Residential overhang in Penang is still a major issue and the current market situation is not making it any better. Overhang is defined as built properties that remain unsold at least nine months after completion. The overhang in Penang is likely due to unaffordable property prices and financing issues. The various ... Read More

A public town hall on the Pan-Island Link (PIL) highway project has been announced, said NGO Citizen Awareness Chant group (Chant). Chant advisor Yan Lee welcomed the timely move, reported Malaysiakini, saying the session will be organised by the federal government, and stakeholders would be invited to share their views ... Read More

Knight Frank Malaysia managing director Sarkunan Subramaniam said foreign investors are expected to return in the first quarter of 2019 on the back of more transparent policies with the new government. "Rents of high-end condominiums will stabilise and prices will hold. As for the office market, rents will remain competitive ... Read More

There will be a considerable number of changes in the National Housing Policy expected to be announced in September which includes the rental-tenancy market, the National Housing Department said. Some of the laws will take two years to study and establish but the wheels of change are in the works, ... Read More

For many home seekers and property investors, the first thing that comes to mind when one mentions Penang is the state’s thriving island. The capital city of George Town has long established itself as one of the country’s most loved cities. However, due to scarcity of land and escalated property ... Read More

The Real Estate and Housing Developers' Association Malaysia (Rehda) Institute has proposed affordable housing price thresholds in Peninsular Malaysia, with residential units in Kuala Lumpur and the Klang Valley topping the list at RM500,000. In its summary research report on affordable housing released today, Rehda Institute said the benchmark for ... Read More

Have you ever thought about investing in real estate as a "money making machine" for you? Do you want to know the secrets of Penang Property? Have you ever thought about doubling your existing property? Ever think of investing in real estate but don't know how to start? Join Gplex this ... Read More

Swedish home furnishings retailer IKEA today announced its recruitment drive for the new store, IKEA Batu Kawan, Penang. Malaysians from all walks of life, especially those living in Northern Malaysia, are welcome to attend the walk-in interview fair to be held from 27 to 29 July 2018, 9am daily at ... Read More

The state government today announced an ambitious project to alleviate traffic congestion on the island, which will be undertaken through a 10.5km-long tunnel that will cut through hills and is part of the Pan Island Link 1 (PIL 1). Chief Minister Chow Kon Yeow said the project will be challenging ... Read More

The Real Estate and Housing Developers Association Malaysia (Rehda) Institute has identified today nine structural problems which it said are behind why the country is struggling to ensure a sustainable supply of public housing. The report titled “Affordable Housing Report” released this morning cited fragmented playing field between public and ... Read More