Property News

SITE PROGRESS: Sanctuary Terrace (July 2023)
About Sactuary Terrace A residential development by IJM Land at Alma in Bukit Mertajam. Located on 8.9 acres of land along Jalan Santuari 2, about a 20-minute drive to both Penang bridges. Nearby amenities include AEON Mall, Tesco Hypermarket, eateries, schools and banks. This development will offer 95 units of 2-storey terrace houses. Find out more ... Read More

20,000 first-time house buyers nationwide to benefit from improvement of Credit Guarantee Scheme
A total of 20,000 first-time house buyers will benefit from the government guarantees of up to RM5 billion provided through the Housing Credit Guarantee Scheme under Syarikat Jaminan Kredit Perumahan (SJKP). Local Government Development Minister Nga Kor Ming said through the improvement, which provides financing guarantees of up to 120 ... Read More

Penang on its way to becoming the MedTech Hub of Asia as it continues to draw in investors
Penang is set to become the MedTech Hub of Asia as the state's exports in professional, scientific and controlling instruments and apparatus including medical devices continue to rise. According to InvestPenang, Penang's exports in medical devices make up about 65 per cent on average of Malaysia's total in the MedTech ... Read More

Works on SJKC Kuang Yu in Batu Kawan to start by year-end
The relocation of SJKC Kuang Yu from Kuala Muda, Penaga to Batu Kawan will become a reality soon, caretaker Chief Minister Chow Kon Yeow said. After a series of fundraising events were held to raise funds for the school, Chow said the construction works for the school are set to ... Read More

Ideal Property Group inked MOU with global leader of lithium battery industry
Ideal Property Group, a prominent developer in Penang, is pleased to announce the signing of a Memorandum of Understanding (MOU) with ShenZhen Senior Technology Material Co Ltd , a global leader in the lithium battery separator industry. The MOU solidifies a strategic partnership to develop the Penang Technology Park (PTP)@Bertam, ... Read More

SITE PROGRESS: Vivo Executive Apartment (July 2023)
About Vivo Executive Apartment A serviced apartment within Aspen Vision City township development at Batu Kawan. It is strategically located next to the upcoming Integrated Shopping Mall, walking distance to the Central Island Park. The units will be built complete with communal co-sharing working space and a social kitchen to support ... Read More

Road projects in Bukit Tambun set to ease traffic congestion
Several small-scale road projects in Bukit Tambun are scheduled for completion in November this year. Caretaker Penang Chief Minister Chow Kon Yeow said the RM2.4 million road projects are the latest projects approved by the Economy Ministry recently. “The projects primarily involve road widening works in Jalan Bukit Tambun and road ... Read More

Penang residents anticipate commencement of island LRT project
Penang residents, especially those living on the island, are waiting with bated breath for the commencement of the Light Rail Transit (LRT) project at the end of the year. A check by Bernama found that the public was excited about the project and confident that the LRT will ease the ... Read More

SITE PROGRESS: Sena Mas (July 2023)
About Sena Mas The very first gated affordable landed housing in Penang by PTL Properties Sdn. Bhd, featuring 338 units of 2-storey townhouses. It is located within Tasek Gelugor township, easily accessible via Jalan Tasek Gelugor. This development is just stone’s throw away from Setia Fontaines mega township development by SP ... Read More

Rehda speaks out against higher conveyancing legal fees
The recent hike in conveyancing legal fees will lead to an overall rise in the cost of purchasing a house, according to the Real Estate and Housing Developers' Association Malaysia (Rehda). Rehda president Datuk NK Tong said the higher fees will result in buyers having to bear the increased cost ... Read More
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