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Property News

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Regulations for Airbnb and hotels to be finalised by year end

The standardization of several issues including regulations, licensing and taxes involving the hotel sector and global online accommodation service provider, Airbnb will be finalized by the end of this year. Housing and Local Government Minister Zuraida Kamaruddin (pictured) said the standardization should take into account various aspects and determine the ... Read More
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Hillside Retreat – New role for old bungalow in Penang Hill

A nearly century-old Hillside Bungalow in Penang Hill has been restored to enhance visitors’ experience on the hill. The project, named Hillside Retreat, is among the state government’s initiatives to further promote Penang Hill as the ‘hill resort of choice’ in Malaysia and the region. Chief Minister Chow Kon Yeow, ... Read More
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Penang land deals transacted in 2019

Today land costs account for about 30% of any property development cost. If you are wondering how much does the land costs in Penang, below is an infographic that shows several land deals transacted in 2019 with a value of more RM10 million. This report is based on data published by The National Property Information Centre ... Read More
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Reduce facilities in high-rise residential projects to lower price

Will developers start to build fewer facilities in their future integrated developments or high-rise residential projects to reduce cost and lower the selling price for home seekers? Reducing home prices are the right thing to do if developers want to stay afloat amid the current Covid-19 pandemic and they can ... Read More
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Rent-to-own way to address housing affordability issue

The concept of affordable housing in Malaysia needs a complete reset, with ”rent-to-own” (RTO) schemes being effective to way improve the lives of the lowest income group (B40) nationwide, property expert believes. Alpha REIT Managers chairman Datuk Stewart LaBrooy said the reset was needed as the term “affordable housing” in ... Read More
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Housing integrated data system 50 % complete

The Housing Integrated Data System (HIDS) being developed by the Housing and Local Government Ministry (KPKT) is now 50 per cent complete and expected to be ready next year, said Minister Zuraida Kamaruddin. She said HIDS is being developed for a thorough collection and analysis of housing data through big data from the federal and state governments as ... Read More
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Utropolis Batu Kawan’s U-Want-to-Buy campaign makes it easy!

From spacious family homes to stylish modern suites, Utropolis Batu Kawan has something for everyone. A university metropolis complimented by one of Australia's best universities, UOW Malaysia KDU Penang University College, Utropolis Batu Kawan is an integrated township with education, leisure, wellness, retail and residential elements coming together as one ... Read More
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Demand for housing in Penang is expected to remain steady

Demand for residential properties in Penang is expected to remain steady during the second half of 2020, especially if the homes are from renowned developers with good quality products. Knight Frank Malaysia executive director Mark Saw says there are pockets of success by some developers reporting bookings and sales for their ... Read More
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SITE PROGRESS: 3 Residence (Sep 2020)

About 3 Residence Mixed development by IJM Land at Sungai Pinang. It is strategically located along Lebuh Sungai Pinang 1, easily accessible via Tun Dr. Lim Chong Eu Expressway.  It offers a mix of residential and commercial components, which comprises a 47-storey skyscraper, hotel and shop offices. Find out more about 3 Residence ... Read More
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Cagamas launched Digital Skim Rumah Pertamaku (Digital SRP) platform

The National Mortgage Corp’s subsidiary Cagamas SRP Bhd has today launched the Digital Skim Rumah Pertamaku (Digital SRP) platform for Malaysian homebuyers to apply for a loan online and purchase their first home. Cagamas SRP chairman Datuk Bakarudin Ishak said with the digital initiative, the company expects a more than ... Read More