Property News

Property market to stabilize as economy improves
The overall property market is expected to stabilise this year, underpinned by the improving Malaysian economy that had recorded 5.9% GDP growth last year, said Valuation and Property Services Department’s (JPPH) National Property Information Center (Napic) director Md Badrul Hisham Awang. “The property transaction volume and value are expected to ... Read More

Oh… I know why you are not buying, and why you can’t sell your properties
* Article by Freemind Works * And yes, it has all got to do with GE14 which is around the corner. To discover how the Malaysia’s 14th General Election affect the property market. Click here. In many of my talks, I always ask the audience through a survey; and the result ... Read More

The Tamarind chosen as Best Condo in Penang
Premier lifestyle developer Eastern & Oriental Berhad (E&O) scored three awards at the recent PropertyGuru Asia Property Awards (Malaysia) 2018. At the black-tie awards ceremony, E&O’s executive apartments, The Tamarind in Seri Tanjung Pinang masterplanned development emerged tops in the Best Condo Development (Penang) category. Receiving the award on behalf ... Read More

Readers Column – Write to us about property in Penang
“It is not about wanting to be the best but it is about being better than who you were yesterday.” With this mindset, it has brought Penang Property Talk to where it is today. Today, we are the number 1 most popular property portal in Penang and we have more ... Read More

Strata Management Act at a glance
If you are a strata owner or occupier, you are the individual owner of your unit. Also, you play a role as the co-owner to all common property shared inside the development. You are subjected to pay a monthly management fees to Joint Management Body (JMB). The maintenance and management ... Read More

Penang residential overhang more than doubles
The residential overhang in Penang more than doubled to 3,916 units worth RM3.82 billion in 2017 from 1,896 units worth RM1.47 billion in 2016, the Valuation and Property Services Department (JPPH) said in a report. In its “Malaysian Property Market Report 2017”, JPPH said the majority of residential overhangs in ... Read More

Idyllic homes in garden township
In the last pristine corner of Penang island, a piece of old Penang is being recreated — a township with lush tropical landscapes that soothe and rejuvenate. With spacious grounds for children to freely run and play in, Botanica.CT in Balik Pulau is where one finds absolute peace of mind ... Read More

Building under construction in Tanjong Tokong catches fire
A building still under construction (Tri Pinnacle) at a site in Tanjong Tokong caught passers-by and motorists off guard after smoke started billowing from the premises. The Bagan Jermal Fire and Rescue Department fire station received a distress call about 5.30pm yesterday on the incident as thick smoke could be ... Read More

Queens Residences – Progress Update (April 2018)
Queens Residences is an on-going waterfront development by Ideal Property Group at Bayan Bay. It is strategically located next to Queensbay Mall, facing Jerejak Island. The project will be developed on the reclaimed land in four phases, comprising more than 2,100 residential units. If you are one of the proud owners ... Read More

Home buyers must be heard before extension of time is applied
The Ministry of Urban Wellbeing, Housing and Local Government must give home buyers the right to be heard before developers are given an extension of time (EOT) to complete a project, the Court of Appeal ruled today. The landmark decision will have far-reaching consequences for homebuyers whose properties are delivered ... Read More
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