Property News

RM16,000 cash prizes for My Ideal Homes 6.0 photo contest
Executive Chairman of Ideal Property Group, Tan Sri Datuk Alex Ooi Kee Liang promotes creativity, community engagement, and appreciation for the art of photography through My Ideal Homes 6.0 photo contest. Ideal Property Group, a leading property developer in Malaysia, is pleased to announce the launch of its latest photography ... Read More

PIA new multi-storey carpark is now open
The newly constructed seven-storey carpark at Penang International Airport (PIA) opens to the public on 1 April after obtaining the certificate of completion and compliance (CCC) from the relevant authorities. Malaysia Airports Holdings Bhd (MAHB) managing director, Datuk Iskandar Mizal Mahmood said the new multi-storey carpark is anticipated to improve parking problems ... Read More

Expert: Housing Credit Guarantee Scheme improvements will help overcome property overhang
Improvements to the Housing Credit Guarantee Scheme (HCGS) under the Budget 2023 through the increase of financing funds and expanding the qualification of applicants to fixed income groups can help reduce the number of unsold low- and medium-cost houses. Economic expert Jain Yassin said the scheme, which offers financing up ... Read More

Penang in discussions with Putrajaya to fund its Bayan Lepas LRT project
The Penang state government has put a request for a proposal (RFP) exercise for its Bayan Lepas Light Rail Transit (BLLRT) project on hold pending discussions with Putrajaya on funding for the project. State Infrastructure and Transport Committee chairman Zairil Khir Johari said the state has completed the pre-qualification registration ... Read More

E&O to take 15 years to develop the first phase of Andaman Island
Eastern & Oriental Bhd (E&O) has completed the reclamation of Andaman Phase 1 and plans to begin the development of the 253-acre land over the next 15 years with an estimated gross development value (GDV) of RM17 billion. The first property, The Meg, has been on the market since January ... Read More

SITE PROGRESS: GEM Residences (Mar 2023)
About GEM Residences GEM Residences, a commercial development by Belleview Group at Prai, Penang. It is part of the company's 6 hectares mixed development along Jalan Baru, diagonally opposite Megamall Penang. Next to it will be the upcoming largest mall in the northern region - GEM Mall, the tenant mix include ... Read More

Sunway Dora at Bayan Baru achieves 89% take-up rate
Master Community Developer, Sunway Property has launched the residential component of its latest freehold development, Sunway Dora in high-growth Bayan Baru, Penang, achieving an 89% take-up rate in total for the non-bumi condominiums alongside of its 100% take-up rate for its non-bumi commercial shop units which have been launched earlier ... Read More

Penang prioritises liveability in public housing schemes
Liveability is an important issue that the Penang government takes it seriously. Penang Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the state acknowledges the need to ensure that public housing schemes are liveable. “That is why the Penang Housing Board continues to monitor public ... Read More

SITE PROGRESS: Marriott Residences (Mar 2023)
About Marriott Residences A mixed development by BSG Property in Georgetown in Penang. It is located between the famous tourist belt of Gurney Drive and Kelawai Road, next to Evergreen Laurel Hotel. The project comprises a 55-storey skyscraper, featuring a mixed of hotel rooms and condominium units Find out more about Marriott Residences Register your interest ... Read More

AMD to be major tenant for Penang’s ‘GBS by the Sea’ project
AMD Global Services will be the major tenant for the upcoming ‘GBS by the Sea’ project in Bayan Lepas. GBS by the Sea, which is being developed by Penang Development Corporation (PDC), will have a total net lettable floor space of about 300,000sq ft. The project is scheduled to be ... Read More
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