Property News

Jiran Residensi virtual key handover ceremony
The Penang Development Corporation (PDC) conducted a virtual ceremony for the first time on the handover of keys to five house buyers of Jiran Residensi affordable project today. PDC chief executive officer Datuk Mohd Bazid Abd Kahar presented the keys to the invited five buyers in the symbolic ceremony held at ... Read More

Post Covid-19 economic development plan for Seberang Perai soon
The Seberang Perai City Council (MBSP) is currently drafting a post Covid-19 economic development plan, emphasising the importance of digital development and circular economy. Its mayor Datuk Rozali Mohamud said the plan would concentrate on solving the current local issues. “It includes effort to improve the people’s quality of life, implement ... Read More

Penang property market expected to be ‘brisk’ for first half of 2021
In spite of the Covid-19 pandemic and a partial lockdown reintroduced from Jan 13, the outlook of the property sector will remain largely stable for the first half of 2021, according to Raine & Horne International Zaki + Partners Sdn Bhd senior partner Michael Geh. Geh believes that the ‘transactional ... Read More

SITE PROGRESS: The Stone (Feb 2021)
About The Stone An affordable housing development by PLB Land in Paya Terubong, Penang. It is located immediately opposite Majestic Heights, only 1km away from EcoTerrace condominium by EcoWorld. Featuring 1,000 units of affordable houses. (Photo source: Facebook) Find out more about The Stone Register your interest here ... Read More

New law to stop owners from raising rentals or evicting tenants unfairly
A law to stop landowners from evicting tenants or raising rentals indiscriminately will be tabled next year, says housing and local government minister Zuraida Kamaruddin. She said the Residential Tenancy Act, which will also seek to protect the rights of landowners, is expected to be tabled in Parliament in the ... Read More

Butterworth port a free trade zone (FTZ) from Feb 1
Penang’s Butterworth port will be turned into a free trade zone (FTZ) from Feb 1, federal port regulators Penang Port Commission (PPC) announced today. PPC chairman Tan Teik Cheng said finance minister Tengku Zafrul Aziz had consented to gazette the North Butterworth Container Terminal as a FTZ. Tan said this ... Read More

Condo management can impose Covid-19 tests
Managers of condominium or apartment buildings have the power to require residents to undergo Covid-19 testing, senior minister for security Ismail Sabri Yaakob said yesterday. In response to a question about such a requirement at several condominium buildings recently, he said: “Yes, this is to protect the health of the ... Read More

SITE PROGRESS: Queens Residences (Jan 2021)
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

Property overhang to remain high in 2021
The number of overhang properties is expected to remain high in 2021 based on income level, locations and prices, according to Rahim & Co International Sdn Bhd. Its research director Sulaiman Saheh referred to Rahim & Co's Property Market Review 2020/2021 which showed that three states, Johor, Selangor and Kuala ... Read More

VIRTUAL TOUR: Beverly Heights Bungalows @ Bukit Gambir
An Epitome of Prestige & Privacy Close to nature and embraced by pristine forest with the numerous hiking trails of Bukit Gambir and yet a whisper away from the hustle and bustle of city life, Beverly Heights offers a refreshing and perfect sanctuary with an exclusive contemporary lifestyle and unsurpassed ... Read More
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RECENT COMMENTS
- @Hemsley 300k launch price appreciated to 400K for state unit, 1 carpark, progressive interest, lawyer...Joker on The Cube
- @LL very misleading. Zen 300k (1carpark) appreciated to 400k. That's the truth. actually not appreciated....Joker on The Cube
- @Hemsley try haarder ...Joker on The Cube
- this project is gonna be better if there is a pedestrian bridge to qbay ...LOL on One Mutiara
- It looks like they've reached the 17th floor based on the site progress photo from...BTW on Mertajam Heights
- @Superman 600k transaction available for the zen & 750k for Zen6. Please check actual transaction...Hemsley on The Cube
- Just Ask : Why no more further discussion? What happens to this project? sold...Asas on Hijauan Jernih
- @LL Zen is now only at 42xk . Try hard asiagreen agent. ...Superman on The Cube
- 480k a bit expensive. Zen was launched at 300k and appreciated 3x since then ...LL on The Cube
- ong, what i know they no more sale state gov RM300k price. if you get...SIM LI on The Cube
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OTHER DEVELOPMENTS
- Affordable Housing (Penang Island)
- Butterworth Arena
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- 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
- Teluk Bahang Wellness Resort
- The Ship Campus (ALC College)
- The Top @ Komtar
- Wellness City of Dreams