Property News
Bukit Kukus paired road expected to open by end of this year
Penang’s Bukit Kukus paired road, touted to be the highest elevated route in the country, will be partially open to traffic by year’s end. The road, which rises 55m from the pile caps, links Bandar Baru Air Itam and Relau and hugs the slopes on the southern reaches of the ... Read More
SITE PROGRESS: Urban Suites (Oct 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
The property market is expected to improve starting in 2022
The Real Estate and Housing Developers' Association Malaysia (REHDA) expects the property market to fully recover starting in 2022, given the positive domestic economic outlook. According to the Property Industry Survey 1H2021 and Market Outlook 2H2021/1H2022, which were released today, 22% and 25%t of the 180 respondents were optimistic about ... Read More
SITE PROGRESS: Fairview Residence (Oct 2021)
About Fairview Residence Affordable housing development at Sungai Ara, Penang. Strategically located next to Setia Pinnacle by SP Setia, about 10 minutes drive away from Setia SPICE. This is a joint venture development between BSG Property and VST Group. It features 34-storey condominium offering 750 units of affordable housing, with a standard ... Read More
NHC to ensure a centralised public and affordable housing industry
The Local Government and Housing Ministry is currently conducting an extensive research on the proposed National Housing Corporation (NHC). Its minister Datuk Seri Reezal Merican Naina Merican said the objective to have the NHC was to ensure a centralised and standardise public and affordable housing industry for easier monitoring. “Currently, ... Read More
Hotayi BK2 expansion project at Batu Kawan
Another milestone is on the way for Hotayi Electronic (M) Sdn Bhd as they celebrated the groundbreaking ceremony of a new plant called ‘Hotayi BK2’ in Batu Kawan today. Founded in 1992, the company is hopeful of celebrating not one but two achievements next year, which is its three decades of ... Read More
SITE PROGRESS: Wellspring Residences (Oct 2021)
About Wellspring Residences A high-rise residential development by Airmas Group in Butterworth. Located near Jalan Telaga Air, next to Telaga Emas Apartment by the same company. It is about 500 meters away from the ever-bustling Jalan Raja Uda, and only a 5 minutes drive to Penang Sentral. This development comprises a 21-storey condominium, featuring 144 ... Read More
MBSP and Think City sign MoU to create ‘20-Minute City’
One day, pedestrians or those cycling from one location to another around the city of Seberang Perai may only take less than 20 minutes, such as Melbourne (Australia) and several other famous cities in the world. This was mentioned by the Mayor of Seberang Perai City Council (MBSP), Dato 'Sr. Rozali ... Read More
Five-year plan RMMPg aims to supply 7,838 units of affordable homes
The Penang Housing Board has rebranded its five-year Penang Housing Board Development Master Plan for the year 2021 to 2025. Penang Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the five-year master plan would now be named as Rumah Mampu Milik Penang (RMMPg). In a media ... Read More
HOC may extend to secondary housing market
The government may extend the Home Ownership Campaign (HOC) benefits to the secondary market, the National Property Information Centre (Napic) said. It may also freeze the development of stratified buildings to resolve the overhang in the various segments of the property market. The HOC benefits include substantial savings in stamp ... Read More
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