Residential property worth more than RM2bil was either bought or had their ownership transferred to foreigners over the past year, says Nga Kor Ming. The Local Government Development Minister said this represented less than 1% of total residential property transactions from 2022 to June 2023. The bulk of transactions, totaling ... Read More

Construction companies and property developers with exposure to Penang are set to benefit tremendously from the extensive development in the state. According to TA Research, the Penang Transport Master Plan (PTMP) could be a strong growth catalyst for both the construction and property development sectors in the country. With various ... Read More

The government will expand the Rent-to-Own scheme to enable more people from the B40 and M40 groups to own homes. Local Government Development (KPKT) Minister Nga Kor Ming (pix) said cooperation with financial institutions will be continued to provide attractive and sustainable housing financing packages. “The ministry (KPKT) through PR1MA ... Read More

Sedusun Tech Valley, which is set to be a new agrotourism centre in Relau, on Penang island, is set to receive a RM50 million boost from the Economy Ministry. The Sedusun Tech Valley project is one of the Penang government's strategic projects, in collaboration with the Northern Coridor Implementation Authority ... Read More

Queens Residences Q3 is the third phase of the Queens Waterfront development by Ideal Property Group, situated near Queensbay in Penang. Positioned strategically on reclaimed seafront land directly opposite Queensbay Mall, it's an expansion of the successful Q1 and Q2 projects, which currently command prices exceeding RM1,000 per square foot ... Read More

Ideal Property Group, a leading real estate developer, is delighted to announce a significant development in the expansion of Penang Technology Park @ Bertam, as it signs a Sale and Purchase Agreement (“SPA”) with Zestron Precision Cleaning Sdn. Bhd. This partnership marks a momentous step forward for both companies and ... Read More

Experience the thrill of driving BMW iX1 with Paramount Property at BMW Tian Siang Butterworth Showroom! While you are at it, you are welcome to explore the showrooms of Savana and Paramount Palmera. Love it? Then grab the opportunity to own your perfect home, or make your golden investment 👀✨ Mark your calendar! ... Read More

The Ministry of Local Government Development (KPKT) plans to implement a build-then-sell (BTS) housing delivery system rather than a sell-then-build (STB) delivery system next year, to reduce the number of “sick” or delayed housing projects. KPKT Minister Nga Kor Ming said the ministry will work together with the Real Estate ... Read More

The expansion of Penang International Airport (PIA) is expected to take place in the third quarter of 2024. State Tourism and Creative Economy Committee chairman Wong Hon Wai said the expansion would take about four years to complete. “The next Visit Malaysia Year has been set for 2026 and it ... Read More

Cyclists are happy that a temporary lane leading to Karpal Singh Drive has been opened along Tun Dr Lim Chong Eu Expressway in Penang. IJM Land northern region general manager Goh Su Yin said the 1km-long lane was to replace the bicycle lane which had to be removed to widen ... Read More