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Property News

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Whoopee! Cash Tornado in Bukit Mertajam (24 Nov)

Be the first to discover the new 1,675 acres mega township by S P Setia – Setia Fontaines at Ng Yam Huat Hall, Bukit Mertajam. Save the date and join with us at Ng Yam Huat Hall, Bukit Mertajam on ... Read More
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Penang to curb profiteering from cheaper homes

The state government is planning a new mechanism to prevent low-cost (LC) and low medium-cost (LMC) unit owners from profiting from the sales of units. Under the new guidelines, LC and LMC unit owners will have to sell their units ... Read More
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Penang wants to set up water taxi service to connect island and mainland

The Penang government plans to call for a Request for Proposal (RFP) to offer water taxi services in the state after failing to receive any response on the idea. Penang Chief Minister Chow Kon Yeow said the water taxi services ... Read More
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Penang may introduce new affordable housing scheme

The Penang government is looking at introducing a new affordable housing category where the units will remain government properties under a leasehold plan that will allow low-income earners to own homes and upgrade to larger units in the future. State ... Read More
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First winner of the E&O Luxury Living Campaign unveiled

Premier lifestyle property developer Eastern & Oriental Berhad (E&O) unveiled the first winner of its Luxury Living Campaign at a prize presentation held at the Straits Quay Retail Marina in Penang. The campaign launched in July 2018 offers homebuyers exclusive ... Read More
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Theme park proposed for Pulau Jerejak

A developer is planning to build a theme park on the southern part of Jerejak Island, the state legislative assembly heard today. Penang Chief Minister Chow Kon Yeow (PH - Padang Kota) said the developer submitted a development master plan ... Read More
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Penang Sentral to open on Nov 22

The long wait will soon be over and commuters will finally get to use the new transport hub in Penang Sentral, Butterworth. The transport hub on the mainland, which can take 3,000 to 4,000 passengers a day, will finally open ... Read More
P2P financing will raise house prices, warns expert

P2P financing will raise house prices, warns expert

A national research institute director says the peer-to-peer (P2P) financing scheme for housing announced in Budget 2019 benefits investors more than home owners, and has urged the government to review the scheme thoroughly. “P2P finance is an investment scheme, there’s ... Read More
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Don’t collect compliance fees for affordable homes

The state government should exempt developers from paying compliance costs for all affordable housing units in the state, a backbencher told the state legislative assembly today. Kebun Bunga assemblyman Ong Khan Lee said such exemptions would further reduce affordable home ... Read More
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Only 1% of Malaysian property owned by foreigners

Foreigners do not own more than one percent of property in Malaysia, revealed Housing and Local Government Minister Zuraida Kamaruddin. Zuraida said that in March 2014, the government had imposed a RM1 million minimum property purchase price for foreigners. She ... Read More