Property News

SITE PROGRESS: The Zen (Jun 2020)
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

Property buying activities to increase with PENJANA incentives
The National Economic Recovery Plan (PENJANA) incentives announced on Friday are expected to heighten property buying activities in the next few months. ExaStrata Solutions Sdn Bhd’s chief real estate consultant and chief executive officer, Sr Adzman Shah Mohd Ariffin, said the stamp duty exemption under the revived Home Ownership Campaign (HOC) ... Read More

Economic Recovery Plan for Property Sector
To stimulate the property market and provide financial relief to home buyers, here are the incentives announced by Prime Minister today: 1. Home Ownership Campaign (HOC) to be reintroduced: Stamp duty exemption on the instruments of transfer and loan agreement for the purchase of residential homes priced between RM300,000 to ... Read More

Penang to reveal home ownership package next week
The Penang government is set to announce a housing ownership package next week to ease home ownership in the state. State Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the package – dubbed Housing Ownership Campaign Package (Penang edition) 2020 – has two main objectives ... Read More

SITE PROGRESS: Residensi Permatang Pauh (Jun 2020)
About Residensi Permatang Pauh Affordable housing undertaken by Excel Focus Properties Sdn. Bhd. It is strategically located within the established township of Permatang Pauh, only about 500 meters away from Butterworth-Kulim Expressway. Neighboring communities include Taman Naluri, Taman Naluri Ria and Taman Janggus Jaya. Find out more about Residensi Permatang ... Read More

Federal Govt cancels RM100mil Penang Hill cable car project
The Federal Government has withdrawn its RM100 million allocation for the development of a cable car system on Penang Hill. Chief Minister Chow Kon Yeow expressed his disappointment over the Federal Government’s decision. “The withdrawal of allocation would not only affect the continuity of the hill’s development plan, but also ... Read More

Value of residential overhang down in Q1
The value of completed and unsold properties from all segments dropped 5.3% year-on-year to RM18.91bil in the first quarter of 2020, despite more units being launched during the period, according to the National Property Information Centre (Napic). According to Napic, a total of 127,604 units were launched in the first ... Read More

SITE PROGRESS: Queens Residences (May 2020)
About Queens Residences Luxury waterfront development by Ideal Property Group at Bayan Bay with gross development value (GDV) of RM600mil. This development is located in front of BayStar Condominium, just stone’s throw away from Queensbay Mall. Find out more about Queens Residences ... Read More

Bridge to Batu Kawan will open in July
The construction works of the bridge in Valdor, connecting Bukit Tambun and Batu Kawan industrial areas, are scheduled to complete next month. Chief Minister Chow Kon Yeow said the bridge would be open in July. “The bridge is an infrastructure that can help to spur future economic growth and development in ... Read More

GBS@Mahsuri expected to be completed by September
The office space in the new GBS@Mahsuri has been fully snapped up by tenants. Penang Development Corporation (PDC) general manager Datuk Mohd Bazid Abdul Kahar said the construction works of the two-storey 80,000 sqft building would be completed in September this year. “It was initially scheduled to complete in April ... Read More
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- Affordable Housing (Penang Island)
- Butterworth Arena
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- GBS @ The Waterfront
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- Gurney Wharf
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- Kobay Jelutong
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- Linear Waterfront
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- One Auto Hub @ Batu Kawan
- Penang Arts District
- Penang Eastern Seafront Development
- Penang Medical & Digital Technology Hub
- Penang Premium Outlets (Design Village)
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- Penang Transport Master Plan
- Penang Waterfront Convention Centre
- Penang World City
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