Property News
No increase in cement prices
There will be no increase in the price of cement, says Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail. The minister said the decision was made following a meeting with industry players on Tuesday (June 18). “I have been meeting with the stakeholders for the past few ... Read More
Penang govt welcomes Federal’s willingness to consider funding for PTMP
The Penang government will be submitting its application to the Federal Government to seek an allocation to fund the Penang Transport Master Plan (PTMP) once the necessary approvals are obtained. Chief Minister Chow Kon Yeow said the state welcomed the statement by Finance Minister Lim Guan Eng who had said ... Read More
Concern over 40% hike in cement prices
The business community in Penang have raised concerns to the Finance Ministry over the 40% price hike in cement. Real Estate and Housing Developers’ Association Penang chapter chairman Datuk Toh Chin Leong said the increase would affect property prices. He said they were worried that the price hike could be ... Read More
PTMP and PSR would not be scrapped at all cost
Mega projects planned for the state, such as the RM46 billion Penang Transport Master Plan (PTMP) and Penang South Reclamation (PSR), may be modified, scaled down or even reviewed depending on the situation and change in circumstances. Chief Minister Chow Kon Yeow, however, insisted that both projects would not be ... Read More
MAPEX – Home Ownership Campaign 2019
For those of you who want to enjoy the benefits of what the HOC 2019 campaign has to offer, it’s not too late! Make your way to the Malaysian Property Expo (MAPEX-HOC 2019) at Gurney Plaza Penang from 20th June – 23rd June 2019! Organized by the Real Estate and ... Read More
Scientex buys land to expand property development to Penang
Scientex Bhd is buying six parcels of freehold land measuring 7.83 million square feet in Penang to expand its land bank for property development activities to the north from the southern part of Peninsular Malaysia. These land banks are located less than 5km away from Setia Fontaines mega township development ... Read More
Penang rolls out rent-to-own houses
The Penang government is encouraging more people to own homes through its rent-to-own (RTO) scheme. State Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the state was happy to introduce the RTO scheme to those who could not afford to even buy low-cost homes, due ... Read More
Penang govt denies second airport proposal
Chow said that as of now, the state government is proceeding with a plan to commission a study on the future needs of the existing Penang International Airport (PEN) and its surroundings. Nevertheless, he said that the state government is open to proposals for a second airport in the state ... Read More
Penang among best places in Asia to visit
CNN International’s new travel website (CNN Travel), has named Penang as one of 17 Asia's best destinations to consider for the next adventure. The article, published yesterday, singled out Penang as a mecca for food and architecture lovers. it was written by Kate Springer, a Hong Kong-based freelance writer and ... Read More
The Ship Campus – Progress Update (June 2019)
Located within the vicinity of One Auto Hub at Batu Kawan, The Ship Campus is a new university campus under construction for Peninsula College. It is designed like a ship and able to accommodate about 5,000 students. Take a sneak peek at the construction site to see just how much progress has ... Read More
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RECENT COMMENTS
- @Minion Developer is not purchasing it at premium price. This is an exchanging deal with...Ryu on Merione Residences
- Ryu : @Minion No related to work hard or not. Even through is affordable...Minion on Merione Residences
- @Ryu Developers are all born greedy, not surprising. But when state government not regulating them...SIA-Pilot on Merione Residences
- @BTW I think this is not affordable unit, just a regular condo project. For this...chuah on Sejahtera 113
- 20 over years talk for Penang LRT to start. I believe it will take more...BTW on Butterworth KTM Station set for major upgrade under RM30mil MOT plan
- huh. now the base price for affordable units are more than 400k? ...BTW on Sejahtera 113
- Ryu : Where is the affordable house plan of The light city? Nothing to...Gemini on Merione Residences
- @Minion No related to work hard or not. Even through is affordable house we still...Ryu on Merione Residences
- Ryu : Where is the affordable house plan of The light city? Nothing to...Minion on Merione Residences
- Hi everyone, is there any owners WhatsApp group created already? ...Clark on London Pavilion
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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
