Rents across Malaysia increased by 5.5% in 2023, according to data from a newly released index. Rents were now 7.4% higher than during the pandemic’s worst phase, suggests the Malaysia Home Rental Index by real estate agent network IQI, a member of Juwai IQI. In the fourth quarter, it said ... Read More

Penang’s residential launches which resumed in 2023 are expected to gain momentum in 2024, CBRE|WTW said. In its Real Estate Market Outlook 2024 report launched yesterday, the property consultancy said new launches of high-rise residentials will comprise mainly those located on the island, while landed residentials will be in Seberang ... Read More

Penang Development Corporation (PDC) has signed a Memorandum of Agreement (MoA) with the Penang State Housing Board (LPNPP) regarding the ownership of 59 parcels in Block H, Mahsuri near Bayan Baru here. The agreement was signed between the Deputy Chief Executive Officer of PDC, Roslan Hassan, and the Chief Executive ... Read More

About Straits City A 40-acre prime seafront integrated development by the Singapore Exchange-listed Straits Trading Co Ltd and its dual-listed subsidiary, Malaysia Smelting Corp (MSC). Strategically located in the Central Business District of Butterworth, a mere 2km from Penang Sentral, Straits City enjoys unparalleled connectivity with well-established transportation options such as trains, and ... Read More

In the bustling heart of George Town, the KOMTAR Bazaar beckons entrepreneurs with an exciting proposition – affordable retail lots in a strategic location. Now, those seeking a new business location can thrive in the heart of George Town, enjoying easy access to diverse customer bases, all at an affordable ... Read More

PE Land Sdn Bhd, a pioneer developer in Bandar Cassia, is set to transform the Batu Kawan skyline with its first Grade A and green office tower in the northern region. Called the Capstone Corporate Suites, this project will offer first-of-its-kind commercial offices and retail units to local and multinational ... Read More

Penang has recorded an increase in the supply of affordable houses (RMM) by 154,685 units or 70.31 per cent at various stages from 2008 to December 31 last year. State Housing and Environment Committee chairman Datuk Seri S. Sundarajoo said from the total, 50,700 units of RMM have been completed ... Read More

About Sanctuary Terrace A residential development by IJM Land at Alma in Bukit Mertajam. Located on 8.9 acres of land along Jalan Santuari 2, about a 20-minute drive to both Penang bridges. Nearby amenities include AEON Mall, Tesco Hypermarket, eateries, schools and banks. This development will offer 95 units of 2-storey terrace houses. *Photos taken in ... Read More

Penang will give importance to mega infrastructure projects such as the light rail transit (LRT), airport expansion, and Silicon Island in 2024. In his New Year message on Sunday, Chief Minister Chow Kon Yeow said the state government is confident that the Silicon Island project will replicate the success of ... Read More

Happy New Year! As we stand on the cusp of a brand new year, with the calendar flipping to January 1, 2024, it is with great excitement that we extend our warmest wishes to each and every one of you. May this year be filled with boundless opportunities, joy, and ... Read More