The scarcity of land has been and will continue to be a challenge in Penang Island. This is particularly true in George Town where some development land were transacted at more than RM1,000 per sq.ft. Here are a few upcoming development to lookout for in 2017/2018. Senrita Development Sdn. Bhd ... Read More

A typical transaction for a sub-sale and purchase agreement (SPA) of an immovable property (whether a landed property or strata titled property) in the secondary market is normally divided into three stages: The pre-SPA stage; The formation of the SPA stage; The completion of the SPA stage. The pre-SPA stage ... Read More

There is a view emerging out there that Bank Negara will have to raise the benchmark overnight policy rate (OPR) by the end of the year or early next year. This view is premised on a strengthening economy, which usually means higher inflation as wages grow, unemployment comes down and ... Read More

In collaboration with GM Training Academy, we are co-organizing "Penang Property Convention" on 29 July 2017. Come and join us for this informative property investment event. Whether you are seasoned property investor or first time home buyer, this event will give you a real insight into Penang property market trends and learn about buying ... Read More

The objective of creating a smart and intelligent city is possible with the right vision and manpower to carry out the plans, said new Penang Island City Council (MBPP) mayor Datuk Maimunah Mohd Sharif. “The focus is to increase the quality of services provided by the city council and the ... Read More

Mah Sing Group Bhd (Mah Sing) has acquired two new pieces of prime lands in Batu 2.5 Cheras, Kuala Lumpur and Bukit Mertajam, Penang, for a total RM307.3mil. It said the lands in Kuala Lumpur and Penang were for a proposed integrated development and a business park respectively with a ... Read More

Montage, yet another high-rise development by Prisma Bumiraya Sdn. Bhd. (Pearl Ocean) at Sungai Nibong, Penang. It is strategically located of Gerbank Bukit Kecil 2, adjacent to Kristal Court Townhouse and Kristal Villa. This is just a stone's throw away from the company's first condominium development in Sungai Nibong - Novus ... Read More

A newly proposed mixed development by Mansion Properties Sdn. Bhd. (A subsidiary of MPSB Group) at Machang Bubuk, Bukit Mertajam. It is located near Jalan Machang Bubok 1, about 5 minutes walk to SK Machang Bubuk Li. It's neighboring communities include Tropicale Residency, Hillpark Residence and Taman Machang Bubuk. This ... Read More

The goal of bringing life to under-used back lanes in George Town, Penang, is starting with the RM950,000 makeover of the one connecting Magazine Road and Gurdwara Road. The facelift would involve an 870sq m area and is being touted as a pioneer project to beautify back lanes in the ... Read More

Some RM20mil worth of residential properties in upper class neighbourhoods of Penang island have been left unoccupied for many years, turning them into eyesores. The dilapidated buildings at Jalan Masjid Negeri and Lebuh Bukit Jambul have become dumpsites or breeding ground for mosquitoes. A woman employee of a development firm ... Read More