Property News

PR1MA ‘rent-to-own’ housing scheme to be launched in June
The rent-to-own (RTO) housing scheme as announced under Budget 2021 involving PR1MA homes nationwide is expected to be launched this June. Housing and Local Government Minister (KPKT) Datuk Zuraida Kamaruddin said the ministry is in the midst of discussions and refining on the housing scheme mechanism with banking institutions. “The RTO ... Read More

SITE PROGRESS: Sunshine Residence (March 2021)
About Sunshine Residence A 39-storey serviced residence by Suiwah Group at Bandar Baru Air Itam. It is part of the Sunshine Central mixed development on the old Sunshine Farlim site, next to Farlim Square shop offices. Featuring 9 levels of commercial floors with car parking podium, office, hotel and residential towers. Find out more about Sunshine Residence Register ... Read More

Tunku’s house in Pulau Tikus is up for sale for RM62 million
The former residence of the first prime minister of Malaysia, the late Tunku Abdul Rahman Putra Al-Haj in Pulau Tikus, Penang is on the market for a whopping RM62 million, making it the most expensive listing today. The six-bedroom double-storey detached residence with an annexed servants' quarters has been listed ... Read More

Know your rights as strata property owners, says MBPP mayor
Strata property owners should know their rights involving any issues related to the joint management body (JMB) or management committee (MC) members who are in charge of the building management of strata residences. Penang Island City Council (MBPP) mayor Datuk Yew Tung Seang said the problem nowadays is that many ... Read More

SITE PROGRESS: Havana Beach Residences (March 2021)
About Havana Beach Residences Affordable housing development by Ideal Property Group at Bayan Lepas. Strategically located near Jalan Tun Dr. Awang, less than 2km away from Penang International Airport. It is about 5 minutes walking distance to SMJK Heng Ee (Bayan Baru branch). Find out more about Havana Beach Residences Register your ... Read More

Scientex 2Q net profit up 15% to RM112m on robust property sales
Scientex Bhd's net profit for the second quarter ended Jan 31, 2021 (Q2), rose 15.1 percent to RM112.2 million as compared to RM97.5 million a year ago. Revenue however fell to RM906.5 million from RM914.4 million previously, the group said in a statement yesterday. It said the higher net profit ... Read More

Penang Bay – A potential SDG City Zone to unlock opportunities
Penang is preparing itself for the next phase of growth and development by incorporating innovative ideas to transform the Penang Bay area into a new Sustainable Development Goal (SDG)-compliant and economic zone. The Penang Bay area includes the George Town and Butterworth waterfronts. Think City managing director Hamdan Abdul Majeed ... Read More

North seafront project to be ready by end of the year
Work on the north seafront project at the Esplanade in Penang is 50% complete with nine out of 14 projects completed. State local government committee chairman Jagdeep Singh Deo said the project costing some RM140mil, which began in August 2018, is expected to be completed by the end of the ... Read More

Penang eyeing more industrial land following rising demand in Batu Kawan
The Penang government is on the lookout for more industrial land to meet the rising demand for such properties following the encouraging take-up in Batu Kawan by investors. Penang Chief Minister Chow Kon Yeow said the Batu Kawan Industrial Park was a "smashing success" due to the rapid land take-up ... Read More

SITE PROGRESS: Marriott Residences (March 2021)
About Marriott Residences A mixed development by BSG Property in Georgetown in Penang. It is located between the famous tourist belt of Gurney Drive and Kelawai Road, next to Evergreen Laurel Hotel. The project comprises a 55-storey skyscraper, featuring a mixed of hotel rooms and condominium units Find out more about Marriott Residences Register your interest ... Read More
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