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RM300k and below form the largest segment of unsold residential units.

Developers are scratching their heads as to why the most affordable units priced RM300,000 and below form the largest segment of total unsold residential units. Real Estate and Housing Developers’...

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George Town wins gold medal in 4th WeGO Awards

George Town, the capital city of Penang, has been awarded the Gold Medal for the fourth edition of Sustainable Cities Organisation Awards (WeGO Awards) under the Mobility category. State Housing,...

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UPCOMING: Bukit Mertajam / Znen Landmark Development

An upcoming mixed development by Znen Landmark Development Sdn. Bhd. at Bandar Perda commercial district in Bukit Mertajam. Located near Jalan Perda Utama roundabout, just a stone’s throw away from...

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The Light City officially broke ground yesterday

The second phase of The Light Waterfront project, The Light City held its groundbreaking ceremony, officiated by the Mr. Ong Teng Cheng, Managing Director of IJM Construction Sdn Bhd, and Dato’ Toh...

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Unreleased bumi lots contribute half of property overhang in Malaysia

The unreleased Bumiputera lots contribute to about 40% to 50% of the country’s overhang numbers, according to Real Estate & Housing Developers’ Association (Rehda) Malaysia president Datuk Soam...

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Neighbourhood park launched in Sungai Pinang

Sungai Pinang residents and those staying around the Karpal Singh Drive have additional joy when the ground-breaking ceremony of a three-acre neighbourhood park was launched at Lebuh Sungai Pinang 7...

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UEM Sunrise’s major shareholder proposes merger with Eco World

UEM Sunrise Bhd, one of the largest property developers in Malaysia, has received a letter from its shareholder proposing a merger with peer Eco World Development Group Bhd, the company said on...

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Federal Court: Management corporation (MC) can stop short-term rentals

For illustration onlyThe Federal Court today ruled that management corporation bodies of residential strata buildings, through their own house rules, can prohibit short-term rental of residential units...

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Penang aims to provide 220,000 units of affordable housing by 2030

The Penang State Government is now setting a new target to provide 220,000 units of affordable housing by 2030. Penang Local Government, Housing Town and Country Planning Committee chairman Jagdeep...

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UPCOMING: George Town / Exsim Macalister Sdn. Bhd.

A newly proposed luxury serviced residence by Exsim Macalister Sdn. Bhd. in the heart of George Town. Strategically located on a 1.1-acre land at the intersection of Macalister Road and Anson Road,...

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SITE PROGRESS: The Stone (Oct 2020)

  About The Stone An affordable housing development by PLB Land in Paya Terubong, Penang. It is located immediately opposite Majestic Heights, only 1km away from the ongoing EcoTerrace scheme by...

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Goodwood Residence

  Goodwood Residence, a mixed development by Definite Harmony Development Sdn. Bhd. (a subsidiary of WHH Land) at Bayan Lepas, Penang. Strategically located along Jalan Tun Dr. Awang, next to The...

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Urban redevelopment – Addressing the problem of old and unsafe buildings in...

The implementation of urban redevelopment or urban regeneration for ‘old’ and high-risk residential buildings is aimed at creating sustainable and habitable development. Penang Local Government,...

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Dua Residensi key handover ceremony

Penang State Government hopes that the affordable housing (RMM) completed by the Penang Development Corporation (PDC) can further improve the quality of life of the people in this state. Chief...

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Penang Retirement Resort near Penang Turf Club to be ready by early next year

Retirees in Penang can look forward to living their golden years in comfort with the completion of the Penang Retirement Resort in Batu Gantong, Ayer Itam, by Penang Turf Club early next year. Touted...

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Project delivery partner working on PTMP financial architecture

SRS Consortium, the project delivery partner (PDP) for the Penang Transport Master Plan (PTMP), is in the process of improving the structure of its financial model in view of the economic...

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Penang yet to decide on undersea tunnel project

Picture for illustration only The Penang state government has yet to make a decision on whether the controversial undersea tunnel project will be built, said state exco Zairil Khir Johari (DAP –...

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Penang to go ahead with Penang Hill cable car project

Picture for illustration only Penang will go ahead with its proposed cable car project to call for a Request for Proposal (RFP), said chief minister Chow Kon Yeow at the state legislative assembly...

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Bukit Kukus paired road is expected to open partially in May 2021

Jagdeep said the paired road project, which connects Paya Terubong and Relau, is expected to be completed and open for public use in May 2021. The Jalan Bukit Kukus landslide, which claimed nine lives...

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Airbnb in residential areas will be given a notice to stop operating

The Penang State Government through the local authority (PBT) will issue a notice to stop homestay or Airbnb activities in residential areas. Local Government, Housing Town and Country Planning...

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