Penang Chief Minister Chow Kon Yeow wants a better rapport to be established soonest with the federal authorities in view of the many mega projects that the state hopes to undertake. For starters, the state would soon meet the Public Land Transport Commission (SPAD) to discuss how to expedite two ... Read More

Newly-appointed Housing and Local Government Minister Zuraida Kamaruddin pledged to deliver substantive improvements and ideas through the ministry. The Ampang member of parliament said it would be an opportunity for her to delve into policies and implementations under the jurisdiction of the ministry. “A balanced housing opportunities in urban areas ... Read More

The National House Buyers Association (HBA) has urged the federal government to address the issue of abandoned housing projects in its plans for the housing sector in Malaysia. Speaking to FMT, HBA secretary-general Chang Kim Loong said the best way to do this was to implement the system of build-then-sell ... Read More

On the night of 9 May 2018, a new Malaysia was born. Automatically, one very critical thought transpired in my mind. The property market in Penang will most likely have its reformation and almost guaranteed to have a facelift. For almost a decade, Penang has been aiming high, with many ... Read More

* Article by Freemen * The property market hit a low point last year where prices were dropping and transaction volume was low. While transaction volume fell, the value of the property did not; thus contributing to a market slowdown. Businessmen and investors are holding back in their investments as ... Read More

Funding options for pending mega projects here may see a change now that Pakatan Harapan is the Federal Government. There is even a possibility that the proposed Penang Undersea Tunnel will be made toll-free to mirror the pre-election promise of making Penang Bridge toll-free. Incoming Chief Minister Chow Kon Yeow ... Read More

* Article by Freemen * Penang has been having pretty good growth in a market that was supposedly facing a decline last year. Bad news is, they were still affected by the market slowdown last year and has yet to fully recover. Considering the slow market, the government has promised ... Read More

We came across these two interesting articles from Rehda and BNM, debating the situation of affordable housing in Malaysia. Read on to find out the story from both sides. REHDA: Overbuilding of affordable housing ‘quite severe’ The overbuilding of affordable housing is “quite severe” as many developers have shifted into ... Read More

Check out the latest exclusive aerial video of IKEA Batu Kawan site to see just how much progress has been made. The construction is on track for opening in early next year. The upcoming IKEA store in Batu Kawan, Penang, has achieved an industrialised building system (IBS) score of 92.3, ... Read More

The overall property market is expected to stabilise this year, underpinned by the improving Malaysian economy that had recorded 5.9% GDP growth last year, said Valuation and Property Services Department’s (JPPH) National Property Information Center (Napic) director Md Badrul Hisham Awang. “The property transaction volume and value are expected to ... Read More