The Eco World Development Group Berhad (EcoWorld) continues to strengthen its presence in Penang with the opening of its sales gallery in Jalan Paya Terubong — the second one in the state. Visitors were clearly impressed with its show units that maximise the impression of space and glamour. Soon after ... Read More

by Charles Tan When we look at the Penang’s market, we can see the real demand versus supply in real action. The reason I say so is because despite the property transactions declining, the prices of landed properties, especially within the island and especially only in that few hotspots continue ... Read More

One Foresta, the first i-Condo affordable housing by Ideal Property Group in Bayan Lepas, Penang. It is strategically located along Lengkok Kelicap, only a few minutes away from Penang Internation Airport, It is just a stone's throw away from Setia Pearl Island housing scheme. The residential component comprises 4 blocks of ... Read More

The secondary property market in the country has good potential as the prices of the houses could be 30-40 per cent lower than the new ones, said the Malaysia Institute of Estate Agents (MIEA). Its president, Siva Shanker, said many people were unaware of the hidden ‘gems’ in the secondary ... Read More

Over a million residents here will be affected if the goods and services tax (GST) is imposed on management fees for apartments and condominiums, said Penang Chief Minister Lim Guan Eng. He said all management and maintenance fees for buildings with strata titles, including low- and low-medium cost flats, will ... Read More

Generally people buy a residential home to live in before moving onto property investments, so for someone who is looking to buy a residential home to live in, what are the options out there? When deciding to buy a house you’ll have to make a decision early on, and that ... Read More

Housebuyers here need to be more cautious not to fall victim to a syndicate which is going around securing payments for units at an affordable housing project developed by the state. Penang Town, Country and Housing Committee chairman Jagdeep Singh Deo said there were claims that the syndicate was promising ... Read More

RESIDENTS of Kg Chetty in Batu Ferringhi, Penang, have been given a flat each to make way for a housing project. The developer of the 30-acre village has agreed to allocate each of the 350 householders a low medium-cost (LMC) unit according to the state government’s “one-to-one” housing policy. State ... Read More

PETALING JAYA: Nadayu Properties Bhd, which has just completed its privatisation exercise, aims to launch five projects with a combined gross development value (GDV) of RM1.5bil this year. Executive chairman Hamidon Abdullah said the company had lined up four projects in the Klang Valley and one in Penang to be ... Read More

RESIDENTS of the One World and One Sky condominium blocks in Bayan Baru, Penang, are disputing the annual property value (APV) fixed for their units by the Penang Municipal Council (MPPP). One World chairman Brandon Oon, representing the owners of all 538 units of both blocks, said the APV of ... Read More