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KPKT to develop Affordable Housing Price Index

The Housing and Local Government Ministry (KPKT) is developing an Affordable Housing Price Index for each location nationwide as a guide for developers, prospective buyers and local authorities to determine the appropriate price of affordable housing in an area or locality. Its minister, Datuk Seri Reezal Merican Naina Merican said ... Read More
Penang bridge view

Stamp duty waiver to have minimal impact on overall property market

RHB Investment Bank Research (RHB IB) said the stamp duty waiver announced by the government will have minimal impact on the overall property market. In a note on Monday (July 18), the research house said ongoing market headwinds such as rising inflationary pressure and weakening of the ringgit continue to ... Read More
lucerne-residences-site-progress-july2022

SITE PROGRESS: Lucerne Residences (July 2022)

About Lucerne Residences The final phase of residential development by Ideal Property Group at Ideal Vision Park in Bayan Lepas. It is just a short drive to Penang International Airport, 10 minutes walking distance to Straits International School. The project will see two blocks of 36-storey skyscrapers featuring a European living concept. It offers 480 ... Read More
spice-relau-view

First-time homebuyers to get stamp duty exemption

First-time homebuyers will get a stamp duty exemption on the instrument of transfer and loan agreement under the Keluarga Malaysia Home Ownership Initiative (i-MILIKI), says Datuk Seri Ismail Sabri Yaakob. The Prime Minister said homes valued at RM500,000 and below will get a 100% exemption, while properties over RM500,000 to ... Read More
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AFFORDABLE: Bukit Mertajam / MHL Development Sdn. Bhd.

Newly proposed affordable housing development by MHL Development Sdn. Bhd. at Bukit Mertajam. Located off Jalan Indah 5 in Taman Bukit Indah, adjacent to The Retreat Condominium. It is just a mere minute drive to the famous St. Anne Church in Bukit Mertajam and BM Country Club, neighboring with an abundance ... Read More
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PropertyGuru Asia Awards Malaysia in partnership with iProperty.com.my launches the 2022 People’s Choice Awards

The 2022 PropertyGuru Asia Awards Malaysia in partnership with iProperty.com.my, the hallmark of excellence in Malaysian real estate, has launched the voting period for the People’s Choice Awards, where consumers can choose their most trusted and preferred real estate developers. Malaysia’s top two leading property portals this year launched the ... Read More
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Rehda Penang ready to partner with state govt

Following a tradition, the new committee of the Real Estate and Housing Developers’ Association Malaysia (Rehda) Penang paid a courtesy call on Chief Minister Chow Kon Yeow in Komtar yesterday. The Rehda Penang delegation, led by its chairman Khoo Teck Chong, comprised immediate past chairman Tan Hun Beng, recent past chairman ... Read More
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Nibong Tebal Arena to be completed Q1 next year

The construction work on the most-awaited and biggest sports centre in the south Seberang Perai (SPS) district, known as Nibong Tebal Arena, is expected to be completed by the first quarter of next year. Chief Minister Chow Kon Yeow said the work on the project started in August last year. “As ... Read More
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Panchor Sanctuary Garden

Panchor Sanctuary Garden, a gated and guarded residential development by Oriental Link Properties Sdn. Bhd. at Nibong Tebal. Located adjacent to Taman Residensi Punchor, just a mere minutes drive from Nibong Tebal town centre. Nearby amenities include but not limited to Bukit Panchor Health Clinic, Vocational College Nibong Tebal, SMK ... Read More
sunshine-residence-site-progress-july2022

SITE PROGRESS: Sunshine Central (July 2022)

About Sunshine Central A re-development of the old Sunshine Farlim site into a new commercial complex with business hotel and serviced residence. The entire project will be over 3.7mil sq ft of gross area, spread over three blocks of 38-storey buildings, comprises 270 units of serviced apartments, 144 units of small ... Read More