Property News

Overhang residential units in Penang up by 44%
Malaysia is entering 2019 with unsold completed residential units rising to 30,115 units as at Sept 30, 2018, an increase of 48.35% from the 20,304 units a year ago. According to the Valuation and Property Services Department’s (JPPH) latest figures released on Saturday, the total value was RM19.54bil, a 56.44% ... Read More

The Park @ Mak Mandin affordable housing project to be ready next year
Buyers of The Park @ Mak Mandin can soon rejoice when their affordable housing project completes end of next year. Property developer Silver Channel Sdn Bhd said the development of the project was currently on track. State Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh said he ... Read More

Magical Christmas Party held at Southbay Sales Gallery
As Christmas is just around the corner, Mah Sing hosted a Magical Christmas Party for the public at its Southbay Sales Gallery, Batu Maung over the weekend. Themed after Fairy Fantasy, the sales gallery was decorated with fairy lights, magical arches and colourful props to create a celebrative ambience for ... Read More

Refer & Reward: Earn up to RM38K in incentives
Stand a chance to earn up to RM38,000 in cash by referring your family members, friends or colleagues to Mah Sing. You will be rewarded when they purchase a selection of the Group’s completed homes and commercial spaces nationwide. This Refer N’ Reward schemed is open to public. Valid until 31 December ... Read More

Developer to contribute RM120K for each LMC unit they do not build
There are more applicants for affordable housing units on the island than on the mainland (Seberang Prai) in Penang, according to Chief Minister Chow Kon Yeow Therefore, it is imperative for developers to try to fulfill the demand on the island first, said Chow. As of October, there were 43,052 ... Read More

10 Projects you can buy in Penang Island under RM500K
Having a budget of only RM500,000 to buy a property in Penang Island? Consider these 10 attractive projects in 8 different locations (in no particular order)... The Zen Condominium (Bayan Mutiara) Undertaken by Asia Green at Bayan Mutiara. This development is just a short drive away from Penang World City integrated ... Read More

Mah Sing set to sell properties online with Lazada
Mah Sing Group is set to become the first developer in South-East Asia to sell its properties online under a partnership with e-commerce company Lazada Malaysia. To attract buyers, the company is also offering cash incentives of up to RM30,000. “Over half of the Malaysian population are shopping online, so ... Read More

Utility firms to pay for own facilities, not developers
Utility companies will have to pay for the building of their respective facilities at affordable housing schemes, and bear the costs, under a guideline of the upcoming National Housing Policy (NHP) 2.0. Housing and Local Government minister Zuraida Kamaruddin said there will be a guideline under the affordable housing sub-policy ... Read More

IKEA Batu Kawan opening on 14 Mar 2019
With the announcement made during the first ever annual Ikano Centres Tenant Engagement Event in Kuala Lumpur, the progress of IKEA store at Batu Kawan is now ahead of schedule and will open two weeks earlier - 14 March 2019. IKEA Batu Kawan will offer well-designed, functional home furnishing products at ... Read More

Eco Meadows Grand Premier
Eco Meadows achieved another milestone last Saturday with the handing over of Phase 1, comprising 375 units of double storey terraced homes featuring classic architecture inspired by the stately English royal house. “We are extremely excited and delighted to welcome our first residents to Eco Meadows, EcoWorld’s first project in ... Read More
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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