The glut in homes priced below RM300,000 is due to their “wrong” locations, reiterates the National House Buyers’ Association (HBA). In response to calls made by the Penang Real Estate and Housing Developers’ Association (Rehda) for urgent measures to be taken to alleviate the current property glut, especially residential properties ... Read More

The Real Estate and Housing developers’ Association (Rehda) is optimistic that the newly launched Affordable Homes and Rumahku Portal fund by Bank Negara (BNM) will help boost home ownership within the country. REHDA president Datuk Soam Heng Choon said the fund had a low interest rate and would be especially ... Read More

Non-Penangites will now be able to buy affordable housing units here in a move by the state government to address the overhang situation. State Housing, Town, Country Planning and Local Government Committee chairman Jagdeep Singh Deo said affordable units that fall under the open market category would be up for ... Read More

Gong Xi Fa Cai! May the New Year brings you joy, happiness and good health always! Celebrate this Year of Earth Pig by visiting these open house organised by developers. Enjoy the refreshments, lion dances, kids activities, lucky draw ang pao, CNY gifts and live performances while searching for your ... Read More

Believe it or not, the Jelutong landfill is set to be Penang’s latest “real estate goldmine”, with a potential to generate a bonanza of at least RM1bil to the state this year. In land-scarce Penang island, development of the landfill is wonderful news and the state government will be raking ... Read More

Swedish home furnishing retailer IKEA is set to spread cheers leading up its store opening in Batu Kawan on 14 March 2019. Located at Bandar Cassia, this first IKEA store in the northern region is set to offer over 8,000 home furnishing products alongside a wide selection of Swedish and ... Read More

It was another slow year for Penang housing market in 2018 with no significant improvement in market sentiment. While the data published by NAPIC indicated a slight increase of 4% in residential property transaction volume, the average transacted price for the residential segments saw a slight drop of 3% in ... Read More

One Foresta, a premium affordable home by Penang Condo King - Ideal Property Group, has been fully completed to provide the one-of-its-kind lifestyle and high-quality residence for Penang home buyers. The Penang State Government launched the affordable home campaign in 2013 to assist Penangites especially the younger generation to buy ... Read More

Jalan PSPN (Penang Science Park North) 2 is now open for traffic as an alternative route to enable traffic from Batu Kawan and Bukit Tambun to continue to Juru using the passage way to the Bukit Tambun toll plaza. The newly opened road is 30m wide with a three-lane dual ... Read More

Ewein Bhd is looking to launch the second phase of its maiden project -- City of Dreams next year (2020) following the completion of the first phase by the end of this year. Dubbed City of Dreams 2, Ewein Bhd group founder and managing director Datuk Ewe Swee Kheng told ... Read More