Property News

Penang property owners to pay higher assessment rates next year

Penang property owners to pay higher assessment rates next year

Penang’s two local councils will be increasing the assessment rates on all properties within the state in 2020. State local government, housing development and town and country planning committee chairman Jagdeep Singh Deo said the hike was due to higher spending costs. “It has been 15 years since we reviewed ... Read More

All Seasons Park – A Landmark Development

All Seasons Park, is a completed landmark development in Ayer Itam, ushering in a contemporary modernity that subtly resonates with the busy, colourful vibe of this well-known Penang suburb. This integrated development promises a complete lifestyle experience to those born and bred in Penang, who may be returning to their ... Read More

Interview with CM: Public response on Bayan Lepas LRT

Penang’s first LRT project has been approved by federal government on 16 July 2019, with 30 conditions for the state to comply. A three-month public inspection process started Aug 19 to obtain the views of Penangites. The public can now find out more about the LRT project at four fixed locations during office ... Read More

Minister thinking about organising HOC campaign in Hong Kong or China

Housing and Local Government Minister Zuraida Kamaruddin plans on taking Malaysia’s Home Ownership Campaign (HOC) to Hong Kong and China. Speaking to a press conference at the outskirts of the 2019 Smart Cities Asia Annual Conference and Exhibition, she explained that properties in Malaysia are far cheaper than those found ... Read More

Iconic Point sold out during soft-launch

Iconic Worldwide Bhd’s maiden property project Iconic Point has been 100 per cent taken up during its two-day soft launch at its sales gallery in D'Piazza Mall, Penang last weekend. The company said Iconic Point is expected to become one of the key commercial centre and landmark in the Simpang ... Read More
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Interview with CM: Location of future affordable housing

Many of you must be wondering where will be the next affordable housing located? Can the government control or influence the developer's decision?  Listen to the sharing from our Chief Minister on the challenges in approving affordable housing by developers. FIND OUT MORE: Penang CM speaks to Penang Property Talk on Vision 2030 ... Read More
CAP warns against Malaysia real estate promotion in Hong Kong

CAP warns against Malaysia real estate promotion in Hong Kong

Vocal pressure group CAP has warned that a promotion drive by local developers to attract Hong Kong investors to buy properties in Malaysia in the wake of the political crisis in the island city could push house prices beyond the reach of ordinary citizens. “Encouraging foreigners to acquire properties here ... Read More
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Interview with CM: State housing policy for affordable homes

Penang government has consistently monitored the housing affordability within the state and made amendments to the housing policies, which has become necessary as a result of feedback from people and developers. Find out how does the cross-subsidization of LC and LMC works to ensure adequate supply of housing for the lower and middle-income groups. FIND OUT ... Read More

SITE PROGRESS: The Zen (Sep 2019)

About The Zen A mixed development by Asia Green at Bayan Mutiara. It is located next to Tun Dr. Lim Chong Eu Expressway, just a short drive away from the ongoing Penang World City township development by Tropicana Ivory. This development comprises a 46-storey skyscraper with two residential towers, and shop ... Read More

16 strategic initiatives to drive growth under Penang 2030 vision

The Penang government has drawn up 16 strategic initiatives to attract investors and stakeholders to invest in the state in line with the Penang 2030 vision. According to Chief Minister Chow Kon Yeow (pic), the strategic initiatives would drive the state’s economic growth in a positive direction, apart from enhancing ... Read More