Property News

Interview with CM: Will Penang mirror Singapore by 2030?
Penang Island is sometimes known to have some resemblance to Singapore. Both Penang Island and Singapore are separated from the mainland by a narrow strait with a lack of land for development. The government in both Penang Island and Singapore generally encounters similar challenges whenever there is a need to ... Read More

Penang needs to reclaim past glories
Land is a scarce resource on Penang island. Luckily, in these modern times, we do not have to go to war to seek territorial expansion. There is something called reclamation, which is common in the world nowadays. For Penang, reclamation is nothing new as it was done in Bayan Lepas ... Read More

Seberang Perai is now officially a city
Seberang Perai became the nation’s 14th city today, and its outgoing municipal council president, Datuk Rozali Mohamud, was appointed mayor. The Seberang Perai Municipal Council (MPSP) was officially declared the Seberang Perai City Council (MBSP) by Penang Yang di-Pertua Negri Tun Abdul Rahman Abbas in conjunction with Malaysia Day. The ... Read More

Oct 14 deadline for Penang property owners to appeal against assessment rate hike
Penang property owners have to be prepared to pay higher assessment rates next year as the state’s two local councils review the rates to counter increased expenditures. All property owners will receive the notices on the increase this month, and they have up to October 14 to send in appeals ... Read More

Interview with CM: The status of Undersea Tunnel and Sky Cab projects
The proposed Penang undersea tunnel project report submitted for review by the technical consultant is over 90% complete and there’s no plan to stop the projects. We have also touched on the Penang Sky Cab cable car project, which will link Seberang Prai to the island. In the interview below, ... Read More

Luxury houses are promoted to foreigner under MM2H, not HOC
All parties should stop the polemic over the issue of unsold luxury properties in the country as they are being promoted abroad under the procedures and conditions of Malaysia My Second Home (MM2H) programme. Deputy Housing and Local Government Minister Datuk Raja Kamarul Bahrin Shah Raja Ahmad Baharuddin Shah (pictured) ... Read More

Penang property owners to pay higher assessment rates next year
Penang’s two local councils will be increasing the assessment rates on all properties within the state in 2020. State local government, housing development and town and country planning committee chairman Jagdeep Singh Deo said the hike was due to higher spending costs. “It has been 15 years since we reviewed ... Read More

All Seasons Park – A Landmark Development
All Seasons Park, is a completed landmark development in Ayer Itam, ushering in a contemporary modernity that subtly resonates with the busy, colourful vibe of this well-known Penang suburb. This integrated development promises a complete lifestyle experience to those born and bred in Penang, who may be returning to their ... Read More

Interview with CM: Public response on Bayan Lepas LRT
Penang’s first LRT project has been approved by federal government on 16 July 2019, with 30 conditions for the state to comply. A three-month public inspection process started Aug 19 to obtain the views of Penangites. The public can now find out more about the LRT project at four fixed locations during office ... Read More

Minister thinking about organising HOC campaign in Hong Kong or China
Housing and Local Government Minister Zuraida Kamaruddin plans on taking Malaysia’s Home Ownership Campaign (HOC) to Hong Kong and China. Speaking to a press conference at the outskirts of the 2019 Smart Cities Asia Annual Conference and Exhibition, she explained that properties in Malaysia are far cheaper than those found ... Read More
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- Affordable Housing (Penang Island)
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- Penang Arts District
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- Penang Premium Outlets (Design Village)
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