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Property News

penang-development

Developers expect sales to pick up in 2H2021

Although many developers perceived the first half of the year as unfavourable, their views have slightly changed for the better for the second half, according to Real Estate & Housing Developers' Association (Rehda) Malaysia. The somewhat renewed interest in the property industry stems predominantly from the declining daily Covid-19 numbers ... Read More
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Unsold commercial properties worrisome

The number of unsold properties has seen a respite amid the government’s Home Ownership Campaign (HOC) except for the commercial market, which remains worrisome amid the new norms, Bank Negara Malaysia (BNM) Governor Datuk Nor Shamsiah Mohd Yunus said. “The amount of unsold properties is still very high. It is ... Read More
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GEM Residences Roadshow @ Queensbay Mall (1 – 4 Apr)

Don't miss your chance to meet GEM Residences at Queensbay Mall and grab shopping vouchers worth RM200 from All Season's Place upon signing of SPA! Date: 01 - 04 April 2021 Time: 10:30am - 10:30pm Venue: Lower Ground, in front of Dave's Deli ... Read More
penang

Housing market activity hit historical low with elevated level of unsold properties

Unsold properties continue to remain at an elevated level, driven by serviced apartments, small office home office (SOHO) units, and houses priced above RM500,000 in less popular locations, said Bank Negara Malaysia (BNM). The housing market had hit a historical low in terms of activity in the second quarter of ... Read More
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Two dorms in Penang cater for over 6,000 foreign workers

State Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo today said that two foreign workers’ dormitories, which are now operating in the state, houses 6,221 foreign workers. One is in Mukim 14, South Seberang Perai by Westlite Dormitory (Bukit Minyak) Sdn Bhd and the other in Jalan ... Read More
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SITE PROGRESS: Sinaran Residences (March 2021)

About Sinaran Residences @ Utropolis The residential component in the third phase of Utropolis development by Paramount Property at Batu Kawan, Penang. It is strategically located along Bandar Cassia Expressway, with walking access to Design Village outlet mall and UOW MALAYSIA KDU Penang University College. Driving to Penang International Airport will ... Read More
ptmp-plan

Pan Island Link to be built in phases, second highway in pipeline

Penang will construct the Pan Island Link 1 (PIL1) in phases starting with a 2.4km stretch in Bayan Baru, said state exco Zairil Khir Johari. The infrastructure and transport committee chairman said the first phase of the PIL1 is to connect Jalan Tun Dr Awang to Lebuhraya Tun Dr Lim ... Read More
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Soft launch of The Weld Heritage Square

A new commercial project located in the buffer zone of the George Town UNESCO World Heritage Site at Pengkalan Weld is set to become a bustling arts and culture hub for the inner city. The Weld Heritage Square, located adjacent to the heritage clan jetties, is spread out over 2.1 ... Read More
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SITE PROGRESS: Celesta Residency (March 2021)

About Celesta Residency A Mixed development by Red Blue Development Sdn. Bhd. (TGB Group) in the established township of Sungai Nibong. Strategically located along Jalan Sultan Azlan Shah, diagonally opposite three public schools, namely SRJK(C) Kwang Hwa, SRJK(C) Shih Chung and SMK Sungai Nibong. Find out more about Celesta Residency Register ... Read More
psr

Gamuda to undertake development of Island A under PSR

The Penang government today said that one of the three islands it plans to reclaim under a giant project in the south of the main island will now be handled by the private sector. Chief minister Chow Kon Yeow said the state government had now decided to let the private ... Read More