Transport Minister Anthony Loke dismissed claims that the government is planning to introduce inheritance tax in the upcoming 2025 Budget, scheduled to be tabled on Oct 18. Loke said he had never heard of such a proposal in cabinet meetings. He was referring to a report quoting analysts from local ... Read More

One year after the commencement of Silicon Island’s development in September 2023, the project has already demonstrated significant progress and positive outcomes for Penang’s economy, environment, and local communities. This ambitious initiative, undertaken by the Penang state government, has achieved numerous milestones in its first year, showcasing the broad benefits ... Read More

The National House Buyers Association (HBA) has voiced strong opposition to the proposed reintroduction of an inheritance tax in Malaysia’s 2025 Budget. The tax is one of several measures being considered to broaden the country’s tax base and increase government revenue. However, HBA secretary-general Datuk Chang Kim Loong argues that ... Read More

A proposed review of the National Housing Policy will make home ownership more affordable while increasing disposable income, says Datuk Seri Dr Ahmad Zahid Hamidi. The Deputy Prime Minister said the review may be necessary because of the increase in household debt to gross domestic product (GDP) ratio from 67.2% ... Read More

Penang’s Light Rail Transport (LRT) dream will begin to take shape in December with a groundbreaking event, with the first station to be built in Lebuh Macallum. Transport Minister Anthony Loke is said to have approved a date to get the 29km Mutiara Line landmark project off the ground. The ... Read More

Real estate developer Ideal Property Group has launched the next phase of its industrial project "Ideal Business Hub", which has a gross development value (GDV) of RM260mil, in Bertam Penang. Ideal Business Hub is an exciting new light industrial park situated in the North Seberang Perai District (SPU). This 28-acres ... Read More

Malaysia’s property sector saw over RM100 billion in sales in the first half of 2024, exceeding the government’s full-year target. Housing and Local Government Development Minister Nga Kor Ming announced that the National Property Information Centre (NAPIC) recorded RM100.5 billion in sales from January to June. If the trend continues, ... Read More

Stark Development Sdn Bhd has unveiled its latest and most ambitious project, "Stark in the Sky", which promises to elevate Penang’s luxury and nightlife scene to new heights. The exclusive venue, located at the top of the 34-storey STARK Tower, is designed to offer a sophisticated blend of experiences and ... Read More

High-end property prices in Penang rose by 7% to 10% in 2024 from a year ago, reflecting the steady demand among locals and foreigners. One Asia Property Consultants (Pg) Sdn Bhd executive director Chandra Mohan Krishnan said prices had increased in Bayan Baru, Pulau Tikus and Seri Tanjung Pinang as ... Read More

PR1MA, the affordable housing agency under the Ministry of Housing and Local Government (KPKT), has successfully completed Ideal Residency (Residensi Bukit Gelugor) ahead of its original timeline. Initially projected for completion in August 2025, the project, consisting of 1,218 units, is now fully completed, marking a significant milestone as PR1MA's ... Read More