The upgrade of the federal road FT006, from Teluk Kumbar to the Penang International Airport (LTAPP), near here, which costs RM390 million, is expected to be completed this December. Penang Umno liaison committee chairman Datuk Seri Zainal Abidin Osman said the road would be made fully open to road-users early ... Read More

We have found yet another job posting by IKEA Southeast Asia for their first IKEA store in Penang. From the latest job posting, it seems IKEA is now targeting to open their new store in Penang by 1st quarter of 2019. The company is now looking for a Deputy Store Manager, ... Read More

More than half of Malaysians surveyed want to own a home within the next six months, according to the Real Estate and Housing Developers’ Association Malaysia (Rehda). However, stringent lending rules continue to be a major deterrent, association president Datuk Seri F D Iskandar said. In a poll of 1,655 ... Read More

The excess in supply of residential properties is expected to clear in three to four years, paving the way for a recovery in the property market, says housing industry experts. The new National Information Property Centre (Napic) 2016 report shows that the incoming supply of residential properties has inflated to ... Read More

Property developers have warned that home prices may rise following the government’s recent move to slap a safeguard duty on the import of certain steel products for three years. If the safeguard duty leads to a rise in steel prices, Real Estate and Property Developers’ Association (Rehda) president Datuk Seri ... Read More

House prices have remained steady despite a slowdown in property sales and a huge overhang of unsold units. According to the Valuation & Property Services Department’s (JPPH) Property Market Report 2016, prices of residential property continued to grow, albeit moderately despite the current market glut. “The Malaysian House Price Index ... Read More

The Environmental Impact Assessment report for the reclamation on Penang island’s southern coast will be submitted to the Department of Environment by the end of this month. State Local Government, Traffic Management and Flood Mitigation Committee chairman Chow Kon Yeow said the report would comprise various studies on the impact ... Read More

The Penang government has decided to postpone its decision to raise the contribution fee by developers who fail to build low-cost and low medium-cost housing until the year-end. State Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the state received complaints from Penang Real Estate and Housing ... Read More

The Penang government will spend RM10mil to refurbish the Mayang Mall building in Bayan Baru and turn it into a Global Business Services (GBS) centre for investors. Chief Minister Lim Guan Eng said the GBS industry had huge growth potential and needed a conducive business environment in order to flourish ... Read More

The conversion of a hotel in a suburb near here into a hostel for foreign workers was not done in compliance with the state’s guidelines, said Deputy Chief Minister I Datuk Mohd Rashid Hasnon. He said the hotel was also not among the list of places which had been approved ... Read More