The number of stratified residential properties offering short-term home-sharing or rentals seem to be rising in Penang even though the practice is deemed illegal by the Penang Island City Council (MBPP). Interviews with several Airbnb operators showed even developers with unsold units would furnish them and rent them out for ... Read More

Penang’s rent-to-own (RTO) housing units that have been rolled out to assist the hardcore poor involve a total of five projects in the state so far. State Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said four projects are on the mainland while another is on ... Read More

About City of Dreams A freehold luxury lifestyle development at Seri Tanjung Pinang. The residential units come with size ranging from 1,000 sq.ft. onwards, with a well equipped kitchen accessories. Resident can also enjoy a wide range of luxury facilities such as private lift, private lobby, yacht services, Rolls Royce limousine, private ... Read More

During a recent visit to Iconic Vue affordable housing project, Jagdeep commended the developer, Iconic Group, for building the 100 percent Type C affordable homes, costing RM300,000 onwards for each unit. He said the location of the project is strategic as Batu Ferringhi is not only famous in Penang and Malaysia ... Read More

The Penang government has agreed to reserve 20% of land from the proposed Penang South Reclamation (PSR) project for affordable homes, says state Local Government, Housing, Town and Country Planning chairman Jagdeep Singh Deo. He said he had insisted for that reservation in order to have an adequate supply of ... Read More

The state government has found a new developer to complete one portion of the Jalan Bukit Kukus paired road project that hit a snag due to financial constraints faced by the previous private developer. Penang work, utilities and flood mitigation committee chairman Zairil Khir Johari said the previous developer Geo ... Read More

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 ... Read More

SRS Consortium, the project delivery partner for the Penang Transport Master Plan (PTMP), is organising a master plan competition for the development of three man-made islands under the Penang South Reclamation (PSR) project. SRS Consortium project director Szeto Wai Loong today said the company would finalise the matter with the ... Read More

Singapore’s Temasek Holdings has canceled an RM1.3 billion business outsourcing project (BPO) with the Penang government, New Straits Times reported today. The daily cited an unnamed spokesman for the Singapore sovereign wealth fund attributing “market conditions” for dropping the development. “Temasek and its partners, PDC and EDIS have carefully deliberated ... Read More

To ease the housing glut which mainly arises from loan rejection, the Housing and Local Government Ministry (KPKT) is looking to work with financial providers other than banks to provide home loans. Its deputy minister Datuk Raja Kamarul Bahrin Shah Raja Ahmad Baharuddin Shah (pictured) said there is still demand ... Read More