Property News

GBS@Mahsuri expected to be completed by September
The office space in the new GBS@Mahsuri has been fully snapped up by tenants. Penang Development Corporation (PDC) general manager Datuk Mohd Bazid Abdul Kahar said the construction works of the two-storey 80,000 sqft building would be completed in September this year. “It was initially scheduled to complete in April ... Read More

Penang airport expansion likely delayed by a year
Chief Minister Chow Kon Yeow says the planned expansion of the Penang International Airport (PIA) might be delayed by six months to a year due to the Covid-19 outbreak and faltering airline industry. Speaking in a press conference at the airport, he said the expansion work was supposed to begin ... Read More

Government likely to reintroduce HOC
The government is expected to bring back the Home Ownership Campaign (HOC) as part of the country’s economic recovery plan in the second half of the year. The proposal to reintroduce the HOC was made following meetings involving the Ministry of Housing and Local Government (KPKT), the Ministry of Finance ... Read More

The Penang Bay International Ideas Competition to be held by September
The Penang Bay International Ideas Competition will proceed and is scheduled to be held by September this year. Penang Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the date of the competition was shifted due to the Covid-19 crisis. “Nevertheless, the competition will go on ... Read More

Upcoming worker’s hostel at Penang Science Park
Proposed 684-room worker's hostel at Penang Science Park North in Bukit Minyak by Biopolis Resources Sdn. Bhd. in collaboration with PDC. Located adjacent to JLL Malaysia Sdn. Bhd., just a stone's throw away from Ibiden Electronic Malaysia. This development will see the construction of five hostel blocks, with a total ... Read More

Developers fine-tune strategies to attract buyers
During these challenging times of the coronavirus, developers have fine-tuned their marketing strategies in ways that can be very tempting for the potential house buyer. It is no longer as straightforward as, say, a decade ago where this is the price, this is down payment, and here is the loan amount ... Read More

Not OK to waive maintenance fees in light of Covid-19
Many strata property owners may have sought waivers or discounts on maintenance fees since the Covid-19 outbreak and the ensuing Movement Control Order (MCO) period but such fee waivers and discounts are not viable as any adjustments in fee collection or sinking funds will need the approval of property owners ... Read More

Federal Court: Single rate of maintenance fees for all the parcels in the project.
The Federal Court has today rejected an application for leave to appeal against the Court of Appeal’s (COA) decision in the Menara Rajawali case. The COA had decided on Oct 4, 2019 that the Joint Management Body (JMB) of the mixed development is required to fix a single rate of ... Read More

MM2H holders are allowed to return to Malaysia
Malaysia My Second Home (MM2H) participants stranded abroad have been allowed to return to the country since May 14, following the easing of movement restrictions. Tourism, Arts and Culture Minister Datuk Seri Nancy Shukri said there were 253 MM2H participants and their dependents who had requested to return to Malaysia ... Read More

Penang will be ready to welcome tourists by Q3, Q4 2020
Penang expects to welcome tourists by third or fourth quarter of this year following the outbreak of Covid-19 pandemic. Penang Tourism, Arts, Culture and Heritage Committee chairman Yeoh Soon Hin said despite Penang being a green zone state, the state is still working to rebuild the tourism industry. “We can ... Read More
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- @WC_ong i heard agents selling the property get 20k commission, is that real? if that's...Hee Chan on Twin Star
- whoever build on this land will not be doing well... ...Oh nice on Iconic Boon Siew Villa demolished for luxury residential project
- @Jacky Yup. It's a luxury project of waterfront but equipped with lousy security management &...Toni on Queens Residences Q3
- @Inteller1989 You have understood that you purchase this project with merely 300k or 400k RM....Jacky on The Zen
- @KC No,this is only temporary. That's other plan road access for Zen & The Pier....Jacky on The Pier
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- 1. Only 2 lift for each flow (Not sure about Zen6, but for The Zen),...Inteller1989 on The Zen
- @KC Wide enough actually. Not a major concern. ...LL on The Pier
- @Jacky 100% agree. Glad I made the right decision ...LL on Queens Residences Q3
- Its nice to see the restoration of the moat almost complete. Will it have a...Richard Chuah on Fort Cornwallis moat restoration nears completion
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OTHER DEVELOPMENTS
- Affordable Housing (Penang Island)
- Butterworth Arena
- Columbia Asia Medical Centre
- Eco-Tourism Hub @ Batu Kawan
- Escape Penang – Eco Theme Park
- 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