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Average cost of Malaysian homes hits the RM300,000 mark in 1H15
The median home value in Malaysia has hit the RM300,000 mark in the first half of 2015 (1H15), with Selangor, Penang, Sabah and Sarawak continuing to exceed the average price since 2004. Preliminary data for the second quarter of 2015 showed the Malaysian Housing Price Index registering 220.2 points, which ... Read More
PR1MA mulling over housing project takeovers in Penang
The federal government’s 1Malaysia People’s Housing Scheme (PR1MA) in Penang may see projects by other developers being taken over, Penang Federal Action Council chairman Datuk Seri Zainal Abidin Osman said yesterday. He said PR1MA was looking at projects that had run out of funds, and even completed projects, so as ... Read More
Hunza acquires land in Penang for Affordable Housing
Hunza Properties Bhd is buying 9.7 acres of freehold land in Penang for RM57.02mil to develop affordable houses for qualified buyers. In a filing with the local stock exchange yesterday, Hunza said its wholly-owned unit, Diamaward (M) Sdn Bhd, had signed a sale and purchase deal with property developer WLB ... Read More
SPICE project to wrap up final 20% of construction by end 2016
The RM350mil Subterranean Penang International Convention and Exhibition Centre (SPICE) project in Bayan Baru is 80% done and should be completed by the end of next year. Among the components already up are the SPICE Aquatic Club (RM16mil), SPICE Canopy comprising F&B retail outlets (RM28mil) and the upgrading of the ... Read More
The Retreat & The Reserve
The Retreat & The Reserve, a strata development scheme by Techware Enterprise Sdn. Bhd. at Bukit Tengah. It is strategically located along Jalan Indah, just a mere minutes drive away from Maju Jaya Business Center. This development comprises a mix of 27-storey condominium and 10 units 3-storey terrace houses. Indicative ... Read More
Rising property prices – paper gains mean nothing
By National House Buyers Association In our article last month, we highlighted the report by Khazanah Research Institute on ‘Making Housing Affordable’, which showed that the Malaysian all-house price index grew steadily at a compounded annual growth rate (CAGR) of 3.1% from 2000 to 2009, and suddenly accelerated at a ... Read More
Asia Green to build residences overlooking Penang’s Pulau Jerejak
From its beginnings in plywood production and manufacturing, Penang developer Asia Green Group has become a diversified business entity with a fast-growing property development business. The group will launch its upcoming QuayWest Residence, a mixed-use development project with a gross development value of RM600 million, early next year. Located just ... Read More
New Measures to Ease Affordable Housing Application and Development
In an effort to improve the accessibility while stimulating the affordable housing development in Penang, the state government has introduced several new measures to ease the current market situation. Increase in household income ceiling With the hope that more applicants will be able to obtain bank loans, the household income ... Read More
A retail paradise in the making
With three major shopping malls being planned for Seberang Prai, the mainland will soon rival the island as a shopping paradise. The three malls are The Design Village (net lettable area (NLA) 400,000 sq ft), Ikea and Ikano Power Centre, and unnamed mall project by Belleview Goup (1.5 million sq ... Read More
Taman Rupawan Emas
Taman Rupawan Emas, a residential development by TAA Housing Development Sdn. Bhd. at Kepala Batas. It's about 5 minutes drive to Sunshine Shopping Mall and the upcoming Tesco in Bertam. This development comprises of a mix of 2-storey semi-detached bungalow houses, with indicative price starting from RM584,000 onward. Project Name: Taman ... Read More
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- @I❤LRT As of now, rush hour traffic along main road of Tanjung Tokong is really...rocky on Penang’s high-end property prices surge amid strong demand and infrastructure boost
- @millionaire Talk based on data. Check the Google review of Queens vs AG review. No...Ryu on Penang’s high-end property prices surge amid strong demand and infrastructure boost
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- Based on the Penang Transport Master Plan's proposed Tanjong Tokong LRT Line alignment, there is...I❤LRT on Penang’s high-end property prices surge amid strong demand and infrastructure boost
- @millionaire Is Queens waterfront near by proposed LRT? Where is the impact to this? Is...Ryu on Penang’s high-end property prices surge amid strong demand and infrastructure boost
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- Affordable Housing (Penang Island)
- Butterworth Arena
- Columbia Asia Medical Centre
- Eco-Tourism Hub @ Batu Kawan
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- GBS @ The Waterfront
- GBS by The Sea
- Gurney Wharf
- IKEA Batu Kawan
- Island Medical CIty
- Kobay Jelutong
- Lin Xiang Xiong Art Gallery
- Linear Waterfront
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- One Auto Hub @ Batu Kawan
- Penang Arts District
- Penang Eastern Seafront Development
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- Penang Premium Outlets (Design Village)
- Penang Sentral
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- Penang Transport Master Plan
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- Penang World City
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- Silicon Island
- Teluk Bahang Wellness Resort
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- The Top @ Komtar
- Wellness City of Dreams