News & Articles

Discovery of Penang’s New Island at Queensbay Mall
In the twinkling of an eye, SP Setia the leading property developer in Malaysia, has once again set to make another success story in the vibrant vicinity of Bertam with its latest edition of Setia Fontaines. Setia Fontaines township is crafted to fulfil various stages of living. Whether you are ... Read More

TNB gets conceptual approval to build pylons on Penang Bridge
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

Budget 2020: Hopes for affordable housing allocation for Penang
Penang Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo hopes a certain percentage from the upcoming Budget 2020 will be allocated for public amenities, particularly affordable housing. He said that one of the state government’s main targets was to achieve 180,000 units of affordable housing in ... Read More

Valencia Residence – A Low-density Modern Home
The advent of the Covid-19 pandemic has forced many to re-think the importance of buying a low-density home with social distancing in mind. Valencia Residence is a low-density modern home built on a higher vantage, gifted with a breathtaking sea view along the southwest coast of Penang Island. The 64-masterpiece ... Read More

The Light City project to start work in early 2020
Property developer IJM Land Bhd plans to start its “Light City Penang”, integrated city development project with a gross development value (GDV) of RM4.5 billion at The Light Waterfront here, by the first quarter of next year (1Q2020). General Manager Tan Hun Beng said the first phase of the development ... Read More

Deadline to appeal assessment rate review will not be extended
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

SITE PROGRESS: Residensi Permatang Pauh (Sep 2019)
About Residensi Permatang Pauh Affordable housing undertaken by Excel Focus Properties Sdn. Bhd. It is strategically located within the established township of Permatang Pauh, only about 500 meters away from Butterworth-Kulim Expressway. Neighboring communities include Taman Naluri, Taman Naluri Ria and Taman Janggus Jaya. Find out more about Residensi Permatang ... Read More

Developers: Foreign buyers won’t affect local property market
The Real Estate and Housing Developers’ Association Malaysia (Rehda) says foreign buyers are attracted to a different category of properties, and that their presence will not have an impact on the property market targeted by locals. Rehda also welcomed Putrajaya’s plan to promote its Home Ownership Campaign (HOC) to foreigners, ... Read More

SITE PROGRESS: Queens Residences (Sep 2019)
About Queens Residences Luxury waterfront development by Ideal Property Group at Bayan Bay with gross development value (GDV) of RM600mil. This development is located in front of BayStar Condominium, just stone’s throw away from Queensbay Mall. Find out more about Queens Residences ... Read More

Penang property market has no significant improvement in early 2019
According to data from National Property Information Centre (NAPIC), Malaysia property market transactions for 1H2019 have rebounded for the first time since the market dipped in 1H 2015, indicating a resilient market outlook. Based on the latest data from NAPIC, property transaction in 1H 2019 has surged 6.9% year-on-year to 160,172 transactions as ... Read More
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- I wonder which government authority is responsible for this condo approval. Why the review taking...666 on Mezzo @ The Light City
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