Property News

Budget 2024: Housing Sector Highlights
In the newly announced Budget 2024 Madani, themed "Madani Economy: Empowering the People" the government has allocated a total of RM393.8 billion, reflecting a slight increase from the previous budget of RM388.1 billion set in February 2023. The government looks committed to driving the New Industrial Master Plan 2030 (NIMP) ... Read More

SITE PROGRESS: Lucerne Residences (Oct 2023)
About Lucerne Residences The final phase of residential development by Ideal Property Group at Ideal Vision Park in Bayan Lepas. It is just a short drive to Penang International Airport, 10 minutes walking distance to Straits International School. The project will see two blocks of 36-storey skyscrapers featuring a European living concept. It offers 480 ... Read More

Groundbreaking for Taman Nara project in Alma
About Taman Nara by Jayamas Property Group Jayamas Property Group broke ground on Taman Nara in Alma on Tuesday. The development is located next to Taman Sejahtera, about 5 minutes walk to SMK Taman Sejahtera. It is only a mere minutes drive from abundant of amenities, such as AEON Mall, Tesco Hypermarket, banks, ... Read More

PTT Synergy acquires development land in Penang for RM70.56mil
PTT Synergy Group Bhd has entered into a sale and purchase agreement (SPA) to acquire two parcels of freehold development land for RM70.56 million via indirect wholly owned subsidiary Projek Tetap Teguh Sdn Bhd (Projek TT) today. In a filing with Bursa Malaysia, the group said the 7.28 hectares (18 ... Read More

Ascott introduces first ‘crest collection’ hotel in Penang
The George Penang by The Crest Collection in George Town has elevated the state’s tourism sector since its establishment, Chief Minister Chow Kon Yeow said. Chow attributed the success to the dedicated team of The Ascott Limited, which managed the hotel. “My heartfelt congratulations to all who contributed to this achievement, ... Read More

SITE PROGRESS: Vivo Executive Apartment (Oct 2023)
About Vivo Executive Apartment A serviced apartment within Aspen Vision City township development at Batu Kawan. It is strategically located next to the upcoming Integrated Shopping Mall, walking distance to the Central Island Park. The units will be built complete with communal co-sharing working space and a social kitchen to support ... Read More

Malaysian guidelines for EV charging bays installation in existing and new buildings
In a significant move towards promoting electric mobility and reducing carbon emissions, Malaysia has taken a leap forward with the introduction of comprehensive guidelines for electric vehicle charging bays (GPP EVCB). This initiative comes as part of the government's commitment to improving the approval process for the construction of electric ... Read More

Penang’s abandoned flats may be converted to workers’ quarters
Abandoned flats and apartments may soon be converted to workers’ hostels in Penang, as the state tries to ensure that foreign workers live among their own. State housing committee chairman S Sundarajoo said Penang was also pushing for unsold or low-demand flats or homes in Seberang Perai to be converted ... Read More

Penang will prohibit owners of low-cost homes from renting out their units
Penang state government will be putting a stop to low-cost and low-medium-cost housing owners from renting out their units. State housing exco Datuk Seri S. Sundarajoo said these affordable housing units are heavily subsidised and are only meant for those who can’t afford expensive homes. “Someone has to put their ... Read More

Astaka Hillside Tanjung Bungah to reopen on Oct 15
The much-awaited Astaka Hillside Tanjung Bungah is expected to begin its operation on Oct 15. Previously, the original Astaka Hillside Tanjung Bungah food court was ravaged by a fire in November 2020. Subsequently, the Penang government announced plans for a new food court on the same site with an estimated ... Read More
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- @kelly 950K for 3 units? Hmm, ok price i think, not too cheap, but some...Hee Chan on Affordable Housing @ The Zen
- @millionaire worst investment ever for Ideal projects, 300k state unit 1 carpark, now selling at...Hee Chan on Affordable Housing @ The Zen
- same developer as Montage? heard Montage already stop work and the developer is winding up...BTW on AFFORDABLE: Balik Pulau / Prisma Bumiraya Sdn. Bhd.
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- @Floyd If I’m not mistaken, some of the facilities in Tower B are different from...Sawtoh on Twin Star
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