News & Articles


Normal for investments to drop after 2-year spike

The recent sharp drop in investments flowing into Penang compared to the years before has been expected as part of a “consolidation” trend, a state investment promotion agency said. InvestPenang said after two years of high investments pouring in, including 2019’s historic RM16.9 billion and 2020’s RM14.1 billion, this year’s ... Read More
market recovery

Main stumbling block for Malaysians hoping to buy house

The failure to secure loans and difficulty in managing monthly cash flow have proven to be the main stumbling block in many Malaysians’ ability to own property. Factors such as quality, size and location of the property also determine the take-up rate, according to experts. Citing a Bank Negara Malaysia ... Read More

Everything about certified real estate negotiators & agents (Part 2 of 2) – Benefits and commission rate

By Anders Ong Types of Agency Appointment We Can Arrange with Real Estate Agents Exclusive Agents: Appointment of one real estate agency to market and sell the property exclusively. No other agency can solicit from the owner to sell, only can direct co-agency to the appointed agency. Landlord/Vendor can’t sell/rent ... Read More

Penang to get a new international-grade racing circuit soon

Those with a love for automotive velocity may soon get their dose of it because Penang has earmarked a spot for a motorsport racing circuit in Batu Kawan next to the State Stadium complex. Penang youth and sports committee chairman Soon Lip Chee said a 2.8ha plot had been identified to ... Read More

Penang Home Ownership Campaign extended until June 2022

The Penang government yesterday announced that the Penang Home Ownership Campaign (HOC) will be extended for another year until June 2022. State Housing, Local Government and Town and Country Planning Committee chairman, Jagdeep Singh Deo said the HOC had ended on June 9 this year. "During the HOC, the ceiling price ... Read More

State govt to build its own affordable housing project in Bayan Baru

The Penang state housing board will be building its first affordable housing project in Bayan Baru which is scheduled for completion in 2025. Housing, local government and town and country planning committee chairman Jagdeep Singh Deo said a total 1,267 affordable units will be built at the site in Bukit ... Read More

Why PSR is important to Penang

Without the controversial Penang South Reclamation (PSR) project, the fishing community in the southern tip of the island will remain as they are. Contrary to a recent statement, Chief Minister Chow Kon Yeow said the project would in fact improve the socio-economic situation of the fishermen. Chow reiterated that through ... Read More

Affected M40, T20 groups eligible to apply for financing repayment aid

Individual customers and businesses whose income has been affected, including from the middle 40% (M40) and top 20% (T20) income groups, are eligible to apply for financing repayment assistance, said the Association of Islamic Banking and Financial Institutions Malaysia (AIBIM). AIBIM president Datuk Adissadikin Ali said the qualification is in ... Read More

SITE PROGRESS: Orange BM (June 2021)

About Orange BM A commercial development by by Tah Wah Group at Bukit Mertajam. It is strategically located along Jalan Song Ban Kheng, adjacent to Taman Bukit Kecil. This development features a 28-storey commercial tower with 216 units of business suites. The project is now completed with CCC obtained! (Photos ... Read More

Lockdown extended by two weeks, to June 28

The nationwide lockdown will be extended for another two weeks from June 15-28, Senior Minister Datuk Seri Ismail Sabri Yaakob announced. He said the Health Ministry had presented its report and proposed to the National Security Council (NSC) chaired by the Prime Minister for the lockdown to be extended. He ... Read More