Property News


PWD plans to upgrade roads in Bukit Tengah

The state Public Works Department (PWD) will make an application for an allocation to upgrade the roads in Bukit Tengah to ease traffic congestion. State Transport and Infrastructure Committee chairman Zairil Khir Johari (PH-Tanjung Bunga) said the Jalan Permatang Tinggi is a federal road and the allocation had already been ... Read More

Penang Housing Board identifies 14 affordable housing projects

A total of 14 housing projects have been identified by the state government through the Penang Housing Board, says state Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo. According to Jagdeep, these projects come under the state government’s housing masterplan called the ‘Penang Affordable Housing (PAH) 2021 ... Read More
Penang bridge view

RM3.66 billion worth of unsold houses in Penang

A total 4,683 units of completed houses with a value of RM3.66 billion were reported unsold in Penang to-date. The number puts Penang at the second highest state with unsold houses after Johor at 6,509 units (RM4.89 billion), Federal Territory of Kuala Lumpur at 3,863 units (RM3.1 billion) and Selangor ... Read More

Residential property market performance over 20 years

By Zerin Properties Corporate Valuers We analysed the growth of average house prices over 20 years for eight states in Malaysia. The average house price data was collected from the year 2000 until the first quarter of 2021. These eight states analysed were Kuala Lumpur, Selangor, Johor, Penang, Perak, Pahang, ... Read More
New paired road to open partially soon

New paired road to open partially soon

The RM545mil Bukit Kukus paired road in Penang will be partially open to traffic next month. Penang infrastructure and transport committee chairman Zairil Khir Johari said the 3.3km stretch from Lebuh Bukit Jambul that branches out to Jalan Tun Sardon and Paya Terubong was expected to be ready by late ... Read More

Cancelling or postponing reclamation project will have huge impact on Penang’s economy

Penang will not face heavy financial implications if the implementation of the Penang South Reclamation (PSR) project in the southern tip of the island is cancelled or postponed. State Infrastructure and Transport Committee chairman Zairil Khir Johari said the impact of the loss of the project on the Penang economy ... Read More

8th PropertyGuru Asia Property Awards (Malaysia) laurel developers, projects with wide appeal

Recipients of the 8th PropertyGuru Asia Property Awards (Malaysia), presented by Kohler, were announced today in an innovative virtual gala presentation broadcast on AsiaPropertyAwards.com and multiple digital platforms, with highlights to air on the History Channel. The programme celebrated the achievements of the real estate sector from north to south ... Read More

SITE PROGRESS: Metropol (Nov 2021)

About Metropol A mixed development by Ramana Property at Bandar Perda in Bukit Mertajam. It is located near Jalan Perda Utama roundabout, featuring less than 10 minutes drive from Penang bridge. Featuring 326 residential units with built-up size ranging from 810sq.ft. to 1,845sq.ft. Amenities such as schools, hypermarket, banks, shopping malls, ... Read More

Three-quarters of residents happy with liveability, green efforts and freedom in Penang

Penang Institute today unveiled the results of its Happiness in Penang (HIP) Index and found that 76.5% of the 3,011 residents surveyed identified as happy. The survey, which was conducted during October 2020 and May 2021, found 23.5% of the respondents are “not-yet-happy”, 13.7% are “narrowly happy” and 9.9% are ... Read More
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RM19.75 billion worth of unsold houses in Malaysia

A total 30,290 units of completed houses with a value of RM19.75 billion were reported unsold in the third quarter of this year. Deputy Housing and Local Government Minister Datuk Seri Ismail Abdul Muttalib said data by the National Property Information Centre (NAPIC) revealed a 2.64 per cent decrease in ... Read More