Property News


Penang CM: PTMP is on track!

The proposed projects under the Penang Transport Master Plan (PTMP) are on track, Chief Minister Chow Kon Yeow said yesterday. “I have committed to the people of Penang that whenever there is a new milestone achieved, I will meet the press to make the announcement. “The people have been informed ... Read More
my second home

Temporary freeze of Malaysia My Second Home (MM2H) programme

The Malaysia My Second Home (MM2H) programme is temporarily frozen to enable the Ministry of Tourism, Arts and Culture (MOTAC) to comprehensively restudy and reevaluate it. According to a statement from the ministry today, the move is also in line with the government’s decision of still not allowing the entry ... Read More

MBPP and IBM ink second MoU on smart city initiatives

For the second year running now, the Penang Island City Council (MBPP) has tightened its partnership with IBM Malaysia Sdn Bhd after a memorandum of understanding (MoU) was signed today. The collaboration would see both parties work closely to further enhance smart city initiatives to improve the delivery of public ... Read More

Landlords should have the right not to let their property

Putrajaya has been cautioned against restricting the rights of landlords in a new law which is aimed at preventing racial discrimination in the property market. The National House Buyers Association (HBA) said the proposed Residential Tenancy Act which the government intends to table in Parliament next year, should not restrict ... Read More

New laws to address racial discrimination in property market

A law, which among others aims to address issues of racial discrimination in the property market, would be tabled in Parliament early next year, says Zuraida Kamaruddin. Bernama quoted the Housing and Local Government Minister as saying that the law, known as the Residential Tenancy Act (RTA), was still being ... Read More

SITE PROGRESS: Imperial Grande (July 2020)

About Imperial Grande A mixed development by Modular Platinum Sdn. Bhd. (Ideal Property Group) in Sungai Ara, Penang. It is located along Jalan Fettes, surrounded by Iconic Skies, Gardens Ville and Imperial Residence. This development will offer a mix of landed and high-rise properties, with 2 level of shop offices ... Read More

Loan repayment flexibility application starts 7 Aug

The loan repayment flexibility will be opened for application from Aug 7, 2020, Bank Negara Malaysia (BNM) (pictured) announced yesterday. In its media statement after Prime Minister Tan Sri Muhyiddin Yassin’s announcement yesterday concerning the extension of loan repayment moratorium, BNM noted that it has told banks to deliver a simplified ... Read More

Penang govt in no hurry for airport expansion project

The Penang government is unperturbed by the latest announcement from the Federal Government to only consider the expansion and upgrading of the Penang International Airport (PIA) after the National Airports Strategic Plan (NASP) study has been finalised. Chief Minister Chow Kon Yeow said the Penang government was still interested in ... Read More

Real Property Gains Tax Exemption is now gazetted.

Effective from 28 July 2020, RPGT exemption will be given to Malaysians for the disposal of residential homes before Dec 31 next year ... Read More

Robina Eco Park – A new clean and green attraction at Seberang Perai

Harnessing its natural assets, the Seberang Perai City Council (MBSP) has created a tranquil green space by the sea called Robina Eco Park which it hopes will stimulate domestic tourism. Better known as Taman Rekreasi Pantai Robina, the MBSP has spent RM1,464,000 to upgrade and reinvigorate the area fronting the Penang ... Read More