Despite talk that the condo market on Penang island may experience slowing demand due to new supply and unsold units of previous launches, we highlight five developments that seem to prove otherwise. RECENTLY the vivacious director of a public-listed company remarked that almost everyone she meets on the social circuit ... Read More

GEORGE TOWN: The Penang Government has proposed to raise the cap for foreign purchases on all properties in the state. Chief Minister Lim Guan Eng said the current limit of RM500,000 would be raised to RM1mil, except for landed properties on the island that would be raised to RM2mil. He ... Read More

PETALING JAYA: Overall price appreciation for residential properties is expected to range between 5% and 10% this year, according to CIMB Research. In a report, the research unit said residential properties’ price appreciation could be even higher but it believed that the Government would continue to remain vigilant on “runaway” ... Read More

PEARL City integrated township in Simpang Ampat, Nibong Tebal, is another landmark in mainland Penang that is gearing up for more growth. This complements the opening of the Second Penang Bridge and the Ipoh-Padang Besar electrified double track project. The mixed residential and commercial township on a 445ha project site ... Read More

INCREASING the floor price of residential property for foreign buyers from RM500,000 to RM1mil will be a positive development for the housing market, according to analysts and consultants. Many quarters are in favour of the move to raise the floor price as it would protect the housing market for the ... Read More

GEORGE TOWN: The Penang Transport Master Plan is up for viewing at various places in the state from Monday until the end of the month. State Local Government and Traffic Management Committee chairman Chow Kon Yeow urged the people to give their feedback via a questionnaire during the public display. “From April ... Read More

THE Penang Government is willing to offer assessment and inspection services of low- cost and low medium-cost flats in the state which might have been affected by the earthquake in Sumatera. Penang Chief Minister Lim Guan Eng said the services would be provided by the local councils and bomba. “Even though ... Read More

POLICE have set up a task-force to zero-in on in-house contractors who are muscling for renovation jobs at newly completed apartments and condominiums using their links to triads in Penang. An initial police probe found that many of them, who charged exorbitant prices for materials and workmanship, were protected by ... Read More

Land owners here have been urged not to hastily sell off their plots for quick profits as this move could disrupt the physical environment of the area. Pulau Betong assemblyman Muhammad Farid Saad said some land owners had received letters from a real estate agency asking them whether they have ... Read More

GEORGE TOWN: If public transportation system is improved, there would be no need for a third link between Penang island and the mainland, says Halcrow Consultants director Dave Turner. Turner, a transportation planning expert involved in the Penang Tran-sport Master Plan Study, said the third link depended on whether Penangites ... Read More