Penang Pakatan Harapan and Barisan Nasional (BN) submitted today a historic joint motion to the prime minister to address high loan rejection rates affecting home buyers in the state. State executive councillor Jagdeep Singh Deo said state Opposition Leader Datuk Jahara Hamid had signed the joint motion together with Penang ... Read More

The Real Estate and Housing Developers’ Association Malaysia (Rehda) would like to see special end-financing schemes, such as the Skim Pembiayaan Fleksibel (SPEF) that was created exclusively for Perbadanan PR1MA Malaysia homes, applied to private developments as well. Rehda national treasurer Datuk Muztaza Mohamad said this is something the association ... Read More

A new property listing portal in Penang is now available for all home owners, landlords and property agents!! If you have been looking for a property portal that provides comprehensive property search for Penang real estate property listings, home for sale and properties for rent, Penang Property Sale is now ... Read More

In a major win for house buyers at the Appellate Court today, housing developers must now honour liquidated and ascertained damages (LAD) or late delivery compensation to house buyers. During the judicial review hearing, the presiding judge Datuk Hanipah Farikullah granted 104 house buyers an Order of Certiorari, quashing the ... Read More

Property and industrial groups today backed the implementation of the RM27 billion Penang Transport Master Plan (PTMP) for the greater good. Federation of Malaysian Manufacturers (FMM) Penang Branch vice chairman KK Hun said the state needed to move forward or risk being left behind. He cited Malacca and Johor as ... Read More

Penang-based property developer Tambun Indah Land Bhd plans to launch three new projects worth about RM170 million for 2017, said the developer. These projects are Pearl Saujana phase 1, Pearl 28 in Pearl City, Bandar Tasek Mutiara and Palma Residence in Alma, Penang. “The group is optimistic that the planned ... Read More

After waiting for months on end for their applications for advertising permits and developers’ licences (APDLs) to be approved, developers in Penang breathed a sigh of relief recently — they have finally been given the nod. They are now busy with sales and purchase agreement signings and banking in of cheques, ... Read More

Penang and Sabah remain the most attractive regions for investment in the hotel or leisure sub-sector, according to respondents of Knight Frank’s Malaysia “Commercial Real Estate Investment Sentiment Survey 2017” (CREISS). “Looking into the most attractive regions for investments in 2017, Sabah and Penang were voted as the most attractive ... Read More

The unkempt and inaccessible back lanes of George Town will soon be upgraded, beautified and opened up for easy access to pedestrians and cyclists. Starting with three small lanes first, the Penang Island City Council (MBPP), together with Think City, plans to renovate these, upgrade the drainage systems and widen ... Read More

Premier lifestyle developer Eco World Development Group Bhd (EcoWorld) is optimistic about the overall property market this year, which it expects to improve, partly anchored by factors that include low interest environment and positive buying sentiment. "I acknowledge that the property market is still challenging. But this year is going ... Read More