Penang is mulling to compel low-cost (LC) and low medium-cost (LMC) unit owners to sell their properties back to the state if they were moving to higher-end properties. State Housing, Town, Country Planning and Local Government Committee chairman Jagdeep Singh Deo said the move would help to reduce the burden ... Read More

A proposed residential development by Suria Permas Sdn. Bhd. at Bayan Lepas. Located on a small plot of land measuring approximately 1.3-acre along Jalan Tun Dr. Awang, just a stone's throw away from Ideal Vision Park development scheme. Neighboring communities include South Homes, The Clovers, Tree Sparina, and the upcoming ... Read More

Sanbumi Holdings Bhd has, via its wholly-owned subsidiary Sanbumi Sawmill Sdn Bhd, entered into a joint venture agreement with Iconic Development Sdn Bhd to construct and develop a RM127 million commercial development project called Iconic Point, located in Simpang Ampat, Seberang Perai Selatan. The project will be developed on a ... Read More

A big data system is needed to solve property overhang issue in Malaysia, Housing and Local Government Minister Zuraida Kamaruddin said, adding that such a system will be a 'game changer' for the local property industry. She said the lack of a big data system has hindered the government in ... Read More

Newly-appointed Penang Port Commission (PPC) chairman Jeffrey Chew Gim Eam has in his maiden media conference called for a request for proposal (RFP) for the sunken Tanjung City Marina site adjacent to Swettenham Pier Cruise Terminal. The Tanjung City Marina is an abandoned marina off Weld Quay located within the ... Read More

Join Jayamas Property for an exclusive preview of MARC Residences & Service Apartment on 6 & 7 April (10AM - 5PM) and be the first to experience the luxury condo at Jalan Song Ban Keng. The event will also feature kids corner and wine service. Light refreshment will be served. Venue:  11, ... Read More

Iconic Point, a joint venture commercial development between Sanbumi Holdings Bhd and Iconic Development Sdn. Bhd. at Simpang Ampat. Strategically located along Ipoh-Butterworth federal road, just a stone's throw away from Pearl City township development by Tambun Indah. It's about 25 minutes drive to both Penang bridges. Intended to replicate ... Read More

Growth of the property market in Penang is expected to remain flat this year in view of the unpredictable economic outlook and the market’s wait-and-see attitude, according to an international real estate consulting firm. Henry Butcher Malaysia (Seberang Perai) Sdn Bhd associate director Fook Tone Huat said the United States ... Read More

Beldon is the second precinct of the 300-acre Eco Horizon township development in Batu Kawan, surrounded by man-made lakes, cycling tracks and a luxurious clubhouse. It is strategically located stone's throw away from IKEA,  off the primary interchange linking the Second Penang Bridge to the North-South Highway. The township’s second collection will ... Read More

Bank Negara Malaysia (BNM) has given banking institutions until end-2019 to revise “unfair” terms and conditions, and improve clarity by using plain language for both new and existing housing loan and financing contracts. In addition, the central bank in its Financial Stability and Payment Systems Report 2018, revealed that the ... Read More