Property News

Idyllic homes in garden township
In the last pristine corner of Penang island, a piece of old Penang is being recreated — a township with lush tropical landscapes that soothe and rejuvenate. With spacious grounds for children to freely run and play in, Botanica.CT in Balik Pulau is where one finds absolute peace of mind ... Read More

Building under construction in Tanjong Tokong catches fire
A building still under construction (Tri Pinnacle) at a site in Tanjong Tokong caught passers-by and motorists off guard after smoke started billowing from the premises. The Bagan Jermal Fire and Rescue Department fire station received a distress call about 5.30pm yesterday on the incident as thick smoke could be ... Read More

Queens Residences – Progress Update (April 2018)
Queens Residences is an on-going waterfront development by Ideal Property Group at Bayan Bay. It is strategically located next to Queensbay Mall, facing Jerejak Island. The project will be developed on the reclaimed land in four phases, comprising more than 2,100 residential units. If you are one of the proud owners ... Read More

Home buyers must be heard before extension of time is applied
The Ministry of Urban Wellbeing, Housing and Local Government must give home buyers the right to be heard before developers are given an extension of time (EOT) to complete a project, the Court of Appeal ruled today. The landmark decision will have far-reaching consequences for homebuyers whose properties are delivered ... Read More

Houses become unaffordable as salary remains flat, says Rehda
The almost unchanged salary over the years is the reason why many are deprived of the luxury to own a house, said a national association for developers. The Real Estate and Housing Developers’ Association Malaysia (Rehda), which represents the interests of about 1,400 property developers, said there is a need ... Read More

Prangin canal to be rehabilitated, Sia Boey renewed
The RM6mil phase 1 of the Sia Boey Rejuvenation Project is expected to be completed in August. During the unveiling of the artist’s impressions of the project, Chief Minister Lim Guan Eng said phase 1 would see the rehabilitation of the Prangin canal, conservation of the old Prangin market and upgrading ... Read More

IKEA Batu Kawan – Progress Update (March 2018)
Opening in 2019, IKEA Batu Kawan will become the fourth IKEA store in Malaysia, with two in Klang Valley and another in Johor Bahru, Tebrau. This new store promises to satisfy Penangites’ hunger for affordable home furnishings – and those famous Swedish meatballs! Here is a quick update on IKEA ... Read More

Interest rate hike likely to affect demand in Penang
The property market in Penang is expected to contract by at least 10% this year compared with 5% in 2017 as a result of the overnight policy rate (OPR) been raised by 25 basis points to 3.25%. “You can argue that it is not a lot. If wages increase correspondingly ... Read More

Atta buys land in Penang to undertake mixed development
Atta Global Group Bhd is acquiring property development company Sungguh Gemilang Development Sdn Bhd for RM12 million. In a filing with Bursa Malaysia today, the metal recycler and trader of metal related products said the proposed acquisition is a strategic move in line with its proposed diversification into property development ... Read More

Penang Mainland is the next investment hub. Here’s why
* Article by Freemen * Following news reports on the decrease of transaction volume in the property market, many experts have been citing drops of it not only in Kuala Lumpur, but Penang as well. Penang is a state by itself, but the island and mainland have both very different ... Read More
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- The discussion of this property is quiet after now. Any owner here please comment life...Ellen on Southbay Plaza
- @Ivan Do you get any Whatapps group for Triuni Tower C? ...CS on Triuni Residences
- Good evening, All! Can anyone please advise the current status of the Urban Renewal (PSB)...DAVID CHAN CHIN CHYE on Penang delivers on housing promise with latest RMKu handovers
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- Affordable Housing (Penang Island)
- Butterworth Arena
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- Escape Penang – Eco Theme Park
- GBS @ The Waterfront
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- Gurney Wharf
- IKEA Batu Kawan
- Island Medical CIty
- Kobay Jelutong
- Lin Xiang Xiong Art Gallery
- Linear Waterfront
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- One Auto Hub @ Batu Kawan
- Penang Arts District
- Penang Eastern Seafront Development
- Penang Medical & Digital Technology Hub
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