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Penang property market expected to be ‘brisk’ for first half of 2021
In spite of the Covid-19 pandemic and a partial lockdown reintroduced from Jan 13, the outlook of the property sector will remain largely stable for the first half of 2021, according to Raine & Horne International Zaki + Partners Sdn Bhd senior partner Michael Geh. Geh believes that the ‘transactional ... Read More
SITE PROGRESS: The Stone (Feb 2021)
About The Stone An affordable housing development by PLB Land in Paya Terubong, Penang. It is located immediately opposite Majestic Heights, only 1km away from EcoTerrace condominium by EcoWorld. Featuring 1,000 units of affordable houses. (Photo source: Facebook) Find out more about The Stone Register your interest here ... Read More
Holistica Penang
Bintai Kinden Corporation Bhd has proposed to diversify into the property development and management business to reduce its reliance on the mechanical and electrical engineering business. Under the proposal, the company will undertake two mixed property development and management projects, namely “Holistica Melaka” and “Holistica Penang” with healthcare facilities and wellness services ... Read More
New law to stop owners from raising rentals or evicting tenants unfairly
A law to stop landowners from evicting tenants or raising rentals indiscriminately will be tabled next year, says housing and local government minister Zuraida Kamaruddin. She said the Residential Tenancy Act, which will also seek to protect the rights of landowners, is expected to be tabled in Parliament in the ... Read More
Butterworth port a free trade zone (FTZ) from Feb 1
Penang’s Butterworth port will be turned into a free trade zone (FTZ) from Feb 1, federal port regulators Penang Port Commission (PPC) announced today. PPC chairman Tan Teik Cheng said finance minister Tengku Zafrul Aziz had consented to gazette the North Butterworth Container Terminal as a FTZ. Tan said this ... Read More
Condo management can impose Covid-19 tests
Managers of condominium or apartment buildings have the power to require residents to undergo Covid-19 testing, senior minister for security Ismail Sabri Yaakob said yesterday. In response to a question about such a requirement at several condominium buildings recently, he said: “Yes, this is to protect the health of the ... Read More
SITE PROGRESS: Queens Residences (Jan 2021)
About Queens Residences Luxury waterfront development by Ideal Property Group at Bayan Bay with gross development value (GDV) of RM600mil. This development is located in front of BayStar Condominium, just stone’s throw away from Queensbay Mall. Find out more about Queens Residences Register your interest here to keep yourself updated with ... Read More
AFFORDABLE: Bukit Mertajam / JSC Infrabina Sdn. Bhd.
Yet another affordable housing development planned near Jalan Betek in Bukit Mertajam. Proposed by JSC Infrabina Sdn. Bhd, this development is located along Jalan Betek, next to Woodlands Park affordable housing scheme by PTL Properties Sdn. Bhd. It just a stone's throw away from SJK(C) Keow Kuang Primary School, with easy access to nearby ... Read More
Property overhang to remain high in 2021
The number of overhang properties is expected to remain high in 2021 based on income level, locations and prices, according to Rahim & Co International Sdn Bhd. Its research director Sulaiman Saheh referred to Rahim & Co's Property Market Review 2020/2021 which showed that three states, Johor, Selangor and Kuala ... Read More
VIRTUAL TOUR: Beverly Heights Bungalows @ Bukit Gambir
An Epitome of Prestige & Privacy Close to nature and embraced by pristine forest with the numerous hiking trails of Bukit Gambir and yet a whisper away from the hustle and bustle of city life, Beverly Heights offers a refreshing and perfect sanctuary with an exclusive contemporary lifestyle and unsurpassed ... Read More
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