Housing problems: ‘Affordable’ but beyond reach
What passes for affordable housing in Malaysia is “not affordable”, said Bank Negara Malaysia (BNM) governor Datuk Muhammad Ibrahim. “Even the World Bank has characterised our houses as severely unaffordable. “Last year, only 35% of the new housing supply in the market were affordable, and the year before that, the ... Read More
New blueprint set to boost northern region GDP to RM300bil
A new blueprint for the Northern Corridor Economic Region (NCER) is targeting 80 projects across four states that planners expect will boost gross domestic product (GDP) in the area to RM300bil by 2025. It will also create 161,197 new jobs opportunities in Perak, Penang, Kedah and Perlis. Northern Corridor Implementation ... Read More
IKEA store to open in Penang on January 1, 2019
The first IKEA store in the northern region will open in Penang on Jan 1, 2019, says Lim Guan Eng. The Chief Minister said the store would help to put Penang at a high-level position. "It is not easy to attract Ikano and we worked very hard," Lim said in ... Read More
Penang Property Convention 2017. Another successful event!
No questions were left unanswered at the recent Property Convention 2017-Penang Edition by GM Training Academy PLT (GM), in collaboration with Penang Property Talk. The event that took place on 29th July 2017 at Vistana Hotel Penang saw the attendance of first time home buyers and property investors from all ... Read More
George Town, KL best cities to retire in Asia
George Town and Kuala Lumpur are the only two Asian cities to make the list in the Top 10 of The World’s Best Places to Retire in 2017 from Live and Invest Overseas (LIO), a much-respected international journal. The list is quoted by Forbes magazine as having gone through a ... Read More
Affordable homes within reach
Nine developers will showcase a total of 2,747 affordable housing units in four districts at the south atrium of Queensbay Mall from 10am to 10pm. State Housing Committee chairman Jagdeep Singh Deo said the affordable units would be open for registration from tomorrow till Sunday. He said 867 low-cost (LC) ... Read More
More RM150,000 homes to be built in Penang
More lower-priced affordable homes await first-time buyers on Penang Island as more developers are willing to build RM150,000 apartments on the island, ever since the state government’s lowering of maximum prices in one category last year. State executive councillor in charge of housing Jagdeep Singh Deo said the state government ... Read More
Penang Property Hotspots in 2017
It's pretty common for our readers to approach us to enquire about the latest property market in Penang. Here is an infographic on property hotspots in Penang. Hotspots is defined as the location where the top 20 most active projects in 2017 are located, along with the price ranges of ... Read More
One million affordable homes by year end
The government’s target of building one million affordable housing units (RMM) is expected to be achieved by year end, according to the urban well-being, housing and local government ministry. The ministry, in a written reply to Wong Tien Fatt (DAP-Sandakan) in Dewan Rakyat yesterday, said until April, the total number ... Read More
Challenging market: Penang developers step up on goodies to attract buyers
Property developers in Penang are offering various packages to entice the market into buying properties launched last year but could not sell because of cooling measures and a subdued housing market. PA International Property Consultants (Penang) Sdn Bhd executive director Loo Choo Beng said developers were now offering attractive packages ... Read More
Weekly Newsletter
Latest Projects
TODAY'S MOST READ
RECENT COMMENTS
- Hi All, Is the Tower B unit 1 to unit 4 facing sea view will...kingkong on Mezzo at The Light City – Luxurious seafront condo
- I would say that Mezzo got great potential for better rental yield. The rest very...Hemsley on Mezzo at The Light City – Luxurious seafront condo
- @Anon Well, I personally believe higher yield cannot be attributed alone to cheaper purchase price,...huat on Mezzo at The Light City – Luxurious seafront condo
- stay in Q2 now, wanna buy Q3 for fun, any advise bosskur here??? ...sun on Queens Residences
- staying in Q2, thought wanna get Q3 for fun... what you guys thought about it??...sun on Queens Residences 3
- All frens above, there is no record on Mezzo rental now, so if to discuss...Hemsley on Mezzo at The Light City – Luxurious seafront condo
- @huat Thank you. Great insight. Does that mean lower priced condo will yield higher, just...Anon on Mezzo at The Light City – Luxurious seafront condo
- @Anon Good question. Who are the developers targeting? It's a mixed bag actually - own...Beng on Mezzo at The Light City – Luxurious seafront condo
- @Beng And yet, there are a bunch of condos > RM1000psf. Who are buyers the...Anon on Mezzo at The Light City – Luxurious seafront condo
- @Hemsley Very informative. What about other locations such as Straits Quay, Gurney? More or less...Anon on Mezzo at The Light City – Luxurious seafront condo
SHOW MORE COMMENTS
Latest Property News
OTHER DEVELOPMENTS
- Affordable Housing (Penang Island)
- Butterworth Arena
- Columbia Asia Medical Centre
- Eco-Tourism Hub @ Batu Kawan
- Escape Penang – Eco Theme Park
- GBS @ The Waterfront
- GBS by The Sea
- Gurney Wharf
- IKEA Batu Kawan
- Island Medical CIty
- Kobay Jelutong
- Lin Xiang Xiong Art Gallery
- Linear Waterfront
- Mitsui Outlet Park @ PIA
- One Auto Hub @ Batu Kawan
- Penang Arts District
- Penang Eastern Seafront Development
- Penang Medical & Digital Technology Hub
- Penang Premium Outlets (Design Village)
- Penang Sentral
- Penang South Islands
- Penang Transport Master Plan
- Penang Waterfront Convention Centre
- Penang World City
- PIA Expansion
- Silicon Island
- Teluk Bahang Wellness Resort
- The Ship Campus (ALC College)
- The Top @ Komtar
- Wellness City of Dreams