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Penang homeowners get assessment exemptions for 2017
Penang property owners will receive massive savings on their assessment rates for next year, the Pakatan Harapan state government announced today. Chief Minister Lim Guan Eng said low- and medium-cost...
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PR1MA @ Bukit Gelugor
One of the first few PR1MA affordable housing approved in Penang. This development is strategically located along Jalan Bukit Gambier, undertaken by Ideal Capital Venture Sdn. Bhd. It’s only less than...
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Penang Straits Residence
Penang Straits Residence, an ongoing development by Kerjaya Prospek Property Sdn. Bhd. at Tanjung Pinang, Penang. It is strategically located along Jalan Seri Tanjung Pinang, next to Straits Quay...
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Avalon Place
Avalon Place, an upcoming residential development by PLB Homes in Air Itam, Penang. It is located off Solok Zoo 1, just a short drive away from Sunshine Farlim and All Seasons Park. This development...
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Is affordable housing a good investment in Penang?
Affordable housing has been the key growth driver for Penang residential property sector in the past two years. Today there are already 17 projects under construction while at least 26 more are in the...
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Rainbow Skywalk opening tomorrow (18 Dec 2016)
Assumptions that the world is flat and people would fall over the edge if they went to the end of the horizon disappeared over 3,500 years ago because that non-existent edge gets farther as people...
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Christmas Wonderland at Eco Meadows
Eco World Development Group Berhad [EW Berhad or EcoWorld] celebrated the most wonderful time of the year at its EcoWorld Gallery @ Eco Meadows with a special runway collection of bridal gowns in...
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Mpire Residences
Mpire Residences, an upcoming mixed development by Paramount Solaris Sdn. Bhd. (Ideal Property) in Bayan Lepas, Penang. It is located next to The Clovers by Asia Green, about 3km away from Penang...
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Damai Springs
Damai Springs, an upcoming residential development by Airmas Group in Bukit Mertajam. It is located at Jalan Betek, diagonally opposite Residensi Harmoni gated and guarded housing scheme. This...
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Century-old Penang market to get RM5m facelift
The Campbell Street market will undergo a major upgrade next year to give it a new lease of life. The century-old market, located at the junction of Campbell Street and Carnavon Street, has experienced...
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UPCOMING: Butterworth / Venn Group
Another proposed strata development by Venn Signature Sdn. Bhd. in Butterworth. It is strategically located along Jalan Kampung Gajah, just a stone’s throw away from Nautical Bay by OHM Group. This...
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SP Setia acquires land in Penang from Boustead Plantations Bhd (BPB)
SP Setia Bhd is acquiring five parcels of land measuring a total of 677.8ha in Seberang Perai Utara, Penang from Boustead Plantations Bhd (BPB) for RM620.12 million in cash. In a filing with Bursa...
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AFFORDABLE: Bukit Mertajam / Zuwen Bina
Yet another affordable housing proposed at Bukit Mertajam by Zuwen Bina. The newly proposed development is strategically located along Jalan Bukit Minyak, within the vicinity of Kota Permai. This...
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Attractive deals to help buyers
Tambun Indah Land Berhad has made its mark in thriving southern Seberang Prai in Penang with its flagship township of Pearl City. Designed to foster communal living, the 1,140-acre integrated...
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Busloads of visitors turn holidays into a nightmare for the neighbours
The year-end holiday season has turned into an unpleasant time for a family in Batu Maung – their neighbour operates a homestay and receives busloads of visitors at odd hours of the day. Housewife...
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Property outlook to remain subdued as lending stays tight
Property developers are expected to register another year of slow performance in 2017 amid a lack of catalysts for the segment, as cooling measures introduced by the central bank to rein in speculation...
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UPCOMING: Bukit Mertajam / Frasers Global Sdn. Bhd.
A proposed gated and guarded development by Frasers Global Sdn. Bhd. at Alma in Bukit Mertajam. Located next to Taman Alma Jaya, just a mere minutes drive to AEON Mall and Tesco Hypermarket. This...
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Local Plans for Penang Island, Seberang Prai to be finalised by 2017
The Local Plans (LP) for districts on Penang Island and Seberang Prai are expected to be finalised and gazetted by 2017 according to Penang Housing, Town and Country Planning Committee chairman Jagdeep...
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BPO Prime
BPO Prime, an upcoming integrated mixed-development, is a joint venture between Penang Development Corporation (PDC), Temasek and Economic Development Innovation Singapore (EDIS). Strategically...
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Penang Property Outlook 2017
It has been a quiet year for the Penang housing market in 2016. The cooling measures and tighter credit environment have continued to negatively influence the local market. While many are hoping to see...
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