Penang will have a woman as its first mayor after regaining its city status. Chief Minister Lim Guan Eng said the Yang di-Pertuan Agong had on March 10 proclaimed the declaration of the new status for the Penang Municipal Council (MPPP) effective Jan 1 this year. He said the MPPP ... Read More

Construction of Phase One of the GEMS International School of Pearl City, Penang, is now 60% complete and the school is set for intake in September as scheduled this year. School principal Glen Mundy said the RM55mil international school in Bandar Tasek Mutiara in Simpang Ampat near Bukit Mertajam, Penang, ... Read More

* Article by FREEMEN * Buying a property for the purpose of investment in one of the best decision one can make. However, deciding what to do with the property after we get the keys is another ball game altogether. At challenging times like this, not only are we faced ... Read More

WE NEED YOUR VOTES! We have been nominated for The World Bloggers and Social Media Awards 2015 and we need your votes! Please click on the link below, scroll down and look for PenangPropertyTalk.com under BEST NEWS BLOG category. >> VOTE HERE << Take the time to vote. It really ... Read More

Six projects to build or upgrade roads and bridges will be implemented in Penang this year. Chief Minister Lim Guan Eng said the state had allocated RM32.7mil this year for the projects estimated to cost a total of RM86.3mil. He did not say where the rest of the money would ... Read More

The new year started off on a positive note for Penang homebuyers, says Raine & Horne International Zaki +Partners director Michael Geh. Since the state government announced specific guidelines on Sept 13 last year to encourage the building of affordable houses, there has been “greater advocacy” and more approvals of such projects, Geh ... Read More

More selective measures on loans to the property sector, among others aimed at curbing speculation, could be in the pipeline judging from the strong lending to the industry and continued elevated home prices, according to analysts. Analysts contacted tell StarBizWeek that the property measures will not be hard measures but more likely ... Read More

The Real Estate and Housing Developers' Association Malaysia (Redha) expects property prices to increase by 6.2% once the Goods and Services Tax (GST) kicks in on April 1, due to certain building materials which are taxed under the regime. Residential properties are exempt from GST. "94% of the survey's respondents ... Read More

For those who are interested in affordable housing projects, officers from the state housing department together with PDC will be going to Gurney Plaza this Saturday (21 March) for the ‘Mission: Home-Possible’ road-show, to showcase affordable housing projects, as well as assisting potential buyer to submit their completed application forms. Click ... Read More

The Goods and Services Tax will not be imposed on rentals of commercial units below RM500,000 a year, says Datuk Seri Najib Razak. The prime minister said the government had also decided that supply services for all stratified residential houses would be GST-exempt. He said under subsection 18(2) of the ... Read More