* Article by FREEMEN * My view on the outlook for Penang property market is, moving forward, cautiously optimistic. Why do I say that? Increase in investment in the State Penang’s total approved capital investment from January to May 2014 totalled RM3.13 billion, as compared to RM3.91 for the whole ... Read More

Aston Vista, a 34-storey residential development by Alor Vista Development Sdn. Bhd. in Bukit Mertajam, Penang. This project comprises 284 condo units with built-up area ranging from 1,314 sq.ft - 2,422 sq.ft. Each unit comes with 2 covered car parking lots. A wide range of amenities and facilities including hypermarket, ... Read More

i-Santorini, an affordable housing development by Ideal Property Group in Tanjung Tokong, Penang. The piece of land which was previously planned for a 988-units condominium project is now being re-purposed for affordable housing. The new development plan comprises two parcels: Parcel 1: 2 blocks of 48-storey residential towers (1,320 units) ... Read More

Housebuyers here need to be more cautious not to fall victim to a syndicate which is going around securing payments for units at an affordable housing project developed by the state. Penang Town, Country and Housing Committee chairman Jagdeep Singh Deo said there were claims that the syndicate was promising ... Read More

TF 39, an upcoming commercial development by TF Land in Machang Bubok. It is located along Jalan Machang Bubok, comprises 39 units of 2-storey shop offices with double volume ceiling height and column-free interiors. The typical units has a built-up area of 2,260 sq.ft. Property Name: TF 39 Location : Machang Bubok, Penang ... Read More

Malaysian Resources Corporation Berhad (MRCB) has entered into a share sales agreement with Pelaburan Hartanah Berhad (PHB) to acquire the latter’s 51% equity interest in a joint venture firm. The firm, Penang Sentral Sdn Bhd, was set up to implement the Penang Sentral project. Under the recent agreement, PHB agreed ... Read More

* PROJECT CANCELLED. To be updated with new plan * Iconic Maison 88, a gated and guarded development by Iconic Land in Simpang Ampat, Penang. This development comprises 88 units superlink villa and 10 units of 3 1/2 storey semi-detached shop office. The shop offices are called Iconic Point. Property Project : Iconic ... Read More

SP Setia Bhd plans to build more varieties of affordable houses over the next five years on Penang island that are within the income levels of Penangites. Its general manager Khoo Teck Chong told StarBiz that over the last couple of years, the pricing of properties in Penang, on the ... Read More

Owning a leasehold property should not be a concern for first-time housebuyers if they intend to stay there. Lawyer Chris Tan says chances are high that these buyers will ‘upgrade’ by moving into a bigger house in the next 10 years. He said houseowners could just renew the lease by ... Read More

The state government should look into allowing special privileges for developers involved in affordable projects to pay preferential premium and levies to the state authorities. Raine & Horne Malaysia senior partner Michael Geh said this would further enhance the smooth delivery of affordable housing projects in the state. “There will ... Read More