Property News

Is affordable housing a good investment in Penang?
Affordable housing has been the key growth driver for Penang residential property sector in the past two years. Today there are already 17 projects under construction while at least 26 more are in the pipeline. Aiming to stimulate the sale of affordable housing, the developers are allowed to sell 30% of ... Read More

Penang homeowners get assessment exemptions for 2017
Penang property owners will receive massive savings on their assessment rates for next year, the Pakatan Harapan state government announced today. Chief Minister Lim Guan Eng said low- and medium-cost homeowners as well as those living in kampung houses will be fully-exempt from payment while other property owners, including commercial, ... Read More

Batu Kawan’s future potential
Batu Kawan, Penang has been on the lips of property investors over the past few years ever since it was touted to be an emerging real estate hotspot in the northern region of Peninsular Malaysia. Made up of over 6,000 acres of mainly freehold land, the area is located off ... Read More

EcoWorld to launch new townships in Penang
Eco World Development Group Bhd (EcoWorld) is aiming for an even higher sales target for its 2017 and 2018 financial years after having met its sales target of RM4 billion in FY2016 ended Oct 31, 2016. The developer recorded RM4.01 billion of sales in FY2016. Its Malaysian projects contributed RM3.402 ... Read More

Ensuring affordable homes for Penang folk
As main cities in the country continue to urbanize, the provision of affordable homes remains a major concern. Penang is no exception. Currently with a population of 1.66 million, Penang is one of the most populous states in the country and remains a highly desired location for property growth and ... Read More

Rainbow Skywalk set to open at Komtar
Only a lucky few have ever been to the top of Komtar since it was completed over three decades ago. Now, 68 floors and at almost a quarter of a kilometre from the ground, it has the highest skywalk in the country. The Rainbow Skywalk is a semi-circle glass path ... Read More

Aspen Group investing in next gen technology
AG Innovation Sdn Bhd (a subsidiary of property development and real estate investment company Aspen Group) is collaborating with IBM Malaysia Sdn Bhd to create the first comprehensive cloud infrastructure and technology services platform in Malaysia. The cloud innovation platform, hosted in Penang, is designed to serve local and international ... Read More

Review of Penang Structure Plan 2020
An “inspection report” for the review of the Penang Structure Plan 2020 (PSP 2020) will be up for display to get public feedback from today until Jan 31. Chief Minister Lim Guan Eng said the draft of the finalised PSP 2020 would be open for display again in the first ... Read More

Waterside Residence at The Light, Penang launching soon from RM749,000
IJM Land Bhd, the property development arm of IJM Corp Bhd, will launch the Waterside Residence at The Light in Penang sometime in December. The Waterside Residence is the first residential tower of The Light Waterfront phase 2, with an estimated gross development value (GDV) of RM240 million. Situated on ... Read More

Penang SkyCab is on track to start work in 2018
Penang is a step closer to having a cable car system traversing the channel between the island and the mainland, as the project has received a nod from the Department of Environment (DoE). State Public Works, Utility and Transportation Committee chairman Lim Hock Seng said the DoE has granted its ... Read More
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- It will be years of hell during construction. Surely the bypass should be used to...Putra on Sungai Dua–Juru elevated highway project set for November groundbreaking
- @andrew Bro, your mouth smell like chibai. ...logan on Mezzo @ The Light City
- @Minion Then? Full stop already? Share us how you measure it. In Penang, condo is...millionaire on 80% of Gen Z Malaysians opt for high-rise living
- @andrew At least better than Mezzo. Please la switch it off.. ...millionaire on Mezzo @ The Light City
- @millionaire this is not how you measure the price of landed property compare to condo....Minion on 80% of Gen Z Malaysians opt for high-rise living
- @millionaire Quaywest & COD? Please, they really look like some pariah indian disco!!! ...andrew on Mezzo @ The Light City
- @Minion My affordability is low & no money or downpayment. That's why end up in...Wilson Ooi on 80% of Gen Z Malaysians opt for high-rise living
- @rojak Yes. Exactly. Condo is very expensive. Small & high price psf. Even westin &...millionaire on 80% of Gen Z Malaysians opt for high-rise living
- @Islander It's true lah bro. Let's compare high-end at Tanjung Tokong, E&O's latest landed homes...rojak on 80% of Gen Z Malaysians opt for high-rise living
- @ck Where eye sore? Quaywest & Cod are well design & really amazing to see...millionaire on Mezzo @ The Light City
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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