Property News

Penang to spur property sector and ensure sufficient supply of affordable homes
The Penang government will come out with an action plan to ensure that the low-income earners will still have access to affordable homes post Covid-19. State Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh said it was undeniable that the property sector would face tough times ahead. “We ... Read More

Penang electrical and electronic shops, laundrettes to open for business starting today
Penang has decided to allow electrical and electronic shops, along with full-service laundry shops in the state to reopen from tomorrow onwards, Penang Chief Minister Chow Kon Yeow announced today. He said these sectors have applied and obtained approval from the Ministry of International Trade and Industry (Miti) to reopen ... Read More

Covid-19 crisis forces Penang to review PSP & Penang 2030 vision
The Penang government will review the Penang Structure Plan (PSP) 2030 and Penang 2030 vision as it grapples with fallout from the Covid-19 pandemic. State Local Government, Housing Development and Town and Country Planning Committee chairman Jagdeep Singh Deo said that both documents are crucial to map out the future ... Read More

Residential property prices to surge after COVID-19
Residential property prices are expected to surge in 2021 after stalling this year due to the Covid-19 pandemic, according to a nationwide study by real estate sales and media company Juwai IQI. In its Q1 2020 Property Index and Survey for Malaysia, Juwai IQI predicted that residential property prices would ... Read More

After 4 days without new cases, Penang hopeful of green zone status
After four days without new Covid-19 cases, the Penang government is hopeful the whole state could be declared a green zone state by April 27 if no new cases are reported in all of its districts for 14 days. Seberang Perai Selatan could be the first district to be a ... Read More

Penang can be green states if no new Covid-19 cases in 14 days
Kedah, Perlis and Penang can be the first states in the country to be declared as Covid-19 green states, according to Health Ministry director-general Dr Noor Hisham Abdullah in a Malaysiakini report yesterday. However, there is a catch to it. According to Noor Hisham, the three northern states would have ... Read More

Property prices expected to drop by as much as 20% following Covid-19
Property prices are expected to decline by as much as 20% in the next few months with more motivated sellers, as the impact of Covid-19 continues to unfold. During the online Asean Real Estate Forum, Malaysian Institute of Estate Agents (MIEA) president Lim Boon Ping said that the Malaysian real ... Read More

Penang police warn of stricter enforcement during MCO 3
"From now on, we will be very strict in our checks. "We will ask for every single detail such as their address and such until we are satisfied. “There is no reason for someone from Farlim to come all the way to Jelutong just to get food. Aren’t there any ... Read More

MIEA warns public to beware of property scams
The Malaysian Institute of Estate Agents (MIEA) is advising the public to be cautious in buying and selling properties during the Movement Control Order (MCO) period to avoid falling prey to scams. MIEA noted that amid the MCO, the majority of Malaysians who are keen to buy or sell property ... Read More

Jalan Sultan Azlan Shah flyover closed to Bayan Lepas-bound traffic from Monday (April 13)
The flyover along Jalan Sultan Azlan Shah here will be closed to traffic from George Town heading to Bayan Lepas from Monday (April 13) following the extension of the movement control order (MCO). Southwest district OCPD Supt A. Anbalagan said the closure was meant to limit public movement and at ... Read More
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