Property News


Concern over 40% hike in cement prices

The business community in Penang have raised concerns to the Finance Ministry over the 40% price hike in cement. Real Estate and Housing Deve­lopers’ Association Penang chapter chairman Datuk Toh Chin Leong said the increase would affect property prices. He said they were worried that the price hike could be ... Read More

PTMP and PSR would not be scrapped at all cost

Mega projects planned for the state, such as the RM46 billion Penang Transport Master Plan (PTMP) and Penang South Reclamation (PSR), may be modified, scaled down or even reviewed depending on the situation and change in circumstances. Chief Minister Chow Kon Yeow, however, insisted that both projects would not be ... Read More

MAPEX – Home Ownership Campaign 2019

For those of you who want to enjoy the benefits of what the HOC 2019 campaign has to offer, it’s not too late! Make your way to the Malaysian Property Expo (MAPEX-HOC 2019) at Gurney Plaza Penang from 20th June – 23rd June 2019! Organized by the Real Estate and ... Read More

Scientex buys land to expand property development to Penang

Scientex Bhd is buying six parcels of freehold land measuring 7.83 million square feet in Penang to expand its land bank for property development activities to the north from the southern part of Peninsular Malaysia. These land banks are located less than 5km away from Setia Fontaines mega township development ... Read More

Penang rolls out rent-to-own houses

The Penang government is encouraging more people to own homes through its rent-to-own (RTO) scheme. State Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the state was happy to introduce the RTO scheme to those who could not afford to even buy low-cost homes, due ... Read More

Penang govt denies second airport proposal

Chow said that as of now, the state government is proceeding with a plan to commission a study on the future needs of the existing Penang International Airport (PEN) and its surroundings. Nevertheless, he said that the state government is open to proposals for a second airport in the state ... Read More

Penang among best places in Asia to visit

CNN International’s new travel website (CNN Travel), has named Penang as one of 17 Asia's best destinations to consider for the next adventure. The article, published yesterday, singled out Penang as a mecca for food and architecture lovers. it was written by Kate Springer, a Hong Kong-based freelance writer and ... Read More

The Ship Campus – Progress Update (June 2019)

Located within the vicinity of One Auto Hub at Batu Kawan, The Ship Campus is a new university campus under construction for Peninsula College. It is designed like a ship and able to accommodate about 5,000 students. Take a sneak peek at the construction site to see just how much progress has ... Read More

Bukit Kukus paired road to open partially by mid-2020

The Penang government aims to complete the Penang Island City Council’s (MBPP) portion of the RM545.6 million Jalan Bukit Kukus paired road project by the middle of next year. State Public Works, Utilities and Flood Mitigation Committee chairman, Zairil Khir Johari said that 2.8 km out of the five-kilometre elevated ... Read More

HOC 2019: Triuni Residences @ Batu Uban, from RM488K

Find your home at Penang Island's most prestigious address from RM488,888 nett*. It is within walking distance to proposed Batu Uban and Pesta LRT stations. You may also register your interest here for a call back ... Read More