Property News


56 PR1MA development projects cancelled

A total 56 development projects under the PR1MA Corporation Malaysia (PR1MA), valued at RM9.98 billion have been cancelled, the Housing and Local Government Ministry (KPKT) said. The ministry, in a written reply published in the Parliament website yesterday, said the amount was part of the 131 projects that had earlier ... Read More

Cable car from Penang Botanic Gardens to Penang Hill

The Penang government is in the midst of studying a proposal to build a cable car project from the recreational park in Penang Botanic Gardens to The Habitat in Penang Hill. Chief Minister Chow Kon Yeow said the proposal was to build the cable car alignment from Rifle Club at ... Read More

Developers reminded to focus on cheaper homes

The Penang government has reminded developers of the importance of building affordable homes following the supply overhang of high-end condominiums and apartments. “When they build houses worth millions which people cannot afford, an overhang is caused and the government has to come up with a new policy to address it ... Read More

Open tender for PTMP projects scheduled for next year

The Penang government is hoping to call for an open tender for the Penang Transport Master Plan (PTMP) projects in the second half of next year. Chief Minister Chow Kon Yeow said the state and the project delivery partner were looking at the financial structure and other aspects of the ... Read More

SITE PROGRESS: City of Dreams (Oct 2019)

About City of Dreams A freehold luxury lifestyle development at Seri Tanjung Pinang. The residential units come with size ranging from 1,000 sq.ft. onwards, with a well equipped kitchen accessories. Resident can also enjoy a wide range of luxury facilities such as private lift, private lobby, yacht services, Rolls Royce limousine, private ... Read More

UPCOMING: Penang Turf Club / Berjaya Land Development

Proposed future development in Jesselton Villas neighborhood by Berjaya Land Development Sdn. Bhd. at Penang Turf Club.  Strategically located along Jalan Batu Gantung, this development is surrounded by the affluent neighbourhoods namely Western Gardens, Jesselton Heights and Pulau Tikus. Kensington Gardens was the first parcel launched three years ago, comprises 68 ... Read More

Lowering threshold for foreigners only applicable to existing unsold condos

The move to lower the threshold for foreigners to buy condominiums and apartments in urban areas from RM1mil to RM600,000 is only applicable to existing unsold units, says Finance Minister Lim Guan Eng. He said the measure announced in the 2020 Budget, effective from Jan 1 to Dec 31 next ... Read More
High Court: Owners to pay flat rate for maintenance charges based on share units

High Court: Owners to pay flat rate for maintenance charges based on share units

Residents at high-rise buildings without strata titles, where there are also offices and retail lots, will now pay service or maintenance charges according to a fixed formula following a landmark court decision. The Court of Appeal held that the Joint Management Body (JMB) committees of high-rise buildings are not allowed ... Read More
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Budget 2020: Penang Hill cable car plan gets RM100mil

The Penang Hill cable car project, which received RM100mil allocation from the Federal Government in yesterday’s budget announcement, will be nothing short of world class. Penang Hill Corporation (PHC) general manager Datuk L.L. Cheok said only the best and latest technologies in the world would be used to ensure safety ... Read More

Construction of Ayer Itam-LCE Expressway bypass to start on Oct 31

After a six-year wait, the Penang government has inked the Bandar Baru Air Itam to Tun Dr Lim Chong Eu Expressway bypass road deal. Costing RM851mil, the 5.7km road is the second package of the three paired roads package under the RM6.3bil undersea tunnel project. Work is scheduled to begin ... Read More