The move to lower the threshold for foreigners to buy condominiums and apartments in urban areas from RM1mil to RM600,000 is only applicable to existing unsold units, says Finance Minister Lim Guan Eng. He said the measure announced in the 2020 Budget, effective from Jan 1 to Dec 31 next ... Read More

Some buyers of affordable homes along Jalan S.P. Chelliah here are most unhappy with the state of their new properties. According to a report by The Star today, the owners of the new homes were confronted with “bust water pipes, unpainted bedroom doors, windows that cannot opened fully and water ... Read More

The Penang government has given conceptual approval to Tenaga Nasional Berhad (TNB) on its plan to build pylons next to Penang Bridge. Chief Minister Chow Kon Yeow said the plan was to cater to the power supply demands of the state. “We are currently discussing with TNB after giving the conceptual ... Read More

The Penang government will not extend the deadline for ratepayers to submit their appeals or objections against reviews of their property assessment rates, said state exco Jagdeep Singh Deo. The local government, housing and town and country planning committee chairman said ratepayers must submit their objections and appeals by October ... Read More

Penang property owners have to be prepared to pay higher assessment rates next year as the state’s two local councils review the rates to counter increased expenditures. All property owners will receive the notices on the increase this month, and they have up to October 14 to send in appeals ... Read More

The Transport Ministry has approved Penang's Bayan Lepas light rail transit (LRT) project, says Anthony Loke. In a statement Tuesday (July 17) the Transport Minister said approval was given after detailed study of the Penang Economic Planning Unit's (BPEN) application to develop the Bayan Lepas LRT project. However, the state ... Read More

By Dr. Paul Selva Raj The Ministry of Housing and Local Government has announced that backlisted National Higher Education Fund Corporation (PTPTN) borrowers who are listed on the Central Credit Reference Information System (CCRIS) will not be blacklisted if they apply to buy a home. Is this measure good for ... Read More

The Penang South Reclamation (PSR) scheme near Teluk Kumbar has been given the thumbs-up by the Environment Department (DoE), says Chow Kon Yeow. The Penang Chief Minister confirmed that the state government had received an approval letter via fax from the DoE on Thursday (July 4) over its application to ... Read More

The Penang state government has yet to receive any formal approval for the Penang South Reclamation (PSR). In a statement today, Penang chief minister Chow Kon Yeow refuted a media report titled “Penang gets nod to develop islands” and said that the state government has been working with various parties ... Read More

Mega projects planned for the state, such as the RM46 billion Penang Transport Master Plan (PTMP) and Penang South Reclamation (PSR), may be modified, scaled down or even reviewed depending on the situation and change in circumstances. Chief Minister Chow Kon Yeow, however, insisted that both projects would not be ... Read More