Incentives to housing for first-time buyers and free rice were among several measures Putrajaya announced as part of its Budget 2016 revision to help the lower-income groups tackle rising living costs. Prime Minister Datuk Seri Najib Razak stated 11 measures, including the liberalisation of approved permits for agricultural products like ... Read More

Renowned developer SP Setia Bhd is launching two new projects in Penang this year. They are Solok Slim, the developer’s maiden project in Jelutong, and Isle of Palm in Setia Pearl Island, Sungai Ara. Solok Slim consists of two 33-storey condominium blocks with a total of 550 units on a ... Read More

Movement in values in Penang’s secondary residential market remained stagnant this year due to a lack of transactions, says Raine Horne International Zaki + Partners Sdn Bhd senior partner Michael Geh. Presenting The Edge/Raine Horne International Zaki + Partners Penang Residential Property Monitor 3Q2015, Geh says 1-storey terraced houses with ... Read More

An on-going seafront mixed development by Plenitude Bayu Sdn. Bhd. in Tanjung Tokong, Penang. It is strategically located next to Four Points by Sheraton, just a short walk away to Penang Chinese Swimming Club. This 37-storey skyscraper will consists of the following: 29 levels of residential condominium (98 units) 15 ... Read More

A proposed luxury development by PPH Resorts Sdn. Bhd. in Sungai Ara, Penang. It is situated on a hill next to Setia Pearl Island, with panoramic views over Penang International Airport and second bridge. This development comprises 68 units of 3-storey bungalow houses, with four different design layouts. This is still in ... Read More

Penang-based property player Aspen Vision Development Sdn Bhd (Aspen Group) is targeting to have its shares floated — either on the Main Market of Bursa Malaysia or the Catalist board of the Singapore Exchange (SGX) — by the fourth quarter of this year, according to Aspen Group co-founder and chief ... Read More

Eastern & Oriental Bhd (E&0) has been given three additional years to complete the reclamation works for phase 2 of the RM25bil Seri Tanjung Pinang development. The property developer told Bursa Malaysia that its indirect subsidiary Tanjung Pinang Development Sdn Bhd (TPD) and the Penang state government inked on Wednesday ... Read More

Following the success of Eco Meadows gated and guarded scheme by EcoWorld, another commercial development has recently been proposed by Oriental Eagles Sdn. Bhd. along Jalan Paboi. It is located next to the intersection of Bukit Tambun exit, less than 2km away from Eco Meadows. This is a 28-storey commercial development, ... Read More

Only World Group Holdings Bhd (OWG) expects to complete the project to revitalise the 65-storey Komtar tower in Georgetown, Penang, in the second half of this year. The food outlet and water amusement park operator had announced on Monday that it would use RM48mil from the estimated gross proceeds of ... Read More

Penang government today announced the rebranding of low-cost and medium-cost houses to affordable housing types A and B. With the rebranding, low-cost houses costing RM42,000 each will now be known as affordable housing type A and low medium-cost houses priced at RM72,500, as affordable housing type B. State Housing, Town ... Read More