The state government, through its Penang Bumiputera Housing Trust Accounts, will allocate RM52.9mil to build 320 low medium-cost (LMC) homes for bumiputra buyers. Chief Minister Lim Guan Eng said the LMC homes were part of the 2,093 units of a public and affordable housing scheme called ‘The Rise’ in Jalan ... Read More

Escalating prices of landed residential properties in Penang could see transactions slowing down in 2015. According to Real Estate and Housing Developers Association Penang (Rehda) chairman Datuk Jerry Chan, prices of landed residential properties have been rising over the past few years. “We don’t see highly motivated sellers yet. Land ... Read More

George Town will have an additional 2,093 units of apartments priced up to RM400,000 in four years now that work to build "The Rise", Penang’s affordable housing scheme on Jalan SP Chelliah, has started. Chief Minister Lim Guan Eng said the project, with a gross development value of RM600 million, ... Read More

House prices have dropped after measures were put in place to check rising property prices due to speculation, says Datuk Chua Tee Yong. The Deputy Finance Minister said data from the National Property Information Centre (NAPIC) showed that there was a drop in house prices with the market slowing down ... Read More

The property sector is expected to be flat this year, bogged down by buyers' 'wait-and-see' attitude towards the implementation of the Goods and Services Tax against a backdrop of a weakening ringgit. President of Malaysia Institute of Estate Agents, Siva Shanker, said this showed that the cooling measures imposed by ... Read More

IF you are looking for a comfortable luxury residential condominium in the heart of George Town, Mah Sing’s the Icon Residence fits the bill. Situated just 1km away from Komtar, the project features 294 units with breathtaking views of the heritage city and the sea. The Icon Residence also boasts ... Read More

If you are interested and qualified to purchase an affordable housing at Tanjung Tokong and Bayan Lepas area, Penang State Government will be conducting on-site registration exercise for the following projects in the coming weekend: Tri-Pinnacle Project Location : Tanjung Tokong, DTL On-site Registration Date : 7 & 8 March ... Read More

Eastern & Oriental Bhd (E&O), a lifestyle property developer, will award a tender for the RM25 billion Phase Two of the Seri Tanjung Pinang (STP2) reclamation project by July. Seven contractors have been shortlisted for the proposed reclamation project. E&O deputy managing director Eric Chan Kok Leong said the group ... Read More

Two years ago, a one-million-ringgit homes hitting the auction market was almost unheard-of, but today auctioneers say it is fast becoming the belle of the ball. So why are so many luxury properties going under the hammer? Many local purchasers who took advantage of the developer interest bearing scheme (DIBS) ... Read More

Last month PenangPropertyTalk.com has recorded a total of 126,000 visits, about 28% month-on-month increase (Feb'15 vs Feb'14), according to the latest Google Analytic web traffic report. Although this does not necessarily translate into a strong property market rebound, it does show that the interest in Penang property continue on the ... Read More