Property News


Penang govt to resubmit EIA for PSR project

The Penang State Government will resubmit the environmental impact assessment (EIA) report for the Penang South Reclamation (PSR) project to the Department of Environment (DOE), says State Infrastructure and Transport Committee chairman Zairil Khir Johari. He said the project was for the state's economic recovery post-COVID-19, and he hoped it ... Read More

Four outdoor attractions in Penang may open on a trial basis

Penang has proposed a test run for the reopening of spacious outdoor tourist attractions in the state before embracing the full resumption of travel activities, says state executive councillor for Tourism and Creative Economy Yeoh Soon Hin. Yeoh, in a statement yesterday, said the test run is aimed at fine-tuning and ... Read More

Foreign workers should be provided specific housing needs

State executive councillor Jagdeep Singh Deo has proposed to the Federal Government to prohibit foreigners and locals from rental of low-cost and low medium-cost housing schemes as well as to enact legislation regarding urban regeneration. He said he was very happy that Housing and Local Government Minister Datuk Seri Reezal Merican ... Read More

Mezzo seafront condo at The Light City 40% sold

At Mezzo, the first residential component at The Light City mixed-use development on Penang island, 40% of its 456 units of luxury seafront condominiums have been taken up since its launch in April this year. The developer is IJM Perennial Development Sdn Bhd, a joint venture between IJM Corp Bhd ... Read More

SITE PROGRESS: The Amarene (Sep 2021)

About The Amarene Part of Ideal Vision Park development by Ideal Homes in Bayan Lepas, Penang. This development is strategically located along Jalan Tun Dr. Awang, adjacent to Tree Sparina condominium. It is just a mere minutes drive to Straits International School and Penang International Airport. Featuring a 35-storey condominium that ... Read More
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Residential sector still being the main driver of the local property market

While the Covid-19 pandemic has shaken up the investment plans of property developers over the last year-and-a-half, the outlook of certain subsectors remains resilient and continue to attract focus. In a survey by Knight Frank on the investment outlook for Malaysia, it points out that a majority of developers and lenders ... Read More

State government to allocate RM192k for repair works at Sri Saujana Apartment under TPM80PP

Penang government will continue to carry out maintenance works in all eligible public and private housing schemes in the state. This assurance was given by state Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo after he had announced the state government’s financial assistance for the upgrading ... Read More

MBPP issued stop-work orders on five construction sites due to Covid-19

Factories and construction sites in Penang have contributed a major portion of Covid-19 cases in the state, says state Housing, Local Government and Town and Country Planning Committee chairman, Jagdeep Singh Deo. He said the local enforcement authorities have been constantly monitoring the premises throughout the state and taking firm ... Read More
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Beware of illegal brokers, says real estate associations

Real estate associations are urging the public to beware of illegal brokers under the guise of technology and innovation. The associations consisted of The Royal Institution of Surveyors Malaysia (RISM), The Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS), Malaysian Muslim Real ... Read More

PSI project on hold after fisher folk win appeal, Penang may file judicial review against the decision

The Penang government may apply for a judicial review against the Appeal Board’s decision earlier today that cancelled approval of the Environmental Impact Assessment (EIA) of its ambitious sea reclamation to build three artificial islands. State executive councillor Zairil Khir Johari said the state will consider using this legal option ... Read More