Property News

The Ship Campus expected to open in 2021
The Ship Campus, which is the first ever campus in Penang to be located inside an industrial park, is expected to be fully operational by early next year. Once operational, it will be home to Peninsula College, the education arm of PKT Logistics Group Sdn Bhd, and can accommodate up ... Read More

Seberang Perai is the future of Penang
With a more organized and complete road network, Seberang Perai has the potential to be a growth area and is the future for the state of Penang, said the Chief Minister, Y.A.B. Mr. Chow Kon Yeow. He said that the administration he led since 2018 focused on balanced development between the ... Read More

KPKT drawing up Residential Tenancy Act to control house prices
The Ministry of Housing and Local Government is drawing up the policy for the Residential Tenancies Act to control the price of houses in the country, said its minister Zuraida Kamaruddin (pictured). She said this would take into account the interests of the landlord and the tenant, as well as ensure ... Read More

Penang CM: PTMP is on track!
The proposed projects under the Penang Transport Master Plan (PTMP) are on track, Chief Minister Chow Kon Yeow said yesterday. “I have committed to the people of Penang that whenever there is a new milestone achieved, I will meet the press to make the announcement. “The people have been informed ... Read More

Temporary freeze of Malaysia My Second Home (MM2H) programme
The Malaysia My Second Home (MM2H) programme is temporarily frozen to enable the Ministry of Tourism, Arts and Culture (MOTAC) to comprehensively restudy and reevaluate it. According to a statement from the ministry today, the move is also in line with the government’s decision of still not allowing the entry ... Read More

MBPP and IBM ink second MoU on smart city initiatives
For the second year running now, the Penang Island City Council (MBPP) has tightened its partnership with IBM Malaysia Sdn Bhd after a memorandum of understanding (MoU) was signed today. The collaboration would see both parties work closely to further enhance smart city initiatives to improve the delivery of public ... Read More

Landlords should have the right not to let their property
Putrajaya has been cautioned against restricting the rights of landlords in a new law which is aimed at preventing racial discrimination in the property market. The National House Buyers Association (HBA) said the proposed Residential Tenancy Act which the government intends to table in Parliament next year, should not restrict ... Read More

New laws to address racial discrimination in property market
A law, which among others aims to address issues of racial discrimination in the property market, would be tabled in Parliament early next year, says Zuraida Kamaruddin. Bernama quoted the Housing and Local Government Minister as saying that the law, known as the Residential Tenancy Act (RTA), was still being ... Read More

SITE PROGRESS: Imperial Grande (July 2020)
About Imperial Grande A mixed development by Modular Platinum Sdn. Bhd. (Ideal Property Group) in Sungai Ara, Penang. It is located along Jalan Fettes, surrounded by Iconic Skies, Gardens Ville and Imperial Residence. This development will offer a mix of landed and high-rise properties, with 2 level of shop offices ... Read More

Loan repayment flexibility application starts 7 Aug
The loan repayment flexibility will be opened for application from Aug 7, 2020, Bank Negara Malaysia (BNM) (pictured) announced yesterday. In its media statement after Prime Minister Tan Sri Muhyiddin Yassin’s announcement yesterday concerning the extension of loan repayment moratorium, BNM noted that it has told banks to deliver a simplified ... Read More
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OTHER DEVELOPMENTS
- Affordable Housing (Penang Island)
- Butterworth Arena
- Columbia Asia Medical Centre
- Eco-Tourism Hub @ Batu Kawan
- Escape Penang – Eco Theme Park
- GBS @ The Waterfront
- GBS by The Sea
- Gurney Wharf
- IKEA Batu Kawan
- Island Medical CIty
- Kobay Jelutong
- Lin Xiang Xiong Art Gallery
- Linear Waterfront
- Mitsui Outlet Park @ PIA
- One Auto Hub @ Batu Kawan
- Penang Arts District
- Penang Eastern Seafront Development
- Penang Medical & Digital Technology Hub
- Penang Premium Outlets (Design Village)
- Penang Sentral
- Penang South Islands
- Penang Transport Master Plan
- Penang Waterfront Convention Centre
- Penang World City
- PIA Expansion
- Silicon Island
- Teluk Bahang Wellness Resort
- The Ship Campus (ALC College)
- The Top @ Komtar
- Wellness City of Dreams