Until about a year ago, Penang’s south-west district was known as the locality for affordably-priced properties. Since 2008, Ideal Property Group has developed over 4,000 units with a RM3bil gross development value (GDV) there. These include One World, One Residence and Fiera Vista in Bayan Lepas, priced between RM300,000 and ... Read More

The state government wants to work with property developers to cushion the impact of skyrocketing property prices and the slowdown in the property market. Penang Deputy Chief Minister I Datuk Mohd Rashid Hasnon said as one of the most economically important states, Penang was experiencing growth that had impacted the ... Read More

Visitors to The Star Property Fair 2015, which opens in Penang today, will find the best residential and commercial properties as well as informative talks and exciting activities, all under one roof. Whether you are looking for a dream home or choice investment option, the event held for the first ... Read More

Great news for prospective buyers, especially young couples looking to own their first dream home. The Starhill Garden Condominium, located along Jalan Baru in Prai, Penang, is offering an unbeatable preview price of below RM300 per sq ft for a limited time. The promotion is truly not to be missed ... Read More

The state government, through its Penang Bumiputera Housing Trust Accounts, will allocate RM52.9mil to build 320 low medium-cost (LMC) homes for bumiputra buyers. Chief Minister Lim Guan Eng said the LMC homes were part of the 2,093 units of a public and affordable housing scheme called ‘The Rise’ in Jalan ... Read More

Escalating prices of landed residential properties in Penang could see transactions slowing down in 2015. According to Real Estate and Housing Developers Association Penang (Rehda) chairman Datuk Jerry Chan, prices of landed residential properties have been rising over the past few years. “We don’t see highly motivated sellers yet. Land ... Read More

George Town will have an additional 2,093 units of apartments priced up to RM400,000 in four years now that work to build "The Rise", Penang’s affordable housing scheme on Jalan SP Chelliah, has started. Chief Minister Lim Guan Eng said the project, with a gross development value of RM600 million, ... Read More

House prices have dropped after measures were put in place to check rising property prices due to speculation, says Datuk Chua Tee Yong. The Deputy Finance Minister said data from the National Property Information Centre (NAPIC) showed that there was a drop in house prices with the market slowing down ... Read More

The property sector is expected to be flat this year, bogged down by buyers' 'wait-and-see' attitude towards the implementation of the Goods and Services Tax against a backdrop of a weakening ringgit. President of Malaysia Institute of Estate Agents, Siva Shanker, said this showed that the cooling measures imposed by ... Read More

IF you are looking for a comfortable luxury residential condominium in the heart of George Town, Mah Sing’s the Icon Residence fits the bill. Situated just 1km away from Komtar, the project features 294 units with breathtaking views of the heritage city and the sea. The Icon Residence also boasts ... Read More