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Affordable housing a shared responsibility

Decent affordable housing is fundamental to the health and well-being of people, and to the smooth functioning of economies. Yet around the world, in developing and advanced economies alike, cities are struggling to meet that need. In line with the country’s commitment to provide adequate and affordable housing for all ... Read More
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Ayer Itam-LCE Expressway bypass work to begin in October

The first phase of Penang’s RM6.34bil tunnel and roads projects is set to kickstart construction by end-October 2019, amid criticism on the project’s cost and the delay in completing the feasibility study. Consortium Zenith Construction Sdn Bhd, which is the main contractor for the multi-billion-ringgit project, has clarified that a master ... Read More
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UPCOMING: Batu Ferringhi / Seni Bahagia Sdn. Bhd.

Newly proposed landed residential development by Seni Bahagia Sdn. Bhd. within the established township of Batu Ferringhi. It is located along Persiaran Sungai Emas 1, only 10 minutes walk to Ferringhi Beach. Neighbouring upscale housing schemes include Ferringhi Park, Pearl Residences, Ferringhi Residence 1 & 2, The Marin and a few others. This ... Read More
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Iconic Point Preview Roadshow @ Queensbay Mall

Iconic Point Preview Roadshow happening soon this coming Merdeka! Drop by to get first-hand information on the latest commercial hub Iconic Point & Soft Launch Event. Line up of exciting activities for you and family such as Iconic Photogenic Contest and clown appearance! See you soon! For more info please ... Read More
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Undersea tunnel project still on

The proposed Penang undersea tunnel project report submitted for review by the technical consultant is over 90% complete and there’s no plan to stop the project, said Chief Minister Chow Kon Yeow (pic). The 7.2km tunnel project costing RM6.3bil connects Gurney Drive to Bagan Ajam in Seberang Prai and is ... Read More
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Sena Mas

Sena Mas, the very first affordable landed housing in Penang by PTL Properties Sdn. Bhd. It is located within Tasek Gelugor township, easily accessible via Jalan Tasek Gelugor. This development is just stone's throw away from Setia Fontaines mega township development by SP Setia, about 10 minutes drive to North-south Expressway ... Read More
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Penang ferry service upgrade to begin next year, catamarans will be introduced

Transport Minister Anthony Loke today gave a commitment that the systems upgrade for the Penang ferry service, will begin next year. The upgrading project to be undertaken by Prasarana Malaysia Bhd (Prasarana), the owner and operator of transportation services in the country, will include the introduction of catamarans apart from ... Read More
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Soft Launching of Amansara South @ Setia Fontaines

S P Setia, the leading property developer in Malaysia, will once again be making a record-breaking success in the established neighbourhood of Kepala Batas with their mega international township development, Setia Fontaines. Located at Bertam, Setia Fontaines encompasses an impressive prime land of 1,675 acres, with an exclusive 16 residential ... Read More
Affordable homes fund

BNM expands eligibility for RM1b affordable homes fund

Bank Negara Malaysia’s easing of eligibility requirements for its RM1 billion Fund for Affordable Homes should lead to at least a 20% increase in home loan approvals for first-time homebuyers, said Finance Minister Lim Guan Eng. He added that it will help first-time homebuyers see a 20% reduction in their ... Read More
HOC

Govt urged to extend home ownership incentives to secondary market

The Penang branch of the Malaysian Institute of Estate Agents (MIEA) has asked that the government extend the incentives under its Home Ownership Campaign (HOC) to encompass the secondary market. MIEA Penang chairman Christina Choong said house buyers were given stamp duty exemption under the HOC but this only applied ... Read More