will have to sell their units to the government at a mutually acceptable price. State Housing, ... Read More

The Penang government plans to call for a Request for Proposal (RFP) to offer water taxi services in the state after failing to receive any response on the idea. Penang Chief Minister Chow Kon Yeow said the water taxi services would open more routes and more effective transportation networks by ... Read More

The Penang government is looking at introducing a new affordable housing category where the units will remain government properties under a leasehold plan that will allow low-income earners to own homes and upgrade to larger units in the future. State executive councillor Jagdeep Singh Deo (DAP-Dato Keramat) said under the scheme, the ... Read More

Premier lifestyle property developer Eastern & Oriental Berhad (E&O) unveiled the first winner of its Luxury Living Campaign at a prize presentation held at the Straits Quay Retail Marina in Penang. The campaign launched in July 2018 offers homebuyers exclusive packages for selected E&O landmark properties in Penang, Iskandar Malaysia ... Read More

A developer is planning to build a theme park on the southern part of Jerejak Island, the state legislative assembly heard today. Penang Chief Minister Chow Kon Yeow (PH - Padang Kota) said the developer submitted a development master plan for the island two years ago, adding that this had ... Read More

The long wait will soon be over and commuters will finally get to use the new transport hub in Penang Sentral, Butterworth. The transport hub on the mainland, which can take 3,000 to 4,000 passengers a day, will finally open its door to the public on Nov 22 after an ... Read More

A national research institute director says the peer-to-peer (P2P) financing scheme for housing announced in Budget 2019 benefits investors more than home owners, and has urged the government to review the scheme thoroughly. “P2P finance is an investment scheme, there’s nothing to say that it’s an ownership scheme. “With the ... Read More