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Property News

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SITE PROGRESS: City of Dreams (Aug 2019)

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
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Iconic Vue is 98% sold and completing soon

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
Penang South Reclamation

20% of PSR land set for affordable homes

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
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Aspen Group to finish part of Bukit Kukus paired road project

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
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SITE PROGRESS: Queens Residences (Aug 2019)

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
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Master plan contest for Penang South Reclamation project

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
BPOPrime

Temasek cancels RM1.3b project with Penang

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
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KPKT to work with financial providers to address loan rejections by banks

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
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Sunway Cassia – A Nature-inspired Neighbourhood

Sunway Cassia is a nature-inspired neighbourhood with 6 thematic parks by Sunway Property in a desirable vicinity of Batu Maung, Penang. A region earmarked for infinite growth with the proposed Penang South Reclamation and new highways in Penang Transport Master Plan (PTMP). The final phase of Sunway Cassia comprises 48 ... Read More
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The most popular property types among Penang homebuyers

Here are the property types in Penang that homebuyers could afford and what potential buyers searched for. We have mapped down the popular property types that homebuyers and potential buyers could afford. Highlights The most popular built-up size for homebuyers ranges from 901 sf to 1, 500 sf. The most ... Read More