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Penang will prohibit owners of low-cost homes from renting out their units
Penang state government will be putting a stop to low-cost and low-medium-cost housing owners from renting out their units. State housing exco Datuk Seri S. Sundarajoo said these affordable housing units are heavily subsidised and are only meant for those who can’t afford expensive homes. “Someone has to put their ... Read More
Astaka Hillside Tanjung Bungah to reopen on Oct 15
The much-awaited Astaka Hillside Tanjung Bungah is expected to begin its operation on Oct 15. Previously, the original Astaka Hillside Tanjung Bungah food court was ravaged by a fire in November 2020. Subsequently, the Penang government announced plans for a new food court on the same site with an estimated ... Read More
Helping the homeless beyond putting a roof over their heads
In George Town, a new ray of hope has emerged for the homeless community in the form of a transit centre that provides warm meals and temporary shelter. The centre, located in Jalan CY Choy, has quickly become a lifeline for individuals like Khairul Taib and Lee Chong Kim, who ... Read More
Introducing Ceria D’ Eco Horizon: Your Dream Home in Penang’s Thriving Eco Township
In a remarkable stride towards sustainable urban living, EcoWorld proudly unveils its latest gem in the bustling Eco Horizon Township – Ceria D' Eco Horizon. This high-rise residential marvel, part of the duduk Series, is not only a testament to EcoWorld's commitment to innovation but also an embodiment of eco-conscious ... Read More
Rehda hopes Budget 2024 will address housing affordability issue
The Real Estate and Housing Developers’ Association (Rehda) hopes that the government will address the affordability, or rather the unaffordability of houses in the nation, as well as introduce measures to alleviate challenges developers continue to face in the upcoming Budget 2024. In its budget wishlist, the association’s president Datuk ... Read More
SITE PROGRESS: Green City Residence (Oct 2023)
About Green City Residence A 29-storey luxury development in the heart of George Town by Green City Garden Development Sdn. Bhd. Located on a half-acre land along Macalister Road, it is only 2km away from KOMTAR and less than 15 minutes drive to Penang Bridge. This project features 52 units ... Read More
MIDF Research: Property sector outlook brightens
The property sector’s outlook is improving amid the downwards trend in the property overhang and inventory levels of developers, says MIDF Research. The unchanged overnight policy rate is also positive for property companies, which helps to support recovery in demand, the research house added. Given the improving outlook for property ... Read More
Iconic Vue @ Batu Ferringhi – Last 3 units from RM450k onwards
Iconic Vue, nestled in the vibrant heart of Batu Ferringhi. Here, you can relish the beauty of a 4km-long Batu Ferringhi beachfront, day and night, brimming with excitement, entertainment, and unmatched convenience. Act fast to secure your slice of paradise – only 3 units left!" Project Highlights: - CCC obtained ... Read More
Iconic Marjorie Hotel set to open in middle of 2024
Iconic Penang Sdn Bhd will complete a RM180 million five-star hotel under the Marriott brand in Penang by the middle of next year. The Iconic Marjorie Hotel will be a 298-room property near Sungai Nibong, touted to be the first five-star Peranakan-inspired hotel of its kind and scale, with designs ... Read More
Sunway and PDC to jointly develop BKIP 2
Sunway Bhd’s 70%-owned Umech Land Sdn Bhd has signed a joint development agreement with Penang Development Corp (PDC) to develop a 559-acre prime industrial land in Batu Kawan, Penang, in exchange for a land entitlement of RM646.02 million. PDC will receive a land entitlement that consists of a RM64.6 million ... Read More
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