The majority of youths in Penang have no choice but to rent due to high property prices. Most (73.2%) are staying in a property owned by a family member or a relative and many (93.7%) are hoping to own a house within the next five years. These are some of ... Read More

Eco World Development Group Bhd is targeting to launch the first phase of landed terraced homes at its Eco Horizon and Eco Sun complementary township developments in Batu Kawan, Penang sometime in 2H2017, Eco World Penang general manager Khoo Teck Chong told TheEdgeProperty.com. The 300-acre Eco Horizon and 74.5-acre Eco ... Read More

Covering 245 acres of freehold land in Bandar Cassia, Batu Kawan, Aspen Vision City is the collaboration between Aspen Group and Ikano Pte Ltd, owner of popular furniture franchise IKEA. Among the key highlights of Aspen Vision City is the development of an integrated shopping centre and the Northern Region's ... Read More

The upgrade of the federal road FT006, from Teluk Kumbar to the Penang International Airport (LTAPP), near here, which costs RM390 million, is expected to be completed this December. Penang Umno liaison committee chairman Datuk Seri Zainal Abidin Osman said the road would be made fully open to road-users early ... Read More

The 44.3-acre Utropolis Batu Kawan development, with an approximate Gross Development Value (GDV) of RM1.8 billion, comprises well-integrated residential, commercial, retail and hotel components, anchored by a new flagship campus for KDU Penang University College, owned and operated by Paramount Education. The 10.5-acre campus will be the biggest purpose-built campus ... Read More

2017 is the year of opportunities, growth, transformation and empowerment. The buzz is everywhere! With Malaysia leading the world's first digital trade zone, far-sighted business owners, start-up teams, aspiring entrepreneurs and skilled professionals must embrace the 'NEW' pillars of success be it for online or offline related businesses. This year, ... Read More

We have found yet another job posting by IKEA Southeast Asia for their first IKEA store in Penang. From the latest job posting, it seems IKEA is now targeting to open their new store in Penang by 1st quarter of 2019. The company is now looking for a Deputy Store Manager, ... Read More

More than half of Malaysians surveyed want to own a home within the next six months, according to the Real Estate and Housing Developers’ Association Malaysia (Rehda). However, stringent lending rules continue to be a major deterrent, association president Datuk Seri F D Iskandar said. In a poll of 1,655 ... Read More

The excess in supply of residential properties is expected to clear in three to four years, paving the way for a recovery in the property market, says housing industry experts. The new National Information Property Centre (Napic) 2016 report shows that the incoming supply of residential properties has inflated to ... Read More

Property developers have warned that home prices may rise following the government’s recent move to slap a safeguard duty on the import of certain steel products for three years. If the safeguard duty leads to a rise in steel prices, Real Estate and Property Developers’ Association (Rehda) president Datuk Seri ... Read More