Property News

RM2.25b allocation in housing assistance for the poor
The government has allocated RM2.25 billion to provide housing assistance to the poor under the 12th Malaysia Plan (12MP), said Prime Minister Datuk Seri Ismail Sabri Yaakob. He said the allocation was to build and repair 85,500 units of houses, namely 75,000 units in rural areas and almost 10,500 units in urban areas, under ... Read More

Penang not ruling out third bridge option
Penang has yet to decide if it will go for a third bridge crossing instead of an undersea tunnel connecting the island and Seberang Perai. Chief minister Chow Kon Yeow said the state has so far conducted a feasibility study on the construction of an undersea tunnel only. “The study ... Read More

KPKT plans two PPR in Penang
The Housing and Local Government Ministry (KPKT) plans to implement two People’s Housing Projects (PPR) in Penang under the 12th Malaysia Plan, said its minister Datuk Seri Reezal Merican Naina Merican. He said compared with others states, the number of PPR houses in Penang was still very low, with the ... Read More

Penang Housing Board ready to start its first affordable housing project in Bayan Baru
The Penang Housing Board, which came into full operations in January this year, is set to kick start its first affordable housing scheme in Bukit Gedung, Bayan Baru. State Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the project is expected to have its groundbreaking ... Read More

SITE PROGRESS: Valencia Residence (Sept 2021)
SHOW GALLERY 360 VIRTUAL TOUR [View in FULL SCREEN] About Valencia Residence Affordable yet luxuriously comfortable, Valencia Residence nestled within a friendly neighborhood with a myriad of cultures and ethnicities. It is conveniently located with an abundance of nearby amenities which include international schools, hospital, golf course, and malls. With ... Read More

Construction workers in Penang must undergo fortnightly Covid-19 testing from October
Construction workers will have to undergo Covid-19 testing at least once every two weeks following a new rule enforced by the Penang Island City Council, says its mayor Datuk Yew Tung Seang. He said beginning from October, construction companies will be required to submit the test results of their workers ... Read More

Penang Hill cable car project is still in the plan
The proposed Penang Hill cable car project does not affect the Unesco recognition of the Penang Hill Biosphere Reserve, says state Local Government, Housing, Town and Planning Committee chairman Jagdeep Singh Deo. He said many areas which have been listed as Unesco biosphere reserves throughout the world have cable car ... Read More

Aspen Group Kicks Off a Limited Flash Deals in its Craze Race Campaign
The award-winning and forward-looking property developer, Aspen Group is creating a sensation in the property market by offering unbelievable flash deals on exclusive units of its completed projects for a limited period of time as part of its Craze Race Campaign. The Craze Race Campaign that started on 9th September ... Read More

Esplanade seawall project to be completed by Q1 next year
The seawall restoration project at the Esplanade would be completed in the first quarter of next year while the Fort Cornwallis moat reinstatement project, which would be implemented next year, would be completed in 2024. YB Jagdeep mentioned this during a press conference on the current status of the Penang Hill Special ... Read More

SITE PROGRESS: Queens Residences (Sept 2021)
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
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