Property News


Budget 2020: Housing Highlights

Rent-To-Own scheme To assist those who are unable to pay 10% deposit and to secure the access of home purchase financing, the government will be working with financial institutions to introduce a Rent-To-Own (RTO) scheme. Through this scheme, RM10 billion financing will be provided by financial institutions with the government’s ... Read More
undersea tunnel

Green lights for Penang Tunnel, and other mega projects

The government is anticipated to ink the development agreement for the long-held up controversial Penang tunnel project today morning just before the Budget 2020 tabling, sources said. The RM6.34 billion project will be signed between the Penang state government and the main contractor, Consortium Zenith Construction Sdn Bhd, reported The Star ... Read More

Affordable housing should meet high quality standards

Penang State Housing, Town, Country Planning and Local Government Committee chairman Jagdeep Singh Deo stressed that the provision and supply of affordable housing in Penang should meet the standards and quality of housing. Jagdeep said each of the State Government housing projects built either low cost (LC), low medium cost ... Read More

Developer ordered to rectify defects immediately

The developer, who was awarded the tender to develop the affordable housing project in SP Chelliah, has been ordered to rectify the defects as soon as possible. State Local Government, Housing, Town and Planning Committee chairman Jagdeep Singh Deo said he took the matter seriously. “It is a state project ... Read More

Penang affordable home onwers unhappy over defects

Some buyers of affordable homes along Jalan S.P. Chelliah here are most unhappy with the state of their new properties. According to a report by The Star today, the owners of the new homes were confronted with “bust water pipes, unpainted bedroom doors, windows that cannot opened fully and water ... Read More

SITE PROGRESS: The Park @ Mak Mandin (Oct 2019)

About The Park @ Mak Mandin An affordable housing scheme by Penang State Government at Jalan Mak Mandin, Butterworth. This project is undertaken by Silver Channel Sdn. Bhd., comprising 4 blocks of 14-storey towers with 780 apartment units. Each unit has a standard built-up size of 1,002 sq.ft with 3 ... Read More

Comfy chic homes amid nature in Batu Maung

Sunway Cassia, a tranquil neighbourhood tucked away in Batu Maung, Penang, is a green enclave designed to offer residents a holistic lifestyle. The exclusive 48 semi-detached units are ready with Certificate of Compliance and Completion. There are also limited units of three-storey terraces that are ready for immediate occupancy. Applicable ... Read More

Discovery of Penang’s New Island at Queensbay Mall

In the twinkling of an eye, SP Setia the leading property developer in Malaysia, has once again set to make another success story in the vibrant vicinity of Bertam with its latest edition of Setia Fontaines. Setia Fontaines township is crafted to fulfil various stages of living. Whether you are ... Read More

TNB gets conceptual approval to build pylons on Penang Bridge

The Penang government has given conceptual approval to Tenaga Nasional Berhad (TNB) on its plan to build pylons next to Penang Bridge. Chief Minister Chow Kon Yeow said the plan was to cater to the power supply demands of the state. “We are currently discussing with TNB after giving the conceptual ... Read More

Budget 2020: Hopes for affordable housing allocation for Penang

Penang Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo hopes a certain percentage from the upcoming Budget 2020 will be allocated for public amenities, particularly affordable housing. He said that one of the state government’s main targets was to achieve 180,000 units of affordable housing in ... Read More