Property News


National Affordable Housing policy launched

China-based developers have been roped in to offer rent-to-own affordable homes that are built using Industrialised Building System (IBS), says Zuraida Kamaruddin. The Housing and Local Government Minister said Malaysia had last month inked deals with eight China-based companies to invest in Malaysia, transfer pre-fabrication construction technology, and offer rent-to-own ... Read More

Mah Sing celebrates the completion of Tower B at Ferringhi Residence 2

Mah Sing Group Berhad (Mah Sing) held a topping up ceremony for Phase 1 of its Ferringhi Residence 2@Batu Ferringhi, Penang today. The ceremony symbolises the completion of the structure of the development’s Tower B building. In attendance during the event were Mah Sing’s Chief Operating Officer, Everlyn Khaw, senior ... Read More

3 Cs in getting your loan approved… and read till the end for your bonus

* Article by Freemind Works * Recently, it was reported in freemalaysiatoday.com that home loan rejection rate is as high as 70%. Well … applying for a loan can be a frightening task that will require a lot of your time and you need to figure out what documents to submit ... Read More

Malaysians averagely spent 4.37 hours per week viewing property

Malaysia is the most property obsessed country in the Southeast Asia and ranked at fourth place globally after the United Arab Emirates, the United States and Taiwan, according to HSBC Malaysia. “Malaysians spend longer time viewing property than they do keeping fit at the gym, reading books, or reading and ... Read More

Penang developers bagged 9 awards from PIPDA 2019

The fifth instalment of the Property Insight Prestigious Developer Award (PIPDA) 2019, was held on the evening of 3rd May at Shangri-La Hotel. The awards serve as a benchmark for local property developers to strive for, and as a celebratory occasion to recognise the accomplishments in the property sector leading ... Read More

Bank Negara cut key interest rate by 25bps to 3%

Bank Negara Malaysia (BNM) decided to cut the Overnight Policy Rate (OPR) by 25 basis points to 3% from 3.25% at its Monetary Policy Committee (MPC) today amid weak economic outlook. This is the first cut since July 2016. “The ceiling and floor rates of the corridor for the OPR ... Read More

Penang International Airport (PIA) may be expanded to accommodate 20 million passengers

The federal government may enlarge the Penang International Airport (PIA) to accommodate a maximum of 20 million passengers instead of the initial 12 million proposed. Finance Minister Lim Guan Eng said the original proposal was to increase the capacity from 6.5 million to 12 million passengers, but added that this ... Read More
undersea tunnel

Penang undersea tunnel project to continue

The proposed Penang undersea tunnel project will continue and is in its final stage of feasibility study, says Chief Minister Chow Kon Yeow. He said the state government's technical consultant, HSSI Sdn Bhd, has reviewed the study prepared by Consortium Zenith Construction Sdn Bhd (CZC). “The review on the draft ... Read More

PSR and PTMP included in Penang Structure Plan 2030

The controversial Penang Transport Master Plan (PTMP) and Penang South Reclamation (PSR) project were included as part of the draft Penang Structure Plan 2030 (PSP2030) which is now in the process of being gazetted, the state legislative assembly was told today. State exco Jagdeep Singh Deo (DAP - Datuk Keramat) ... Read More

20 Most Active Projects in Penang (Jan – Apr 2019)

It’s been a while since we last posted the most active projects. Many people have been asking how is the property market sentiment in Penang with all the negativity around the residential overhang situation. According to our web traffic analytics, PenangPropertyTalk.com has recorded an increase of approximately 15% in pageviews ... Read More