News & Articles
Unreleased bumi lots contribute half of property overhang in Malaysia
The unreleased Bumiputera lots contribute to about 40% to 50% of the country’s overhang numbers, according to Real Estate & Housing Developers’ Association (Rehda) Malaysia president Datuk Soam Heng Choon. Many completed houses in certain states were unsold because the state governments do not want to release the Bumiputera lots ... Read More
The Light City officially broke ground yesterday
The second phase of The Light Waterfront project, The Light City held its groundbreaking ceremony, officiated by the Mr. Ong Teng Cheng, Managing Director of IJM Construction Sdn Bhd, and Dato' Toh Chin Leong, Senior General Manager (Northern Region) of IJM Land Berhad and Director of IJM Perennial Development Sdn ... Read More
George Town wins gold medal in 4th WeGO Awards
George Town, the capital city of Penang, has been awarded the Gold Medal for the fourth edition of Sustainable Cities Organisation Awards (WeGO Awards) under the Mobility category. State Housing, Local Government and Town and Country Planning Committee chairman Jagdeep Singh Deo today said this was the first time Penang ... Read More
RM300k and below form the largest segment of unsold residential units.
Developers are scratching their heads as to why the most affordable units priced RM300,000 and below form the largest segment of total unsold residential units. Real Estate and Housing Developers’ Association (Rehda) Malaysia vice-president Zulkifly Garib (pic) said: “The overhang is an accumulation of many years. We need to understand ... Read More
Rehda expects lower HOC sales
The sales of the Home Ownership Campaign (HOC) 2020-2021 are expected to be lower than last year owing to the lacklustre performance in the first half of 2020, said Real Estate and Housing Developers' Association (Rehda) Malaysia president Datuk Soam Heng Choon. HOC 2019 recorded sterling sales of 57,000 units ... Read More
Property overhang won’t worsen as loan moratorium ends
The Real Estate and Housing Developers’ Association Malaysia (Rehda), which is cautiously optimistic about the outlook of the property sector, hopes for better improvement in the first half of 2021 (1H2021), provided there is no new community transmissions of the COVID-19 pandemic in the country. The expected sales will further improve in ... Read More
SITE PROGRESS: Residensi Permatang Pauh (Sep 2020)
About Residensi Permatang Pauh Affordable housing undertaken by Excel Focus Properties Sdn. Bhd. It is strategically located within the established township of Permatang Pauh, only about 500 meters away from Butterworth-Kulim Expressway. Neighboring communities include Taman Naluri, Taman Naluri Ria and Taman Janggus Jaya. Find out more about Residensi Permatang ... Read More
220,000 units of affordable housing for Penang by 2030
Penang State EXCO for Town & Country Planning and Housing, Jagdeep Singh Deo set a new target of 220,000 units of affordable housing (RMM) to be built by 2030, supporting the current economic environment and demand. The targets include low-cost (Type A) and low-medium cost (Type B) and affordable housing which cover three categories of Type C1 ... Read More
7 reasons why property owners need landlord insurance
By See Kok Loong Insurance is one of those things that some people mistakenly think isn’t worth the cost. Unfortunately, that’s why too many people choose not to take out appropriate insurance cover to insure their assets as well as their incomes. When it comes to insuring their homes, most ... Read More
GEM Residences – A Wholesome Lifestyle Experience
GEM Residences - a new freehold condominium located at Jalan Baru, Prai, Penang is primed to bring a new standard of living to Prai, Penang by offering a range of well-designed modern living spaces for a wholesome lifestyle experience. Strategically located along the six-lane Jalan Baru connecting the North-South Expressway ... Read More
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- Are they sure they can on time finish construction before due date & ccc on...SIM LI on The Cube
- @K sorry, should be end of 2024 ...K on The Cube
- End of 2025 only start piling and underground parking ? the construction progress almost same...K on The Cube
- @SIM LI They will tell you because of taking care quality workmanship ...Ryu on The Cube
- why contruction very slow...two year only go to level 12.. ...SIM LI on The Cube
- @CY why contruction very slow...two year only go to level 12... ...SIM LI on The Cube
- This serm a viable purposeful redevelopment but the pollution due to Industrial remain to be...Kerneth Rodrigues on Pulau Jerejak’s 26.5-acre shipyard site poised for future redevelopment
- @Minion Because we still haven't break the 4M mark. Will reach there in a year...LL on Top 5 Most Expensive Residential Properties Sold in Penang in 2025
- please send the details & pricing of the property. Thanks ... ...ZURIATI OSMAN on UPCOMING: Prai / Concrete Idea Sdn. Bhd.
- Why don't have taman bayu mutiara (BM area) record at all? ...Tim on All Penang Projects
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