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BNM: Housing market activity improves heading into 2022
Some improvements in housing market activity are visible heading into 2022, although the number of unsold houses remained high at 180,702 units in the third quarter (Q3) of 2021. Disruptions caused by...
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Eco-Tourism Hub @ Batu Kawan
A proposed eco-tourism hub by Penang Development Corporation at Batu Kawan. It will be located on 46.77 hectares of land in the northern part of Bandar Cassia – The largest integrated township in...
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Penang tunnel must be at least 23m under seabed
If there is to be a tunnel under the sea between the Penang island and the mainland, it needs to be at least 23m beneath the seabed – almost equal to the height of a seven-storey building. This is...
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MIEA: Property market to recover in 2022 with renewed consumer confidence
A strong recovery in 2021 from 2020 has signalled a return of consumer confidence and an improved property market this year, said the Malaysian Institute of Estate Agents (MIEA). In a statement today,...
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Residential overhang due to poor project planning and research by property...
Is the country’s residential overhang the result of inadequate project planning and research by property developers? “Some properties are just not cleverly developed,” said Chan Ai Cheng, president of...
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Sanctuary Suria
Sanctuary Suria, the 6th phase of residential development at Permatang Sanctuary by IJM in Alma, Bukit Mertajam. Located along Lorong Santuari 25 & 27, adjacent to Sanctuary Court. It is only a...
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Penang to continue with the TPM80PP maintenance scheme for public and private...
Penang government has spent a total of RM297.57 million involving 32,582 maintenance works at both the public and private housing schemes from 2008 until April 1 this year. State Local Government,...
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UPCOMING: Bukit Mertajam / Znen Town Development Sdn. Bhd.
Following the introduction of Grains Residences, Znen Group is now proposing yet another serviced residence within the vicinity of Bandar Perda. The newly proposed development is located along Jalan...
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House ownership remains a major concern for Malaysian youths
House ownership remains among the top concerns for youths according to the first edition of the Youth Aspiration Manifesto Survey. The three-part survey carried out by Architects of Diversity (AOD) in...
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Suria 2 affordable housing project at Batu Kawan to begin construction works...
The Penang government today announced that the Penang Development Corporation’s (PDC) latest affordable housing project in Batu Kawan, called Suria 2, will have its construction works begin in Dec...
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SITE PROGRESS: GEM Residences (Apr 2022)
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...
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Suria 2
Suria 2, is the second phase of Hijau E-Komuniti master-planned development by PDC at Batu Kawan. Strategically located on 7.48 acres of land along Jalan Cassia Barat 1, adjacent to the first phase...
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Seberang Perai set to become the next big thing in tourism
Penang’s mission of diversifying tourism offerings on the mainland took a major step today after the launch of the ‘Opposite Side of the Island – Seberang Perai campaign’ at Iconic Hotel in Bukit...
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UPCOMING: George Town / Galaksi Bebas Sdn. Bhd.
A newly proposed luxury residential development by Galaksi Bebas Sdn. Bhd. in George Town. Strategically located within an upscale neighborhood, on 1.6 acres of land at the intersection of Jalan...
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Road project at Jalan Bukit Minyak Utama to finish in November next year
The road widening works in Jalan Bukit Minyak Utama from Kota Permai junction to the Jalan Rozhan junction in Bukit Mertajam are expected to be completed by Nov 30, 2023. Machang Bubuk assemblyman Lee...
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China’s Cainiao eyes Penang for proposed distribution park
China-based Cainiao Smart Logistics Network Ltd plans to set up a distribution park in Batu Maung, Penang to capitalise on the strategic location and global surge in e-commerce. The logistics company,...
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Penang had the third highest number of residential property overhang in 2021
According to the Property Market Report 2021 by the National Property Information Centre (Napic), residential property overhang increased to an all-time high last year of 36,863 units worth RM22.79...
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i-Biaya to help increase home ownership among M40 and B40
The government will assist low-income families to have their own homes through the Malaysia Housing Financing Initiative (i-Biaya) which was launched two days ago. Finance Minister Tengku Datuk Seri...
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Bayu Residence
Bayu Residence, a freehold strata residential development by Freehold Profile Sdn. Bhd. in the heart of Butterworth. Strategically located along Jalan Ong Yi How, right opposite SMK Bagan Jaya. It is...
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Butterworth Arena
The construction of the largest banquet hall in Seberang Perai or known as Butterworth Arena is expected to be completed in September this year! Located in Ampang Jajar, Butterworth Arena is a...
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