Property News


Penang International Airport expansion approved, to be completed by 2024

The state government opted for the expansion of the Penang International Airport (PIA) rather than build a new one on reclaimed land in the south as it could not afford to delay the project. State Local Government Committee chairman Jagdeep Singh Deo said the State Planning Committee (SPC) in a ... Read More

Sea and hill-view urban resort condo from RM590K

Runnymede is making last call for HOC campaign! Call now to know the additional discount and rebates! Register your interest here ... Read More
PSP 2030 (Draft)

Penang Structure Plan 2030 gazetted, including 3 new islands

Penang Chief Minister Chow Kon Yeow yesterday announced the approval of the 2030 Penang Structure Plan (RSN), which outlines development strategies and policies for the state from 2020 to 2030. Chow said the RSN, which had taken into account public views and objections over the past year, was now legally ... Read More

Iconic Regency – Where Convenience Meets Luxury

Iconic Regency is a freehold development nestled within the established commercial district and residential neighbourhoods for both local and expatriates in the middle of Sungai Nibong, Penang. Iconic Regency is linked to the Iconic Hotel – 4-star business class hotel and within walking distance of the proposed LRT Station. The ... Read More
Quit rent increase will be minimal

Quit rent increase will be minimal

The Penang government yesterday assured those living in apartments and stratified units that any increase in quit rent will be “very minimal” and based on rates already in place since 1994. Chief Minister Chow Kon Yeow said the rates will also not change for the next 10 years – until ... Read More

Upcoming affordable housing by EcoWorld

Penang State Government in partnership with Eco Horizon Sdn. Bhd. will develop another Type-A affordable housing project near Kalidonia Farm at Southern Seberang Perai (SPS). Chief Minister, Y.A.B. Mr Chow Kon Yeow said the project which features 272 low-cost housing units on 15.106 acres owned by the Chief Minister's Corporation (CMI) would ... Read More

Strong interest from mainland Chinese buyers expected next year

Chinese international property portal Juwai.com, forecast there will be stronger interest from Chinese buyers next year with the lowering of the minimum price threshold for foreign buyers on high-rise property. In its 2020 budget, the government proposed helping the industry sell some of its unsold new homes by temporarily lowering ... Read More

Penang South Islands

The Penang South Island (PSI) project embodies the social and economic goals at the heart of Penang 2030. Measuring 4,500 acres of state-owned land, the project will span three islands that comprise an advanced new ecosystem and serve as a model for the future of work and livability in Malaysia ... Read More

SITE PROGRESS: Utropolis @ Batu Kawan (Dec 2019)

About Utropolis @ Batu Kawan A mixed commercial development by Paramount Property in Batu Kawan, Penang. Strategically located next to UOW Malaysia KDU Penang University College, just a stone’s throw away from IKEA furniture store. There is also a proposed linkage to the Design Village Outlet Mall. Find out more about Utropolis @ ... Read More

Penang to sign key agreement on Penang South Islands in Jan 2020

Penang Chief Minister Chow Kon Yeow today said the state will sign a major agreement next month to realise its 1,821ha three-island project (Penang South Islands), which forms an important part of the RM46 billion Penang Transport Master Plan (PTMP). He said once the agreement was signed, the project’s delivery ... Read More