Property News
Malaysia’s housing market faces subdued outlook amid unsold affordable homes
Malaysia’s housing market remained sluggish in the first half of 2025, weighed down by unsold affordable homes and weakening developer confidence, according to the Real Estate and Housing Developers’ Association (Rehda). At the release of its Property Industry Survey for 1H2025 and Market Outlook for 2H2025 and 1H2026, Rehda highlighted ... Read More
Penang’s new initiative to free strata housing areas from abandoned car
Penang has become the first state in Malaysia to launch a community-driven initiative aimed at addressing the long-standing issue of abandoned vehicles in high-rise residential areas. The programme, known as Skim Strata Bebas Kenderaan Usang, was officially rolled out at Flat Turnkey Sri Pinang and jointly officiated by Transport Minister ... Read More
Developers warn SST could push property prices up by 5%
The sales and service tax (SST) is emerging as a major concern for property developers, with more than 70% planning to raise property prices by 3% to 5% due to higher costs, according to a survey by the Real Estate and Housing Developers’ Association (Rehda) Malaysia. The survey, which covered ... Read More
Penang gazettes new quit rent rates effective 2026
The Penang government has officially gazetted revised quit rent tax rates for the entire state, marking the first adjustment in more than three decades. The new rates, published in the Penang Government Gazette No. 37 on September 11, will come into effect on January 1, 2026. Chief Minister Chow Kon ... Read More
Esra Residences @ IJM Bayouri
Esra Residences marks the continuation of the landed residential component within IJM Bayouri, a 70-acre freehold township development by Chen Yu Land Sdn. Bhd., a subsidiary of IJM Land, in Nibong Tebal. Following the introduction of Ayra Terraces, Esra Residences expands the range of homes offered within the township, which ... Read More
Penang redraws urban map after six decades, declares 25 new towns
Penang has redrawn its urban map for the first time in nearly 60 years, declaring 25 new towns and expanding the boundaries of 10 existing ones to reflect the state’s transformation from agricultural landscapes into thriving city hubs. The sweeping amendment, gazetted on Sept 4, impacts more than 210,000 land ... Read More
SITE PROGRESS: Orange Hartamas (Sep 2025)
About Orange Hartamas Located in Kubang Semang, this mixed development by Tahwah Group is just a 10-minute drive from Bukit Mertajam and 15 minutes from Kulim Hi-Tech Park. Several public schools, including SJKC Kubang Semang, Sri Penanti Primary School, SMK Penanti, and SMK Mengkuang, are within easy reach. The development features ... Read More
Incentives for “Build-Then-Sell” housing model to be announced soon
In a move to strengthen Malaysia’s housing sector, the government will introduce incentives for developers who adopt the “build-then-sell” (BTS) model, Housing and Local Government Minister Nga Kor Ming announced at the Urban Engineering Symposium 2025 (Urbens 2025) last week. Nga highlighted that the BTS model forms part of broader ... Read More
Senior-friendly park in Taman Lip Sin nears completion
The construction of a senior-friendly park in Taman Lip Sin is entering its final stage, with 93% of the works completed and full completion expected by the end of this month. Penang Island City Council (MBPP) councillor Chan Soon Aun said the RM800,000 project, located next to Block 6, is ... Read More
SITE PROGRESS: D’Aleena (Sep 2025)
About D'Aleena D’Aleena is a serene, nature-inspired township in the heart of Tasek Gelugor, offering a harmonious blend of peaceful living, community spirit, and modern convenience. Following the successful sell-out of its Double-Storey Shop Offices, the latest launch features over 1,000 Single-Storey Terrace Homes and 94 Shop Offices, forming part ... Read More
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