Property News

No much improvement in housing affordability despite soft property market
There has not been much improvement in Malaysia’s housing affordability despite a slow and challenging property market with little growth in transactional activity from the downtrend that was seen since 2013, according to real estate consultancy firm Rahim & Co International Sdn Bhd. Executive chairman Tan Sri Abdul Rahim Abdul ... Read More

Penang International Airport to be upgraded
Construction of a seven-storey car park for the Penang International Airport is scheduled to start next month. Penang Federal Action Council chairman Datuk Seri Zainal Abidin Osman said the RM90mil project is expected to complete next year. “The airport will undergo a RM700mil upgrading works, which will be carried out ... Read More

Exclusive CNY Invitation to Runnymede Group Gallery (18 Feb)
Celebrate this prosperous Chinese New Year with Runnymede Group at Batu Uban, Penang and enjoy Ang Pow up to RM38,888, Special Rebate Package and stand a chance to win Lucky Draw Prizes worth RM19,888 when you purchase a Vilaris Courtyard Homes or Triuni Residences resort condo! Partake in the Photo ... Read More

Possible delay in Penang three paired roads project
The construction of one of the roads in the Penang government’s three paired roads project, which is part of the controversial RM6.3 billion undersea tunnel project, is expected to be delayed. State Public Works, Utilities and Public Transportation Committee chairman Lim Hock Seng blamed the possible delay due to an ... Read More

World’s tallest rope course opening in Komtar this month
Thrills await visitors to Gravityz, the world’s highest rope course, which will open this month at Level 65 in Komtar, Penang. There will be six obstacles along the 90m walk which is 239m above ground on the outside of Penang’s landmark monolith. Get set for adrenaline-filled moments as you go ... Read More

Penang is top with approved investments worth RM7.7b
Penang is top on the national list with approved investments worth RM7.71 billion in the manufacturing sector for 1H17, said Knight Frank Malaysia in its “Real estate highlights for 2nd half of 2017” report launched today. “This accounts for 45% of the total RM17.02 billion investments approved nationwide and which ... Read More

Setia Fontaines CNY Celebration at Juru Auto City – 3 Feb
Be prosperous this Chinese New Year by joining Setia Fontaines Chinese New Year Celebration at Auto City, Juru. Join the Giant Lou Sang*(Limited to 300 pax only) and stand a chance to win Lucky Draw Cash Prizes up to RM2,018*. Date : 3rd February 2018(Sat) Time : 5PM – 10PM ... Read More

Government proposes to cut housing loan interest rates
A proposal which would reduce housing loan interest across banks nationwide is expected to be presented to the Cabinet soon, announced Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi, today. The proposal which will ease the financial burden of those applying for house loans, he said, was initially tabled ... Read More

Aspen partners LG to built smart city at Batu Kawan
LG Electronics Inc few days ago has entered into a partnership with Aspen (Group) Holdings Limited to provide technological solutions, products and services for all of the developer’s real estate developments. The signing of the partnership will see LG setting up its first academy in Malaysia to provide training in skills ... Read More

Be cautious over Guaranteed Rental Return schemes (GRR)
Penangites are getting pretty familiar with GRR schemes. For those who have not heard it, GRR schemes promise a fixed rental income for house buyers for a certain period of time. These schemes are legal, but they are actually not governed by the Housing Development (Control & Licensing) Act. It ... Read More
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- @Goppal Memorable but not put to good use anyway. Not like they turn it into...Islander on Iconic Boon Siew Villa demolished for luxury residential project
- @Hee Chan Quite unlikely, it is almost 4% of the sales price already. I truly...Floyd on Twin Star
- I'm so disappointed with this action, although I'm very exited with seaside condo development such...Goppal on Iconic Boon Siew Villa demolished for luxury residential project
- @Jacky hands up and 100000% agree! and wow MCD drive through there! amazing! ...LL on The Pier
- @Hee Chan Thank you for sharing brother. Developer Twin star is good in marketing &...Ryu on Twin Star
- @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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OTHER DEVELOPMENTS
- Affordable Housing (Penang Island)
- Butterworth Arena
- Columbia Asia Medical Centre
- Eco-Tourism Hub @ Batu Kawan
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- 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