Property News


New law to stop owners from raising rentals or evicting tenants unfairly

A law to stop landowners from evicting tenants or raising rentals indiscriminately will be tabled next year, says housing and local government minister Zuraida Kamaruddin. She said the Residential Tenancy Act, which will also seek to protect the rights of landowners, is expected to be tabled in Parliament in the ... Read More

Butterworth port a free trade zone (FTZ) from Feb 1

Penang’s Butterworth port will be turned into a free trade zone (FTZ) from Feb 1, federal port regulators Penang Port Commission (PPC) announced today. PPC chairman Tan Teik Cheng said finance minister Tengku Zafrul Aziz had consented to gazette the North Butterworth Container Terminal as a FTZ. Tan said this ... Read More

Condo management can impose Covid-19 tests

Managers of condominium or apartment buildings have the power to require residents to undergo Covid-19 testing, senior minister for security Ismail Sabri Yaakob said yesterday. In response to a question about such a requirement at several condominium buildings recently, he said: “Yes, this is to protect the health of the ... Read More
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SITE PROGRESS: Queens Residences (Jan 2021)

About Queens Residences Luxury waterfront development by Ideal Property Group at Bayan Bay with gross development value (GDV) of RM600mil. This development is located in front of BayStar Condominium, just stone’s throw away from Queensbay Mall. Find out more about Queens Residences Register your interest here to keep yourself updated with ... Read More
Tanjung Pinang

Property overhang to remain high in 2021

The number of overhang properties is expected to remain high in 2021 based on income level, locations and prices, according to Rahim & Co International Sdn Bhd. Its research director Sulaiman Saheh referred to Rahim & Co's Property Market Review 2020/2021 which showed that three states, Johor, Selangor and Kuala ... Read More
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VIRTUAL TOUR: Beverly Heights Bungalows @ Bukit Gambir

An Epitome of Prestige & Privacy Close to nature and embraced by pristine forest with the numerous hiking trails of Bukit Gambir and yet a whisper away from the hustle and bustle of city life, Beverly Heights offers a refreshing and perfect sanctuary with an exclusive contemporary lifestyle and unsurpassed ... Read More
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Penang South Reclamation project set to take off

The proposed Penang South Reclamation (PSR) is set to get going with the state expecting formal approval for the environment management plan (EMP) once the movement control order is over. State Works Committee chairman Zairil Khir Johari said the Project Delivery Partner (PDP), SRS Consortium, had complied with all conditions ... Read More

Hotel Equatorial Penang to close down by 31 March?

Equatorial Hotel will be closing the operation in Penang effective 31 March 2021. According to a letter addressed to all employees of Hotel Equatorial Penang and signed by the General Manager, the decision is a direct result of the Covid-19 pandemic which had impacted the hotel's businesses. The official last ... Read More

Possible full shutdown after Feb 4 if Covid-19 cases keep rising

According to a report published by MalayMail, Putrajaya is set to announce a total economic shutdown after February 4, should the number of Covid-19 cases in the nation continue to not show any improvement. UPDATE: Eurocham Malaysia denies govt mulling full lockdown after Feb 4, urges public to play their ... Read More

Retirement villages to be built on PR1MA’s land

Retirement villages will be developed on land belonging to Perbadanan PR1MA Malaysia (PR1MA), said Housing and Local Government Minister Zuraida Kamaruddin. She said PR1MA would come up with the model concept and collaborate with strategic partners to develop several retirement villages on its land. She explained that PR1MA was currently ... Read More