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Property News

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Affordable Housing: On-site Registration (11-14 Feb)

Just a friendly reminder. For those who are interested and qualified to purchase an affordable housing, Penang State Government will be conducting on-site registration exercise for the following projects over the next few days: Chelliah Park City Project Location :  Jalan SP Chelliah, DTL On-site Registration Date : 14 February ... Read More
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E&O, Ikea collaborate to produce furnished show unit in Penang

Eastern & Oriental Bhd (E&O) and Ikea have collaborated to come up with a fully furnished show unit for the former’s soon-to-be launched executive apartments - The Tamarind- in Penang. E&O, a lifestyle property development group, and the Swedish home furnishing specialist had undertaken a maiden partnership to collaborate from ... Read More
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YTL’s Shorefront condo project in Penang offers great location and exclusivity

YTL Land & Development announced it had sold 67 of the 115 units of its RM330mil Shorefront project in Penang during the launch of the property on Feb 6 and 7. Group executive director Datuk Yeoh Seok Kian said the project, comprising 100-odd luxurious units in three blocks next to ... Read More
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MAPEX 2015: Property fair will also feature various talks and fun family activities

The Real Estate and Housing Developers Association Penang (Rehda) and Henry Butcher Malaysia Penang is once again organising the Malaysia Property Exhibition (Mapex). The event is from Feb 21 to 24 at G Hotel in Gurney Drive, Penang, and it features a wide range of offerings from 15 major exhibitors, ... Read More
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‘Extremely’ challenging year for developer

There are too many offices, malls, hotels and high-rise residentials and few affordable housing projects It was a somewhat sombre 8th Malaysian Property Summit on Wednesday with property consultants and a taxman highlighting how prices will move post-goods and services tax (GST) as a result of an over supply in ... Read More
A newly developed purpose-built workers accommodation located in the heart of Johor Technology Park.

Workers Village @ Juru

Workers village, a purpose built housing for legitimate foreign workers in Penang. The idea is to house the foreign workers in a properly planned and designated areas so as to minimize any problems that may arise while working in Penang. It is also expected to address some of the following ... Read More
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Property prices here under pressure if Fed raises interest rate

The Malaysian property market will see further pressure on prices if the US Federal Reserve increases the interest rate, which would affect all Asian economies, said VPC Alliance (Malaysia) Sdn Bhd managing director James Wong Kwong Onn. "There are reports that the US Federal Reserve are likely to raise interest ... Read More
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10 Most Popular Projects in January 2015

It's time for us to take a look at the most popular projects in January 2015. TRI Pinnacle One Foresta Chelliah Park City Ramah Pavilion The Tamarind The Signature Imperial Residence Bay Residences Fiera Vista Skycube Residence Interestingly, the top 4 projects are now dominated by affordable housing. This is ... Read More
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Affordable Housing Taking Shape in Penang

During an event to officiate the signing of the Sales and Purchase Agreements and balloting for Ramah Pavilion, Penang State Exco for Housing and Town & Country Planning, YB Jagdeep Singh Deo said that Penang State Government is giving top-priority to the provision of affordable housing to Penangites. The State ... Read More
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Wishy-washy on housing GST

Many are asking the question but so few know the answer,” quips Malaysian Institute of Estate Agents (MIEA) president Siva Shanker (pic) when asked about the impact of the GST on the housing sector. He says he speaks for his entire fraternity of estate agents when he says they are ... Read More