The Real Estate and Housing Developers’ Associa-tion (Rehda) Penang has been urged to play a bigger role in helping local developers obtain the advertising permit and developer licence (APDL) for their projects. It was reported in The Star that 47 out of 81 applications for the licence for state government ... Read More

Let us have a comparison between apple and orange. If you have a budget of about RM700,000 to RM800,000, which of these two projects would you buy? Eco Meadows offers an exclusive landed living in a less branded location while Skyridge Garden suggests a condominium living in a glamorous island ... Read More

Penang has received its first two Perumahan Rakyat 1Malaysia (PR1MA) applications to undertake affordable housing projects involving 2,600 units. The applications are for a project in Batu Ferringhi (1,520 units) and another in Kampung Kastam, Bukit Gelugor (1,124 units). State Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo ... Read More

Eco Marina, an upcoming gated and guarded landed development by Eco World, located in the northern part of Batu Kawan. The masterplan of this development comprises a 150-acre waterfront and international standard golf course with homes offering stunning views of the sea and golfing greens. Potentially become one of the most ... Read More

The final cost of the Penang Transport Master Plan (PTMP) could balloon to more than the estimated RM27 billion once all the plans — including for the elevated rail system alignment — and the relevant detailed studies are completed, with federal approvals obtained. Gamuda Bhd-led SRS Consortium project delivery partner ... Read More

Lectures on property among expo’s highlights The Penang Property Summit 2016 will take place from Friday to Sunday for the second year running at the Subterranean Penang International Convention and Exhibition Centre. With over 30 exhibitors at the three-day event, it will kick-start on Friday with an International Real Estate ... Read More

Vertu Resort, the very first resort-inspired high-rise development by Aspen Group at Batu Kawan, with a gross development value (GDV) of RM620mil. This is the second phase (and the first residential development) in Aspen Vision City. The project will comprise units that will be priced between RM350 and RM380 per sq.ft. and is slated ... Read More

Penang-based Aspen Group has set a sales target of RM1 billion this year after recording sales of RM900 million last year. Aspen Group CEO Datuk M Murly (pictured) said the target will be achieved through four launches worth more than RM2 billion this year, including its maiden venture outside the ... Read More

Queens Residences, a 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. This project will be developed in 4 phases. First two phases are currently in progress, ... Read More

Looking back at 2015 2015 was certainly a challenging year for property developers. Various cautionary signals continued to influence the market sentiments. This is evidenced by the consecutive quarter-on-quarter decline in the residential property transactions since 2013. The decline in transactions was particularly obvious for residential property in the island ... Read More