NAPIC
Penang property market shifts to a more selective cycle
The Northern Region property market recorded a moderate performance in 2025, with mixed signals across the four states of Penang, Perak, Kedah and Perlis. According to the Northern Region Property Market Report 2025 by the Valuation and Property Services Department (JPPH), the region registered 104,689 transactions worth RM37.36 billion. While ... Read More
Penang ranked 4th as unsold homes nationwide exceed RM13.9 billion
As of late 2024, Malaysia recorded a total of 23,149 completed residential units worth RM13.94 billion that remain unsold, according to the 2024 National Property Market Report released recently. A significant portion of these units—over 60%—comprise condominiums and apartments, while 13.8% are double-storey terrace houses. In terms of pricing, the ... Read More
Malaysia’s property sector set for moderate growth in 2025 despite global uncertainty
The local property sector is expected to record moderate growth in 2025, with projected sales totalling RM21.5bil, amid heightened uncertainty stemming from potential risks associated with both current and former US presidents, Joe Biden and Donald Trump. Investor concerns over the artificial intelligence diffusion policies introduced under the Biden administration ... Read More
Penang ranks fourth in unsold properties in 1H2024
Penang recorded 2,400 unsold residential units in the first half of 2024 (1H2024), placing it fourth among states with the highest property overhang, according to the National Property Information Centre's (Napic) report. The total value of unsold units in Penang amounted to RM2.02 billion, reflecting the ongoing challenges in the ... Read More
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- @Hoho Go for Quaywest or at least The Zen/Zen6. It's going to appreciate because of...WC_ong on Maldives Residences
- @WC_ong Quaywest/tropicana only provide 1 CP . Cant deny the location is indeed strategic. I...Hoho on Maldives Residences
- @cheapcheap which landed just right beside low cost flat in tanjong tokong? ...sagat on E&O to launch RM700mil waterfront commercial project at Andaman Island
- @Hemsley 1000 units only, I think it will be low cost flats lah. You want...cheapcheap on E&O to launch RM700mil waterfront commercial project at Andaman Island
- @CM Chow The Meg at least RM900psf onwards if not mistaken. Affordable condos normally ~RM500psf,...cheapcheap on E&O to launch RM700mil waterfront commercial project at Andaman Island
- @ken33zero Which will be more gut-wrenching? 1000 units of affordable condos, or 1000 units of...cheapcheap on E&O to launch RM700mil waterfront commercial project at Andaman Island
- @ken33zero Oh come on bro. You should have do the homework before enter buying the...Hemsley on E&O to launch RM700mil waterfront commercial project at Andaman Island
- ken33zero : Affordable homes on Andaman island just to meet the state’s requirements; did...Mind Blown on E&O to launch RM700mil waterfront commercial project at Andaman Island
- Mister Potato : @CM Chow This will definitely be one of the hottest affordable...CM Chow on E&O to launch RM700mil waterfront commercial project at Andaman Island
- Affordable homes on Andaman island just to meet the state’s requirements; did I read that...ken33zero on E&O to launch RM700mil waterfront commercial project at Andaman Island
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Latest Property News
OTHER DEVELOPMENTS
- Affordable Housing (Penang Island)
- Butterworth Arena
- Columbia Asia Medical Centre
- Eco-Tourism Hub @ Batu Kawan
- Escape Penang – Eco Theme Park
- GBS @ The Waterfront
- GBS by The Sea
- Gurney Wharf
- IKEA Batu Kawan
- Island Medical CIty
- Kobay Jelutong
- Lin Xiang Xiong Art Gallery
- Linear Waterfront
- Mitsui Outlet Park @ PIA
- One Auto Hub @ Batu Kawan
- Penang Arts District
- Penang Eastern Seafront Development
- Penang Medical & Digital Technology Hub
- Penang Premium Outlets (Design Village)
- Penang Sentral
- Penang South Islands
- Penang Transport Master Plan
- Penang Waterfront Convention Centre
- Penang World City
- PIA Expansion
- Silicon Island
- Teluk Bahang Wellness Resort
- The Ship Campus (ALC College)
- The Top @ Komtar
- Wellness City of Dreams
