Property News

Penang govt in no hurry for airport expansion project
The Penang government is unperturbed by the latest announcement from the Federal Government to only consider the expansion and upgrading of the Penang International Airport (PIA) after the National Airports Strategic Plan (NASP) study has been finalised. Chief Minister Chow Kon Yeow said the Penang government was still interested in ... Read More

Real Property Gains Tax Exemption is now gazetted.
Effective from 28 July 2020, RPGT exemption will be given to Malaysians for the disposal of residential homes before Dec 31 next year ... Read More

Robina Eco Park – A new clean and green attraction at Seberang Perai
Harnessing its natural assets, the Seberang Perai City Council (MBSP) has created a tranquil green space by the sea called Robina Eco Park which it hopes will stimulate domestic tourism. Better known as Taman Rekreasi Pantai Robina, the MBSP has spent RM1,464,000 to upgrade and reinvigorate the area fronting the Penang ... Read More

Real Property Gains Tax exemption causing confusion
The proposed Real Property Gains Tax (RPGT) exemption for Malaysian property owners has caused confusion among those intending to sell their property as the new rates have yet to be gazetted. National House Buyers Association (HBA) honorary secretary-general Datuk Chang Kim Loong said because of this, property sellers were not able ... Read More

Several initiatives under Penjana to rejuvenate property market
The Government through the National Economic Recovery Plan (Penjana) 2020 has lined up several initiatives to rejuvenate the property market and address the lack of affordable housing particularly for the youth. According to the Ministry of Housing and Local Government, the initiatives included home ownership campaign (HOC) 2020 whereby housing ... Read More

Penang draws RM6.8 bil investments, 4,035 jobs to be created
Penang has again topped the list of approved manufacturing foreign direct investments (FDI) for the first quarter of this year (1Q2020). The state recorded a promising RM6.8 billion in approved manufacturing FDI for the period of January to March this year. Last year (the entire year), Penang took pole position in ... Read More

Property outlook remains challenging
The outlook of the property sector remains challenging for the next one year with most developers still assessing the economic situation and deliberating whether to continue or defer future launches. AmResearch said this in a report to clients adding that it believed that consumer sentiment remains weak for the time ... Read More

Beverly Heights – An Epitome of Prestige & Privacy
Embraced by pristine forest, a whisper away from the hustle and bustle of city life lays Beverly Heights, your sanctuary within the bold coupling of in-vogue contemporary lifestyle and unsurpassed livability. Nestled within a serene 4.1 acre hill land of lush greenery on an elevation of 110m above sea level, ... Read More

Penang to launch public housing regeneration project
The Penang government plans to regenerate aged public housing schemes in the state to cater to current needs. State Local Government, Housing Development and Town and Country Planning Committee chairman, Jagdeep Singh Deo, said five housing projects have been identified for the regeneration exercise. They are Padang Tembak, Taman Free ... Read More

SITE PROGRESS: Eco Horizon (July 2020)
About Eco Horizon a 300-acre integrated mixed-development township by EcoWorld at Batu Kawan, said to be the largest scheme undertaken by a single developer. It is strategically located right opposite the upcoming IKEA, off the primary interchange linking the Second Penang Bridge to the North-South Highway. Find out more about Eco ... 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