Penang's secondary property market transaction volume is expected to remain resilient with the implementation of the Goods and Services Tax (GST). Malaysian Institute of Estate Agents (MIEA) Penang branch Chairman Mark Saw said the GST would have a minimal impact on the secondary property market, driven by high demand especially ... Read More

Ewein Zenith Sdn Bhd, a joint venture between Ewein Land Sdn Bhd and Consortium Zenith BUCG Sdn Bhd (CZBUCG), has received planning permission from the Penang Island City Council to go ahead and develop a mixed project on a 3.67-acre freehold land in Bandar Tanjong Pinang, Penang. In a filing ... Read More

House buyers are advised to do their homework first to avoid booking fee headaches. A woman paid RM2,000 as deposit for an apartment to the developer without her family's knowledge. Her parents objected because when they came to know about it because they were afraid she would be tied down ... Read More

Botany Bay Residence, an upcoming luxury residential development by Blossom Acacia Sdn. Bhd. in Tanjung Bungah, Penang. It is strategically located on the hill of Tanjung Bungah overlooking the Andaman Sea. This is a 5-storey low rise low density development with only 47 units of luxury residences. Unit size ranging ... Read More

Most if not all house buyers will require financing to buy their dream homes. While there appears to be stiff competition among banks for market share and interest rates may be kept low, house buyers are ultimately at the mercy of banks when it comes to the detailed terms and ... Read More

Implementation of the Goods and Services Tax (GST) must not be used as an excuse to raise house rents and maintenance bills for residential properties which are exempted from the tax, according to the Royal Malaysian Customs. Senior assistant director of Customs II, Real Property, Construction and Professionals sector, Raizam ... Read More

Three roads in Air Itam, Penang, are being realigned and expanded by a developer carrying out a mixed development project in the area. Air Itam assemblyman Wong Hon Wai said the realignment and expansion of Jalan Pisang Embun, Jalan Pisang Rastali and Jalan Pisang Berangan were part of the requirements ... Read More

Owner of affordable housing under the state government will not be forced to purchase extra parking bays for cars or take up renovation packages by the developers. State Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said affordable housing units come with a parking bay each. “There are ... Read More

With the help from Penang State Government and a property developer, the 107-year old Chinese Primary school, SRJK(C) Shih Chung, has finally found its new home and will be relocated to Bayan Lepas in the next few years. The new school will be located within the development area of One ... Read More

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