Property News

Airbnb: Tourism Recovery at Risk from Blanket Ban in Strata Buildings
Airbnb has today warned that Malaysia’s tourism recovery could be threatened by talk of proposed blanket bans on short-term rentals in strata buildings in Penang, Selangor and other states in Malaysia. Prior to the pandemic, the Airbnb community in Malaysia made a significant contribution to the local tourism industry and ... Read More

Penang Remand Prison and staff quarters under EMCO starting today
The Penang Remand Prison and its staff quarters will be placed under the Enhanced Movement Control Order (EMCO) from today (Oct 15), said Senior Minister (Security) Datuk Seri Ismail Sabri Yaakob yesterday. He said the decision was made on the advice of the Ministry of Health (MOH) and taking into consideration ... Read More

Airbnb in residential areas will be given a notice to stop operating
The Penang State Government through the local authority (PBT) will issue a notice to stop homestay or Airbnb activities in residential areas. Local Government, Housing Town and Country Planning Committee chairman Jagdeep Sing Deo said that the notice will also be issued for all modification and extension to the Airbnb unit. “This ... Read More

Bukit Kukus paired road is expected to open partially in May 2021
Jagdeep said the paired road project, which connects Paya Terubong and Relau, is expected to be completed and open for public use in May 2021. The Jalan Bukit Kukus landslide, which claimed nine lives on Oct 19, 2018, was once again brought up at the Penang State Legislative Assembly – ... Read More

Penang to go ahead with Penang Hill cable car project
Penang will go ahead with its proposed cable car project to call for a Request for Proposal (RFP), said chief minister Chow Kon Yeow at the state legislative assembly today. He said the project is expected to take between two to three years and the state will continue to promote ... Read More

Penang yet to decide on undersea tunnel project
The Penang state government has yet to make a decision on whether the controversial undersea tunnel project will be built, said state exco Zairil Khir Johari (DAP - Tanjung Bungah). The Infrastructure and Transport Committee chairman said the state will only make a decision after the feasibility report on the ... Read More

Project delivery partner working on PTMP financial architecture
SRS Consortium, the project delivery partner (PDP) for the Penang Transport Master Plan (PTMP), is in the process of improving the structure of its financial model in view of the economic uncertainties brought about by the Covid-19 pandemic. State Transport and Infrastructure Committee chairman Zairil Khir Johari said SRS Consortium ... Read More

Penang Retirement Resort near Penang Turf Club to be ready by early next year
Retirees in Penang can look forward to living their golden years in comfort with the completion of the Penang Retirement Resort in Batu Gantong, Ayer Itam, by Penang Turf Club early next year. Touted as the first of its kind, the seven-storey resort will have 49 units offering assisted care and ... Read More

Dua Residensi key handover ceremony
Penang State Government hopes that the affordable housing (RMM) completed by the Penang Development Corporation (PDC) can further improve the quality of life of the people in this state. Chief Minister, YB Tuan Chow Kon Yeow said this during the key handover ceremony event for the Dua Residensi project at Teluk Kumbar this ... Read More

Urban redevelopment – Addressing the problem of old and unsafe buildings in Penang
The implementation of urban redevelopment or urban regeneration for ‘old’ and high-risk residential buildings is aimed at creating sustainable and habitable development. Penang Local Government, Housing Town and Country Planning Committee chairman Jagdeep Singh Deo said, this urban redevelopment initiative has been widely implemented in developed countries including some countries in ... Read More
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