Property News

MIEA: Property market to recover in 2022 with renewed consumer confidence
A strong recovery in 2021 from 2020 has signalled a return of consumer confidence and an improved property market this year, said the Malaysian Institute of Estate Agents (MIEA). In a statement today, MIEA president Chan Ai Cheng said that more importantly, the public must take heed of the fact ... Read More

Penang tunnel must be at least 23m under seabed
If there is to be a tunnel under the sea between the Penang island and the mainland, it needs to be at least 23m beneath the seabed – almost equal to the height of a seven-storey building. This is among the critical technical considerations to ensure the port’s growth if ... Read More

BNM: Housing market activity improves heading into 2022
Some improvements in housing market activity are visible heading into 2022, although the number of unsold houses remained high at 180,702 units in the third quarter (Q3) of 2021. Disruptions caused by the pandemic partly contributed to the slower clearance of unsold housing stock despite ongoing home purchase incentives, said ... Read More

SITE PROGRESS: Havana Beach Residences (Mar 2022)
About Havana Beach Residences Affordable housing development by Ideal Property Group at Bayan Lepas. Strategically located near Jalan Tun Dr. Awang, less than 2km away from Penang International Airport. It is about 5 minutes walking distance to SMJK Heng Ee (Bayan Baru branch). Find out more about Havana Beach Residences Register your ... Read More

Penang’s ferry terminals upgrade to be completed by August
The project to upgrade the two ferry terminals in Penang will be completed in August and will have airport-like facilities as well as cater to persons with disabilities (PwD). Penang Port Commission (PPC ) chairman Datuk Tan Teik Cheng said the upgrading works at the Pangkalan Sultan Abdul Halim (PSAH) ... Read More

Desa Mawar neighbourhood park at Air Itam now officially opened
It was a joyful Sunday morning for those living in Air Itam as the Penang government officially announced the opening of the long-awaited Desa Mawar neighbourhood park here. Measuring 6,855sq ft, the park was upgraded and installed with various attractive facilities for the people to enjoy. The construction works at the ... Read More

Titijaya and DHL to develop semiconductor logistic facility in Batu Maung
Penang will see the establishment of its first-ever ultra-modern logistics commercial complex in Bayan Lepas next year. Titijaya Land Berhad and DHL Supply Chain (M) Sdn yesterday signed a Memorandum of Agreement (MoA) to develop the complex at a 20-acre mixed development site in Bayan Lepas. Chief Minister Chow Kon Yeow, ... Read More

SITE PROGRESS: Queens Residences – Q2 (Mar 2022)
About Queens Residences Luxury waterfront development by Ideal Property Group at Bayan Bay with gross development value (GDV) of RM600mil. This development is located in front of BayStar Condominium, just stone’s throw away from Queensbay Mall. Find out more about Queens Residences Register your interest here to keep yourself updated with ... Read More

Asia Green’s The Zen expected to be ready early next year
Asia Green Group’s affordable homes project, called The Zen, is progressing well and is expected to be ready by early next year, state Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo said. Jagdeep and several staff members from the Penang Housing Board, as well as architects ... Read More

Esplanade seawall upgrading is expected to complete by end next month
Works on the RM14mil Esplanade seawall upgrading are on schedule, with completion expected at the end of April. Outlining the project works, Perunding YAA Sdn Bhd said it employed methods and construction materials that would “harmonise” with the qualities and heritage significance of the George Town World Unesco Heritage Site ... Read More
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- @kelvin Wow 750k then i rather wait for Lucerne than Amarene. I believed this is...Jason Kee on The Amarene
- @ryu I see. By building RM500k to 700k can attract morr foreigner & improve status...Thinesh on Property prices likely to increase before year-end
- Wow, suddenly many sales talk for Ideal properties, Penang Property Talk website can get some...jack on The Amarene
- @Thinesh, I means normal condo priced around 500k to 700k (above the ceiling price set...ryu on Property prices likely to increase before year-end
- @ryu What do you mean normal condo? What is the range? During MCO many good...Thinesh on Property prices likely to increase before year-end
- Then RIP to B40s.. hahaha.. let's encourage government to approve more luxurious project and reject...Alan on Property prices likely to increase before year-end
- @kelvin Looking for urgent sell or below market price only.. ...James Tee on The Amarene
- @Xoxo That's why Setia until today still many unit left. No solution. It's design even...Setia Cry on Lucerne Residences
- Hi Linz, what’s the package for smallest unit in Tower C ...Xoxo on Triuni Residences
- @Ryu Any action taken from setiaskyville developer for the rainwater issue? ...Xoxo on Lucerne Residences
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- Penang Arts District
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