fbpx

Property News

The-Light-City-2019

The Light City development to start work in Q3

IJM Land Bhd will be building The Light City, a RM4bil integrated mixed-development scheme, in the third quarter of this year. The project comprises a 1.1 million sq ft retail mall, two international class hotels, a convention centre, office tower, and two condominiums. IJM Land senior general manager (north) Datuk ... Read More
proposed-new-skycab-alignment

Penang Sky Cab alignment may be revised

The alignment of the proposed Penang Sky Cab cable car project, which will link Seberang Prai to the island, may see some changes. Chief Minister Chow Kon Yeow said the initial alignment from Penang Sentral in Butterworth to Persiaran Karpal Singh in Jelutong here may be changed to a location ... Read More
1-million-affordable-house

One million affordable houses to be built in 10 years

The Housing and Local Government Ministry plans to build one million units of affordable homes within the next 10 years to enable more people, especially the low income earners, to be house owners. Its minister, Zuraida Kamaruddin said the ministry would coordinate all housing projects under Syarikat Perumahan Negara Bhd ... Read More
ecodeck-f

Penang Bicycle Master Plan

The Penang government together with the Penang Island City Council (MBPP) are working towards making Penang a cycling haven for cyclists. Riding on the concept of green connectivity, the state and the local council were looking at completing the 200km-long bicycle lanes as indicated in the Penang Bicycle Master Plan ... Read More
top-10-news

10 Most Read Penang Development Stories in 2018

As we welcome 2019, here is a chance to make sure you are updated on the most read Penang development stories in Penang Property Talk over the past 12 months ... Read More
smart-city-on-track

Priority is to transform Penang into a smart city

The priority for this year will be to transform Penang into a smart city which is in line with Penang 2030 ‘A Family-Focused Green and Smart State’. State Housing, Town, Country Planning and Local Government Committee chairman Jagdeep Singh Deo said several pilot projects were in the pipeline for such ... Read More
top-10

10 Most Active Penang Housing Projects in 2018

For those who have missed some of the most popular housing projects in 2018, do not be despaired. Here are the 10 most active projects for you. 8 out of 10 in the list are affordable housing projects, each of them has been read by up to 40,000 users in ... Read More
stamp-duty-exemption

Stamp duty exemption for first-time house buyers from 1 January 2019

The increase of one per cent in stamp duty for the instrument of transfer for property exceeding RM1 million to RM 2.5 million is now effective July 1, 2019. In a statement today, the Finance Ministry said the government would maintain the current stamp duty rate for six months from ... Read More
2018-overhang

Overhang residential units in Penang up by 44%

Malaysia is entering 2019 with unsold completed residential units rising to 30,115 units as at Sept 30, 2018, an increase of 48.35% from the 20,304 units a year ago. According to the Valuation and Property Services Department’s (JPPH) latest figures released on Saturday, the total value was RM19.54bil, a 56.44% ... Read More
the-park-mak-mandin-pool-left

The Park @ Mak Mandin affordable housing project to be ready next year

Buyers of The Park @ Mak Mandin can soon rejoice when their affordable housing project completes end of next year. Property developer Silver Channel Sdn Bhd said the development of the project was currently on track. State Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh said he ... Read More