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Changing property market of Penang

Until about a year ago, Penang’s south-west district was known as the locality for affordably-priced properties. Since 2008, Ideal Property Group has developed over 4,000 units with a RM3bil gross development value (GDV) there. These include One World, One Residence and Fiera Vista in Bayan Lepas, priced between RM300,000 and ... Read More
Penang aims to cushion property prices

Penang aims to cushion property prices

The state government wants to work with property developers to cushion the impact of skyrocketing property prices and the slowdown in the property market. Penang Deputy Chief Minister I Datuk Mohd Rashid Hasnon said as one of the most economically important states, Penang was experiencing growth that had impacted the ... Read More
Ready for the big day: Workers setting up the scale model of a high-rise project at developer SP Setia’s booth in preparation for Star Property Fair 2015 at Sunway Carnival Mall Convention Centre in Seberang Jaya

The Star Property Fair 2015

Visitors to The Star Property Fair 2015, which opens in Penang today, will find the best residential and commercial properties as well as informative talks and exciting activities, all under one roof. Whether you are looking for a dream home or choice investment option, the event held for the first ... Read More
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The Starhill Garden Condominium

The Starhill Garden, an upcoming condominium development by Aroma Development Sdn. Bhd. in Prai, Penang. It is strategically located along Jalan Baru, only a mere minutes drive from Penang bridge. This development comprises a 25-storey building with 149-unit of residential units. There are only 8 units per floor with unit ... Read More
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Dream homes for young couples

Great news for prospective buyers, especially young couples looking to own their first dream home. The Starhill Garden Condominium, located along Jalan Baru in Prai, Penang, is offering an unbeatable preview price of below RM300 per sq ft for a limited time. The promotion is truly not to be missed ... Read More
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Raintree Park II

Raintree Park II, the second phase of Raintree Park in Pearl City by Tambun Indah. This is another gated and guarded development with full recreational facilities which includes but not limited to swimming pool and resident clubhouse. It is just a short drive away from GEM International School and Pearl ... Read More
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Aston Park East

Aston Park East, a gated and guarded housing scheme in bustling township of Bukit Mertajam. This is the first phase of Aston Park development by Harta Intan Group, located adjacent to Aston Villa, just a short walking distance from from The Summit (BM Plaza). It comprises 45 units of 3-storey terrace ... Read More
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RM53mil state aid to build affordable homes for bumis

The state government, through its Penang Bumiputera Housing Trust Accounts, will allocate RM52.9mil to build 320 low medium-cost (LMC) homes for bumiputra buyers. Chief Minister Lim Guan Eng said the LMC homes were part of the 2,093 units of a public and affordable housing scheme called ‘The Rise’ in Jalan ... Read More
“For landed developments, the option is to either pay increasingly high prices or move further away (from prime locations),” said Real Estate and Housing Developers Association Penang (Rehda) chairman Datuk Jerry Chan.

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
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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