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Property News

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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 ... Read More
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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 ... Read More
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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 ... Read More
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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 ... Read More
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Penang Mainland is the next investment hub. Here’s why

* Article by Freemen * Following news reports on the decrease of transaction volume in the property market, many experts have been citing drops of it not only in Kuala Lumpur, but Penang as well. Penang is a state by ... Read More
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Rehda: Insufficient data behind supply-demand housing mismatch

Lack of information is the reason for the current residential property overhang in Malaysia, the Real Estate and Housing Developers Association (Rehda) said today. Its deputy president Datuk Soam Heng Choon said lack of data causes developers to build in ... Read More
Ecoworld Gallery at Batu Kawan

Developers still upbeat about market

Six developers will launch more than RM6.29bil worth of properties in the country this year amid a backdrop of property glut and rising bank interest rates. Ideal Property Sdn Bhd will launch properties with a total gross development value (GDV) ... Read More
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Sunway Carnival Mall Expansion & Refurbishment

Situated in 12 acres land in the heart of thriving Seberang Jaya township, Sunway Carnival mall has established itself as a major suburban shopping mall since opening in 2007. The expansion will be implemented in phases with Phase 1 to ... Read More
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Upgrading of stretch eases travelling between Teluk Kumbar and Bayan Lepas

The upgrading of the federal road from Teluk Kumbar to Penang International Airport in Bayan Lepas has been completed, making commuting between the two areas faster and more convenient. The RM207.7mil project included the upgrading of two overhead bridges, a ... Read More
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Malaysia’s property market to remain weak

The Malaysian property market is expected to remain weak in the first half of this year amid flagging demand ahead of the upcoming general election, an independent property consultant said. Knight Frank Malaysia, a unit of London-based Knight Frank LLP, ... Read More