The first phase of Penang Sentral in Bagan Dalam is expected to open in October. Modeled on Kuala Lumpur Sentral, the RM2.7bil development stands 10 storeys high and overlooks George Town on the island. Built on 12.8ha of land, the hub is equipped with shops, ticketing counters and food outlets ... Read More

The reclamation of three islands to finance the Penang Transport Master Plan (PTMP) will add value to the state’s investments, said Chief Minister Chow Kon Yeow (PH-Padang Kota). Chow said the three proposed islands, on the south of Penang island, went beyond improving the state’s transport system as it would ... Read More

If Penang gets a low-cost carrier terminal (LCCT), it will likely be to the south of the current passenger terminal and only about 1km from the proposed islands to be reclaimed off the southern coast of Penang island. It has been the dream of AirAsia and the Penang government to ... Read More

Kek Lok Si Temple will never be the same if the highway from Gurney Drive to the airport is built because a 300m-long elevated highway and a tunnel to Paya Terubong will be constructed just a few hundred metres behind the temple. Kek Lok Si Temple is adamant that it ... Read More

Residential overhang in Penang is still a major issue and the current market situation is not making it any better. Overhang is defined as built properties that remain unsold at least nine months after completion. The overhang in Penang is likely due to unaffordable property prices and financing issues. The various ... Read More

A public town hall on the Pan-Island Link (PIL) highway project has been announced, said NGO Citizen Awareness Chant group (Chant). Chant advisor Yan Lee welcomed the timely move, reported Malaysiakini, saying the session will be organised by the federal government, and stakeholders would be invited to share their views ... Read More

by Anders Ong There are two main market in properties transaction, which comprise of:- Primary Market – Direct purchase of a new property from developers. Examples are under construction properties or projects off the plan and unsold units from the developers. Secondary Market – Direct purchase of properties from primary ... Read More

Knight Frank Malaysia managing director Sarkunan Subramaniam said foreign investors are expected to return in the first quarter of 2019 on the back of more transparent policies with the new government. "Rents of high-end condominiums will stabilise and prices will hold. As for the office market, rents will remain competitive ... Read More

There will be a considerable number of changes in the National Housing Policy expected to be announced in September which includes the rental-tenancy market, the National Housing Department said. Some of the laws will take two years to study and establish but the wheels of change are in the works, ... Read More

For many home seekers and property investors, the first thing that comes to mind when one mentions Penang is the state’s thriving island. The capital city of George Town has long established itself as one of the country’s most loved cities. However, due to scarcity of land and escalated property ... Read More