Property News

Penang to seek RM100m allocation from Fed Govt for housing needs
Penang will seek the help of new Housing and Local Government Minister Datuk Seri Reezal Merican Naina Merican to provide affordable housing for its people and also an allocation of RM100 million for its maintenance programme for 2022. State Local Government, Housing, Town and Country Committee chairman Jagdeep Singh Deo said ... Read More

MBPP councilor proposed to reduce development plot ratio to prevent overcrowding and the spread of Covid-19
It is time to come up with policies for the future that can prevent the spread of Covid-19 and other viral infections such as a reduction in plot ratio for development projects, a city councillor Lee Kim Noor said. The Penang Island City Council (MBPP) councillor said it is important ... Read More

Immigration Dept to take over MM2H programme from October
All new applications for the Malaysia My Second Home Programme (MM2H) will be handled and processed by the Immigration Department (JIM) beginning October, after all the related legal processes are completed. The Ministry of Tourism, Arts and Culture (MOTAC) in a statement said in the transition process, the ministry through ... Read More

Major flood mitigation project in progress
A major flood mitigation project (RTB) is under construction in the southwest district of Penang island where it flooded last week on Wednesday. State infrastructure committee chairman Zairil Khir Johari said the Teluk Kumbar RTB was expected to be completed by end of this year. Two more projects in the pipeline ... Read More

SITE PROGRESS: The Zen (Aug 2021)
About The Zen A mixed development by Asia Green at Bayan Mutiara. It is located next to Tun Dr. Lim Chong Eu Expressway, just a short drive away from the ongoing Penang World City township development by Tropicana Ivory. This development comprises a 46-storey skyscraper with two residential towers, and shop ... Read More

Demand for subsale residential units shows growth in first-half 2021
Although the subsale residential segment has always been strong, accounting for 80% to 85% of total transactions in the property market, buyers of subsale units are not ready to pay the asking price of the property owner, as the average selling price in subsale residential is 20% lower than the ... Read More

More sports activities allowed in Penang from yesterday
Several outdoor sports activities in Penang will now be allowed since the state is under the Phase Two of the National Recovery Plan (NRP). Jogging, exercise, swimming, solo kayaking, taichi, cycling, skateboarding, fishing, equestrian, archery, hiking, tennis/badminton (single) and golf are allowed from Aug 23, yesterday. Outdoor and semi-outdoor sports centres ... Read More

PR1MA provides 10 buses for Movak in Penang and two other states
PR1MA Corporation Malaysia (PR1MA) has provided 10 buses for the implementation of the Community Vaccine Mobilisation (Movak) programme in Perlis, Kedah and Penang from today until Sept 2. In Penang it will be held from Aug 30 to Sept 2 at Dato’ Haji Ahmad Badawi Hall; Jalan Betek Sports Complex; ... Read More

Budget 2022: Urgent need to address the rising cost of housing
The rising cost of housing remains one of the main issues today and there is an urgent need to address this soon to make the property more affordable. This is probably top on the wish list for Malaysian property developers, homebuyers, and real estate practitioners. According to an online survey ... Read More

SITE PROGRESS: Celesta Residency (Aug 2021)
About Celesta Residency mixed development by Red Blue Development Sdn. Bhd. (TGB Group) in the established township of Sungai Nibong. Strategically located along Jalan Sultan Azlan Shah, diagonally opposite three public schools, namely SRJK(C) Kwang Hwa, SRJK(C) Shih Chung and SMK Sungai Nibong. It features a mix of residential and ... Read More
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TODAY'S MOST READ
RECENT COMMENTS
- Any progress on this project? ...CHIN HUN on Affordable housing @ Jelutong (formerly known as Mutiara Rini & Mutiara Ria)
- @Hemsley Both AG also pattern many, I easily mistaken ...Islander on The Cube
- Dear Editor, Good evening! Was the RFP prepared in accordance with the redevelopment process stipulated...DAVID CHAN CHIN CHYE on RFP open for redevelopment of Mak Mandin flats
- @Hemsley, TQ. Good progress and maybe is too early to send out the site progress...SC on The Pier
- @LOL This project is opposite putra place condo.. it's still a distance to QBM ...thomas on One Mutiara
- @Islander Lol. Aspen group. Lol. ...Hemsley on The Cube
- just paid booking fee today ...Jordan on The Cube
- @Koja The cube is not near to seaside, which units have seaview? from the floor...Moon on The Cube
- @Debbie what special is the unit#8? ...Moon on The Cube
- I bet to see Aspen Agent hardselling their Zen in 2030. ...Islander on The Cube
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Latest Property News
OTHER DEVELOPMENTS
- Affordable Housing (Penang Island)
- Butterworth Arena
- Columbia Asia Medical Centre
- Eco-Tourism Hub @ Batu Kawan
- Escape Penang – Eco Theme Park
- 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
- Teluk Bahang Wellness Resort
- The Ship Campus (ALC College)
- The Top @ Komtar
- Wellness City of Dreams