Market performance remained sluggish in the first half of this year as property transaction numbers in the country continued their downward trend. According to the National Property Information Centre’s (Napic) data for 1H2016, a total of 163,528 properties were transacted averaging 27,255 properties a month, a decrease of 12.3% compared ... Read More

Will property prices come down?” This is not a new question especially in a time when the property market is soft. Before one answers that question, panellists at TheEdgeProperty.com’s Roundtable on Budget 2017 held on Oct 24 pointed out that industry stakeholders should first ask and find out whether there ... Read More

Mirage @ Tanjung Bungah, another high-rise mixed development by Kobay Development at Tanjung Bungah, Penang. It is located on a 1.5 acre seafront land along Jalan Tanjung Bungah, diagonally opposite Grand Ocean Condominium. This development will see the construction of a 45-storey building with 2 residential towers. It offers a total ... Read More

InterContinental Hotels Group (IHG®), one of the world's leading hotel companies, has signed a management agreement with Exopuri Development Sdn Bhd to develop a new 288-room Holiday Inn & Suites on mainland Penang. The hotel will be strategically located in the bustling commercial district of Prai, between the major bridges ... Read More

Blossom @ Tanjung Bungah, an upcoming mixed development by Kobay Development Sdn. Bhd. at Tanjung Bungah. It is strategically located along Jalan Tanjung Bungah, in front of The Waterfront Condominium. Just a short drive to the famous tourist belt of Batu Ferringhi. This development will see the construction of a ... Read More

If you feel that Penang, especially the island, is getting crowded you are absolutely right. According to the Department of Statistics, the level of urbanisation in Penang at 90.8 per cent is among the highest after Kuala Lumpur, Putrajaya and Selangor. The population density of the northern state is also ... Read More

Eastern and Oriental Bhd (E&O) is set to launch its latest project Amaris Terraces By-The-Sea at its Seri Tanjung Pinang development in Penang this November, pending the completion of the project’s show unit. “We are calling this project Amaris Terraces By-The-Sea because some of the units are literally by the ... Read More

Villa Harmony, one of the first gated and guarded community in Tasek Gelugor. Featuring 24 hours guarded living with CCTV surveillance. It is located along Jalan Pokok Machang, just a short drive away from Gelugor town centre. This development comprises 44 units of 2-storey terrace and 18 units semi-detached and ... Read More

The state government has increased the development density to 128 units per acre up from 87 units per acre as part of measures to cushion the unfavorable economic impact on developers and to lower prices for residential units. Penang Housing, Town and Country Planning Committee chairman Jagdeep Singh said units ... Read More

Following the unveiling of Penang Transport Master Plan, developers are eyeing for opportunities near LRT stations. This is particularly obvious in Sungai Nibong where there were at least 7 projects proposed by 6 developers in the past 12 months, with the exception that there is still no official plan submitted by ... Read More