Property News
Automatic approval for extended moratorium on loan repayment for B40 and micro enterprises
The government has instructed banks to automatically approve applications to freeze loan repayments by applicants in the bottom 40% income group (B40) as well as micro-enterprises with debts of below RM150,000. Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz (pictured) announced this today during his winding-up speech on Budget ... Read More
Penang Island is one of the “11 Best Islands for Retirement Abroad”
Penang has been named as one of the "11 Best Islands for Retirement Abroad" by International Living, a website that covers global retirement or relocation opportunities, earlier this month. The other islands which made into the list were Mallorca in Spain, Ambergris Caye in Belize, Ireland, Roatan in Honduras, Isla ... Read More
Ivory Properties gets green lights to buy land opposite Queensbay Mall
Ivory Properties Group Bhd (IPGB) said it has received the shareholders’ approval for the acquisition of two pieces of adjoining freehold land, totaling 1.98 hectares (ha), located opposite Penang Queensbay Mall. The announcement was made following IPGB’s virtual Extraordinary General Meeting (EGM) today, in which shareholders and proxies participated in the meeting via ... Read More
Over RM20bil worth of residential properties remain unsold
Some RM20bil worth of residential properties remain unsold due to an overhang, says Housing and Local Government Minister Zuraida Kamaruddin (pic). "Based on the First Quarter 2020 Property Market Report by the National Property Information Centre (Napic), a total of 31,661 completed units remain unsold with a value of RM20.03bil," ... Read More
Stern actions will be taken against Penang JMBs and MCs that fail to comply with SOP
Stern actions will be taken against joint management bodies (JMBs) and management corporations (MCs) that fail to comply with the COVID-19 standard operating procedures (SOP) to curb the spread of COVID-19 in stratified buildings. State Housing, Local Government and Town and Country Planning Committee chairman Jagdeep Singh Deo said that ... Read More
Penang Sentral almost deserted
The COVID-19 pandemic, that is still plaguing the world, has been affecting all walks of life, especially small traders who are feeling the pinch the most due to the outbreak. A check at the Penang Sentral yesterday found that the majority of traders were concerned as they have hardly any ... Read More
SITE PROGRESS: Setia Sky Ville (Nov 2020)
About Setia Sky Ville One of the most popular development by SP Setia in Jelutong. It is strategically located off Lorong Slim, just a short drive away from various high schools, namely Heng Ee secondary school, Penang Free School and Han Chiang College. This development features 550 residential units with built-up sizes ranging from 1,036 ... Read More
List of locations in Penang affected by Covid-19 in the past 14 days (Updated 24/8)
Below is the list of locations in Penang which have at least one Covid-19 positive or suspected cases reported in the past 14 days. (This page will be updated as/when more cases are reported) * This list will no longer be updated due to unavailability of information from JKNPP * ... Read More
COVID-19: Suspected Covid case at Universiti Heights
A suspected Covid-19 case has been reported at Universiti Heights apartment near USM yesterday. The resident is now under self-quarantine at home until the end of this month. The management of the apartment has issued a notice to the residents informing them on the matter and called on everyone to strictly adhere to the standard operating procedures ... Read More
SITE PROGRESS: QuayWest Residence (Nov 2020)
About QuayWest Residence Luxury residential development located next to Penang World City in Bayan Mutiara, Penang. This development comprises 1,235 condominium units in two 24-storey towers. Tower A offers 669 units with built-ups from 1,246 to 3,222 sq ft. Tower B comprises 566 units of various types, 253 units of which ... Read More
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