Local residential property transactions plunged 44.7 per cent year-on-year (YoY) for the first quarter (Q1) of 2021, according to PropertyGuru DataSense. In its latest property market update report, the data analytics and solutions arm of PropertyGuru said this was due to worries over a resurgence in Covid-19 cases and softer ... Read More

The Penang Island City Council (MBPP) will call for Request For Proposal (RFP) through build-operate-transfer (BOT) arrangement for a public market complex and an affordable housing project in Teluk Kumbar. MBPP councillor Abdul Latif Mohamad, who is the council’s alternate chairman for housing development, said the RFP is for the planning, ... Read More

M Vista is a low-density development in Penang Island, featuring only 237 units of spacious homes with spectacular views.  Strategically located just a mere minutes drive from Penang’s Second Bridge, about a 10-minute drive from Queensbay Mall and Penang International Airport. Hurry, grab a unit before it is sold out! Enjoy grand views and all ... Read More

Until 30 June 2022, those who are eligible to buy affordable housing (RMM) in Penang Island and Seberang Perai will enjoy a 10% reduction in selling price. Elaborating further, state Housing, Town, Country Planning and Local Government Committee chairman Jagdeep Singh Deo said that State Government implemented the Home Ownership Campaign (HOC) with the ... Read More

In conjunction with the 64th National Day, the Group today launched its nationwide Vax to Win Campaign to promote the Covid-19 vaccine amongst Malaysians. Prizes include a resort-inspired condominium and units of executive apartments as well as gift cards. Aspen Group President and Group Chief Executive Officer Dato’ M. Murly ... Read More

Work on the RM200.3 million Gurney Wharf project is expected to start in the fourth quarter of this year after delays in the project due to the Covid-19 pandemic and subsequent lockdowns. State executive councillor Jagdeep Singh Deo told the Penang state legislative assembly today that the planning permission and ... Read More

The Malaysia Institute of Estate Agents (MIEA) has launched the MIEA Landlord Insurance policy which will help landlords gain independence against the risk of runaway tenants, rent arrears together with potential damages to their asset or property when faced with bad tenants. “As property agents, there is not much agents ... Read More

Paramount Corp Bhd hopes to sustain the strong sales momentum with speedier sales conversion and project approvals as lockdown restrictions ease, says its group chief executive officer Jeffrey Chew. He, however, warned that the property market will be weighed down by continued economic uncertainties caused by the prolonged pandemic situation ... Read More

Most hotels here are waiting till mid-September to re-open as Penang is expected to have by then 100% of its population getting at least one Covid-19 vaccine dose. Malaysian Association of Hotels (MAH) Penang Chapter chairman K. Raj Kumar said although hotels are allowed to re-open now, not many were ... Read More

There is a potential rise in abandoned projects as the Covid-19 pandemic drags on with high daily cases. Property and legal experts told The Edge Malaysia in a report this this week that there could be potentially “millions, if not billions, of ringgit worth of projects being abandoned once the ... Read More