Despite the dampened property market, developer Ivory Properties Group Bhd is anticipating its earnings for the financial year ending March 31, 2016 (FY16) to be comparable with FY15 — if not better — driven by two projects: the Penang Times Square and Penang WorldCity. It saw a net profit of ... Read More

Over 500 houses in Hong Seng Estate in Penang may soon have to make way for a new housing project. A resident who has stayed there for 30 years said he heard about the plans to redevelop the land but did not have any details. “This is my ancestral house ... Read More

Penang Affordable Housing Video (courtesy of Penang State Housing) * Click HERE to see full list of affordable housing in Penang * ... Read More

Poll to find name for Penang’s new, intelligent, satellite township The people will have a say in the naming of Penang’s new, intelligent, satellite township on mainland Seberang Prai. The township is in Batu Kawan, in the southern Seberang Prai district, Chief Minister Lim Guan Eng said today. He said ... Read More

One of the most common question asked here is the current market value of a property in Penang. Certainly, it is everyone's dream that their property value gain a measurable appreciation. Property market value can be interpreted very differently depending on the specific market you’re discussing. Each house is unique ... Read More

The weakening ringgit has resulted in an increase of 20-25% in the cost of some construction materials, said the Real Estate and Housing Developers’ Association Malaysia (Rehda) president Datuk Seri Fateh Iskandar Mohamed Mansor. “The cost of certain construction materials has actually gone up. For residential units, if you talk ... Read More

The number of unsold property units in Malaysia have increased due to unreleased Bumiputera lots and loan rejections, says the Real Estate and Housing Developers Association (Rehda). The percentage increased by 14% in the first half of 2015 ended June 30, 2015 from the preceding half ended Dec 31, 2014, ... Read More

GUH Holdings Bhd is buying land to develop a light industrial park in Seberang Perai — a plan to cultivate future earnings growth in its property division. In a filing with Bursa Malaysia, GUH Holdings said its unit GUH Realty Sdn Bhd entered into a sale and purchase agreement (SPA) ... Read More

In an effort to avoid flooding the comments section with advertisements, we have created a "Related Properties for Sale/Rent" section that allows you to advertise your properties here for FREE! The listing appear in all project pages, immediately before the comments section. To start selling your property, sign up for a ... Read More

Time to discover your dream home The Star Property Fair 2015 will return to Penang’s Queensbay Mall from Oct 1 to 4, once again bringing together leading developers and agencies. Home-hunters and investors can look forward to exploring choice offerings both in Malaysia and abroad. The vast array of products ... Read More