Nanyang Street @ RU Square is the transformation of early Penang Style while adapting to the Southern Eclectic Style building to Modern Living Shophouses from the George Town UNESCO World-Heritage to the heart of Raja Uda, Butterworth. This is part of the approximately 14-acre development of RU Square which consists of residential and commercial properties upon completion. This well-planned commercial development is proudly brought to you by Jayamas Property Group.

This development offers 77 units of freehold extendable 4-storey shop offices that feature the Eclectic Style Shophouses from three different eras till the end of exhaustion to the late Qing Dynasty. The built-up is from 3,337 sq. ft – 7,337 sq. ft. Indicative selling price starts from RM1,980,000. It is scheduled for completion by the end of 2026.

Project Name: Nanyang Street @ RU Square
Location: Raja Uda, Butterworth
Property Type: 4-storey shop office (Extendable)
Built-up Size: 3,337 sq.ft. – 7,337 sq.ft.
Total Unit: 77 units
Indicative Price: RM1,980,000 onwards
Developer: Jayamas RU Sdn Bhd (Jayamas Property)

DISCLAIMER: This article is solely based on research done using publicly available data. This is not an advertisement. Any claim, statistic, quote or other representation about a project or service should be verified with the developer, provider or party in question.

About Ferringhi Hills

A landed residential development within the established township of Batu Ferringhi. It is located along Persiaran Sungai Emas 1, only 10 minutes walk to Ferringhi Beach. It will feature a mix of 3-storey terrace (with lower-ground level) and semi-detached, bungalow houses, to be constructed in two phases.

Find out more about Ferringhi Hills

The implementation of a vacancy tax could be a key factor in addressing the issue of vacant and unsold housing units across Malaysia.

Khazanah Research Institute’s Theebalakshmi Kunasekaran said this tax is imposed on housing units that remain unoccupied or unused for a certain time period.

It is usually calculated as a percentage of the gross selling price of these units, which means the higher priced housing units will have a greater corresponding tax amount.

She noted in a report the aim of this tax is to encourage developers to be more cautious when planning housing projects.

“They would be prompted to undertake a comprehensive feasibility study to analyse the local market demand and provide housing that caters to the diverse needs of different population segments.

“This can prevent oversupplying products that can contribute to the property glut,” she said.

According to Theebalakshmi, this tax will also discourage speculative activities by people who hold units to make quick profits.

Meanwhile, Theebalakhsmi said vacant units not only are left idle, but also impact resources and neighbourhoods in terms of development. She said when there are overhang units, there is less utilisation of public transport services which will place a strain on public resources.

“Additionally, the presence of unoccupied units can also lead to disinvestment in townships by discouraging property developers and businesses from investing in the neighbourhoods,” she said.

Theebalakhsmi concluded the vacancy tax will push developers and homeowners to start selling or renting their empty units to avoid paying the tax.

“Consequently, this will provide home buyers with access to affordable housing options as developers lower their price through ‘fire sales’ to clear the glut.”

Source: TheStar.com.my

Chinatown @ Raja Uda, is themed uniquely and integrated FREEHOLD commercial development where everything converges in one location to satisfy businesses, offices, entertainment, food & beverages and local amenities need. It is now set to change the Raja Uda townscape through a well-planned collection of the Chinatown themed commercial spaces within a thriving hotspot of commercial activity. This well-planned commercial development is proudly brought to you by Jayamas Property Group.

This development offers 30 units of freehold extendable 4-storey shop offices, featuring a build-up from 3,337 sq.ft – 7,337 sq.ft. Indicative selling price starts from RM1,800,000. It is scheduled for completion by 1st Quarter of 2026.

Project Name: Chinatown @ Raja Uda
Location: Raja Uda, Butterworth
Property Type: 4-storey shop office (Extendable)
Built-up Size: 3,337 sq.ft. – 7,337 sq.ft.
Total Unit: 30 units
Indicative Price: RM1,800,000 onwards
Developer: Jayamas RU Sdn Bhd  (Jayamas Property)

DISCLAIMER: This article is solely based on research done using publicly available data. This is not an advertisement. Any claim, statistic, quote or other representation about a project or service should be verified with the developer, provider or party in question.

Ten new transportation projects have been included in the 12th Malaysia Plan (12MP) including the Penang light rail transit (LRT) project.

During the presentation of the mid-term review of the 12MP, Prime Minister Datuk Seri Anwar Ibrahim said the government emphasised the development of sustainable and resilient transport and logistics infrastructure.

“A major shift in strengthening the public transport network will provide better access and connectivity.

“More people will enjoy public transport services that are increasingly efficient, reliable, affordable and safe,” he said in Parliament yesterday.

The other nine new transportation projects are the expansion of Bus Rapid Transit (BRT) and intra-city bus services including in Johor Bahru and the Klang Valley; upgrading of the Senai-Desaru Highway; widening of the North-South Highway (from Yong Peng to Senai Utara) in phases; construction of Sarawak-Sabah Link Road II; construction of Sabah Pan Borneo Highway Phase 1B; Penang International Airport expansion; redevelopment of Sultan Abdul Aziz Shah Airport, Subang; upgrading the East-West Highway from Gerik, Perak to Jeli, Kelantan; and upgrading the road from Tanah Rata to Kea Farm, Cameron Highlands.

“The development of a new port on Carey Island is also expected to strengthen Port Klang as a regional transshipment hub.

“The government will also improve transport infrastructure maintenance works to extend the lifespan of roads, rail assets and air navigation equipment,” he added.

Source: NST Online