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Property News

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Ministry to pay compensation for 24 PR1MA projects cancelled

The Housing and Local Government Ministry will pay compensation for the 24 development projects under PR1MA Corporation Malaysia (PR1MA) that have been cancelled, said Minister Zuraida Kamaruddin. She said the compensation payment depends on the value of the land for the area involved. “Most of the land was purchased by the ministry ... Read More
Mutiara Rini affordable housing

Mutiara Rini affordable housing is being demolished due to safety reason

The Penang government will ensure that only affordable housing units are built on the grounds of a demolished flats in Bandar Jelutong, George Town. State housing, town, country and local government committee chairman Jagdeep Singh Deo said the Mutiara Ria low-cost flats, on which work had only reached two storeys, ... Read More
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Ideas and concepts to transform Penang Bay

Chief Minister Chow Kon Yeow officially launched the Penang Bay International Ideas Competition at Wisma Yeap Chor Ee in George Town today with the hope that the ideas put forth could be tapped by potential developers to transform Penang Bay. He said the Penang state government, Chief Minister Incorporated (CMI) ... Read More
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Errant Penang developers may face up to RM250,000 in fines

Developers and consulting engineers found not complying with the requirements of the Erosion and Sediment Control Plan (ESCP) may be given compound notices of up to RM250,000 from Sept 1. Public Works, Utilities and Flood Mitigation Committee chairman Zairil Khir Johari said the stiffer punishment followed the gazetting of amendments ... Read More
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Make it black and white when renting out your property

The National House Buyers Association (HBA) reminded landlords to be wary of the activities that will be carried out in their premises before renting out their units, reported The Star. HBA honorary secretary-general Datuk Chang Kim Loong stressed that landlords should protect themselves by requesting tenants to sign a written ... Read More
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Workers’ quarters project in Juru cancelled

The proposed workers’ quarters project in Juru that was awarded by the Penang Development Corporation (PDC) to Westlite Dormitory (Penang-Juru) Sdn Bhd has been aborted. Replying to a question by a journalist, Chief Minister Chow Kon Yeow said that the project was called off after the company met with strong ... Read More
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UDA to build over 3,000 housing units in Tanjung Tokong

UDA Holdings Bhd aims to build another 3,568 housing units (of the mixed development type) in the Tanjung Tokong area here to provide opportunities for those who want to own a home in the area. Entrepreneur Development and Cooperatives Minister Datuk Seri Wan Junaidi Tuanku Jaafar said currently 4,455 units ... Read More
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The Ship Campus expected to open in 2021

The Ship Campus, which is the first ever campus in Penang to be located inside an industrial park, is expected to be fully operational by early next year. Once operational, it will be home to Peninsula College, the education arm of PKT Logistics Group Sdn Bhd, and can accommodate up ... Read More
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Seberang Perai is the future of Penang

With a more organized and complete road network, Seberang Perai has the potential to be a growth area and is the future for the state of Penang, said the Chief Minister, Y.A.B. Mr. Chow Kon Yeow. He said that the administration he led since 2018 focused on balanced development between the ... Read More
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KPKT drawing up Residential Tenancy Act to control house prices

The Ministry of Housing and Local Government is drawing up the policy for the Residential Tenancies Act to control the price of houses in the country, said its minister Zuraida Kamaruddin (pictured). She said this would take into account the interests of the landlord and the tenant, as well as ensure ... Read More