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Neighbourhood park launched in Sungai Pinang
Sungai Pinang residents and those staying around the Karpal Singh Drive have additional joy when the ground-breaking ceremony of a three-acre neighbourhood park was launched at Lebuh Sungai Pinang 7 as part of a green project by the state today. Chief Minister Chow Kon Yeow, who planted a Malayana sapling ... Read More

Unreleased bumi lots contribute half of property overhang in Malaysia
The unreleased Bumiputera lots contribute to about 40% to 50% of the country’s overhang numbers, according to Real Estate & Housing Developers’ Association (Rehda) Malaysia president Datuk Soam Heng Choon. Many completed houses in certain states were unsold because the state governments do not want to release the Bumiputera lots ... Read More

The Light City officially broke ground yesterday
The second phase of The Light Waterfront project, The Light City held its groundbreaking ceremony, officiated by the Mr. Ong Teng Cheng, Managing Director of IJM Construction Sdn Bhd, and Dato' Toh Chin Leong, Senior General Manager (Northern Region) of IJM Land Berhad and Director of IJM Perennial Development Sdn ... Read More

UPCOMING: Bukit Mertajam / Znen Landmark Development
An upcoming mixed development by Znen Landmark Development Sdn. Bhd. at Bandar Perda commercial district in Bukit Mertajam. Located near Jalan Perda Utama roundabout, just a stone's throw away from KPJ Penang Specialist Hospital and Seberang Perai City Council. Neighboring communities include BM City Mall and Metropol, which is still under ... Read More

George Town wins gold medal in 4th WeGO Awards
George Town, the capital city of Penang, has been awarded the Gold Medal for the fourth edition of Sustainable Cities Organisation Awards (WeGO Awards) under the Mobility category. State Housing, Local Government and Town and Country Planning Committee chairman Jagdeep Singh Deo today said this was the first time Penang ... Read More

RM300k and below form the largest segment of unsold residential units.
Developers are scratching their heads as to why the most affordable units priced RM300,000 and below form the largest segment of total unsold residential units. Real Estate and Housing Developers’ Association (Rehda) Malaysia vice-president Zulkifly Garib (pic) said: “The overhang is an accumulation of many years. We need to understand ... Read More

Rehda expects lower HOC sales
The sales of the Home Ownership Campaign (HOC) 2020-2021 are expected to be lower than last year owing to the lacklustre performance in the first half of 2020, said Real Estate and Housing Developers' Association (Rehda) Malaysia president Datuk Soam Heng Choon. HOC 2019 recorded sterling sales of 57,000 units ... Read More

UPCOMING: Jelutong / Kobay Properties Sdn. Bhd.
A proposed mixed development by Kobay Properties Sdn. Bhd. at Jelutong. Located on a 6-acre land along Jalan Ahmad Nor, adjacent to Urban Suites development by Cosmopolitan Homes. It is easily accessible from Penang Bridge and George Town via Tun Dr. Lim Chong Eu Expressway, surrounded by established communities and ... Read More

Property overhang won’t worsen as loan moratorium ends
The Real Estate and Housing Developers’ Association Malaysia (Rehda), which is cautiously optimistic about the outlook of the property sector, hopes for better improvement in the first half of 2021 (1H2021), provided there is no new community transmissions of the COVID-19 pandemic in the country. The expected sales will further improve in ... Read More

SITE PROGRESS: Residensi Permatang Pauh (Sep 2020)
About Residensi Permatang Pauh Affordable housing undertaken by Excel Focus Properties Sdn. Bhd. It is strategically located within the established township of Permatang Pauh, only about 500 meters away from Butterworth-Kulim Expressway. Neighboring communities include Taman Naluri, Taman Naluri Ria and Taman Janggus Jaya. Find out more about Residensi Permatang ... Read More
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