SP Setia Bhd is acquiring 1,675 acres of land in Penang for RM620.12 million following a successful tender bid. In a filing with Bursa Malaysia yesterday, the group said its wholly owned subsidiary Setia Recreation Sdn Bhd accepted an award of tender for the purchase of the parcels of freehold ... Read More

The guidelines for the increase in development density to 128 units per acre from 87 units per acre will only come into effect next year in Penang. Penang Local Government, Traffic Management and Flood Mitigation Committee chairman Chow Kon Yeow said the state was in the process of fine tuning ... Read More

Tropical Island Resort Sdn Bhd (TIRSB) has entered into a joint-venture agreement with Q Islands Development Sdn Bhd (QID), a subsidiary of Ideal Property Group, to redevelop the Jerejak Rainforest Resort & Spa and the 80 acres of land owned by TIRSB on the island. TIRSB is a joint-venture company ... Read More

Another newly proposed project by Biopolis Global Sdn. Bhd. at Tanjung Bungah. Strategically lcoated along Jalan Chan Siew Teong, easily accessible via Solok Tanjung Bungah. It is adjacent to Chee Seng Garden, just a stone's throw away from Leader Garden condominium. The proposed development will see the construction of a ... Read More

Want to be part of Penang’s most desirable community? Amaris, superluxe terrace houses by-the-sea® presents a golden opportunity for any homeowner who wishes to become part of the community here within the Seri Tanjung Pinang masterplanned development. Exclusivity is key and there are only 29 units of these lovely houses ... Read More

An upcoming residential development by Airmas Synergy at Bukit Mertajam. It is strategically located near Jalan Permatang Rawa, just a stone's throw away from Sunway Wellesley development scheme by Sunway Property. Only mere minutes drive to Bukit Mertajam town centre. This development comprises a 13-storey condominium offering 140 residential units, ... Read More

The right to shelter is an inalienable basic human right. Providing basic, sufficient and affordable housing for its people, particularly those with a low income, is one of the fundamental duties of the state. However, if a government-linked research institute’s housing survey is any indication, it has validated the people’s ... Read More

Market performance remained sluggish in the first half of this year as property transaction numbers in the country continued their downward trend. According to the National Property Information Centre’s (Napic) data for 1H2016, a total of 163,528 properties were transacted averaging 27,255 properties a month, a decrease of 12.3% compared ... Read More

Will property prices come down?” This is not a new question especially in a time when the property market is soft. Before one answers that question, panellists at TheEdgeProperty.com’s Roundtable on Budget 2017 held on Oct 24 pointed out that industry stakeholders should first ask and find out whether there ... Read More

Mirage @ Tanjung Bungah, another high-rise mixed development by Kobay Development at Tanjung Bungah, Penang. It is located on a 1.5 acre seafront land along Jalan Tanjung Bungah, diagonally opposite Grand Ocean Condominium. This development will see the construction of a 45-storey building with 2 residential towers. It offers a total ... Read More