Property News

Demand for residential rental property up in H1 2021
Malaysia's residential rental property demand swung to a positive year-on-year (y-o-y) growth of 1.9 per cent in the first half (H1) of 2021 from a contraction of 5.6 per cent in the corresponding period last year, according to property portal iProperty.com.my. Growth in user visits outperformed the growth in rental ... Read More

MBSP gears up for Phase Three of National Recovery Plan
The Seberang Perai City Council (MBSP) is gearing up for the Phase Three of the National Recovery Plan (NRP) now that more people have been vaccinated as well as there has been a decline in the number of Covid-19 cases. Its mayor Datuk Rozali Mohamud said the council has drafted action ... Read More

Ewein chairman passes away
Ewein Bhd founder and executive chairman Datuk Ewe Swee Kheng died after falling from a high-end condominium at Jalan Kelawai, Penang this morning, reported Sin Chew. The deceased fell from the 17th floor of the condominium and into a pool at around 2am this morning, reported the Chinese-language daily. At the ... Read More

Building affordable homes is the way forward for property developers
Penang Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo has continued to remind property developers to focus on building affordable homes during this trying period. “Let us work together. We want the private sector to come together and help the people. “The Covid-19 has greatly impacted the ... Read More

Scientex NRP Virtual Lucky Draw Total Prizes Worth RM10,000*
Scientex Tasek Gelugor offers the First* Landed 2 Storey Affordable Homes with Freehold Title in Pulau Pinang with affordable price from RM226,800*. Scientex Tasek Gelugor has recently launched the “Scientex NRP Virtual Lucky Draw” online campaign with more than RM10,000* worth of prizes to be won. Eligible purchasers will have ... Read More

Government to implement ceiling price for affordable housing in secondary market
Under the 12th Malaysian Plan (12MP), ceiling prices for affordable housing will be introduced in the resale market in order to control house prices, especially in the urban areas, MalaysiaKini reported today. The move is to ensure that housing remains affordable for the selected target groups. It is understood from ... Read More

Economist: Cap for affordable housing will only drive prices up
Setting ceiling prices for affordable homes, even if temporary, will not address the shortage of affordable housing, an economist says. In the recently tabled 12th Malaysia Plan, it was revealed that the government would implement price caps for affordable homes on the secondary market and limit the number of units ... Read More

Mah Sing: The 12th Malaysia Plan will be beneficial to the housing sector
The various steps under the 12th Malaysia Plan (12MP) to reinvigorate the country's economy post-pandemic will augur well for the housing sector, said Mah Sing Group Bhd founder and group managing director, Tan Sri Leong Hoy Kum. The 12MP, according to Leong, is a positive step toward boosting economic growth, ... Read More

SITE PROGRESS: Signature Two (Sept 2021)
About Signature Two A 31-storey residential development by Excel Focus Sdn. Bhd. in Perai, Penang. This development is strategically located along Jalan Baru, next to The Signature condominium. It is only within mere minutes' drive from Penang bridge, featuring 121 condominium units Find out more about Signature Two Register your interest here ... Read More

RM2.25b allocation in housing assistance for the poor
The government has allocated RM2.25 billion to provide housing assistance to the poor under the 12th Malaysia Plan (12MP), said Prime Minister Datuk Seri Ismail Sabri Yaakob. He said the allocation was to build and repair 85,500 units of houses, namely 75,000 units in rural areas and almost 10,500 units in urban areas, under ... Read More
Weekly Newsletter
Latest Projects
TODAY'S MOST READ
RECENT COMMENTS
- @Update Luquidator probably or sell off as this might be one of their assets on...MajorArches on Ivory Properties gets green lights to buy land opposite Queensbay Mall
- Eventually, after decades ! ...Chita on Penang’s North Coastal Paired Road to begin construction in 2026
- @Peter yes.. need to request to turn off.. see liao eyes pain ...ck on Mezzo @ The Light City
- @millionaire Condo more expensive than landed in island? bro you should compare same location to...Islander on 80% of Gen Z Malaysians opt for high-rise living
- Affordability is the first issue, if can afford andaman landed why want to buy packed...Minion on 80% of Gen Z Malaysians opt for high-rise living
- millionaire : @Roy @ Grey Property We don’t need landed as young generation just...Minion on 80% of Gen Z Malaysians opt for high-rise living
- @Update No problem. AG is best developer to take up this project. Maybe AG mall?...millionaire on Ivory Properties gets green lights to buy land opposite Queensbay Mall
- @MajorArches Then who will develop this land? Bank will lelong it? ...Update on Ivory Properties gets green lights to buy land opposite Queensbay Mall
- Huh, Ivory Properties gone case already, awaiting declare bankruptcy. Owners like The Peak, City Residence,...MajorArches on Ivory Properties gets green lights to buy land opposite Queensbay Mall
- Any update for this project? Complete silent now. ...Update on Ivory Properties gets green lights to buy land opposite Queensbay Mall
SHOW MORE COMMENTS
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