THE state Implementation and Coordination Unit (ICU) of the Prime Minister’s Department has approved 14 projects under the 1Malaysia Maintenance Fund (TP1M) for Penang this year. Eleven of the projects are for Penang Municipal Council and three for the Seberang Prai municipality. State Housing, Town and Country Planning Committee chairman ... Read More

Penang Development Corp (PDC) has firmed up plans to turn some 312ha near the Second Bridge in Batu Kawan into a theme park with a resort and golf course. Towards this end, PDC is expected to award the development of two projects to two firms that are big names in ... Read More

The housing ministry is proposing the implementation of the BTS (build-then-sell) 10:90 system effective the start of 2015 ... but in stages. Says Urban Wellbeing, Housing and Local Government Deputy Director General Datuk Mohamad Yusoff Ghazali: "It will not be 100% BTS mandatory at the beginning of 2015. We will be ... Read More

Ivory Properties Group Bhd plans to develop high-end residential properties with a gross development value (GDV) of RM1.4bil to RM2bil on its 80-acre land bank in Penang over the next couple of years. Group chief executive officer Datuk Low Eng Hock said the new projects were planned for the group’s land bank in ... Read More

Penangites can now view the state government’s affordable housing units at the Penang Development Corporation (PDC) sales gallery in Bandar Cassia. The first phase of 520 units at Batu Kawan has started and is expected to be ready in early 2017. This is the first affordable housing project among the ... Read More

THE Malaysian Institute of Estate Agents (MIEA) will be waging a war against the country’s illegal real estate agents and property negotiators. Its president Siva Shanker said the crackdown with the theme ‘Is Your Real Estate Agent Real?’ was in line with the new ruling requiring real estate agents to ... Read More

Malaysia is seeing signs of a possible moderation in overall house prices, data from the central bank show. The growth in the Malaysian House Price Index (MHPI) declined to 9.6% in the fourth quarter of 2013, compared with 12.2% a year earlier, according to Bank Negara. This was the first time ... Read More

MORE than 2,500 residential properties will be exhibited during the Malaysian Secondary Property Exhibition Penang (Maspex 2014) at the Penang Times Square this weekend. Organising chairman Michael Geh said many of the properties, with prices ranging from RM300,000 to RM800,000, were in strategic locations. “The prices are between 20% and 30% ... Read More

The Penang Development Corporation building will be demolished to make way for a Business Process Outsourcing (BPO) Prime project. The project will be undertaken by a joint-venture company, formed by the Penang Development Corporation (PDC) and Temasek, in which PDC will take up a 51% stake. InvestPenang director Datuk Lee ... Read More

GEMS Education, the world’s largest kindergarten to secondary education group, will open a RM55mil international school in Bandar Tasek Mutiara in Simpang Ampat near Bukit Mertajam, Penang. The Gems International School of Pearl City is a project undertaken by Gems Education and its local partner Maju Holdings Sdn Bhd via ... Read More