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Property News

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Upcoming worker’s hostel at Penang Science Park

Proposed 684-room worker's hostel at Penang Science Park North in Bukit Minyak by Biopolis Resources Sdn. Bhd. in collaboration with PDC. Located adjacent to JLL Malaysia Sdn. Bhd., just a stone's throw away from Ibiden Electronic Malaysia. This development will see the construction of five hostel blocks, with a total ... Read More
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Developers fine-tune strategies to attract buyers

During these challenging times of the coronavirus, developers have fine-tuned their marketing strategies in ways that can be very tempting for the potential house buyer. It is no longer as straightforward as, say, a decade ago where this is the price, this is down payment, and here is the loan amount ... Read More
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Not OK to waive maintenance fees in light of Covid-19

Many strata property owners may have sought waivers or discounts on maintenance fees since the Covid-19 outbreak and the ensuing Movement Control Order (MCO) period but such fee waivers and discounts are not viable as any adjustments in fee collection or sinking funds will need the approval of property owners ... Read More
Federal Court: Single rate of maintenance fees for all the parcels in the project.

Federal Court: Single rate of maintenance fees for all the parcels in the project.

The Federal Court has today rejected an application for leave to appeal against the Court of Appeal’s (COA) decision in the Menara Rajawali case. The COA had decided on Oct 4, 2019 that the Joint Management Body (JMB) of the mixed development is required to fix a single rate of ... Read More
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MM2H holders are allowed to return to Malaysia

Malaysia My Second Home (MM2H) participants stranded abroad have been allowed to return to the country since May 14, following the easing of movement restrictions. Tourism, Arts and Culture Minister Datuk Seri Nancy Shukri said there were 253 MM2H participants and their dependents who had requested to return to Malaysia ... Read More
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Penang will be ready to welcome tourists by Q3, Q4 2020

Penang expects to welcome tourists by third or fourth quarter of this year following the outbreak of Covid-19 pandemic. Penang Tourism, Arts, Culture and Heritage Committee chairman Yeoh Soon Hin said despite Penang being a green zone state, the state is still working to rebuild the tourism industry. “We can ... Read More
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Penang to allow dine-in at all restaurants from May 18

Penangites will be able to dine in at all eateries in the state from Monday (May 18). Chief Minister Chow Kon Yeow (pic) confirmed this during his press conference via Facebook on Friday (May 15). "This was decided at the state exco meeting on Wednesday (May 13). "We have decided ... Read More
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The Light City project to resume in August

IJM Land Bhd will restart work on the stalled RM4.5bil The Light City project, which is located next to the Penang Bridge, in August. IJM Perennial Development Sdn Bhd general manager Tan Hun Beng said the construction work was supposed to start in April. IJM Perennial is a joint-venture company ... Read More
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Penang allows food premises to provide dine-ins in stages

The Penang Security Special Commitee (JKKN) has allowed food and beverage outlets to provide dine-ins in stages. Chief Minister Chow Kon Yeow said the first phase would start on May 15 (Friday). “The Penang JKKN only allows food outlets located in the hotel, supermarket and fast food franchise to provide ... Read More
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Affordable housing at Island Glades to proceed as planned in Q4

Ideal United Bintang International Bhd (IUBIB) will develop RM828.6mil worth of property for the 1Malaysia People’s Housing or PR1MA programme in the fourth quarter. Dubbed Penang’s “Property King”, group executive chairman Tan Sri Ooi Kee Liang told StarBiz that the project is located in the sought-after neighbourhood of Island Glades ... Read More