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Property News

abandon-project

Act 118 to be amended to help house buyers of abandoned projects

The Housing Development (Control and Licensing) Act 1996 (Act 118) will be amended to help house buyers of abandoned housing projects, said Housing and Local Government Minister Datuk Zuraida Kamaruddin. She said the amendment to the act is being drawn up to address issues concerning abandoned housing projects, as well ... Read More
penang island

Penang ranked as 3rd best island in the world to retire in

Penang has made it into the list of "15 Best Islands In The World To Retire On In 2021". Penang, also known as the Pearl of the Orient, came in third place after Malta and Mallorca, Spain. The other Asian countries on the list were Bali in ninth place, Koh ... Read More
mahsuri flat

The urban redevelopment project for Flat Mahsuri to start next year

The urban redevelopment project will begin next year involving the Mahsuri Flat block near Lorong Mahsuri 10 in Bayan Lepas as a pilot project. State Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo said, the project will be implemented by the Penang State Housing Board (LPNPP) under the ... Read More
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Phase 1 reclamation of Island A expected to start in May

The Phase One reclamation of Island A (approximately 1,200 acres) is scheduled to begin in May or June, said Deputy Chief Minister I Datuk Ahmad Zakiyuddin Abdul Rahman. The tri-islands (Islands A, B and C) of the Penang South Reclamation (PSR) project will be located at the south-end of the Penang ... Read More
quaywest-residence-site-progress-apr2021

SITE PROGRESS: QuayWest Residence (Apr 2021)

About QuayWest Residence Luxury residential development located next to Penang World City in Bayan Mutiara, Penang. This development comprises 1,235 condominium units in two 24-storey towers. Tower A offers 669 units with built-ups from 1,246 to 3,222 sq ft. Tower B comprises 566 units of various types, 253 units of which ... Read More
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Sungai Pinang’s new neighborhood park is expected to complete by next month

The soon-to-be completed three-acre neighbourhood park at Lebuh Sungai Pinang 7, near to the popular seafront Karpal Singh Drive, is set to be a glowing attraction soon. Situated near a river, the RM1.5 million project may see mangrove trees, which are closely associated with fireflies, be planted near the riverbank to ... Read More
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Part of Bukit Kukus paired road expected to be ready by October

The construction works of a section of the Bukit Kukus paired road project are expected to be completed on Oct 23 this year. Penang Transport and Infrastructure Committee chairman Zairil Khir Johari said the project was initially scheduled to be completed on May 26 this year but was delayed due to ... Read More
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More affordable homes for Penangites

A total of 38,149 affordable housing units have been built for Penangites. Penang Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the affordable homes include those of Type A (low-cost), Type B (low medium-cost) and Type C (below RM300,000). “Another 18,519 units are in various ... Read More
utropolis-priority-2-april2021-1

Paramount Property’s Priority Campaign is back with tailored packages to suit your needs!

From flexible payment plans, attractive reward programmes to customised loan subsidies, Paramount Property’s Priority Campaign is back with packages that make owning a property more affordable, especially in this unprecedented time.  Other features of this campaign include: • Zero Entry - free legal fees on SPA and registration fee on ... Read More
hoc

Govt looking to extend HOC till end of 2021

The government is looking to extend the Home Ownership Campaign (HOC) until the end of this year, says Housing and Local Government Minister Datuk Zuraida Kamaruddin. She informed that she had requested Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz to allow the extension. “However, the MoF (Ministry of ... Read More