While the property market in Malaysia may be subdued, Penang is still generating interests among buyers and potential investors. Raine & Horne Malaysia senior partner Michael Geh says: “Although sentiment is generally cautious, both interest and transactions within the Penang property market is ‘still active’.” “In the primary market, there ... Read More

The first 520 of the 22,512 affordable housing units planned by the present Penang state government are nearing completion. State Local Government Committee chairman Chow Kon Yeow said the units were being built under the 6.4ha first phase of a Penang Development Corporation (PDC) project in Bandar Cassia. The development, ... Read More

* By Bernama * Despite already having two bridges connecting Penang Island and Seberang Perai, the DAP-led state government is pushing for a third bridge, and now waiting for the federal government's approval to build it. The state government's initial proposal was to build an undersea tunnel linking Gurney Drive ... Read More

The proposed cable car system for Penang, which is part of the ambitious RM27bil Penang Transport Master Plan (PTMP), has been rejected by the Federal Government. Transport Minister Datuk Seri Liow Tiong Lai said the state government has been informed of the decision. He said the decision was made as ... Read More

The Penang Is­­land City Council (MBPP) is going ahead with the road widening pro­ject in Jalan Masjid Negeri, requiring 16 trees to be transplanted elsewhere by end of next month. Its traffic engineer Zainuddin Mohamad Shariff said the contractor assigned to transplant the trees had been asked to file the ... Read More

In Malaysia, there are an overwhelming number of new home owners. According to the survey, among the top 5 reasons on why people invest in properties are to get higher yields on rentals (56%), for good capital appreciation (55%), for retirement planning (46%), for a better environment (46%) and to ... Read More

The artsy vibe of Penang has generated renewed interest among locals and tourists. It’s hard to resist the old-world charm that Penang has to offer. From the quaint boutique hotels along Armenian Street to the Peranakan shophouses, time appears to have stood still on this island that is home to ... Read More

Come celebrate World Environment Day with us at Eco Festival 2016 happening on 28th & 29th May and on 4th & 5th June at EcoWorld Galleries in Penang! EcoWorld Gallery @ Eco Terraces 28 - 29 May 2016 (5pm - 9pm) EcoWorld Gallery @ Eco Meadows 4 - 5 June ... Read More

The National Property Information Centre’s (NAPIC) H1 Property Market Report confirms what we already know – a soft property market amid escalating residential property prices. PENANG The Report states, “The number of transactions in the Penang property market saw a decrease of 11.3% in volume and 2.2% in value against ... Read More

Slow sales in 2014 and 2015, and an even slower market since the start of this year have prompted developers to introduce various innovative marketing schemes to boost sales. Some of these include rent-and-purchase arrangements, the offering of “safety net loans” and even a re-focus on built-then-sell units to re-assure ... Read More