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Experts call for vacancy tax to address empty homes and soaring property prices
Housing experts in Malaysia are urging the government to implement a vacancy tax to curb the rising number of vacant and unsold homes, and to stabilise property prices by deterring speculation. According to a report by FMT, many so-called “affordable” housing units are being held vacant by owners or investors, ... Read More
Unpaid parcel rent could cost owners their homes
More than 70,000 property owners here have defaulted on their parcel rent payments, with arrears totalling some RM12.5mil since 2019. The Penang Land and Mines Office (PTG) recently revealed that these homeowners risk losing their strata parcels due to unpaid arrears as of June 1. PTG director Dr Faizal Kamarudin ... Read More
INV New Material Technology opens 1st manufacturing plant in Penang
Penang welcomed a significant milestone in its industrial growth yesterday as battery manufacturer INV New Material Technology (M) Sdn Bhd officially launched its first manufacturing facility at the Penang Technology Park@Bertam, Kepala Batas. The Malaysian subsidiary of Shenzhen-based Senior Technology Material Co Ltd—renowned for its expertise in lithium-ion battery separator ... Read More
SITE PROGRESS: Taman Ara Damai (June 2025)
About Taman Ara Damai Taman Ara Damai is a vibrant township by GSD Land in Tasek Gelugor, offering modern tropical living across eight well-planned phases with around 2,200 units. Featuring a mix of single-storey terrace and semi-detached homes, plus double-storey shop offices, it’s ideal for families seeking comfort, space, and ... Read More
Revised assessment tax reflected in 2nd half-year bill for Seberang Perai
The revised assessment tax rate enforced from 1 January 2025 is now reflected in the second half-year assessment bills issued by the Seberang Perai City Council (MBSP). Mayor Dato’ Baderul Amin Abdul Hamid clarified the matter during a press conference following the council’s 612th Full Board Meeting yesterday. He explained ... Read More
Air Itam–Tun Dr LCE Expressway project reaches 80% completion
The construction of the Air Itam to Tun Dr. Lim Chong Eu Expressway (Package 2), has reached 80% completion and is now entering its critical phase. State Executive Councillor for Tourism and Creative Economy, Wong Hon Wai, announced that a permanent closure of the Lintang Angsana junction will take effect ... Read More
Mah Sing’s new landmark in Batu Maung is launching soon!
Looking for the next big thing in Penang property? Here’s your golden opportunity to own this brand-new freehold serviced residence in one of the island’s most exciting growth corridors — and it starts from just RM4XX,000! Strategically located just 900m from the Penang Second Bridge, this upcoming development by Mah ... Read More
Penang delivers on housing promise with latest RMKu handovers
In a continued effort to ensure housing affordability and uplift living standards, the Penang State Government yesterday officially handed over offer letters for the Rumah MutiaraKu (RMKu) affordable housing projects to selected recipients during a ceremony held at Auditorium F, Level 5, KOMTAR. The ceremony was officiated by YB Dato’ ... Read More
SITE PROGRESS: London Pavilion (June 2025)
About London Pavilion London Pavilion @ Bayan Lepas is a 46-storey freehold apartment by M Summit Premium Sdn. Bhd., offering 527 units with 12 levels of car park. Located opposite SMK Bayan Lepas, it’s close to the Free Industrial Zone, Penang Airport, LRT stations, Silicon Island, and Second Bridge. Facilities ... Read More
Penang has enough land to sustain industrial growth
Penang Chief Minister Chow Kon Yeow has reassured stakeholders that the state possesses adequate industrial land reserves to support economic expansion for the next 10 to 15 years, despite widespread concerns over land scarcity. Speaking at the launch of the Penang State Industrial Master Plan 2030 at Eastin Hotel in ... Read More
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- What is a CAT bridge???? ...Joe Blow on Penang Plans New CAT Bridge Bus Link Between Island and Mainland
- Design from the 90's, top is empty kosong ...Tomb Stone View on SITE PROGRESS: Terraces Condominium (Oct 2025)
- @vivian What a BS comment here. Actual transaction price here is 2nd hand market. Developer...Xiao Zhi on 5 Things to Consider When Investing in Your 1st Affordable Home in Penang
- I am a Tamarind owner who bought the property from E&O in year 2016 for...vivian on 5 Things to Consider When Investing in Your 1st Affordable Home in Penang
- @BK exactly, keep on insisting instead of look at real data till uncle auntie nenek...WOW on 5 Things to Consider When Investing in Your 1st Affordable Home in Penang
- @Reclaimation why keep on insisting 800k when above tamarind owner said he bought at it...WOW on 5 Things to Consider When Investing in Your 1st Affordable Home in Penang
- Ryu : @Tamarind owner Don’t try cheat people. Tell directly. Rm600k or rm690k also...Minion on 5 Things to Consider When Investing in Your 1st Affordable Home in Penang
- Only Zen and Quaywest truly appreciated. The pier is next! ...LL on 5 Things to Consider When Investing in Your 1st Affordable Home in Penang
- @Reclaimation That’s kind of a newbie answer. Any experienced buyer would know that affordable housing...BK on 5 Things to Consider When Investing in Your 1st Affordable Home in Penang
- @Tamarind owner People who are not real owners and "didn't do enough research" might think...Reclaimation on 5 Things to Consider When Investing in Your 1st Affordable Home in Penang
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