Tougher credit checks on potential buyers and lending curbs imposed by Bank Negara is distorting the market, claims a top official at Malaysia’s biggest grouping of property developers. Real Estate and Housing Developers’ Association (Rehda) Malaysia reveals that due to the high rejection rates of housing loan applications, many developers ... Read More

YTL Land and Development Bhd sold the final units of its low-rise condominium project – Penang Shorefront – at a preview last weekend. YTL Land and Development executive director Datuk Yeoh Seok Kian remarked: "It’s amazing to witness the way the market responded to our Shorefront project, a niche upmarket, ... Read More

Land scarcity or abundant, which one is better? Scarcity of land is one of the most common explanations given by those looking to invest or having invested into a property in Penang Island. Many people seem to have convinced that since the island is running out of development land, prices ... Read More

Property transactions seen declining, prices to remain flattish THE property market has been in a grind this year and according to projections, it’s not about to free up any time soon. According to a report early this year by research house JF Apex Research, property transactions are expected to decline ... Read More

Developers who carry out earthworks without approvals or permits from the Penang Island City Council (MBPP) could face the possibility of having their applications for future development projects frozen for five to 10 years. Local Government Committee chairman Chow Kon Yeow (DAP - Padang Kota) suggested that stringent action be ... Read More

by Ken Lim In Penang, one of the most intense debated topic is the property investment and purchase decision between the properties in island and mainland. The island which is well-known for its “scarcity of land” has always been the top property investment choice for both locals and foreigners, whereas ... Read More

Penangites flocked to the ‘Mission House-Possible’ roadshow at the Tanjung Bungah market to find out more about the state’s affordable housing projects. Hotel worker Mohd Nazri Zainon, 31, said buying a house from a private developer was out of the question due to financial constraints. “My wife and I have ... Read More

by Charles Tan If you stay in Penang, mainland is considered a secondary choice. Island is the main focus and majority would choose to stay in island over mainland. Well, one major reason would also be due to the employment opportunities in the island. Think of any foreign multinational paying ... Read More

In an effort to keep the comment section from being flooded with property advertisement, we are now giving you a more effective way to advertise your property online without interfering the discussion in the comments. Most importantly, it's FREE! Here is how you can start posting your property for sale/rent: ... Read More

A coastal ferry ­service with multiple terminals to shuttle people and cars from one point on the island to another may become a reality by the next decade. This follows the willingness of the Penang Port Commission (PPC) to hand over ferry services to the state government. Sources in the ... Read More