The property market in Penang is expected to contract by at least 10% this year compared with 5% in 2017 as a result of the overnight policy rate (OPR) been raised by 25 basis points to 3.25%. “You can argue that it is not a lot. If wages increase correspondingly ... Read More

The Skyline, yet another residential development by PLB Land at Paya Terubong. Part of the Skynet City township development located along Jalan Paya Terubong. It is adjacent to Majestic Heights, just a stone's throw away from the new 6km-long paired road (under construction) via Jalan Bukit Kukus. This development will ... Read More

A proposed residential development by Park Avenue Construction Sdn Bhd (a wholly owned subsidiary of Atta Global Group) at Butterworth, Penang. Strategically located along the ever-bustling Jalan Raja Uda, Adjacent to the Elements Garden by Oriental Max Group. It is about 15 minutes drive from Penang Bridge. This development comprises a ... Read More

Taman Slim Jaya, a low-density mixed development by Asiamas Housing at Jelutong, Penang. Strategically located along Jalan Slim, just a stone's throw away from Setia Sky Ville development scheme by S P Setia.  It is only mere minutes drive to various high schools, namely Heng Ee secondary school, Penang Free School and Han ... Read More

Atta Global Group Bhd is acquiring property development company Sungguh Gemilang Development Sdn Bhd for RM12 million. In a filing with Bursa Malaysia today, the metal recycler and trader of metal related products said the proposed acquisition is a strategic move in line with its proposed diversification into property development ... Read More

* Article by Freemen * Following news reports on the decrease of transaction volume in the property market, many experts have been citing drops of it not only in Kuala Lumpur, but Penang as well. Penang is a state by itself, but the island and mainland have both very different ... Read More

Lack of information is the reason for the current residential property overhang in Malaysia, the Real Estate and Housing Developers Association (Rehda) said today. Its deputy president Datuk Soam Heng Choon said lack of data causes developers to build in locations that do not generate demand as projected during the ... Read More

BM Idaman, an upcoming strata residential development by Metro Jelata Group in Bukit Minyak, Penang. Strategically located next to BM Utama housing scheme by DNP Land, about 5 minutes away from AEON Big hypermarket. It will takes about 15-20 minutes drive to Penang bridge. This gated and guarded development scheme will offer various ... Read More

Six developers will launch more than RM6.29bil worth of properties in the country this year amid a backdrop of property glut and rising bank interest rates. Ideal Property Sdn Bhd will launch properties with a total gross development value (GDV) of with RM550mil, IJM Land Bhd RM987mil, Mah Sing Group ... Read More

Situated in 12 acres land in the heart of thriving Seberang Jaya township, Sunway Carnival mall has established itself as a major suburban shopping mall since opening in 2007. The expansion will be implemented in phases with Phase 1 to be completed by November 2020, featuring more than 1.2 million ... Read More