SP Setia buys land in Penang for RM620m
SP Setia Bhd is acquiring 1,675 acres of land in Penang for RM620.12 million following a successful tender bid. In a filing with Bursa Malaysia yesterday, the group said its wholly owned subsidiary Setia Recreation Sdn Bhd accepted an award of tender for the purchase of the parcels of freehold ... Read More
Development density guidelines in Penang to take effect next year
The guidelines for the increase in development density to 128 units per acre from 87 units per acre will only come into effect next year in Penang. Penang Local Government, Traffic Management and Flood Mitigation Committee chairman Chow Kon Yeow said the state was in the process of fine tuning ... Read More
Jerejak island resort to be redeveloped, joint venture with Ideal Property
Tropical Island Resort Sdn Bhd (TIRSB) has entered into a joint-venture agreement with Q Islands Development Sdn Bhd (QID), a subsidiary of Ideal Property Group, to redevelop the Jerejak Rainforest Resort & Spa and the 80 acres of land owned by TIRSB on the island. TIRSB is a joint-venture company ... Read More
The challenge of housing affordability
The right to shelter is an inalienable basic human right. Providing basic, sufficient and affordable housing for its people, particularly those with a low income, is one of the fundamental duties of the state. However, if a government-linked research institute’s housing survey is any indication, it has validated the people’s ... Read More
Property sales dipped further in first half of 2016
Market performance remained sluggish in the first half of this year as property transaction numbers in the country continued their downward trend. According to the National Property Information Centre’s (Napic) data for 1H2016, a total of 163,528 properties were transacted averaging 27,255 properties a month, a decrease of 12.3% compared ... Read More
Property prices can come down if …
Will property prices come down?” This is not a new question especially in a time when the property market is soft. Before one answers that question, panellists at TheEdgeProperty.com’s Roundtable on Budget 2017 held on Oct 24 pointed out that industry stakeholders should first ask and find out whether there ... Read More
Massive projects in place to alleviate urbanisation in Penang
If you feel that Penang, especially the island, is getting crowded you are absolutely right. According to the Department of Statistics, the level of urbanisation in Penang at 90.8 per cent is among the highest after Kuala Lumpur, Putrajaya and Selangor. The population density of the northern state is also ... Read More
E&O set to launch Amaris Terraces By-The-Sea at Seri Tanjung Pinang
Eastern and Oriental Bhd (E&O) is set to launch its latest project Amaris Terraces By-The-Sea at its Seri Tanjung Pinang development in Penang this November, pending the completion of the project’s show unit. “We are calling this project Amaris Terraces By-The-Sea because some of the units are literally by the ... Read More
Penang state govt takes measures to lower prices for residential units
The state government has increased the development density to 128 units per acre up from 87 units per acre as part of measures to cushion the unfavorable economic impact on developers and to lower prices for residential units. Penang Housing, Town and Country Planning Committee chairman Jagdeep Singh said units ... Read More
7 Upcoming Projects at Sungai Nibong in 2017 / 2018
Following the unveiling of Penang Transport Master Plan, developers are eyeing for opportunities near LRT stations. This is particularly obvious in Sungai Nibong where there were at least 7 projects proposed by 6 developers in the past 12 months, with the exception that there is still no official plan submitted by ... Read More
Weekly Newsletter
Latest Projects
TODAY'S MOST READ
RECENT COMMENTS
- Crazy, cut mountain again ...MajorArches on Iconic raises RM95.6mil through rights issue, plans for land purchase
- different is the bad location, spec lousier and higher density. two tower gimmick for sales...Lim on AFFORDABLE: Jelutong / Acara Prestasi Sdn. Bhd.
- I studied this before using google map. Full Penang bridge view depend on you are...Hemsley on Mezzo at The Light City – Luxurious seafront condo
- @ Jay, Many thanks for your advise. Will go to IJM office. Thanks ...kingkong on Mezzo at The Light City – Luxurious seafront condo
- @kingkong As i mentioned above, you can go IJM office to take a look their...Jay on Mezzo at The Light City – Luxurious seafront condo
- 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
- @huat Thanks again for your response. Excellent analyses. Yeah, I concur there’s not a single...Anon on Mezzo at The Light City – Luxurious seafront condo
- @Beng Thanks for the reply. Seems like they are targeting a niche market, and not...Anon 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
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