Property News

COVID-19: Penang hotels closing amidst pandemic outbreak
More hotels in Penang are expected to cease operations soon in the aftermath of the Covid-19 global pandemic. After Jazz Hotel announced yesterday that it is shutting its doors, NST has learnt that two more major hospitality establishments here will follow suit. The two businesses are Penaga Hotel and Jerejak ... Read More

Experts urge developers to switch focus to landed properties
Malaysian developers should switch their focus to landed properties in respect of the peoples’ wishes to have a better quality of life, said experts. Impetus Alliance chief executive officer and managing director Datuk Seri Michael Yam said affordable landed properties would be a better investment choice for Malaysians. “The Covid-19 ... Read More

Penang to spur property sector and ensure sufficient supply of affordable homes
The Penang government will come out with an action plan to ensure that the low-income earners will still have access to affordable homes post Covid-19. State Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh said it was undeniable that the property sector would face tough times ahead. “We ... Read More

Penang electrical and electronic shops, laundrettes to open for business starting today
Penang has decided to allow electrical and electronic shops, along with full-service laundry shops in the state to reopen from tomorrow onwards, Penang Chief Minister Chow Kon Yeow announced today. He said these sectors have applied and obtained approval from the Ministry of International Trade and Industry (Miti) to reopen ... Read More

Covid-19 crisis forces Penang to review PSP & Penang 2030 vision
The Penang government will review the Penang Structure Plan (PSP) 2030 and Penang 2030 vision as it grapples with fallout from the Covid-19 pandemic. State Local Government, Housing Development and Town and Country Planning Committee chairman Jagdeep Singh Deo said that both documents are crucial to map out the future ... Read More

Residential property prices to surge after COVID-19
Residential property prices are expected to surge in 2021 after stalling this year due to the Covid-19 pandemic, according to a nationwide study by real estate sales and media company Juwai IQI. In its Q1 2020 Property Index and Survey for Malaysia, Juwai IQI predicted that residential property prices would ... Read More

After 4 days without new cases, Penang hopeful of green zone status
After four days without new Covid-19 cases, the Penang government is hopeful the whole state could be declared a green zone state by April 27 if no new cases are reported in all of its districts for 14 days. Seberang Perai Selatan could be the first district to be a ... Read More

Penang can be green states if no new Covid-19 cases in 14 days
Kedah, Perlis and Penang can be the first states in the country to be declared as Covid-19 green states, according to Health Ministry director-general Dr Noor Hisham Abdullah in a Malaysiakini report yesterday. However, there is a catch to it. According to Noor Hisham, the three northern states would have ... Read More

Property prices expected to drop by as much as 20% following Covid-19
Property prices are expected to decline by as much as 20% in the next few months with more motivated sellers, as the impact of Covid-19 continues to unfold. During the online Asean Real Estate Forum, Malaysian Institute of Estate Agents (MIEA) president Lim Boon Ping said that the Malaysian real ... Read More

Penang police warn of stricter enforcement during MCO 3
"From now on, we will be very strict in our checks. "We will ask for every single detail such as their address and such until we are satisfied. “There is no reason for someone from Farlim to come all the way to Jelutong just to get food. Aren’t there any ... Read More
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RECENT COMMENTS
- @LOL They should at least do a same design like Quaywest residence. Now the fence...millionaire on Mezzo @ The Light City
- @Roy @ Grey Property We don't need landed as young generation just having a small...millionaire on 80% of Gen Z Malaysians opt for high-rise living
- @penangpropertiesupupup This project has no different with The Zen in term of unit of plot...millionaire on Central Residence
- Owner no do homework want blame who? Advertisement is called advertisement because it is an...Juwai on Guaranteed Rental Returns (GRR): The Illusion and The Reality
- Landed too expensive. ...Roy @ Grey Property on 80% of Gen Z Malaysians opt for high-rise living
- @Peter yes it looks like mamak vibes ...LOL on Mezzo @ The Light City
- That's why Zen6 is most sought after in Penang Island. Fantastic Seaview with high future...millionaire on 80% of Gen Z Malaysians opt for high-rise living
- Anyone found the colorful lighting show at Mezzo is an awful sense of design? ..............Peter on Mezzo @ The Light City
- The egress and ingress should be well planned to avoid accidents and congestions. The entrance...Thomas Anthony Samy on Bukit Mertajam market redevelopment enters new phase
- May I knows more details about this project ...KJ on PROPOSED: 982-unit affordable housing development in Air Itam
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