Property News

AVC signed MoU with Marriott International for upcoming hotel in Batu Kawan
Aspen Group and IKEA Southeast Asia, the joint venture partners for Aspen Vision City has yesterday signed a Memorandum of Understanding (MoU) with Marriott International, appointing Aloft Hotel as the hotel operator in the world class master planned development- Aspen Vision City in Batu Kawan, Penang. The announcement was made during ... Read More

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 24 November 2018. Event Date: 24 Nov 2018 (Sat) Time: 10.00am – ... Read More

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 to the government at a mutually acceptable price. State Housing, ... Read More

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 would open more routes and more effective transportation networks by ... Read More

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 executive councillor Jagdeep Singh Deo (DAP-Dato Keramat) said under the scheme, the ... Read More

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 packages for selected E&O landmark properties in Penang, Iskandar Malaysia ... Read More

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 for the island two years ago, adding that this had ... Read More

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 its door to the public on Nov 22 after an ... Read More

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 nothing to say that it’s an ownership scheme. “With the ... Read More

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 prices here. He also urged Penang to apply big data ... Read More
Weekly Newsletter
Latest Projects
TODAY'S MOST READ
RECENT COMMENTS
- @ForeverSeaView PIX1 is much better at least with fix time clock alarm. Queens probably is...millionaire on PIX 1 Residences
- @J.koo Hahaha... free midnight alarm clock. Not bad. ...ForeverSeaView on PIX 1 Residences
- @Koja RIP to those owners then. For that small little sea view that won't last,...ForeverSeaView on The Cube
- lol sounds like the currency in ragnarok online ...jack on M Zenni
- yeah right, expect 1 hour to clear the first junction when leaving for work in...Oh nice on SkyWorld Pearlmont
- trade in density for the affordability. 5700 units in total with 100+ shop units and...BTW on SkyWorld Pearlmont
- Thats why bro, skyworld pigeonhole projects in kl and setapak, looks like battery chicken, now...Goppal Balan on SkyWorld Pearlmont
- @millionaire I concur. Such baseless allegations. ...Justice League on Lumina Residence
- Hebat ...Minion on SkyWorld Pearlmont
- profit maximization of the highest degree, can't believe this is approved, even the birds can...Oh nice on SkyWorld Pearlmont
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