Homeownership has become easier after Projek Perumahan 1Malaysia (PR1MA) enlarged the eligibility pool. Prime Minister Datuk Seri Najib Abdul Razak said the income cap has been increased from RM10,000 to RM15,000 to allow more people to purchase their own homes. He said this was part of efforts to lower the ... Read More

IKEA Penang will be the forth IKEA store in Malaysia and the second one outside of Klang Valley after Johor Bahru. Located in Batu Kawan, the construction of the new IKEA store is scheduled to start in early this year and to complete by late 2018. Despite an official announcement was done ... Read More

Hunza and Ideal to come up with RM13bil schemes The south-west district of Penang island will attract RM20bil worth of new residential and commercial projects over the next five to 10 years. About RM13bil worth of projects are new ones planned by Hunza Properties Bhd and Ideal Property Sdn Bhd, ... Read More

Work on the alternative road linking Lebuhraya Thean Teik in Bandar Baru Air Itam to Lebuh Bukit Jambul in Penang is progressing on schedule. The 6km-long paired road via Jalan Bukit Kukus is 27.5% complete, said state Local Government, Traffic Management and Flood Mitigation Committee chairman Chow Kon Yeow. “The ... Read More

Westlite Juru, another proposed workers village in mainland Penang, also undertaken by Westlite Dormitory (Juru) Sdn Bhd. The proposed housing is well located along the major thoroughfare of Jalan Juru in the Central District of Wellesley. It provides easy access to the Penang Bridge as well as established industrial parks ... Read More

Building dreams, a ground-breaking transformation next to the millionaire’s enclave of Seri Tanjung Pinang. Commanding some of the most impressive waterfront and promenade views of Gurney Drive. City of Dreams offers the pinnacle of luxurious living with an exclusive location providing the finest living experience with convenient access to nearby ... Read More

The number of foreigners buying Penang properties have traditionally been below 10 per cent, state executive councillor Jagdeep Singh Deo said today. The housing development committee chairman sought to allay concern that non-Malaysians were gobbling up properties, saying it was a perception that was untrue. “It has always been less ... Read More

The Penang state government should implement clear-cut housing policies that suit the overall property market conditions, real estate agent Michael Geh said today. The chartered surveyor said the state must consider the effects of the policies implemented on both the primary and secondary markets. “I hope the state will implement ... Read More

Despite market softening, the secondary housing market still offers the best value in terms of price and value. Malaysian Institute of Estate Agents (MIEA) past president and chief trainer K. Soma Sundram said the secondary market would continue to move the real estate business this year. “Many don’t realise this ... Read More

GM Training Academy are collaborating with MIEA Penang to organize training for real estate agents. The trainers (Richard Oon, Chris Tan, Elane Goh and Miichael Yeoh) are well known in their respective field with an average of 15 years experience. Currently this is waiting for the Board of Valuer to approve ... Read More