Property News

Condos in Penang that are flourishing
Despite the sluggish market, property investors in Penang can take comfort in reports of capital appreciation in the state. Data collected by the National Property Information Centre’s (Napic) Property Market Report 2015 showed that out of 30 condominium projects in Penang, 11 saw price increases from 2014 to 2015. Of ... Read More

No decision yet on moneylending policy review
The Urban Wellbeing, Housing and Local Government Ministry is still undecided on the review of a moneylending policy for property developers although it has been over a month since the idea was mooted. On Sept 8, Urban Wellbeing, Housing and Local Government Minister Tan Sri Noh Omar said eligible property ... Read More

3 Reasons WHY the Property Market deserves to Slowdown
* Article by Freemind Works * Since the start of the year, the real estate market has somewhat quiet down. Many asked my view of the market moving forward. Here it is. It’s time the market consolidated and we reflect on what happened these past years. We experienced one of ... Read More

Bank Negara suggests broader alternatives to home ownership
Bank Negara Malaysia said developing broader home ownership alternatives, including a well-functioning rental market, was deemed a policy priority to protect homebuyers from financial hardship. In a statement today, Bank Negara said the suggested need for alternatives showed the adverse consequences poorly designed incentives to increase home ownership could have ... Read More

6 Proposed Projects at Sungai Ara in 2016
Interested to know what's coming in Sungai Ara? Here are a list of newly proposed projects at Sungai Ara in 2016. These projects are still in their planning stage. Project name and launch date has yet to be confirmed. 1. Potential Dual Sdn. Bhd. Affordable housing development by Potential Dual Sdn. Bhd. at ... Read More

Encorp selling Batu Ferringhi land to Selangor Dredging Bhd (SDB)
Encorp Bhd is selling 2.33ha of freehold land in Bandar Batu Ferringi, Penang to Crescent Consortium Sdn Bhd for RM25 million, Bernama reported yesterday. In a filing to Bursa Malaysia yesterday, the company said the disposal will enable Encorp to unlock its capital from being tied up as long-term assets, ... Read More

Putrajaya in discussion with EPF for higher housing withdrawal plan
The federal government is studying the possibility to allow first-time home buyers to withdraw more money from their Employees Provident Fund (EPF) account to finance their affordable house purchases. "That is a very good suggestion," described Minister of Finance II Datuk Johari Abdul Ghani, as it could allow EPF members ... Read More

More calls for housing goodies from Budget 2017
Matrix Concepts Holdings Bhd (MCHB) is the latest property developer to join the call for more incentives for first time buyers of affordable homes in the upcoming Budget 2017. Although the demand for affordable housing exceeds supply, difficulties in getting financing and unattractive locations have deterred many house buyers from ... Read More

An eye for Penang’s prime locations
Hunza Properties Bhd is undertaking RM1bil worth of projects in strategic locations on Penang island and in Seberang Prai, where the value of properties has risen steadily for the past five to six years. The projects now under construction are the RM600mil Alila 2 in Tanjung Bungah, and the RM400mil ... Read More

Utropolis Batu Kawan open for booking soon!
At the very centre of Penang's new CBD and Lifestyle Hub, Utropolis Batu Kawan is a 44.15-acre self-contained integrated development comprising offices, retail shops, residences, hotel and KDU Penang University College. The commercial component, comprises retail shops/offices, will be opened for booking soon. Register for early bird preview now! Click ... Read More
Weekly Newsletter
Latest Projects
TODAY'S MOST READ
RECENT COMMENTS
- 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
- Pity to Breeza owners... with this new condo, left right all block. ...thomas on Eight & Eight Condominium
- How to apply affordable housing and what is the criteria? Kindly help to let me...Thomas on Suria 2
- Nice project ...VH on Taman Seri Valdor
- Where is KDU University College’s new campus being developed? ...Sains Data on University Metropolis @ Batu Kawan
- @Billionaire I think he's being sarcastic. He obviously stating all the false stuff. Maybe another...Hee Chan on Twin Star
- On foreign labour, Chow reaffirmed the state’s commitment to responsible planning. Centralised Labour Quarters (CLQs)...David on Penang has enough land to sustain industrial growth
- @Ong May I know the PN4 price? ...Raymond on Ari Altitude
SHOW MORE COMMENTS
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