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

The weakening ringgit has resulted in an increase of 20-25% in the cost of some construction materials, said the Real Estate and Housing Developers’ Association Malaysia (Rehda) president Datuk Seri Fateh Iskandar Mohamed Mansor. “The cost of certain construction materials has actually gone up. For residential units, if you talk ... Read More

The number of unsold property units in Malaysia have increased due to unreleased Bumiputera lots and loan rejections, says the Real Estate and Housing Developers Association (Rehda). The percentage increased by 14% in the first half of 2015 ended June 30, 2015 from the preceding half ended Dec 31, 2014, ... Read More

GUH Holdings Bhd is buying land to develop a light industrial park in Seberang Perai — a plan to cultivate future earnings growth in its property division. In a filing with Bursa Malaysia, GUH Holdings said its unit GUH Realty Sdn Bhd entered into a sale and purchase agreement (SPA) ... Read More