Penang is mulling to compel low-cost (LC) and low medium-cost (LMC) unit owners to sell their properties back to the state if they were moving to higher-end properties. State Housing, Town, Country Planning and Local Government Committee chairman Jagdeep Singh Deo said the move would help to reduce the burden ... Read More

Sanbumi Holdings Bhd has, via its wholly-owned subsidiary Sanbumi Sawmill Sdn Bhd, entered into a joint venture agreement with Iconic Development Sdn Bhd to construct and develop a RM127 million commercial development project called Iconic Point, located in Simpang Ampat, Seberang Perai Selatan. The project will be developed on a ... Read More

A big data system is needed to solve property overhang issue in Malaysia, Housing and Local Government Minister Zuraida Kamaruddin said, adding that such a system will be a 'game changer' for the local property industry. She said the lack of a big data system has hindered the government in ... Read More

Newly-appointed Penang Port Commission (PPC) chairman Jeffrey Chew Gim Eam has in his maiden media conference called for a request for proposal (RFP) for the sunken Tanjung City Marina site adjacent to Swettenham Pier Cruise Terminal. The Tanjung City Marina is an abandoned marina off Weld Quay located within the ... Read More

Join Jayamas Property for an exclusive preview of MARC Residences & Service Apartment on 6 & 7 April (10AM - 5PM) and be the first to experience the luxury condo at Jalan Song Ban Keng. The event will also feature kids corner and wine service. Light refreshment will be served. Venue:  11, ... Read More

Growth of the property market in Penang is expected to remain flat this year in view of the unpredictable economic outlook and the market’s wait-and-see attitude, according to an international real estate consulting firm. Henry Butcher Malaysia (Seberang Perai) Sdn Bhd associate director Fook Tone Huat said the United States ... Read More

Bank Negara Malaysia (BNM) has given banking institutions until end-2019 to revise “unfair” terms and conditions, and improve clarity by using plain language for both new and existing housing loan and financing contracts. In addition, the central bank in its Financial Stability and Payment Systems Report 2018, revealed that the ... Read More

It is definitely a historical and proud day for Aspen Group and IKEA Southeast Asia when Vervea High Street and the Aspen Vision City’s Central Island Park successfully entered the Malaysia Book of Records (MBR). Both development projects are located within Aspen Vision City, a joint venture development between Aspen ... Read More

by Anders Ong Wondering when is the right time to purchase property? Had been on the lookout for perfect property since last year? People still saying property market are trending downwards for year 2019? Waiting for the latest launching? Afraid of buying the wrong property or afraid of losing current ... Read More

Penang has been chosen as one of the best places to travel to by CNN Travel, alongside popular tourist destinations such as Spain and Greece, as well as various cities in the United States. The American broadcaster placed Penang 15th on the list of its 19 best spring travel destinations ... Read More