Property News

E&O launches final batch of landed homes at Seri Tanjung Pinang 1
Eastern and Oriental Bhd (E&O) launched its final batch of landed residential properties at Seri Tanjung Pinang 1 here, yesterday. The final release comprises just 35 units of terraced houses in the second phase of Ariza Seafront Terraces. The 2.5-storey freehold terraced houses have built-ups ranging from 3,236 sq ft ... Read More

Malaysia’s affordable housing undersupply may ‘worsen’
The undersupply of affordable houses in Malaysia may worsen, given current income and demographic factors, according to Bank Negara Malaysia's 2016 Annual Report. Bank Negara said since 2012, the increase in house prices in the country had outstripped the rise in income levels. "Consequently, prevailing median house prices are beyond the ... Read More

Gurney Drive listed among best streets to visit around the world
Penang has made the tourism headlines again after Gurney Drive was listed in the "Best streets for tourists to visit around the world: 25 to see before you die" list by Traveller, an Australian travel resource. Gurney Drive was in 13th place which is sandwiched by Hollywood Road in Hong ... Read More

Eco World plans to launch Eco Sun and Eco Horizon this year
Property developer Eco World Development Group Bhd is confident of hitting its sales target of RM4bil this year after securing more than RM900mil in the first four months of the company’s current financial year ending Oct 31, 2017. President and chief executive officer Datuk Chang Khim Wah said sales this ... Read More

Foreigners can only buy landed properties above RM3m in Penang island
Foreigners buying landed properties in Penang island can now only do so if the property is priced above RM3 million. The Penang government has agreed to halve the approval fee for foreign purchasers of some stratified properties on the island from three per cent to 1.5 per cent. The reduction ... Read More

Property transaction fees up
The sale and transfer of property valued at RM500,000 and below will now be subjected to a 1% conveyancing fee. Taking effect today, it came about with the revision of the fee structure in the Solicitors’ Remuneration Order by the Bar Council last year. The revision, which was approved by ... Read More

Penang developers plan mega projects
The economic climate has not deterred developers from planning multi-billion ringgit projects in Penang. The general consensus is that the current slow period is part of the property cycle and not something sinister like the 1997/98 Asian Financial Crisis. In time, the situation will turn around and they are preparing ... Read More

Komtar to have world’s tallest mural soon
Five Malaysian artists are set to make their way into the Guinness Book of Records soon for painting the world's tallest mural on Penang's Komtar tower. The World's Tallest Mural project, which is sponsored by Only World Group (OWG), will see the artists attempting to paint a colossal homage to ... Read More

20 Most Active Projects in Penang (Jan & Feb 2017)
Property transaction has undeniably indicated a downtrend pattern for past few years. However, people’s obsession with home ownership did not exhibit any declining effect. In fact, we experienced consistent upsurge in our pageviews. By comparing our Jan & Feb 2017 traffic vs the same period in 2015 and 2016, approximately ... Read More

5 things to note about buying property on the secondary market
If you are looking for a ready, more secure and less speculative type of property, you would probably look at the secondary market first rather than those that are still under construction offered by housing developers. While the costs of entry are higher in the secondary market compared to buying ... Read More
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- @Joey Hi Joey please add me in whatapps group. email yxboy88@gmail.com ...yx on Grace Residence
- @Minion Sorry. Even I afford 1.2M landed but still I prefer condo because brand new...Wilson Ooi on 80% of Gen Z Malaysians opt for high-rise living
- Finally a human with brain speaking. This is by far the biggest effort the government...ForeverSeaView on Incentives for “Build-Then-Sell” housing model to be announced soon
- @rojak Actually, you can find smaller build up size landed house in penang island too,...greg on 80% of Gen Z Malaysians opt for high-rise living
- Thanks ...Selvaraj on PROPOSED: 37-storey mixed development in Seberang Jaya
- @ck After CCC, resident can request to switch off. ...millionaire on Mezzo @ The Light City
- andrew : @millionaire Quaywest & COD? Please, they really look like some pariah indian...Asas on Mezzo @ The Light City
- @millionaire eye sore bcuz this is for residential.. PWCC colorful ok la... mezzo no need...ck on Mezzo @ The Light City
- awesome awesome awesome...... ...Goppal Balan on Penang River Cruise offers wildlife and cultural encounters
- Wilson Ooi : @Minion My affordability is low & no money or downpayment. That’s...Minion on 80% of Gen Z Malaysians opt for high-rise living
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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