In a filing with Bursa Malaysia on Tuesday, the property developer and sheet metal fabricator said its 60%-owned subsidiary and CZ (previously Consortium Zenith BUCG Sdn Bhd) had mutually terminated their sale and purchase agreement (SPA) for the 4.4252-acre (1.79ha) land in Section 1, Tanjung Pinang. They also agreed to ... Read More

Prime Minister Datuk Seri Najib Abdul Razak today expressed the government commitment to continue to focus on providing more affordable housing for the low- and middle-income groups. He said the concept of comprehensive and holistic development was most necessary to ensure that these groups had the capacity to own equity ... Read More

What passes for affordable housing in Malaysia is “not affordable”, said Bank Negara Malaysia (BNM) governor Datuk Muhammad Ibrahim. “Even the World Bank has characterised our houses as severely unaffordable. “Last year, only 35% of the new housing supply in the market were affordable, and the year before that, the ... Read More

A new blueprint for the Northern Corridor Economic Region (NCER) is targeting 80 projects across four states that planners expect will boost gross domestic product (GDP) in the area to RM300bil by 2025. It will also create 161,197 new jobs opportunities in Perak, Penang, Kedah and Perlis. Northern Corridor Implementation ... Read More

The first IKEA store in the northern region will open in Penang on Jan 1, 2019, says Lim Guan Eng. The Chief Minister said the store would help to put Penang at a high-level position. "It is not easy to attract Ikano and we worked very hard," Lim said in ... Read More

No questions were left unanswered at the recent Property Convention 2017-Penang Edition by GM Training Academy PLT (GM), in collaboration with Penang Property Talk. The event that took place on 29th July 2017 at Vistana Hotel Penang saw the attendance of first time home buyers and property investors from all ... Read More

George Town and  Kuala Lumpur are the only two Asian cities to make the list in the Top 10 of The World’s Best Places to Retire in 2017 from Live and Invest Overseas (LIO), a much-respected international journal. The list is quoted by Forbes magazine as having gone through a ... Read More

Nine developers will showcase a total of 2,747 affordable housing units in four districts at the south atrium of Queensbay Mall from 10am to 10pm. State Housing Committee chairman Jagdeep Singh Deo said the affordable units would be open for registration from tomorrow till Sunday. He said 867 low-cost (LC) ... Read More

More lower-priced affordable homes await first-time buyers on Penang Island as more developers are willing to build RM150,000 apartments on the island, ever since the state government’s lowering of maximum prices in one category last year. State executive councillor in charge of housing Jagdeep Singh Deo said the state government ... Read More

It's pretty common for our readers to approach us to enquire about the latest property market in Penang. Here is an infographic on property hotspots in Penang. Hotspots is defined as the location where the top 20 most active projects in 2017 are located, along with the price ranges of ... Read More