According to data from National Property Information Centre (NAPIC), Malaysia property market transactions for 1H2019 have rebounded for the first time since the market dipped in 1H 2015, indicating a resilient market outlook. Based on the latest data from NAPIC, property transaction in 1H 2019 has surged 6.9% year-on-year to 160,172 transactions as ... Read More

The world’s longest inner tube water slide in a theme park in Teluk Bahang is expected to open to the public by the second half of next month. Penang Escape theme park founder and chief executive officer Sim Choo Kheng said on Wednesday (Sept 25) that the 1,111m-long water slide ... Read More

About Golden Gateway An SME Industrial Park located on a 20.5 acre land at the southeast part of Batu Kawan. Strategically located off Jalan Perusahaan Valdor, just a mere minutes drive to Batu Kawan Industrial Park. It is only 5 minutes away from Penang Second Bridge. Comprises 54 units of semi-detached and ... Read More

A newly proposed affordable housing development by BSG Property at Tanjung Bungah. Strategically located within upscale neighbourhood, off Jalan Loh Poh Heng. It is adjacent to Hillview Garden and Concord Garden. It is only a mere minutes drive to Penang famous tourist belt of Batu Ferringhi. This development will see ... Read More

Zuraida Kamaruddin has reiterated that the Malaysia My Second Home (MM2H) programme for unsold luxury homes encompasses all foreign buyers and is not confined to purchasers from China. She said the campaign is to solve the glut of unsold luxury homes. "I have to set the record straight because the ... Read More

Condominium and apartment units priced between RM200,000 and RM300,000 dominate the list of property overhang in the country, mainly contributed by those in Perak and Kedah. Deputy Finance Minister Datuk Wira Amiruddin Hamzah said condominium and apartment units made up 43 per cent of the total property overhang in the ... Read More

While the Real Property Gains Tax (RPGT) is not likely to be removed in the upcoming Budget 2020, Alliance Bank Malaysia Bhd expects the rate to be reduced amid the current lacklustre property market conditions. Group’s chief economist Manokaran Mottain said the current rate at 24% was slightly higher than ... Read More

Sinaran Avenue @ Utropolis is the third phase of 44.3-acre master-planned Utropolis development by Paramount Property at Batu Kawan, Penang. Strategically located along Bandar Cassia Expressway, about 5 minutes walk to Design Village outlet mall and KDU University College, the first intake of which will commerce Q1 next year. It is only 29km to the ... Read More

Celesta Residency is a modern and low density with 89 units condominium that exudes a high level of opulent sensation for those who seek for distinctive and luxury lifestyle. Filled with opulence in every aspect, Celesta Residency exudes great excellence in style fits for individuals and families that long for ... Read More

Ideal United Bintang International Berhad (IUBIB) has announced to Bursa Malaysia its proposed acquisition of 1st Avenue Mall in George Town at RM153 million last week. The company’s subsidiary, I Homes Properties Sdn Bhd (IHomes), entered into a conditional sales and purchase agreement with 1st Avenue Mall Sdn Bhd (1AMSB) ... Read More