Property News

SITE PROGRESS: Queens Residences – Q2 (Mar 2022)
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 Register your interest here to keep yourself updated with ... Read More

Asia Green’s The Zen expected to be ready early next year
Asia Green Group’s affordable homes project, called The Zen, is progressing well and is expected to be ready by early next year, state Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo said. Jagdeep and several staff members from the Penang Housing Board, as well as architects ... Read More

Esplanade seawall upgrading is expected to complete by end next month
Works on the RM14mil Esplanade seawall upgrading are on schedule, with completion expected at the end of April. Outlining the project works, Perunding YAA Sdn Bhd said it employed methods and construction materials that would “harmonise” with the qualities and heritage significance of the George Town World Unesco Heritage Site ... Read More

Does residential property hedge against inflation?
Real estate has traditionally been viewed as a safe investment asset with powerful inflation hedging capability compared to other assets such as stocks and bonds. However, the current pandemic-induced economic weakness is testing such a perception. This is because the rampant house price growth since the coronavirus outbreak has put the ... Read More

Are high maintenance fees scaring off millennials?
More Malaysian millennials are beginning to dip their toes into the property market and become prospective buyers. With their limited budget, only affordable properties are within their grasp. Horror stories of impulse buys and hidden costs aside, are high maintenance fees scaring them off. With tight budgets, millennials generally prioritise ... Read More

Pantai Bersih cleaned up
Seeing the rubbish-ridden beaches in her hometown prompted 10-year-old Siti Zulaikha Hazrul to take part in a clean-up programme at Pantai Bersih, Penang. The Year Four pupil from Sekolah Sri Impian, in Taman Guar Perahu, said she was shocked to find plastic bottles and containers as well as food wrappers strewn ... Read More

SITE PROGRESS: Muze @ PICC (Mar 2022)
About Muze @ PICC The first phase of residential offerings at Penang International Commercial City (PICC) integrated development by Hunza Group. This 43-acre development is strategically located within the vicinity of Bayan Baru township. It comprises two 58-storey towers featuring 846 residential units with 10 levels of car parking podium. Find out more about ... Read More

Developers expect housing prices to rise on the back of anticipation of increased construction costs
Real Estate and Housing Developers’ Association (Rehda) deputy president Datuk N K Tong said the latest survey conducted by the association showed that some developers expect housing prices to rise on the back of anticipation of increased construction costs. Respondents in the survey expect construction costs to surge an average ... Read More

Penang state government approves RM2.4 million for repair works at Padang Tembak Flats
From 2008 to March 1, 2022, Penang State Government has spent a total of RM293.93 million for 29,944 maintenance works on all public and private housing schemes in the state. According to State Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo, a total of RM214.26 million involves maintenance work ... Read More

Butterworth Arena expected to obtain CCC by September
Penang CM Chow Kon Yeow hopes that the Butterworth Arena, which is expected to receive a Certificate of Completion and Compliance (CCC) in August or September, will attract the interest of national and international event organizers. He said this after visiting the Penang Development Corporation (PDC) project site worth RM59 ... Read More
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OTHER DEVELOPMENTS
- Affordable Housing (Penang Island)
- Butterworth Arena
- Columbia Asia Medical Centre
- Eco-Tourism Hub @ Batu Kawan
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- GBS @ The Waterfront
- GBS by The Sea
- Gurney Wharf
- IKEA Batu Kawan
- Island Medical CIty
- Kobay Jelutong
- Lin Xiang Xiong Art Gallery
- Linear Waterfront
- Mitsui Outlet Park @ PIA
- One Auto Hub @ Batu Kawan
- Penang Arts District
- Penang Eastern Seafront Development
- Penang Medical & Digital Technology Hub
- Penang Premium Outlets (Design Village)
- Penang Sentral
- Penang South Islands
- Penang Transport Master Plan
- Penang Waterfront Convention Centre
- Penang World City
- PIA Expansion
- Silicon Island
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- The Ship Campus (ALC College)
- The Top @ Komtar
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