Property News
Affordable homes within reach
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 RM150,000 homes to be built in Penang
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
Penang Property Hotspots in 2017
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
One million affordable homes by year end
The government’s target of building one million affordable housing units (RMM) is expected to be achieved by year end, according to the urban well-being, housing and local government ministry. The ministry, in a written reply to Wong Tien Fatt (DAP-Sandakan) in Dewan Rakyat yesterday, said until April, the total number ... Read More
Challenging market: Penang developers step up on goodies to attract buyers
Property developers in Penang are offering various packages to entice the market into buying properties launched last year but could not sell because of cooling measures and a subdued housing market. PA International Property Consultants (Penang) Sdn Bhd executive director Loo Choo Beng said developers were now offering attractive packages ... Read More
Sunway has a big plan for Penang
Master Community Developer, Sunway Property, unveiled its Sales Gallery and Regional Office strategically located at Jalan Anson in the heart of Georgetown, which is the first sales gallery to be certified Green Building Index (GBI) Gold in Penang. The official opening was graced by Sunway Group Founder and Chairman, Tan ... Read More
Sunway College to be built at Sunway Valley City
Sunway Bhd is set to launch various projects with a total gross development value (GDV) of RM5 billion in Penang over the next 10 years. Sunway Bhd Property Division for Malaysia and Singapore Managing Director Sarena Cheah said of the amount, about RM2 billion would be for long-term investment projects, ... Read More
Widening of Bayan Lepas-Teluk Kumbar road ready in December
Motorists can expect a smoother ride from Bayan Lepas to Teluk Kumbar by the end of the year when the road upgrading project between the two places is completed. Project manager Che Iskandar Che Din said the RM207mil project, which includes the widening of a 3km stretch from Bayan Lepas ... Read More
Access to financing is not the primary issue for affordable housing
This is with reference to media reports on calls to review housing loan criteria for potential buyers of affordable houses. The comments made by some parties had caused confusion and were not based on facts and accurate information. If the issue of affordable housing is to be resolved, all parties ... Read More
Survey shows Penang is the happiest state
So it’s true — Klang Valley folks are less happy living in the city compared with those living in Penang and Johor Bahru. That is according to TheEdgeProperty.com-Lafarge Happiness in the City Index 2017 survey. The survey showed that as many as 49% of respondents in the Klang Valley found ... Read More
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