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Penang had the third highest number of residential property overhang in 2021

According to the Property Market Report 2021 by the National Property Information Centre (Napic), residential property overhang increased to an all-time high last year of 36,863 units worth RM22.79 billion, marking a 24.7% increase in volume and 20.5% rise in value compared with 2020. Napic defines “overhang” as residential units ... Read More
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China’s Cainiao eyes Penang for proposed distribution park

China-based Cainiao Smart Logistics Network Ltd plans to set up a distribution park in Batu Maung, Penang to capitalise on the strategic location and global surge in e-commerce. The logistics company, an affiliate of Alibaba Group Holding Ltd, today inked a memorandum of understanding (MoU) with the Penang Development Corporation ... Read More
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Road project at Jalan Bukit Minyak Utama to finish in November next year

The road widening works in Jalan Bukit Minyak Utama from Kota Permai junction to the Jalan Rozhan junction in Bukit Mertajam are expected to be completed by Nov 30, 2023. Machang Bubuk assemblyman Lee Khai Loon said the road widening works started on Jan 28 this year. “We are confident ... Read More
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UPCOMING: George Town / Galaksi Bebas Sdn. Bhd.

A newly proposed luxury residential development by Galaksi Bebas Sdn. Bhd. in George Town. Strategically located within an upscale neighborhood, on 1.6 acres of land at the intersection of Jalan Cantonment and Jalan Biggs. It is just a stone's throw away from St. Christopher's International Primary School, less than 5 minutes ... Read More
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i-Biaya to help increase home ownership among M40, B40

The Malaysian Housing Financing Initiative (i-Biaya) is one of four components of the Home Ownership Programme (HOPE) and among the efforts of the Housing and Local Government Ministry (KPKT) to increase home ownership among the people. KPKT deputy secretary-general (Housing and Community Wellbeing), Datuk Azhar Ahmad said the initiative would ... Read More
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Seberang Perai set to become the next big thing in tourism

Penang's mission of diversifying tourism offerings on the mainland took a major step today after the launch of the ‘Opposite Side of the Island – Seberang Perai campaign’ at Iconic Hotel in Bukit Mertajam. As part of the ‘Experience Penang’ campaign, the highlight of today’s launch was the Seberang Perai tourism ... Read More
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Suria 2

Suria 2, is the second phase of Hijau E-Komuniti master-planned development by PDC at Batu Kawan. Strategically located on 7.48 acres of land along Jalan Cassia Barat 1, adjacent to the first phase (Suria 1) which was completed five years ago. It is just a mere minute's drive to nearby amenities, which include IKEA, ... Read More
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SITE PROGRESS: GEM Residences (Apr 2022)

About GEM Residences GEM Residences, a commercial development by Belleview Group at Prai, Penang. It is part of the company's 6 hectares mixed development along Jalan Baru, diagonally opposite Megamall Penang. Next to it will be the upcoming largest mall in the northern region - GEM Mall, the tenant mix include ... Read More
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Suria 2 affordable housing project at Batu Kawan to begin construction works soon

The Penang government today announced that the Penang Development Corporation’s (PDC) latest affordable housing project in Batu Kawan, called Suria 2, will have its construction works begin in Dec this year. Suria 2, which will cover 7.48 acres of total land size, is part of the 25 phases planned under the ... Read More
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House ownership remains a major concern for Malaysian youths

House ownership remains among the top concerns for youths according to the first edition of the Youth Aspiration Manifesto Survey. The three-part survey carried out by Architects of Diversity (AOD) in collaboration with Undi18 and UndiNegaraku comprised 3,089 respondents aged 18-30 nationwide. AOD co-founder Jason Wee said the findings showed ... Read More