Young Malaysian graduates rushing to buy homes out of fear
Fresh graduates feel compelled to buy property quickly because they fear prices will soon outpace the growth of their income, said Khazanah Research Institute director of research Dr Suraya Ismail. “Young people used to rent for 10 years before deciding to buy a home. However, graduates today rush to buy ... Read More
Hurry up and apply for affordable housing
Eligible Penangites should start applying for affordable housing because developers may not carry out more of such projects. State Housing Committee chairman Jagdeep Singh Deo said the profit margin of affordable housing projects was only about 20% and it was not considered lucrative for developers. “We are grateful to Penang ... Read More
Penang property market to be resilient on sustained demand
Penang’s property market is expected to stay resilient on the back of sustained demand, especially from Penangites working abroad planning to return and prospective retirees eyeing homes in the state. “There has been a slowdown in the last year. There are a few categories of investors in Penang; those who ... Read More
First Time Home Buyers 101
Buying your first home is never an easy decision. Not only it is most people’s biggest financial commitment, it can also be time-consuming and frustrating. One of the most common question asked by first time home buyer is when will be the best time to buy a property in Penang ... Read More
Joint workshop to discuss state housing policy
The Penang government and Bank Negara will hold a workshop early next month to discuss the state housing policy following a fruitful meeting between the two parties. State Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said that during the meeting recently, Bank Negara had shared the criteria ... Read More
Ivory’s WorldCity reclamation works may begin in 2Q16
After a delay of almost four years, land reclamation works on the RM10 billion Penang WorldCity mixed development in Bayan Mutiara, Penang may finally be moving forward. The joint venture (JV) between Ivory Properties Group Bhd and Tropicana Corp Bhd plans to call for tenders for the reclamation works at ... Read More
Penang Chinese Chamber Says Willing To Build RM150,000 Affordable Houses
The Penang Chinese Chamber of Commerce (PCCC) says it is willing to build the proposed new category of affordable housing units if the state government gives sufficient incentives. Datuk Finn Choong Khuat Seng, convenor of the chamber's Property Development Construction and Management Committee (PDCMC), said the committee lauds the recent ... Read More
Penang govt urged to drop low-cost home requirement
The Real Estate and Housing Developers’ Association (Rehda) has urged Penang state government to do away with requirement for developers to build low-cost housing. The chairman of its Penang branch Datuk Jerry Chan argued that the state should instead focus on “rent-to-own” scheme to help lower-income home owners. “There are ... Read More
20 Most Active Projects in Penang (October 2015)
If you ever wonder how well are the affordable housings doing in Penang, take a few minutes going through the chart below. These are the top 20 most active projects in Penang, based on the total number of project page views we have received in October 2015. With the introduction of new measures ... Read More
Rising, falling, rising? Market observations for the first half of 2015
PENANG RESIDENTIAL PROPERTY MARKET In Penang, the residential property market contracted by almost half since the hitting its peak in 2011. The market recorded a total of 9,667 transactions in 4Q2011, its highest in four years, before seeing a drastic drop of about 48.47% in 1Q2012, to just 4,981 transactions ... Read More
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- Hi.... just joined. I also did purchase a unit of Arica type B, I got...CH Lim on Arica @ Andaman
- @Ashraf I like this list lol... no idea what people are thinking when buying these...Krie on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @Kim Yup, developer estimated and committed completion only take 3 years. By far the best...Robert on The Cube
- @Victor President 480k. This is consider cheaper unit already. Fully seaview & upgraded unit with...Jes on Affordable Housing @ The Zen
- Jes : @Nancy Mine is 2 cp seaview RM650k. Are you interested? I will...Victor President on Affordable Housing @ The Zen
- @Betul normal people will not question someone passing through or doing something useful ..only camel...Oh nice on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @Betul Let me share your experience here. Don't buy a mix development condo if possible...AG Zen on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @Betul Same issue in Gurney bay too. That's somebody hanging around in park also at...Gurney Bay on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- So you busybody what other people are doing by the roadside but you tell me...Betul on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- So anyone who wants to hang out at the road side or a public area...Betul on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
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- Affordable Housing (Penang Island)
- Butterworth Arena
- Columbia Asia Medical Centre
- Eco-Tourism Hub @ Batu Kawan
- Escape Penang – Eco Theme Park
- GBS @ The Waterfront
- GBS by The Sea
- Gurney Wharf
- IKEA Batu Kawan
- Island Medical CIty
- Kobay Jelutong
- Lin Xiang Xiong Art Gallery
- Linear Waterfront
- Mitsui Outlet Park @ PIA
- One Auto Hub @ Batu Kawan
- Penang Arts District
- Penang Eastern Seafront Development
- Penang Medical & Digital Technology Hub
- Penang Premium Outlets (Design Village)
- Penang Sentral
- Penang South Islands
- Penang Transport Master Plan
- Penang Waterfront Convention Centre
- Penang World City
- PIA Expansion
- Silicon Island
- Teluk Bahang Wellness Resort
- The Ship Campus (ALC College)
- The Top @ Komtar
- Wellness City of Dreams