Property News
State ready to help tenants in need
Tenants who are renting the Penang city council flats or other kinds of public housing and are facing difficulty in paying their rent can call the office of the Penang Local Government, Housing, Town and Planning Committee for assistance. State executive council member (exco) Jagdeep Singh Deo said a separate committee ... Read More
SITE PROGRESS: M Vista @ Southbay (Nov 2020)
About M Vista @ Southbay A low density residential development by Mah Sing Group, part of the company’s Southbay township development at Batu Maung. It is located just a stone’s throw away from Free Trade Zone, less than 5 minutes drive to Penang Second Bridge. This development features 237 residential units ... Read More
More police roadblocks in Penang starting today as part of CMCO
More police roadblocks starting today as part of the reimposed conditional movement control order (CMCO). You are advised not to go out in a big group and to remain home as much as possible. They will be at the Youth and Sports Complex, Batu Uban (heading towards Penang Bridge), Lim Chong Eu ... Read More
Penang govt lauds Rent-To-Own housing scheme proposed in Budget 2021
The Penang government has expressed its appreciation to the federal government for introducing the rent-to-own (RTO) scheme for housing units during the Budget 2021 announcement. In welcoming the move, State Housing, Local Government and Town and Country Planning Committee chairman Jagdeep Singh Deo today said that in fact Penang had ... Read More
COVID-19: CMCO in entire Penang and 5 other states (9 Nov – 6 Dec 2020)
The government has just announced a month-long conditional movement control order (CMCO) in Kedah, Penang, Perak, Melaka, Johor and Terengganu from Monday due to the rising number of Covid-19 cases in the states. The CMCO will start on 9 Nov (Monday) and end on Dec 6. “It will be for all ... Read More
Next 5 years is the best time to buy first home, says real estate group
The 2021 budget is expected to give a big push to the housing market and enable more Malaysians to own their first home, according to a real estate group. International Real Estate Federation Malaysian Chapter immediate past president Michael Geh said the five-year extension of the stamp duty exemption, aimed ... Read More
Budget 2021: Housing Highlights
The Malaysian Budget 2021 (Belanjawan 2021) is being tabled by finance minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz in parliament today. Below are some of the highlights pertaining to housing: 1. Full stamp duty exemption on Memorandum of Transfer (MOT) and loan agreement for the first home priced below RM500,000. This ... Read More
10 roadblocks for CMCO at Southwest District of Penang Island
Penang police yesterday announced a list of 10 roadblocks to be mounted as part of the conditional movement control order (CMCO) to be enforced at the larger Bayan Baru-Bayan Lepas area from today until Nov 19. Southwest district police chief A Anbalagan said a 328-strong team of officers from the police, armed ... Read More
Ageson to launch RM178 million Prins bay project in Batu Ferringhi
Ageson Bhd will launch Prins Bay, a mixed development project comprising a hotel, serviced apartments, and retail shops in Penang next year. The property and construction company is launching the project in Batu Ferringhi, and the estimated gross development value is RM178 million. Executive director Datuk Sri Chin Kok Foong ... Read More
Exclusive Interview with MIEA Penang (Part 1: Property outlook and buying tips)
While no one would know when the COVID-19 will be effectively contained, the pandemic is definitely further dampening the already sluggish property market in Penang since its outbreak in March. To hear some views from industry experts, an email interview was conducted with Ms. Christina Choong (MIEA Penang Branch Chairman) to discuss the impact of COVID-19 on the ... Read More
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