The Penang government has extended by six months the validity period of the award letter for SRS Consortium, the project delivery partner (PDP), of the Penang Transport Master Plan (PTMP) project. The award letter was to expire by the end of this month but will now be valid until June ... Read More

Developers in the state can now choose to settle 60% of contribution charges using corporate guarantees. Real Estate & Housing Developers Association (Rehda, Penang) chairman Datuk Toh Chin Leong said previously 60% of the contribution in the form of development and infrastructure charges had to be settled using bank guarantees, ... Read More

More than 60% of potential 1Malaysia Housing Programme or PR1MA homebuyers had to give up their booked units due to problems with end-financing. Hence, Perbadanan PR1MA Malaysia has come up with a special end-financing scheme to help increase PR1MA homebuyers’ chances of getting home loans. The new scheme called the ... Read More

The Penang state government said today it will absorb RM55.19 million in assessment rates for all property owners and Goods and Services Tax (GST) for all its services in the state this year. While launching an awareness drive on the assessment rate exemption at Penang Island City Council (MBPP), Penang ... Read More

Our Chinese New Year is coming to an end this Saturday and let’s make a good finale to the festive with a great Chap Goh Meh celebration on the 15th day of Chinese New Year at both Eco Terraces and Eco Meadows with lots of excitement like complimentary F&B Stalls, ... Read More

The first phase of the Penang Sentral transportation hub is expected to be completed this year, almost a decade after the ground-breaking ceremony by then prime minister Tun Abdullah Ahmad Badawi. Planner Goh Choon Aik, who was appointed by the Malaysian Resources Corporation Berhad (MRCB), the developer for the project, ... Read More

Hua Yang Berhad has charted a successful expansion into the Penang property market via the positive reception of its first development in the State. Meritus Residensi, which was introduced in November 2016, recorded a good take up rate of 34%. The project, which was officially launched on 31st January 2017 ... Read More

Property and construction-based PLB Engineer-ing Bhd is planning to start a RM2.6bil affordable housing project in Paya Terubong in mid-2017 on a 113-acre site. Group executive chairman Datuk Seri Ong Choo Hoon told StarBiz at an AGM recently that the project would comprise 7,658 affordable units priced between RM300,000 and ... Read More

Wishing you a Happy and Prosperous Chinese New Year! Numerous open house by developers and property events during this Chinese New Year. Here's a list for you to spend your holiday to the fullest, enjoying the refreshments while searching for your dream home. EcoWorld - Happy Chinese New Year 2017 ... Read More

With the preference for landed homes among homebuyers in Penang, the landed residential property segment in the state is expected to remain firm, according to CBRE|WTW Penang. "As of 3Q2016, the existing supply of landed homes in Penang stood at 150,307 units, of which 75% were on the mainland. New ... Read More