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Amendments to Housing Development Act to be tabled in Q3 2022
The proposed amendments to the Housing Development (Control and Licensing) Act 1966 (Act 118) is expected to be tabled in Parliament in the third quarter of 2022, in an effort to address issues...
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UPCOMING: Bukit Mertajam / Sunway Bintang Sdn. Bhd.
Proposed residential development by Sunway Bintang Sdn. Bhd. at Bukit Mertajam. Located off Persiaran Sunway Wellesley, next to Sunway Wellesley gated and guarded housing scheme. It is just a mere...
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Ascott opens Sky Residence Prai in Penang
Sky Residence Prai, The Ascott Limited’s (Ascott) first serviced apartment in Penang, has opened. Ascott is a wholly-owned subsidiary of CapitaLand Investment. Sky Residence Prai is its ninth...
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SITE PROGRESS: Muze @ PICC (Nov 2021)
About Muze @ PICC The first phase of residential offerings at Penang International Commercial City (PICC) integrated development by Hunza Group. This 43-acre development is strategically located...
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Housing Ministry sets up committee to monitor affordable housing implementation
The Ministry of Housing and Local Government (KPKT) has established a committee to coordinate the implementation of 500,000 units of affordable housing for the duration of the 12th Malaysia Plan...
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The upgraded Permatang Rawa Mini Stadium is now open
The Penang Stadium and Open Spaces Corporation (PSDKLPP) is now a custodian for the newly upgraded Permatang Rawa mini stadium in Bukit Mertajam. The Penang government, in a novation agreement signed...
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AFFORDABLE: Bayan Lepas / M Summit Premium Sdn. Bhd.
A recently proposed affordable housing development by M Summit Premium Sdn. Bhd. in Bayan Lepas. Located along Jalan Permatang Damar Laut, right opposite SMK Bayan Lepas. This development is only...
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Plans afoot to make George Town a more sustainable and resilient heritage city
The Penang Tourism and Creative Economy (PETACE) has planned to develop George Town World Heritage Site as a resilient heritage city and lift the state’s economy to greater heights in line with the...
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SITE PROGRESS: Marriott Residences (Nov 2021)
About Marriott Residences A 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....
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Grains Residences
Grains Residences, a serviced residence development by Znen Landmark Development Sdn. Bhd. at Bandar Perda commercial district in Bukit Mertajam. Located near Jalan Perda Utama roundabout, just a...
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Workers’ housing is a new emerging asset class
The Covid-19 pandemic, which began in the first quarter of last year, has thrust purpose-built workers’ accommodation (PBWA) into the spotlight, establishing it as a new emerging asset class....
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RM19.75 billion worth of unsold houses in Malaysia
A total 30,290 units of completed houses with a value of RM19.75 billion were reported unsold in the third quarter of this year. Deputy Housing and Local Government Minister Datuk Seri Ismail Abdul...
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Three-quarters of residents happy with liveability, green efforts and freedom...
Penang Institute today unveiled the results of its Happiness in Penang (HIP) Index and found that 76.5% of the 3,011 residents surveyed identified as happy. The survey, which was conducted during...
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UPCOMING: Bayan Lepas / Rackson Composite Sdn. Bhd.
A proposed mixed development by Rackson Composite Sdn. Bhd. at Bayan Lepas. Strategically located on 2.16 acres of land along Jalan Sultan Azlan Shah, opposite Penang International Airport (PIA). It...
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SITE PROGRESS: Metropol (Nov 2021)
About Metropol A mixed development by Ramana Property at Bandar Perda in Bukit Mertajam. It is located near Jalan Perda Utama roundabout, featuring less than 10 minutes drive from Penang bridge....
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Cancelling or postponing reclamation project will have huge impact on...
Penang will not face heavy financial implications if the implementation of the Penang South Reclamation (PSR) project in the southern tip of the island is cancelled or postponed. State Infrastructure...
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8th PropertyGuru Asia Property Awards (Malaysia) laurel developers, projects...
Recipients of the 8th PropertyGuru Asia Property Awards (Malaysia), presented by Kohler, were announced today in an innovative virtual gala presentation broadcast on AsiaPropertyAwards.com and...
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New paired road to open partially soon
The RM545mil Bukit Kukus paired road in Penang will be partially open to traffic next month. Penang infrastructure and transport committee chairman Zairil Khir Johari said the 3.3km stretch from Lebuh...
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Residential property market performance over 20 years
By Zerin Properties Corporate Valuers We analysed the growth of average house prices over 20 years for eight states in Malaysia. The average house price data was collected from the year 2000 until the...
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RM3.66 billion worth of unsold houses in Penang
A total 4,683 units of completed houses with a value of RM3.66 billion were reported unsold in Penang to-date. The number puts Penang at the second highest state with unsold houses after Johor at...
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