Property News


Govt urged to extend home ownership incentives to secondary market

The Penang branch of the Malaysian Institute of Estate Agents (MIEA) has asked that the government extend the incentives under its Home Ownership Campaign (HOC) to encompass the secondary market. MIEA Penang chairman Christina Choong said house buyers were given stamp duty exemption under the HOC but this only applied ... Read More

Bayan Lepas LRT Public Inspection

The Penang Transport Master Plan (PTMP) is a comprehensive five-in-one transport blueprint consisting of light rail transit (LRT)/monorail, ferries, taxis, buses and water taxis to meet Penang’s needs over the next 50 years. The Bayan Lepas LRT (BL LRT) is the first urban rail line to be built under the ... Read More
gurney drive reclamation

Penang may see more interest from Hong Kong investors

The current unrest and chaos in Hong Kong may create more business and property sale opportunities in Penang, says Chief Minister Chow Kon Yeow. He said Penang had always been a destination for investment, tourism and business. “In light of the problems in Hong Kong, we may see more businesses ... Read More

No firm decision yet on public transport mode for PTMP

The Penang State Government is still looking at various options on the mode of public transport deemed the most suitable for the Penang Transport Master Plan (PTMP). Chief Minister Chow Kon Yeow (pictured) said the state government has yet to decide which mode would be most suitable, be it light ... Read More

What is HOC?

The National Home Ownership Campaign (HOC) initiated by the government to promote home ownership in Malaysia. The campaign is expected to run until 31 December 2019. During this period, home buyers will enjoy stamp duties exemptions on Sale & Purchase Agreement (SPA) and Loan Agreement. A minimum of 10% discount from the ... Read More

GBS@Mahsuri to replace BPO Prime

The Penang Development Corporation (PDC) has commenced the construction of a building to cater to the current demand for office and work spaces after the proposed RM1.3 billion Business Process Outsourcing Prime (BPO Prime) project has been shelved. Penang Chief Minister Chow Kon Yeow said the smaller project would be ... Read More

Affordable Homes, Primary & Secondary Market Expo

Now that the HOC has received the nod to extend its campaign and seamless benefits until the end of December by many, make your way down to the Affordable Homes, Primary & Secondary Market at the PECC (Sunway Carnival Mall Level 4) on the 23rd to the 25th August 2019 ... Read More

Owners of The Rise @ S.P Chelliah will receive their keys soon

A total of 2,093 buyers of The Rise affordable housing near S.P Chelliah Road here will soon receive their keys as final clean-up work is being carried out by the developer, Zubicon Sdn. Bhd. Housing, Town and Country Planning and Local Government Committee chairman, Jagdeep Singh Deo, when informed of ... Read More

Short-term property rentals on the rise in Penang

The number of stratified residential properties offering short-term home-sharing or rentals seem to be rising in Penang even though the practice is deemed illegal by the Penang Island City Council (MBPP). Interviews with several Airbnb operators showed even developers with unsold units would furnish them and rent them out for ... Read More

Five rent-to-own projects in Penang for the needy

Penang’s rent-to-own (RTO) housing units that have been rolled out to assist the hardcore poor involve a total of five projects in the state so far. State Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said four projects are on the mainland while another is on ... Read More