Property News
SITE PROGRESS: The Zen (March 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
JMB and MC need 75% approval from unit owners for short-term rental in stratified residential buildings
Short-term accommodation in stratified residential buildings in Penang can only be allowed when the Joint Management Body (JMB) or Management Corporation (MC) gets 75% approval from the unit owners. State Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo said JMB or MC would need to conduct an ... Read More
CMCO extended in Penang and 5 other states till March 31
The conditional movement-control order (CMCO) has been extended in Penang and five other states and FT until March 31, Senior Minister Ismail Sabri Yaakob said today. The other states are Johor, Selangor, KL, Kelantan and Sarawak, the defence minister told a press conference today. Inter-state travel still not allowed ... Read More
PR1MA ‘rent-to-own’ housing scheme to be launched in June
The rent-to-own (RTO) housing scheme as announced under Budget 2021 involving PR1MA homes nationwide is expected to be launched this June. Housing and Local Government Minister (KPKT) Datuk Zuraida Kamaruddin said the ministry is in the midst of discussions and refining on the housing scheme mechanism with banking institutions. “The RTO ... Read More
SITE PROGRESS: Sunshine Residence (March 2021)
About Sunshine Residence A 39-storey serviced residence by Suiwah Group at Bandar Baru Air Itam. It is part of the Sunshine Central mixed development on the old Sunshine Farlim site, next to Farlim Square shop offices. Featuring 9 levels of commercial floors with car parking podium, office, hotel and residential towers. Find out more about Sunshine Residence Register ... Read More
Tunku’s house in Pulau Tikus is up for sale for RM62 million
The former residence of the first prime minister of Malaysia, the late Tunku Abdul Rahman Putra Al-Haj in Pulau Tikus, Penang is on the market for a whopping RM62 million, making it the most expensive listing today. The six-bedroom double-storey detached residence with an annexed servants' quarters has been listed ... Read More
Know your rights as strata property owners, says MBPP mayor
Strata property owners should know their rights involving any issues related to the joint management body (JMB) or management committee (MC) members who are in charge of the building management of strata residences. Penang Island City Council (MBPP) mayor Datuk Yew Tung Seang said the problem nowadays is that many ... Read More
SITE PROGRESS: Havana Beach Residences (March 2021)
About Havana Beach Residences Affordable housing development by Ideal Property Group at Bayan Lepas. Strategically located near Jalan Tun Dr. Awang, less than 2km away from Penang International Airport. It is about 5 minutes walking distance to SMJK Heng Ee (Bayan Baru branch). Find out more about Havana Beach Residences Register your ... Read More
Scientex 2Q net profit up 15% to RM112m on robust property sales
Scientex Bhd's net profit for the second quarter ended Jan 31, 2021 (Q2), rose 15.1 percent to RM112.2 million as compared to RM97.5 million a year ago. Revenue however fell to RM906.5 million from RM914.4 million previously, the group said in a statement yesterday. It said the higher net profit ... Read More
Penang Bay – A potential SDG City Zone to unlock opportunities
Penang is preparing itself for the next phase of growth and development by incorporating innovative ideas to transform the Penang Bay area into a new Sustainable Development Goal (SDG)-compliant and economic zone. The Penang Bay area includes the George Town and Butterworth waterfronts. Think City managing director Hamdan Abdul Majeed ... Read More
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