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SITE PROGRESS: GEM Residences (June 2021)
About GEM Residences GEM Residences, a commercial development by Belleview Group at Prai, Penang. It is part of the company's 6 hectares mixed development along Jalan Baru, diagonally opposite Megamall Penang. Next to it will be the upcoming largest mall in the northern region - GEM Mall, the tenant mix include ... Read More

Own a low-density condominium near Penang’s Second Bridge at only RM68/day
It is now your opportunity to own a perfect affordable residence at Southbay City in Penang Island. Strategically located within 5 minutes drive from Penang's Second Bridge, M Vista offers 1,000 sq.ft. of space for the comfort of your family at only RM68 per day! For those who love a low-density living lifestyle, ... Read More

Normal for investments to drop after 2-year spike
The recent sharp drop in investments flowing into Penang compared to the years before has been expected as part of a “consolidation” trend, a state investment promotion agency said. InvestPenang said after two years of high investments pouring in, including 2019’s historic RM16.9 billion and 2020’s RM14.1 billion, this year’s ... Read More

Main stumbling block for Malaysians hoping to buy house
The failure to secure loans and difficulty in managing monthly cash flow have proven to be the main stumbling block in many Malaysians’ ability to own property. Factors such as quality, size and location of the property also determine the take-up rate, according to experts. Citing a Bank Negara Malaysia ... Read More

Everything about certified real estate negotiators & agents (Part 2 of 2) – Benefits and commission rate
By Anders Ong Types of Agency Appointment We Can Arrange with Real Estate Agents Exclusive Agents: Appointment of one real estate agency to market and sell the property exclusively. No other agency can solicit from the owner to sell, only can direct co-agency to the appointed agency. Landlord/Vendor can’t sell/rent ... Read More

Penang to get a new international-grade racing circuit soon
Those with a love for automotive velocity may soon get their dose of it because Penang has earmarked a spot for a motorsport racing circuit in Batu Kawan next to the State Stadium complex. Penang youth and sports committee chairman Soon Lip Chee said a 2.8ha plot had been identified to ... Read More

UPCOMING: Bertam / Gandingan Semangat Sdn. Bhd.
A proposed landed residential development by Gandingan Semangat Sdn. Bhd. (a subsidiary of Oriental Max Group) at Bertam. Located on 4.46 acres of land near Jalan Panglima 3, adjacent to Taman Keladi Indah by the same company. This development is only about 4km to Setia Fontaines township by S P Setia, under ... Read More

Penang Home Ownership Campaign extended until June 2022
The Penang government yesterday announced that the Penang Home Ownership Campaign (HOC) will be extended for another year until June 2022. State Housing, Local Government and Town and Country Planning Committee chairman, Jagdeep Singh Deo said the HOC had ended on June 9 this year. "During the HOC, the ceiling price ... Read More

State govt to build its own affordable housing project in Bayan Baru
The Penang state housing board will be building its first affordable housing project in Bayan Baru which is scheduled for completion in 2025. Housing, local government and town and country planning committee chairman Jagdeep Singh Deo said a total 1,267 affordable units will be built at the site in Bukit ... Read More

Why PSR is important to Penang
Without the controversial Penang South Reclamation (PSR) project, the fishing community in the southern tip of the island will remain as they are. Contrary to a recent statement, Chief Minister Chow Kon Yeow said the project would in fact improve the socio-economic situation of the fishermen. Chow reiterated that through ... Read More
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