Property News
PIL 1, LRT to be approved soon
The Pan Island Link 1 (PIL 1) and the Light Rail Transit (LRT) projects are at “the tail-end” of securing the necessary approvals, Chief Minister Chow Kon Yeow said. He said the state government has been working with SRS Consortium to finalise the master agreement for the two major components ... Read More
Penang plans a RM10m resort and spa in Batu Ferringhi
The Penang state government is working with a private company to develop a RM10 million coastal resort and spa in Batu Ferringhi, Chief Minister Chow Kon Yeow said. He said this was to develop another tourism product for the state. In his speech for the state’s 2020 budget, he said ... Read More
HOC will not integrate with MM2H
The government has no plans to integrate the Malaysia My Second Home (MM2H) programme with the Home Ownership Campaign (HOC), as the two schemes have different objectives, said the Housing and Local Government (KPKT) Minister Zuraida Kamaruddin. “Both programmes have different objectives and target segments: One is targeting Malaysians with ... Read More
SITE PROGRESS: Imperial Grande (Oct 2019)
About Imperial Grande A mixed development by Modular Platinum Sdn. Bhd. (Ideal Property Group) in Sungai Ara, Penang. It is located along Jalan Fettes, surrounded by Iconic Skies, Gardens Ville and Imperial Residence. This development will offer a mix of landed and high-rise properties, with 2 level of shop offices ... Read More
MAPEX – Home Ownership Campaign 2019
MAPEX has been one of the feasible platforms in gathering interest for property purchasing as the previous venture made a grossing sales of RM300 million, with more than 200 applicants in salvaging government-linked homes. As the Co-Organizer of MAPEX, Property Queen’s dedication and commitment ensuring home ownership among Malaysians will ... Read More
Strata property owners laud court’s decision on flat rate
About six million Malaysians who live in strata properties will “benefit” from a Court of Appeal ruling that all owners in mixed development strata properties pay maintenance rates based on a fixed formula. “It is not only high-rise buildings but also gated and guarded communities that have strata titles,” said ... Read More
Councils to start hearing assessment rate objections today
The first hearing session of the new 2020 assessment rate objections for both councils in Penang will be held starting tomorrow (29 October 2019). State Housing, Town, Country Planning and Local Government Committee chairman Jagdeep Singh Deo said the hearing of the objections would be held by the assessment appeal ... Read More
Rent first until financially ready to buy homes
Unaffordable housing remains unresolved, and the younger generation might need to lower their expectations and consider renting instead, industry experts said. The housing problem is centred on soaring prices of properties that are incompatible with people’s income, thus diluting affordability. National House Buyers Association honorary secretary-general Datuk Chang Kim Loong ... Read More
BNM: Houses in Malaysia ‘seriously unaffordable’
Houses in Malaysia are considered “seriously unaffordable” by international standards, a Bank Negara Malaysia official said. According to the median multiple methodology developed by Demographia International and recommended by the World Bank, United Nations and Harvard University, a house is deemed affordable if it is priced not more than three ... Read More
SITE PROGRESS: Sanctuary Ridge (Oct 2019)
About Sanctuary Ridge The 4th phase of residential development at Permatang Sanctuary by IJM in Alma, Bukit Mertajam. Strategically located within an established neighbourhood, about 15-minute drive from Juru Auto-City and Penang Second Bridge. It is about 2km away from AEON Mall and Tesco Hypermarket. Find out more about Sanctuary Ridge ... Read More
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- may I know,is that this year can get key?It take very long year to build...ertan on Mertajam Heights
- @Minion Seaview & good location. Developer should include affordable house unit in Queens waterfront. Same...Ryu on Queens Residences Q3
- But for affordable housing starts at which level for carpark? Level 5? And if i...Tanjinhow on The Cube
- LL : @millionaire but none of the affordable is able to provide the same...Minion on Queens Residences Q3
- @Tanjinhow Good luck. Hehe. Luckily I bought Twin Star. ...KY on The Cube
- @Tanjinhow Nowadays car park allocation done when project launch. Which means when u choose a...millionaire on The Cube
- @Tanjinhow good luck in your car petrol and tyre maintenance ...LL on The Cube
- Goosh mine at level 8, how do they decide which floor the carpark should be...Tanjinhow on The Cube
- Interesting, who is the contractor that got the project? is it the same that does...Tokong Bagan on Penang’s North Coastal Paired Road to begin construction in 2026
- @millionaire but none of the affordable is able to provide the same amenties and luxury...LL on Queens Residences Q3
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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
