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Penang property seen slowing down due to high prices
Escalating prices of landed residential properties in Penang could see transactions slowing down in 2015. According to Real Estate and Housing Developers Association Penang (Rehda) chairman Datuk Jerry Chan, prices of landed residential properties have been rising over the past few years. “We don’t see highly motivated sellers yet. Land ... Read More
Penang to have 2,000 more affordable homes by 2019
George Town will have an additional 2,093 units of apartments priced up to RM400,000 in four years now that work to build "The Rise", Penang’s affordable housing scheme on Jalan SP Chelliah, has started. Chief Minister Lim Guan Eng said the project, with a gross development value of RM600 million, ... Read More
Less speculation leads to drop in house prices
House prices have dropped after measures were put in place to check rising property prices due to speculation, says Datuk Chua Tee Yong. The Deputy Finance Minister said data from the National Property Information Centre (NAPIC) showed that there was a drop in house prices with the market slowing down ... Read More
Property Sector Expected To Be Flat This Year
The property sector is expected to be flat this year, bogged down by buyers' 'wait-and-see' attitude towards the implementation of the Goods and Services Tax against a backdrop of a weakening ringgit. President of Malaysia Institute of Estate Agents, Siva Shanker, said this showed that the cooling measures imposed by ... Read More
Condo project boasts of an award-winning design with fabulous facilities
IF you are looking for a comfortable luxury residential condominium in the heart of George Town, Mah Sing’s the Icon Residence fits the bill. Situated just 1km away from Komtar, the project features 294 units with breathtaking views of the heritage city and the sea. The Icon Residence also boasts ... Read More
UPCOMING: Jalan Kebun Sireh / Airmas Group
A proposed gated and guarded development by Airmas Group in Bukit Tengah, Penang. It is located next to Jalan Kebun Sireh, just a stone's throw away from Taman Tanah Aman. The proposed development consists of the following: 19-storey condominium (117 units) 2-storey terrace houses (19 units) 2-storey bungalows (2 units) ... Read More
Affordable Housing: On-site Registration (6-8 March)
If you are interested and qualified to purchase an affordable housing at Tanjung Tokong and Bayan Lepas area, Penang State Government will be conducting on-site registration exercise for the following projects in the coming weekend: Tri-Pinnacle Project Location : Tanjung Tokong, DTL On-site Registration Date : 7 & 8 March ... Read More
E&O to award STP2 reclamation job by July
Eastern & Oriental Bhd (E&O), a lifestyle property developer, will award a tender for the RM25 billion Phase Two of the Seri Tanjung Pinang (STP2) reclamation project by July. Seven contractors have been shortlisted for the proposed reclamation project. E&O deputy managing director Eric Chan Kok Leong said the group ... Read More
More high-end properties up for auction
Two years ago, a one-million-ringgit homes hitting the auction market was almost unheard-of, but today auctioneers say it is fast becoming the belle of the ball. So why are so many luxury properties going under the hammer? Many local purchasers who took advantage of the developer interest bearing scheme (DIBS) ... Read More
10 Most Popular Projects in February 2015
Last month PenangPropertyTalk.com has recorded a total of 126,000 visits, about 28% month-on-month increase (Feb'15 vs Feb'14), according to the latest Google Analytic web traffic report. Although this does not necessarily translate into a strong property market rebound, it does show that the interest in Penang property continue on the ... Read More
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RECENT COMMENTS
- @Puzzled I believe 80% of that 30% are units reserved for BoonSiew. They have this...walter on Lumina Residence
- @Puzzled I'm dilemma of Lumina or Queens residence Q3. I have 1M budget here but...JC on Lumina Residence
- Correct. Ang Mos/expats holding senior position prefer locations that offer a well blend of greenery,...Puzzled on Lumina Residence
- @Ora small issue. the condo market value is approaching 900k now ...chookimhock on The Cube
- @Ora 500k? Daily rob!! Seaview condo!! ...Ryu on The Cube
- @damien I would be more worry if my apartment/house is on or next to hill...Oh nice on SITE PROGRESS: Mezzo @ The Light City (Oct 2024)
- @Ryu Ya, agree with you that normally seafront coastline properties will get hit in a...damien on SITE PROGRESS: Mezzo @ The Light City (Oct 2024)
- @KC I heard my friends said he bought the zen paying 500+k and the unit...Ora on The Cube
- @damien Why worry? I have many house. Later repair. No problem. Seafront coastline is normal...Ryu on SITE PROGRESS: Mezzo @ The Light City (Oct 2024)
- @Oh nice Haha, not worried, just saying. According to disaster dept analysis, during the recent...damien on SITE PROGRESS: Mezzo @ The Light City (Oct 2024)
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OTHER DEVELOPMENTS
- Affordable Housing (Penang Island)
- Butterworth Arena
- Columbia Asia Medical Centre
- Eco-Tourism Hub @ Batu Kawan
- Escape Penang – Eco Theme Park
- GBS @ The Waterfront
- GBS by The Sea
- Gurney Wharf
- IKEA Batu Kawan
- Island Medical CIty
- Kobay Jelutong
- Lin Xiang Xiong Art Gallery
- Linear Waterfront
- Mitsui Outlet Park @ PIA
- One Auto Hub @ Batu Kawan
- Penang Arts District
- Penang Eastern Seafront Development
- Penang Medical & Digital Technology Hub
- Penang Premium Outlets (Design Village)
- Penang Sentral
- Penang South Islands
- Penang Transport Master Plan
- Penang Waterfront Convention Centre
- Penang World City
- PIA Expansion
- Silicon Island
- Teluk Bahang Wellness Resort
- The Ship Campus (ALC College)
- The Top @ Komtar
- Wellness City of Dreams