SITE PROGRESS: Ferringhi Hills (Sept 2023)
About Ferringhi Hills A landed residential development within the established township of Batu Ferringhi. It is located along Persiaran Sungai Emas 1, only 10 minutes walk to Ferringhi Beach. It will feature a mix of 3-storey terrace (with lower-ground level) and semi-detached, bungalow houses, to be constructed in two phases. Find ... Read More
Vacancy tax possible answer to property glut issue?
The implementation of a vacancy tax could be a key factor in addressing the issue of vacant and unsold housing units across Malaysia. Khazanah Research Institute’s Theebalakshmi Kunasekaran said this tax is imposed on housing units that remain unoccupied or unused for a certain time period. It is usually calculated ... Read More
Penang LRT project included in 12th Malaysia Plan (12MP)
Ten new transportation projects have been included in the 12th Malaysia Plan (12MP) including the Penang light rail transit (LRT) project. During the presentation of the mid-term review of the 12MP, Prime Minister Datuk Seri Anwar Ibrahim said the government emphasised the development of sustainable and resilient transport and logistics ... Read More
Weak monitoring of housing development accounts among factors contributing to problematic projects
Housing development account (HDA) weaknesses in monitoring and management procedures are among factors identified as contributing to problematic housing projects. Deputy Local Government Development Minister Akmal Nasrullah Mohd Nasir said HDAs are under the Housing Development (Control and Licensing) Act (Act 118), where the law requires licensed housing developers to ... Read More
SITE PROGRESS: Savana @ Utropolis (Sept 2023)
About Savana @ Utropolis This is the fourth phase of Paramount Property’s Utropolis development at Batu Kawan. Located along Jalan Cassia Barat 2, adjacent to Sensasi and Sinaran Residences. It is less than 5 minutes’ walking distance to Design Village outlet mall and UOW MALAYSIA KDU Penang University College, with easy ... Read More
Rehda lauds Local Government Development Ministry’s proposal to introduce special urban renewal law
The Real Estate and Housing Developers’ Association (Rehda) Malaysia welcomes the announcement by Local Government Development Minister Nga Kor Ming on the proposal to introduce a new law to oversee urban regeneration efforts in the country, according to a statement issued by Rehda president Datuk NK Tong on Thursday. The ... Read More
Bank Negara maintains OPR at 3%
Bank Negara Malaysia has decided to maintain the overnight policy rate (OPR) at 3% following its two-day Monetary Policy Committee (MPC) meeting that ended today. In a statement, the central bank said at the current OPR level, the monetary policy stance remains “supportive of the economy” and is consistent with ... Read More
Strong demand for first phase of Penang Technology Park in Bertam
Ideal Capital Bhd has signed sales and purchase agreements (SPAs) with 23 local and foreign companies to occupy about 35% of the first phase of the Penang Technology Park (PTP) in Bertam. Based on the current market price of RM65 and RM90 per sq ft for industrial properties in North ... Read More
Gurney Bay Phase 1 set to open by year-end
A total of 4,541 trees will be planted at Gurney Bay, with 1,500 trees for Phase 1 and the remaining 3,041 trees for Phase 2. Local Government and Town and Rural Planning Committee chairman H’ng Mooi Lye disclosed that so far 310 trees, which is over one-fifth of the Phase ... Read More
Penang’s residential prices grew 5.78% in 1H2023, 2nd best in Southeast Asia
Residential prices in Penang grew 5.78 per cent year-on-year (YoY) making it the second-best performing city in Southeast Asia, according to Knight Frank Asia-Pacific. Kuala Lumpur on the other hand, saw residential prices increase by 0.34 per cent. This was part of the findings of Knight Frank APAC's Asia-Pacific Residential ... Read More
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TODAY'S MOST READ
RECENT COMMENTS
- Prepare after 2 Years DLP, maintenance to increase ...MajorArches on 270 families received offer letters for affordable home at Foreshore Apartment in George Town
- @Juf Now only I know Penang got so ''plenty of people" got nothing to do...millionaire on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- Now this joker is building Twinstar. good luck to the buyers. ...Jeff on The H2O Condominium
- asked about the project already. lousy spec. ...Jeff on Twin Star
- @Chris Worse of all FTZ, only 2 exits. ...Islander on Penang unveils IC design park plan in Bayan Lepas
- when will it launch? or it already launch? got show room? where? ...Jeffrey on Twin Star
- All i can say is good luck to the traffic around FTZ Phase 4 ...Chris on Penang unveils IC design park plan in Bayan Lepas
- @millionaire I believe you don't get my meaning. The lobby is very much accessible to...Juf on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- same developer as H20 Condo. don't expect will appreciate ...Kris on Twin Star
- @Juf If outsider follow someone to enter Queens lift lobby just to enjoy free air...millionaire on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
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Latest Property News
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