Property News

Gamuda to undertake development of Island A under PSR
The Penang government today said that one of the three islands it plans to reclaim under a giant project in the south of the main island will now be handled by the private sector. Chief minister Chow Kon Yeow said the state government had now decided to let the private ... Read More

Jagdeep reminds owners about rules on homestays
Joint management bodies (JMB) and management committees (MC) of strata schemes can enact a bylaw to prevent short-term accommodations under Section 70(2) of the Strata Management Act 2013 (SMA), Penang state local government committee chairman Jagdeep Singh Deo (pictured) reminded all stakeholders, The Star reported. “We hope people are aware ... Read More

Ferringhi Residence 2 is now completed with VP
Ferringhi Residence 2 is a freehold prestigious residential development by Mah Sing Group. Located just a few minutes away from the famous tourist belt of Batu Ferringhi beach, it comprises low-rise condo villas and high-end condos with built-up area ranging from 1,208 to 1,565 sq ft. There are 3 choices of floor plan layout ... Read More

SITE PROGRESS: Urban Suites (March 2021)
About Urban Suites A commercial property development by Aspen Vintage Sdn. Bhd. (Cosmopolitan Homes) in the established township of Jelutong. It is easily accessible via Tun Dr Lim Chong Eu Expressway and surrounded by abundance of amenities. Urban Suites comprises two 42- storey towers, featuring 596 units of commercial suites. Find out more about Urban Suites Register your ... Read More

Scientex Tasek Gelugor officially opened its show unit today
Scientex Tasek Gelugor, the first landed 2-storey affordable home with freehold title in Penang by Scientex has officially opened its show unit today. The opening of the show unit was officiated by the Chief Minister of Penang, Y.A.B. Tuan Chow Kon Yeow. Also present, Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo; The ... Read More

Penang Hill upper station upgrading project
The Penang Hill Corporation (PHC) has launched its Penang Hill Upper Station Upgrading Project (Phase Four) to provide better comfort to its visitors on the hill. The RM9.3 million project would comprise expanding the waiting halls and facilities at the Penang Hill upper station. PHC general manager Datuk Cheok Lay ... Read More

Penang remains a buyers’ market
The Penang property sector is expected to see a modest recovery in 2021, with experts anticipating it to be a buyers’ market on the back of the ongoing vaccine rollout and various government incentives. Knight Frank Penang executive director Mark Saw says recovery of the residential sub-sector will depend on ... Read More

First phase of Gurney Wharf open to public next year
Phase One of the RM176 million Gurney Wharf project is expected to be completed in the first half of 2022, Penang state exco Jagdeep Singh Deo said today. The Penang housing, local government and town and country planning committee chairman said phase one of the public park will be ready ... Read More

SITE PROGRESS: The Zen (March 2021)
About The Zen A mixed development by Asia Green at Bayan Mutiara. It is located next to Tun Dr. Lim Chong Eu Expressway, just a short drive away from the ongoing Penang World City township development by Tropicana Ivory. This development comprises a 46-storey skyscraper with two residential towers, and shop ... Read More

JMB and MC need 75% approval from unit owners for short-term rental in stratified residential buildings
Short-term accommodation in stratified residential buildings in Penang can only be allowed when the Joint Management Body (JMB) or Management Corporation (MC) gets 75% approval from the unit owners. State Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo said JMB or MC would need to conduct an ... Read More
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- Penang Arts District
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- Penang Premium Outlets (Design Village)
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