Paramount Corp Bhd’s second quarter net profit soared 70% to RM23.9mil from RM14.1mil a year earlier, on higher contribution from its property division and higher student enrolments at its KDU University College. Revenue for the quarter ended June 30, 2016 rose 26% to RM145.3mil compared to RM115.3mil previously, the company ... Read More

The culturally and historically significant landmark, Chowrasta Market’s physical form is given new life. Chowrasta Market’s integrity is preserved with careful planning with integration of existing marketplace activity while sensitively adding new functions and spaces to revitalise the character and quality of the market. The design also intends to create ... Read More

Queens Residences and The Tamarind, the two most popular Q2 2016 projects in Penang have their own unique popularity. Take a look at the comparison of these two projects... The Tamarind Queens Residences Developer E&O Property Ideal Property Group Location Tanjung Tokong Bayan Bay Standard unit size 1,042 onwards 950 ... Read More

The Penang state government will soon make its decision regarding a proposal to revise the current density guidelines to 128 units per acre in order to provide more affordable housing in the state. Penang State Exco for Housing and Town & Country Planning Jagdeep Singh Deo said the proposal to ... Read More

Penang state government has decided to build a RM4.8 billion elevated light rail transit (LRT) system in the state, rather than have a tram system, as part of the RM46 billion Penang Transport Master Plan (PTMP). This is to avoid associated costs of relocation of utilities, land acquisition and social ... Read More

The immediate outlook of Penang’s property market will be challenging amid difficulties in the global and national economic environment, said property services firm Knight Frank Malaysia in its latest report. In its Real Estate Highlights report, the firm noted that the total volume of transactions for all sectors in Penang ... Read More

We have published reports on the most active projects in Penang. Do you wondering how many of those pageviews are from foreign countries? Singapore is the third highest source of visitors to PenangPropertyTalk.com after Penang and Kuala Lumpur, with more than 24,000 visits in second quarter of 2016, representing approximately 6% of the total ... Read More

Securing a mortgage to buy a house is not easy these days as financial institutions continue with their tight lending policies. But your chances of getting the loan approved may be higher if you buy a property through joint ownership. Indeed we are seeing more people buying properties as joint ... Read More

The Penang government is at the tail end of reviewing contribution costs imposed on developers to bring down development costs so the savings are passed on to the public. State Housing, Town and County Planning Committee chairman Jagdeep Singh Deo (pix) said discussions with the local government and relevant authorities ... Read More

Penang is mulling a cap on rental hikes in pre-war buildings to 20% over a period of four to five years, in contrast with more exorbitant hikes of 100% to 200% observed in recent times, said Penang chief minister Lim Guan Eng at the Penang International Property (PIP) Summit conference ... Read More