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Property News

overhang

Over RM20bil worth of residential properties remain unsold

Some RM20bil worth of residential properties remain unsold due to an overhang, says Housing and Local Government Minister Zuraida Kamaruddin (pic). "Based on the First Quarter 2020 Property Market Report by the National Property Information Centre (Napic), a total of 31,661 completed units remain unsold with a value of RM20.03bil," ... Read More
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Stern actions will be taken against Penang JMBs and MCs that fail to comply with SOP

Stern actions will be taken against joint management bodies (JMBs) and management corporations (MCs) that fail to comply with the COVID-19 standard operating procedures (SOP) to curb the spread of COVID-19 in stratified buildings. State Housing, Local Government and Town and Country Planning Committee chairman Jagdeep Singh Deo said that ... Read More
penang-sentral-empty

Penang Sentral almost deserted

The COVID-19 pandemic, that is still plaguing the world, has been affecting all walks of life, especially small traders who are feeling the pinch the most due to the outbreak. A check at the Penang Sentral yesterday found that the majority of traders were concerned as they have hardly any ... Read More
setial-sky-ville-Site-progress-15Nov2020

SITE PROGRESS: Setia Sky Ville (Nov 2020)

About Setia Sky Ville One of the most popular development by SP Setia in Jelutong. It is strategically located off Lorong Slim, just a short drive away from various high schools, namely Heng Ee secondary school, Penang Free School and Han Chiang College. This development features 550 residential units with built-up sizes ranging from 1,036 ... Read More
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List of Penang condominiums & apartments affected by Covid-19 in the past 14 days (Updated 17/01)

Living in high-rise buildings like condominiums, apartments or flats during this pandemic can be challenging as the residents often share spaces in elevators, stairwells and other common areas. You are reminded to always sanitize your hands and wear a face mask when you step out of your unit. Below is the list ... Read More
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COVID-19: Suspected Covid case at Universiti Heights

A suspected Covid-19 case has been reported at Universiti Heights apartment near USM yesterday.  The resident is now under self-quarantine at home until the end of this month. The management of the apartment has issued a notice to the residents informing them on the matter and called on everyone to strictly adhere to the standard operating procedures ... Read More
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SITE PROGRESS: QuayWest Residence (Nov 2020)

About QuayWest Residence Luxury residential development located next to Penang World City in Bayan Mutiara, Penang. This development comprises 1,235 condominium units in two 24-storey towers. Tower A offers 669 units with built-ups from 1,246 to 3,222 sq ft. Tower B comprises 566 units of various types, 253 units of which ... Read More
homestay-jagdeep

Penang to seek federal legislation on short-term homestay at high-rise buildings

Penang will propose to Putrajaya an amendment to the Strata Management Act to regulate short-term accommodation services at high-rise residential buildings. State Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo said he would bring up the proposal in a virtual meeting on a national local government council ... Read More
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COVID-19: Confirmed Case at East Tower Gurney Paragon Residences

Gurney Paragon Residential JMB has released a notice yesterday confirming one positive COVID-19 case at their East Tower.  The notice emphasized that after being informed about the case,  the management have disinfected specific areas and areas involved, and provided relevant assistance. The management seeks corporation from everyone in the building. If you need to ... Read More
scientex-tasek-gelugor

Scientex aims to deliver 50,000 affordable homes over eight years

Scientex Bhd is committed to continue building and delivering 50,000 units of affordable houses in Malaysia within the next eight years. Property division chief operating officer Datuk Alex Khaw Giet Thye (pic) said the target could be achieved under the company’s Vision 2028. “Our objective is in tandem with the ... Read More