Housing prices in Penang are set to drop by at least 10% with the implementation of the Sales and Service Tax (SST). Real Estate and Housing Develo­pers’ Association Penang (Rehda) hopes to bring down the overall housing prices by 10% for those costing above RM300,000 and 6% for affordable housing ... Read More

The Federation of Malaysian Manufacturers (FMM) Penang has supported the implementation of the Pan-Island Link 1 (PIL 1) Highway and Penang South Reclamation (PSR) based on the Penang Transport Master Plan (PTMP). The PIL 1 Highway is a 19.5km, dual three-lane highway running from Gurney Drive to Penang International Airport ... Read More

The Federal Government expects a more positive response from housing industry players following its decision to exempt construction services and certain building materials from the Sales and Services Tax (SST). Finance Minister Lim Guan Eng expressed hope of seeing at least some changes in housing prices as the government was ... Read More

Aspen Vision City Sdn Bhd and TM One, the business arm of Telekom Malaysia Bhd (TM), held a signing ceremony to commemorate an award issued to TM for the deployment and provision of extra-low voltage (ELV) service for the first phase of Aspen Vision City-Vervea, the largest gated-and- guarded commercial ... Read More

It might not be the best mode of transport, he added, saying that there should be other options available. “While the federal government fully supports the state’s proposal, there should be options for the state to choose from. “Our studies by the Land Public Transport Commission (SPAD) show that there ... Read More

Atta Global Group Bhd is continuing its acquisition trail with the proposed purchase of an 80% stake in property development firm Sunrise Manner Sdn Bhd for RM20 million cash. The group told Bursa Malaysia, it had on Sept 4 entered into a subscription agreement with Sunrise Manner Sdn Bhd, Tang ... Read More

Land reclamation is big business in Malaysia. Money is made from selling plots of newly created land from the sea to developers. Several states in the peninsula have introduced large-scale reclamation initiatives, many strategically placed in prime locations. The latest large-scale project is in Penang that will see the reclamation ... Read More

In collaboration with GM Training Academy, our annual Penang Property Convention is coming back this year on 29 September 2018. Come and join us for this informative property investment event. Whether you are seasoned property investor or first time home buyer, this event will give you a real insight into Penang property market and learn about ... Read More

Penang today laid out its plan to become a family-focused, “green and smart” state in the next 12 years as part of efforts to improve living standards and general levels of happiness for its two million-odd people by 2030. Chief Minister Chow Kon Yeow said the “Penang 2030” plan would ... Read More

Pan Island Link 1 (also known as PIL1) is currently one of the most debated infrastructure projects in Penang. The proposed dual three–lane highway will be connecting Second Bridge and the Penang International Airport all the way towards George Town, Paya Terubong, Bayan Baru, and Relau. It is expected to reduce travelling time from ... Read More