Westlite Juru, another proposed workers village in mainland Penang, also undertaken by Westlite Dormitory (Juru) Sdn Bhd. The proposed housing is well located along the major thoroughfare of Jalan Juru in the Central District of Wellesley. It provides easy access to the Penang Bridge as well as established industrial parks ... Read More

Building dreams, a ground-breaking transformation next to the millionaire’s enclave of Seri Tanjung Pinang. Commanding some of the most impressive waterfront and promenade views of Gurney Drive. City of Dreams offers the pinnacle of luxurious living with an exclusive location providing the finest living experience with convenient access to nearby ... Read More

Queens Waterfront, a waterfront development by Ideal Property Group, with a total gross development value (GDV) of RM2.15 billion. This development sits on 36.53 acres, of which 24.79 acres are reclaimed land. It will comprise an 11.74-acre residential component known as Queens Residences, a 6.1-acre marina, a waterfront promenade known as Queens Waterfront ... Read More

The number of foreigners buying Penang properties have traditionally been below 10 per cent, state executive councillor Jagdeep Singh Deo said today. The housing development committee chairman sought to allay concern that non-Malaysians were gobbling up properties, saying it was a perception that was untrue. “It has always been less ... Read More

The Penang state government should implement clear-cut housing policies that suit the overall property market conditions, real estate agent Michael Geh said today. The chartered surveyor said the state must consider the effects of the policies implemented on both the primary and secondary markets. “I hope the state will implement ... Read More

Despite market softening, the secondary housing market still offers the best value in terms of price and value. Malaysian Institute of Estate Agents (MIEA) past president and chief trainer K. Soma Sundram said the secondary market would continue to move the real estate business this year. “Many don’t realise this ... Read More

It has been a quiet year for the Penang housing market in 2016. The cooling measures and tighter credit environment have continued to negatively influence the local market. While many are hoping to see a recovery soon, recent disappointing economic performance has further dampened market sentiment. Buyers are adopting a ... Read More

GM Training Academy are collaborating with MIEA Penang to organize training for real estate agents. The trainers (Richard Oon, Chris Tan, Elane Goh and Miichael Yeoh) are well known in their respective field with an average of 15 years experience. Currently this is waiting for the Board of Valuer to approve ... Read More

The Local Plans (LP) for districts on Penang Island and Seberang Prai are expected to be finalised and gazetted by 2017 according to Penang Housing, Town and Country Planning Committee chairman Jagdeep Singh (pix). He said the only outstanding Special Area Plan (SAP) left was the Botanical Gardens SAP which ... Read More

Property developers are expected to register another year of slow performance in 2017 amid a lack of catalysts for the segment, as cooling measures introduced by the central bank to rein in speculation continue to be the main hurdle for property companies. Kenanga Investment Bank Bhd analyst Sarah Lim said ... Read More