Industry players foresee a future increase in property prices as incoming supply falls, making it a good time to buy property. “I reckon supply [of residential] will drop this year, even next year. But I think property prices will start to increase because we will see [a] lack of supply ... Read More

A proposed mixed development by BSG Property in Georgetown in Penang. It is located between the famous tourist belt of Gurney Drive and Kelawai Road, next to Evergreen Laurel Hotel. The proposed development comprises a new 55-storey skyscraper, featuring a mixed of hotel rooms and condominium units: Hotel (223 rooms) ... Read More

Inspired by the leaf considered a symbol of good luck in many cultures around the world, The Clovers in Sungai Ara, Penang, is designed to be a living sanctuary blessed with nature’s wonders. A freehold residential high-rise by Asia Green Property Development, it comprises a trio of 42-storey towers. Its ... Read More

Despite the dampened property market, developer Ivory Properties Group Bhd is anticipating its earnings for the financial year ending March 31, 2016 (FY16) to be comparable with FY15 — if not better — driven by two projects: the Penang Times Square and Penang WorldCity. It saw a net profit of ... Read More

Over 500 houses in Hong Seng Estate in Penang may soon have to make way for a new housing project. A resident who has stayed there for 30 years said he heard about the plans to redevelop the land but did not have any details. “This is my ancestral house ... Read More

Penang Affordable Housing Video (courtesy of Penang State Housing) * Click HERE to see full list of affordable housing in Penang * ... Read More

Taman Daya Maju, a residential development by Airmas Group in Bukit Mertajam, Penang. Strategically located next to the junction between Jalan Song Ban Kheng and Jalan Megat Harun. It's only few hundred meters away from the Maju Jaya Business Center, just a mere minutes drive to Bukit Mertajam Town Center ... Read More

Pearl Tropika, is the latest development of the self-contained Pearl City township of Simpang Ampat in Southern Seberang Perai. It is just next to Raintree Park, only a mere minutes drive to the North-South Highway, Penang Science Park and the Penang Second Link and Pearl City Mall. Property Project : Pearl Tropika Location : ... Read More

Poll to find name for Penang’s new, intelligent, satellite township The people will have a say in the naming of Penang’s new, intelligent, satellite township on mainland Seberang Prai. The township is in Batu Kawan, in the southern Seberang Prai district, Chief Minister Lim Guan Eng said today. He said ... Read More

One of the most common question asked here is the current market value of a property in Penang. Certainly, it is everyone's dream that their property value gain a measurable appreciation. Property market value can be interpreted very differently depending on the specific market you’re discussing. Each house is unique ... Read More