Property News


Penang to blacklist developers who force buyers to take up extras

Housing developers in Penang have been warned not to force their buyers pay beyond the fixed prices for low-cost (LC), low medium-cost (LMC) and affordable housing units. Developers who failed to comply with the warning could result in them getting blacklisted. State Local Government, Housing, Town and Country Planning Committee chairman ... Read More

Real estate agency raises alarm over unlicensed reps

Over 100,000 real estate agents are operating without a licence in the country, Malaysian Institute of Estate Agents (MIEA) president Lim Boon Ping said. According to the New Straits Times, unlicensed agents outnumbered their authorised counterparts by more than three to one. “While we have seen some reduction over the ... Read More

Penang’s industrial sector looks good over mid-to-long term

The industrial property sector is expected to remain active for the rest of this year, supported by foreign direct investment inflows. Knight Frank Malaysia in a recent statement said the launch of Industry4WRD late last year in response to the digital transformation of the manufacturing sector and its related services ... Read More

Sia Boey rejuvenation project on track

The conservation of the Old Prangin Market, archaeological sites and landscaping of Sia Boey Rejuvenation Project is going on smoothly under Phase Two. Chief Minister Chow Kon Yeow visited the Sia Boey site and was briefed by George Town World Heritage Incorporated (GTWHI) general manager Dr Ang Ming Chee and ... Read More

Penang’s most popular residential areas and projects among homebuyers

Here is a snapshot of the most popular residential areas and projects in Penang among homebuyers. The sales and purchase data are captured from the Valuation and Property Services Department (JPPH) that has been compiled by brickz. This is based on the review period between January 2018 and December 2018 ... Read More

Bukit Mertajam heading to be Penang’s first digital city

Bukit Mertajam is moving towards becoming the first digital city in Penang by August 2020 and will employ a concept that integrates information and communication technology (ICT) devices to monitor its environment, operations and services. The state government's technology partner, Smartviro Sdn Bhd, will undertake the project which aims to provide ... Read More

Property market showing signs of bottoming out

The Malaysian property market is showing signs of bottoming out, underpinned by government-driven initiatives such as the ongoing Home Ownership Campaign 2019 (HOC). Knight Frank Malaysia managing director Sarkunan Subramaniam said in a statement yesterday that Malaysia’s property market is poised to gather more momentum moving into the second half ... Read More
Aspen Vision City - IKEA Integrated Retail Component

First Phase of IKEA integrated shopping centre to open by end of 2019

We are pleased to announce that IKEA Southeast Asia is now readying to open the first phase of a shopping centre that will be linked directly to our blue-box home furnishing store in Northern Malaysia, bringing a vibrant new mix of retailers to Aspen Vision City. With around 20 units, ... Read More

Tender for detailed design on Gurney Wharf to open in Q4

The state government will call for tender for a detailed design on Gurney Wharf, touted as the state’s seafront park-in-the-city, by end of the year. State Local Government Com­mittee chairman Jagdeep Singh Deo said they would tap into the expertise of both local and international consultants for the design and ... Read More

Strengthen MM2H programme to ease property glut

The Malaysian Institute of Professional Estate Agents and Consultants (MIPEAC) is of the view that encouraging more foreigners to take up the MM2H (Malaysia My Second Home) programme and to invest in Malaysian properties could help ease the glut in the property sector. In a statement today, MIPEAC said it ... Read More