Property News
Penang Hill upper station upgrading project
The Penang Hill Corporation (PHC) has launched its Penang Hill Upper Station Upgrading Project (Phase Four) to provide better comfort to its visitors on the hill. The RM9.3 million project would comprise expanding the waiting halls and facilities at the Penang Hill upper station. PHC general manager Datuk Cheok Lay ... Read More
Penang remains a buyers’ market
The Penang property sector is expected to see a modest recovery in 2021, with experts anticipating it to be a buyers’ market on the back of the ongoing vaccine rollout and various government incentives. Knight Frank Penang executive director Mark Saw says recovery of the residential sub-sector will depend on ... Read More
First phase of Gurney Wharf open to public next year
Phase One of the RM176 million Gurney Wharf project is expected to be completed in the first half of 2022, Penang state exco Jagdeep Singh Deo said today. The Penang housing, local government and town and country planning committee chairman said phase one of the public park will be ready ... Read More
SITE PROGRESS: The Zen (March 2021)
About The Zen A mixed development by Asia Green at Bayan Mutiara. It is located next to Tun Dr. Lim Chong Eu Expressway, just a short drive away from the ongoing Penang World City township development by Tropicana Ivory. This development comprises a 46-storey skyscraper with two residential towers, and shop ... Read More
JMB and MC need 75% approval from unit owners for short-term rental in stratified residential buildings
Short-term accommodation in stratified residential buildings in Penang can only be allowed when the Joint Management Body (JMB) or Management Corporation (MC) gets 75% approval from the unit owners. State Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo said JMB or MC would need to conduct an ... Read More
CMCO extended in Penang and 5 other states till March 31
The conditional movement-control order (CMCO) has been extended in Penang and five other states and FT until March 31, Senior Minister Ismail Sabri Yaakob said today. The other states are Johor, Selangor, KL, Kelantan and Sarawak, the defence minister told a press conference today. Inter-state travel still not allowed ... Read More
PR1MA ‘rent-to-own’ housing scheme to be launched in June
The rent-to-own (RTO) housing scheme as announced under Budget 2021 involving PR1MA homes nationwide is expected to be launched this June. Housing and Local Government Minister (KPKT) Datuk Zuraida Kamaruddin said the ministry is in the midst of discussions and refining on the housing scheme mechanism with banking institutions. “The RTO ... Read More
SITE PROGRESS: Sunshine Residence (March 2021)
About Sunshine Residence A 39-storey serviced residence by Suiwah Group at Bandar Baru Air Itam. It is part of the Sunshine Central mixed development on the old Sunshine Farlim site, next to Farlim Square shop offices. Featuring 9 levels of commercial floors with car parking podium, office, hotel and residential towers. Find out more about Sunshine Residence Register ... Read More
Tunku’s house in Pulau Tikus is up for sale for RM62 million
The former residence of the first prime minister of Malaysia, the late Tunku Abdul Rahman Putra Al-Haj in Pulau Tikus, Penang is on the market for a whopping RM62 million, making it the most expensive listing today. The six-bedroom double-storey detached residence with an annexed servants' quarters has been listed ... Read More
Know your rights as strata property owners, says MBPP mayor
Strata property owners should know their rights involving any issues related to the joint management body (JMB) or management committee (MC) members who are in charge of the building management of strata residences. Penang Island City Council (MBPP) mayor Datuk Yew Tung Seang said the problem nowadays is that many ... Read More
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