Property News
Pulau Jerejak development plan
Two month ago, the Penang Island City Council (MPPP) announced that it has given the approval to developer Tropical Island Resort Sdn Bhd to demolish existing building structures on a 80 acres site on Pulau Jerejak to make way for redevelopment of the islet off the eastern coast of Penang ... Read More
Steering the course for Penang – Penang Transport Master Plan
Newly appointed Penang Chief Minister (CM) Chow Kon Yeow is not an unfamiliar face in the state. When Lim Guan Eng who is now the country’s Finance Minister, was the CM, Chow had held the Local Government, Traffic Management and Flood Mitigation portfolio for two terms. He is now chairman of the ... Read More
Special master plan to develop southwest district
The state government will ensure that development in each district is enjoyed by the people, said Chief Minister Chow Kon Yeow. Chow said for that purpose, he suggested that a special master plan for each district be developed especially the southwest district. According to him, the state government does not ... Read More
Penang mulls reintroducing Rent-to-Own scheme
Penang government is planning to re-introduce the Rent-to-Own (RTO) scheme to assist the low income group to own houses in the state. Chief Minister Chow Kon Yeow said the matter has been raised in the first state executive council's meeting recently and three housing projects have been identified as "suitable" ... Read More
First Penang PR1MA Project to begin end of this year
After a three year delay, Penang’s first 1Malaysia Peoples’ Home (PR1MA) project will begin construction by the end of this year. State Local Government, Housing and Urban and Rural Planning Committee chairman Jagdeep Singh Deo said the project had been given the green light by the Penang Island City Council ... Read More
Chow hopes LRT project is implemented within five years
Penang Chief Minister, Chow Kon Yeow is targeting for the Light Rail Transit (LRT) project under Penang Transport Master Plan to begin during his tenure. Chow said the LRT project would take a longer time to complete in Penang but he hoped to see the project commence within five years ... Read More
Foreigners can own heritage property in Penang
Foreigners are allowed to buy up the over a century-old shop houses within the Unesco World Heritage enclave, said Chief Minister Chow Kon Yeow. He however said they must adhere to guidelines on conservation and preserving the properties. Chow said the state welcomes investors, who are keen to participate in ... Read More
Desire – A new selection of homes by Mah Sing Group
Introducing the 'Desire' campaign, where new selection of ready made homes are available with ready to move in condition, affordable financial packages, developer assured quality and great furnishing packages. Check it out! CLICK HERE to find out more about the 'Desire' campaign ... Read More
PR1MA houses to be rebranded and built in Penang
The 1Malaysia People's Housing Project (PR1MA) will be built in Penang after it has been given a new name, said State Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo. Bernama reported that Jagdeep had proposed to Prime Minister Tun Dr Mahathir Mohamad for PR1MA be changed to Harapan Malaysia People's Housing ... Read More
Govt to review bank loan terms for first-time home buyers
A new mechanism will be introduced to ease the bank loan application process for young Malaysians to buy their first property, Prime Minister Tun Dr Mahathir Mohamad said today. He said the current terms and conditions set by banks are too strict. “We found that banks are too strict with ... Read More
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