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Property News

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Penang Structure Plan 2030 draft displayed today

The draft plan is being displayed at Level Three in Komtar on Penang Island and the Seberang Perai Municipal Council (MPSP) on the mainland. The longer public display period, which is twice as long as required by law, will enable the state government to receive even more feedback, suggestions and ... Read More
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Townhall session for public to air concerns about PIL 1

The state government will hold a townhall session on the Environmental Impact Assessment (EIA) for the proposed Pan Island Link 1 (PIL 1) on Thursday. Chief Minister Chow Kon Yeow (pic) said the townhall session, to be held at Setia SPICE Convention Centre in Relau from 8pm to 10.30pm, would ... Read More
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Eco Horizon to launch Brydon semi-d and bungalows by year-end

Eco World Development Group Bhd (EcoWorld) will be launching the first phase of its Brydon collection of semi-detached houses and bungalows in its Eco Horizon township development at Batu Kawan, Penang in the fourth quarter of the year (4Q18). The township’s second collection will comprise, 382 units of semidees with ... Read More
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Penang Property Convention 2018 sneak preview

It's happening on 29 September, get ready for one of the biggest property talk in Penang! Either you are a first time home buyer or a property investor, grab the opportunity to meet up face-to-face with the property experts and gurus. Whether the houses are getting 10% cheaper or not, ... Read More
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No price drop for low-cost and low medium-cost house

The expected drop of up to 10% in Penang’s housing prices will not include low-cost and low medium-cost houses that are being built at a loss. State Housing, Town, Country Planning and Local Government Committee chairman Jagdeep Singh Deo said the prices for low-cost and low medium-cost units would remain ... Read More
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Penang housing prices to drop up to 10%

Housing prices in Penang are set to drop by at least 10% with the implementation of the Sales and Service Tax (SST). Real Estate and Housing Develo­pers’ Association Penang (Rehda) hopes to bring down the overall housing prices by 10% for those costing above RM300,000 and 6% for affordable housing ... Read More
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FMM Penang supports PIL1 Highway and Penang South Reclamation

The Federation of Malaysian Manufacturers (FMM) Penang has supported the implementation of the Pan-Island Link 1 (PIL 1) Highway and Penang South Reclamation (PSR) based on the Penang Transport Master Plan (PTMP). The PIL 1 Highway is a 19.5km, dual three-lane highway running from Gurney Drive to Penang International Airport ... Read More
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Finance Minister expects drop in house prices after SST

The Federal Government expects a more positive response from housing industry players following its decision to exempt construction services and certain building materials from the Sales and Services Tax (SST). Finance Minister Lim Guan Eng expressed hope of seeing at least some changes in housing prices as the government was ... Read More
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IoT and smart services for Batu Kawan

Aspen Vision City Sdn Bhd and TM One, the business arm of Telekom Malaysia Bhd (TM), held a signing ceremony to commemorate an award issued to TM for the deployment and provision of extra-low voltage (ELV) service for the first phase of Aspen Vision City-Vervea, the largest gated-and- guarded commercial ... Read More
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Penang LRT remains unconfirmed

It might not be the best mode of transport, he added, saying that there should be other options available. “While the federal government fully supports the state’s proposal, there should be options for the state to choose from. “Our studies by the Land Public Transport Commission (SPAD) show that there ... Read More