Property News

The Penang Bay International Ideas Competition to be held by September
The Penang Bay International Ideas Competition will proceed and is scheduled to be held by September this year. Penang Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the date of the competition was shifted due to the Covid-19 crisis. “Nevertheless, the competition will go on ... Read More

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

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

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.
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

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

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

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

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

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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RECENT COMMENTS
- @LL Oppss. Sorry. Ikan bakar will be relocate to other place later. I past through...Minion on The Pier
- Queens price is dropping? I bet you were outdated. Some owner was posted at Mudah...millionaire on The Pier
- @Jacky Great point. Queens price is dropping due to no demand in subsale. Lesson learned...millionaire on The Pier
- The issue is that the expansion of Airport Terminal 3 hasn't started calling for tender...Dan on Penang International Airport expansion to complete by June 2028
- LL : @connie It won’t be, and seaview is not the major attraction point....Minion on The Pier
- Po : why this project no more update? is it still on going? because...Minion on Bayan Suite
- CCC obtained ...666 on Mezzo @ The Light City
- @connie It won't be, and seaview is not the major attraction point. The location and...LL on The Pier
- May i know the studio is what selling price now? unit no is? ...GW on Woodsbury Suites @ Harbour Place
- @connie What is the lost? Pier is seafront condo & no issue on Seaview. Even...Jacky on The Pier
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OTHER DEVELOPMENTS
- Affordable Housing (Penang Island)
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- Kobay Jelutong
- Lin Xiang Xiong Art Gallery
- Linear Waterfront
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- Penang Arts District
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- Penang Premium Outlets (Design Village)
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