Property developers are more optimistic about the Malaysia property market outlook in the coming year than the current second half of 2018. According to the latest Real Estate and Housing Developers’ Association (Rehda) Property Industry Survey 1H18, only 18% of the 152 Rehda members who took part in the survey ... Read More

Established in the year 1991, the Runnymede Group started with a humble collection of people driven by passion and the vision to be the best. Today, they have successfully established a solid ground striving towards their goal to be recorded as one of the highly competitive property developer in Malaysia ... Read More

The property market in Penang is known as one of the most expensive in the country, with prices soaring over the years despite various cooling measures implemented by the authorities. Recently, however, there have been signs of property prices stabilising and the state has even reported property overhang. Since 2014, ... Read More

Housing and Local Government Minister Zuraida Kamaruddin called on state governments to submit their respective lists of land that will be used to build affordable housing by the end of October. “No land, no affordable housing,” she said at a press conference after the government-industry open dialogue on housing - ... Read More

The Department of Environment (DOE) has approved the construction of the three-paired highways across the island. State exco for Public Infrastructure Zairil Khir Johari said the DOE has approved the Environmental Impact Assessment (EIA) report with 59 additional conditions attached. In a joint press conference with the delivery partner – ... Read More

Gurney Wharf, a world class “park-on-the-sea”, is going to be even better than initially planned. The state government is planning to transform the place into “the pride of Penangites” with seaside retail outlets, F&B aplenty, water gardens, and beach and coastal grove on the 24.28ha plot of reclaimed land. “We ... Read More

The government should consider using a certain portion of taxes collected from the rakyat to set up a specific fund for housing purposes. Penang Housing, Town, Country Planning and Local Government Committee chairman Jagdeep Singh Deo proposed that the money from the fund could be used for efforts such as ... Read More

Datuk Tan Kean Tet, the chairman of Penang-based property developer Iconic Group Sdn Bhd, is acquiring a substantial stake in Sanbumi Holdings Bhd Sanbumi, in a filing with Bursa Malaysia, said the company had entered into a conditional share subscription agreement with Tan for the placement of 22.6 million new ... Read More

Property developers acknowledge that unbilled sales are on the decline but say the situation is not so bad and they are still able to record decent earnings. The decline in unbilled sales, they said, is in line with the overall slowdown in the property market over the past few years ... Read More

The coastal landscape in north Butterworth, between the North Butterworth Container Terminal (NBCT) and Jalan Tunku Putra, Teluk Air Tawar, is set to change with the construction of a new waterfront within the next few years. This follows a supplementary agreement inked between the Penang government and Rayston Consortium (Butterworth) ... Read More