Property News


SITE PROGRESS: Fairview Residence (Oct 2021)

About Fairview Residence Affordable housing development at Sungai Ara, Penang. Strategically located next to Setia Pinnacle by SP Setia, about 10 minutes drive away from Setia SPICE. This is a joint venture development between BSG Property and VST Group. It features 34-storey condominium offering 750 units of affordable housing, with a standard ... Read More

NHC to ensure a centralised public and affordable housing industry

The Local Government and Housing Ministry is currently conducting an extensive research on the proposed National Housing Corporation (NHC). Its minister Datuk Seri Reezal Merican Naina Merican said the objective to have the NHC was to ensure a centralised and standardise public and affordable housing industry for easier monitoring. “Currently, ... Read More

Hotayi BK2 expansion project at Batu Kawan

Another milestone is on the way for Hotayi Electronic (M) Sdn Bhd as they celebrated the groundbreaking ceremony of a new plant called ‘Hotayi BK2’ in Batu Kawan today. Founded in 1992, the company is hopeful of celebrating not one but two achievements next year, which is its three decades of ... Read More

SITE PROGRESS: Wellspring Residences (Oct 2021)

About Wellspring Residences A high-rise residential development by Airmas Group in Butterworth. Located near Jalan Telaga Air, next to Telaga Emas Apartment by the same company. It is about 500 meters away from the ever-bustling Jalan Raja Uda, and only a 5 minutes drive to Penang Sentral. This development comprises a 21-storey condominium, featuring 144 ... Read More

MBSP and Think City sign MoU to create ‘20-Minute City’

One day, pedestrians or those cycling from one location to another around the city of Seberang Perai may only take less than 20 minutes, such as Melbourne (Australia) and several other famous cities in the world. This was mentioned by the Mayor of Seberang Perai City Council (MBSP), Dato 'Sr. Rozali ... Read More

Five-year plan RMMPg aims to supply 7,838 units of affordable homes

The Penang Housing Board has rebranded its five-year Penang Housing Board Development Master Plan for the year 2021 to 2025. Penang Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the five-year master plan would now be named as Rumah Mampu Milik Penang (RMMPg). In a media ... Read More
market recovery

HOC may extend to secondary housing market

The government may extend the Home Ownership Campaign (HOC) benefits to the secondary market, the National Property Information Centre (Napic) said. It may also freeze the development of stratified buildings to resolve the overhang in the various segments of the property market. The HOC benefits include substantial savings in stamp ... Read More

REHDA: More measures needed to help property sector

The government, through the Housing and Local Government Ministry, has been doing an admirable job of trying to make the housing delivery system as smooth as possible to ensure that the people would have access to affordable homes. However, this has not been an easy task to undertake as housing ... Read More

SITE PROGRESS: TreeO (Oct 2021)

About TreeO Affordable housing development by Hunza’s wholly-owned unit, Diamaward (M) Sdn Bhd, at Sungai Ara. It is located next to Taman Sungai Ara, about 1.5km away from SJK(C) Chong Cheng. This development comprises three 49-storey towers offering a total 1,240 affordable units. Find out more about TreeO Register your interest here to ... Read More

Penang maintains the prices of LC and LMC

The Penang government will not be raising the prices of low-cost (LC) and low medium-cost (LMC) units in the state. State Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the LC unit in Penang is priced at RM42,000 while LMC unit is priced at RM72,500. “Some ... Read More