The government will allow the setting-up of property crowdfunding  platforms which will serve as an alternative source of financing for first time homebuyers, said Finance Minister Lim Guan Eng yesterday. The first exchange is expected to go live in the first quarter of 2019, after all necessary approvals are obtained ... Read More

Penang will have to wait a little longer to know whether the state will get federal allocations for its projects. A check on the 2019 Estimated Federal Expenditure of several ministries at www.treasury.gov.my after Finance Minister Lim Guan Eng tabled the budget yesterday shows no mention of specific development funds ... Read More

Below are Budget 2019 highlights for housing: 1. RM1.5bil to build and complete affordable homes under the People’s Housing Programme, Civil Servants Housing Project, PR1MA, and Syarikat Perumahan Nasional Bhd. 2. RM1bil fund to be set up by the Central Bank of Malaysia (BNM) for those earning under RM2,300 per ... Read More

Niche property developer Runnymede Group of Companies (Runnymede Group) has signed a landmark MOU with Ritz-Carlton, the famed luxury and lifestyle hotel and resort brand, for the management of a luxury hotel and residency units within the Runnymede Place development in Penang, Malaysia. This nearly five-acre seafront development is located ... Read More

Mah Sing Group Berhad (Mah Sing) celebrated the opening of its Southbay Sales Gallery at Batu Maung after closing down the lobby and outdoor landscape for renovation a month ago. The opening celebration kicked off with a ribbon cutting ceremony and lion dance performance to usher in good luck and ... Read More

Following numerous calls for lower property prices, the Real Estate and Housing Developers' Association Malaysia (Rehda) has come out to say that house buyers can now expect prices to be at least 5% lower for new launches. This is partly attributable to 2.5% to 5% of savings for developers after ... Read More

Emerald Tower, an upcoming serviced residence by GTM Group near Bandar Perda in Bukit Mertajam. Strategically located along Jalan Permatang Pauh, next to the Prominence condominium by Bionic Development Sdn. Bhd. It is only 10 minutes drive to Penang bridge via Jalan Baru, just a stone's throw away from Mydin Mall ... Read More

The Housing and Local Government Ministry recorded a property overhang of worth RM22.5 billion in unsold houses nationwide, with 73 per cent of them comprising affordable houses priced at RM250,000 and above, said its minister Zuraida Kamaruddin. She said the government had discussed the matter with the Malaysia Real Estate ... Read More

Seberang Prai in Penang mainland has come a long way from being a sleepy cowboy town to becoming a bustling and developing residential and commercial giant. The main town in Seberang Prai, which is linked to Penang island via a 13km Penang Bridge is Butterworth. Other prominent towns include Bukit Mertajam, ... Read More

Penang Chief Minister Chow Kon Yeow believes the Penang City Council (MBPP) will do its best to ensure that the construction work on the Bukit Kukus Twin Highway, Paya Terubong near here can be resumed safely. He said engineers will take a look at the design of the project and ... Read More