Property News
You are Invited to EcoWorld World Environment Day!
Come celebrate World Environment Day with us at Eco Festival 2016 happening on 28th & 29th May and on 4th & 5th June at EcoWorld Galleries in Penang! EcoWorld Gallery @ Eco Terraces 28 - 29 May 2016 (5pm - 9pm) EcoWorld Gallery @ Eco Meadows 4 - 5 June ... Read More
Paradigm Shift In The Residential Market
The National Property Information Centre’s (NAPIC) H1 Property Market Report confirms what we already know – a soft property market amid escalating residential property prices. PENANG The Report states, “The number of transactions in the Penang property market saw a decrease of 11.3% in volume and 2.2% in value against ... Read More
Creative marketing by developers
Slow sales in 2014 and 2015, and an even slower market since the start of this year have prompted developers to introduce various innovative marketing schemes to boost sales. Some of these include rent-and-purchase arrangements, the offering of “safety net loans” and even a re-focus on built-then-sell units to re-assure ... Read More
Public housing residents given warning for subletting units
The state Housing Department has issued non-compliance notices to seven public housing residents for renting out their units. State Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo (pic) said the state was stern in its effort to deter public housingresidents from renting out their units. “For other housing ... Read More
Approve tram and LRT systems for Penang, state governor tells Putrajaya
The governor of Penang today called on Putrajaya to approve the state’s application for tram and Light Rail Transit (LRT) systems at his opening speech at the state legislative assembly sitting today. The Yang diPertua Negri Tun Abdul Rahman Abbas said the state needs better public transport systems to resolve ... Read More
Top 20 Property News Portals in Malaysia
Which are the most popular property news portals in Malaysia? I have shared the top 8 last year and PenangPropertyTalk.com was ranked 5th based on the number of visits recorded in October 2015. To find out how we are doing after six months, I went through the long list of ... Read More
Three new paired roads by Consortium Zenith BUCG to be carried out in stages
Two major projects are in the pipeline to alleviate traffic congestion in the state, said state exco member Lim Hock Seng. In his oral reply to Nordin Ahmad (BN-Bayan Lepas), he said the Bayan Lepas LRT and the Pan Island Link I Highway under the RM27bil Penang Transport Master Plan ... Read More
Penang BRT (Bus Rapid Transit) – Batu Kawan Line
Ongoing developments in Batu Kawan townships has intensified with the opening of the Penang Second Bridge. The proposed BRT system is to link the mixed industrial-commercial and residential townships to the nearest KTM station at Simpang Ampat and also the Raja Uda–Bkt Mertajam monorail which terminates at Permatang Tinggi. The ... Read More
Komtar-Bayan Lepas LRT and Property Prices
The LRT line linking Komtar and Bayan Lepas, estimated to cost around RM7bil to construct, is expected to generate about RM2bil worth of jobs for the local construction industry, said Penang Master Builders and Building Materials Dealers Association. Its president, Datuk Lim Kai Seng, said the first phase of the ... Read More
Young developers share their views
Members of Rehda Youth, the youth wing of the Real Estate and Housing Developers’ Association Malaysia (Rehda) always have their fingers on the pulse of the property industry. These young developers keep abreast of the challenges and trends in the market and are well aware of the buying behaviours of their ... Read More
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