Exco man: Other affordable housing concepts not suitable Penang will not emulate Singapore or Hong Kong in its bid to provide affordable housing to the people, said state Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo. He said: “I do not want to be like Hong Kong or Singapore ... Read More

There are growing calls for Bank Negara to look into easing the stringent lending policy, especially for first-time house buyers in an effort to reduce the rising number of unsold properties in the country. While the broad cooling or macro-prudential measures imposed on the property sector should not be lifted ... Read More

QuaySide @ Clear Water Bay, an on-going waterfront development by Welcome Properties Sdn. Bhd. at Butterworth, Penang. Located on a seafront land by the Andaman Sea with panoramic of Penang Island. This project comprises 3 highrise towers with standard unit size of 1,328 sq.ft. Property Project : QuaySide @ Clear Water ... Read More

Industry players foresee a future increase in property prices as incoming supply falls, making it a good time to buy property. “I reckon supply [of residential] will drop this year, even next year. But I think property prices will start to increase because we will see [a] lack of supply ... Read More

A proposed mixed development by BSG Property in Georgetown in Penang. It is located between the famous tourist belt of Gurney Drive and Kelawai Road, next to Evergreen Laurel Hotel. The proposed development comprises a new 55-storey skyscraper, featuring a mixed of hotel rooms and condominium units: Hotel (223 rooms) ... Read More

Inspired by the leaf considered a symbol of good luck in many cultures around the world, The Clovers in Sungai Ara, Penang, is designed to be a living sanctuary blessed with nature’s wonders. A freehold residential high-rise by Asia Green Property Development, it comprises a trio of 42-storey towers. Its ... Read More

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