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Property News

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Penang Sentral – Centre of connectivity in the making

A new centre of connectivity is fast appearing, where a new hub for integrated transportation, integrating rail, ferry and bus services, will soon rise in the north. Check it out in the video below. Serving as the centre of transportation for Penang and the northern corridor, the hub also integrates ... Read More
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Woodsbury Suites @ Harbour Place – Under construction

Woodsbury Suites, an on-going service apartment located along Jalan Chain Ferry, within the Harbour Place township development in Butterworth. It comprises 420 units of service suites with built-ups ranging from 550 sq ft to 2,270 sq ft. There are eight contemporary layout design to provide for flexibility in defining space according to individual ... Read More
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Proposed developer’s housing loan scheme may cause property bubble

Putrajaya is risking a subprime crisis if it lets developers assume the role of housing loan creditors who are allowed to charge quadruple the interest rates offered by banks, the National House Buyers Association (HBA) warned. In a statement to the Malay Mail Online late last night, the HBA urged ... Read More
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DNP Land 20th Anniversary & Property Showcase 2016

You are cordially invited to the celebration of DNP Land 20th Anniversary and Property Showcase 2016. Date/Time 16 - 18 September 2016 (Sunday) 10:00 AM – 5:30 PM Venue BM Utama Sales Gallery, Bukit Mertajam, Penang. PROGRAM HIGHLIGHTS ... Read More
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Ministry mulls proposal for developers to act as money lenders

The Urban Wellbeing, Housing and Local Government Ministry is mulling a proposal for housing developers to be issued a money lending licence to help non-bankable house buyers and overcome down payment issues. Tan Sri Noh Omar (pix), the Minister, said he observed many buyers having difficulty making down payments. "I ... Read More
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Affordable homes to be completed soon

The Bandar Cassia affordable housing project in Batu Kawan, Nibong Tebal, is already 77% completed to date. Penang Town, Housing and Country Planning Committee chairman Jagdeep Singh Deo said Phase One of the project featuring 520 low medium-cost and medium-cost units was ahead of schedule and the units would be ... Read More
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Innovative Marketing Schemes by Developers

According to property consultancy firm Knight Frank Malaysia’s Real Estate Insights research report, the challenging property market has led developers to adopt “push marketing” in order to boost sales of their projects. Among the notable ongoing marketing campaigns is Sunway Group Bhd’s “Sunway Property Certainty Campaign” that offers up to ... Read More
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BUCG dropped from undersea tunnel project

The Beijing Urban Construction Group (BUCG) has withdrawn from Consortium Zenith BUCG Sdn Bhd (CZBUCG) which is the developer for the RM6.3 billion proposed undersea tunnel and three paired roads projects in Penang. Chief Minister Lim Guan Eng said CZBUCG sought the approval from the state government to do so ... Read More
Property sales

Affordable housing in Penang to be key sales driver

AllianceDBS Research said the Penang property market has been facing challenging conditions since 2014 as property prices continue to rise, albeit at a slower pace. “We notice that transaction numbers have continued to extend its decline in 2016 and there is no sign of a recovery in the near term ... Read More
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Beacon Executive Suites – The “Smart” Move

First of its kind in Penang, BEACON is an innovative urban home designed to complement and enhance your lifestyle in line with the modern digital era. Not only it will be furnished and move-in condition, residents will also enjoy access to wide range of cutting edge lifestyle, security and smart ... Read More