Whether you’re a property investor, an owner simply looking to sell your current home to purchase your dream home or a corporate group engaging in a corporate restructuring exercise, it is important to be aware of all costs associated with a real estate transaction including the real property gains tax (RPGT) ... Read More

Penang has made the installation of fibre optic cable mandatory for all new housing schemes and buildings in a move to accelerate the development of its telecommunications infrastructure. State Transport and Infrastructure Committee chairman Zairil Khir Johari said Penang has enforced fibre optic installation as a basic utility on par ... Read More

EcoWorld announced its financial results for 2Q 2021 yesterday. EcoWorld hits 88% sales target for FY2021 in 7months. Declares 2sen interim dividend. Strong 2Q2021 results with steady sales momentum across all projects. Amidst a challenging backdrop, EcoWorld is encouraged by the strong results achieved with continued steady sales momentum contributed ... Read More

M VISTA VIRTUAL TOUR [View in FULL SCREEN] M Vista @ Southbay is a low-density development in Penang Island, featuring only 237 units of comfort homes with spectacular views.  Strategically located within 5 minutes drive from Penang’s Second Bridge, about 10-minute drive from Queensbay Mall and Penang International Airport. Do not despair if ... Read More

Lenders cashed in on pandemic relief measures as strong purchases of residential properties and passenger cars helped expand household loans faster in the first quarter, according to data from the World Bank. “Outstanding household loan growth increased to 6 percent in Q1 2021 (Q4 2021: 5.4 percent), mainly driven by ... Read More

The Bukit Kukus paired road project has reached 95.91% for a section of the highway which is expected to be fully completed by the end of October this year. Penang Transport and Infrastructure Committee chairman Zairil Khir Johari said the current full movement control order (FMCO) from June 1 to 28 ... Read More

PropertyGuru Asia Property Awards, the region’s leading real estate awards programme, presents key dates and event formats for the 2021 Awards season. In the past year, the programme has maintained the prestige of hosting successful awards celebrations albeit the global outbreak. By taking the pandemic situation and safety protocols into account, the organisers have set up a series of virtual, physical, and/or hybrid events specially curated for each country. Now, as the vaccinations ... Read More

Those who miss the old Penang ferries that were retired earlier this year will get a chance to ride on them again this year – on pleasure cruises. The Penang Port Commission, the federal government body that owns the ferries, said today several companies have been given a 10-year lease ... Read More

The Penang state government has allocated an estimated RM468,000 to pay for the ferry fares of all Malaysian foot passengers for the next six months. Infrastructure and Transport Committee Chairman Zairil Khir Johari said all Malaysians using the ferry service will be able to use it for free from July ... Read More

A total of 150 construction sites nationwide have been ordered to close since June 1 for failing to comply with the stipulated standard operating procedure (SOP) of the Movement Control Order (MCO) 3.0. The Works Ministry said in a statement that the Construction Industry Development Board (CIDB) had inspected a ... Read More