Property News


Jagdeep proposes state-level HOC to be extended to June next year

The state-level Home Ownership Campaign (HOC), which has been extended to June this year, may be extended by another year. State Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo said he would be appealing to the state government to consider extending the campaign again due to ... Read More

Penang South Islands creates jobs, tangible state assets and increases social capital

By the Penang Infrastructure Corporation Time and again we have been allaying misconceptions regarding Penang South Islands (PSI). Penang and its people will gain from the tangible returns and social capital from PSI that will be disproportionately high to the investment in the form of innumerable benefits. Penang stands to gain ... Read More

HOC stamp duty exemption scheme extended till end-2021

The Ministry of Finance (MoF) has agreed to extend the residential home stamp duty exemption scheme under the Home Ownership Campaign (HOC) for six months to Dec 31, 2021. In a document sighted by EdgeProp.my, the letter stated that MoF has agreed to extend the stamp duty exemption on Instrument ... Read More

SITE PROGRESS: The Sky @ Tripark (May 2021)

About The Sky @ Tripark This project is part of Sunrise Manner's Tripark development scheme next to Taman Seri Sejahtera, just a stone’s throw away from Hillpark Residences. It is only less than 5 minutes drive to AEON Mall and Tesco hypermarket. It comprisesse 3 residential towers with full condominium facilities, offering 560 residential ... Read More

Kerjaya Prospek Property to buy land for serviced apartments

Kerjaya Prospek Property (KPP) plans to acquire land to build serviced apartments. Major shareholder of the company Datuk Tee Eng Ho (pictured) told The Edge Malaysia that the purchase will involve “a few plots of land: two in the Klang Valley and one in the northern region”. “The land will ... Read More
butterworth ferry terminal

RM20mil upgrading works for Penang ferry terminals to begin soon

A new era of the Penang ferry service will start soon with a RM20mil upgrading works of the Raja Tun Uda ferry terminal on Penang island and Sultan Abdul Halim ferry terminal in Butterworth that will begin in June. Penang Port Sdn Bhd (PPSB) chief executive officer Datuk Sasedharan Vasudevan ... Read More

Nationwide full lockdown from June 1 to 14

A nationwide full lockdown will take place from June 1 to 14 and all sectors will not be allowed to operate during this period except the essential economic and service sectors. A special National Security Council meeting chaired by Prime Minister Tan Sri Muhyiddin Yassin on Friday (May 28) made ... Read More

SRS Consortium explains the funding of new island reclamation

- A letter from SRS Consortium to FMT First, we would like to reiterate that for both the Penang Transport Master Plan (PTMP) and the Penang South Islands (PSI) reclamation projects, it is the state that is the asset owner. As the asset owner, the state has to “take into consideration ... Read More

Malaysia loses another prominent property personality

The notorious COVID-19 has robbed the life of yet another prominent individual in the Malaysian property circle. Paramount Corp Bhd chairman and executive director Datuk Teo Chiang Quan, 72, passed away at 6.38pm two days ago due to health complications after battling COVID-19 for 21 days. “It is with profound sadness ... Read More

SITE PROGRESS: Beacon Executive Suites (May 2021)

About Beacon Executive Suites the latest addition to landmarks in the heart of George Town by Aspen Group. Strategically located along Jalan Sungai Pinang, this freehold development comprises 227 units of executive suites with standard unit size of 980 sq.ft. and a state of art roof top bar & lounge. Find ... Read More