Majilis Perbandaran Pulau Pinang (MBPP) has allowed the developer of buildings at Pulau Jerejak to demolish the buildings, paving the way for redevelopment of the island, reported The Star. The developer Tropical Island Sdn Bhd has been given planning permission with conditions – namely to not encroach on the island’s forest reserve – ... Read More

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 of the ministry. “A balanced housing opportunities in urban areas ... Read More

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

by Miichael Yeoh The recent announcement by Bank Negara Malaysia (BNM) sees the increase of Overnight Policy Rate (OPR) by 25 basis points from 3.00% to 3.25%. “With the economy firmly on a steady growth path, BNM said the Monetary Policy Committee (MPC) decided to normalise the degree of monetary ... Read More

Penang is top on the national list with approved investments worth RM7.71 billion in the manufacturing sector for 1H17, said Knight Frank Malaysia in its “Real estate highlights for 2nd half of 2017” report launched today. “This accounts for 45% of the total RM17.02 billion investments approved nationwide and which ... Read More

Penang has received approvals for two technical reports for the proposed Penang South Reclamation (PSR) project, which will involve building three islands. State Local Goverment Committee chairman Chow Kon Yeow said the Marine Department approved the Marine Risk Analysis report last Thursday. He said the report was related to safety ... Read More

The applications for the First House Deposit Financing Scheme or MyDeposit for next year will be opened from tomorrow (Dec 15) until Feb 15, 2018. Deputy Urban Wellbeing, Housing and Local Government Minister Datuk Halimah Mohamed Sadique said the public could register online at https://sprn.kpkt.gov.my. "At the tabling of the 2018 ... Read More

A total of 100 M Vista apartments have been taken up at a preview held at a show gallery in Batu Maung, Penang. “This overwhelming response indicates a strong demand for affordable property. “M Vista comprises 237 apartments located in Batu Maung. “The units are priced from RM345,800,” said Mah ... Read More

So it’s true — Klang Valley folks are less happy living in the city compared with those living in Penang and Johor Bahru. That is according to TheEdgeProperty.com-Lafarge Happiness in the City Index 2017 survey. The survey showed that as many as 49% of respondents in the Klang Valley found ... Read More

Penang government yesterday announced that a sum of RM17 billion from an estimated total cost of RM46 billion for the Penang Transport Master Plan (PTMP) project has been approved. State Local Government, Traffic Management and Flood Mitigation Committee chairman Chow Kon Yeow said the RM17 billion cost included the Bayan Lepas ... Read More