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The last 4 units of ‘sea-facing’ bungalows in Gurney Drive sold for over RM20mil

One of Malaysia’s most high-end neighbourhoods, Gurney Drive, has proven it is real estate gold after Hong Kong investors snapped up four bungalows in the area for over RM20mil. The bungalows are the “last stretch” of old properties along Gurney Drive, which has been named in international publications as one ... Read More

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SITE PROGRESS: Green City Residence (July 2022)

About Green City Residence A 29-storey luxury development in the heart of George Town by Green City Garden Development Sdn. Bhd. Located on a half-acre land along Macalister Road, it is only 2km away from KOMTAR and less than 15 minutes drive to Penang Bridge. This project features 52 units ... Read More

Penang listed among Top 10 islands in Southeast Asia 2022

Penang and Langkawi have earned the Top 10 spot in the first ever Asia's Best Awards 2022 - Top 10 islands in Southeast Asia for 2022. The list was published by Travel + Leisure, a resource for trip ideas, hotels, flight sales, city guides, and travel tips. Penang came in ... Read More

Bayan Lepas LRT project has entered pre-qualification stage

The Penang government has initiated the pre-qualification process for the Bayan Lepas Light Rail Transit’s Request for Proposal exercise. Chief Minister Chow Kon Yeow said interested corporations that are shortlisted following the pre-qualification process would be invited to participate in the Request for Proposal (RFP) for the Bayan Lepas LRT scheme ... Read More

KPKT to develop Affordable Housing Price Index

The Housing and Local Government Ministry (KPKT) is developing an Affordable Housing Price Index for each location nationwide as a guide for developers, prospective buyers and local authorities to determine the appropriate price of affordable housing in an area or locality. Its minister, Datuk Seri Reezal Merican Naina Merican said ... Read More

Stamp duty waiver to have minimal impact on overall property market

RHB Investment Bank Research (RHB IB) said the stamp duty waiver announced by the government will have minimal impact on the overall property market. In a note on Monday (July 18), the research house said ongoing market headwinds such as rising inflationary pressure and weakening of the ringgit continue to ... Read More

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SITE PROGRESS: Lucerne Residences (July 2022)

About Lucerne Residences The final phase of residential development by Ideal Property Group at Ideal Vision Park in Bayan Lepas. It is just a short drive to Penang International Airport, 10 minutes walking distance to Straits International School. The project will see two blocks of 36-storey skyscrapers featuring a European living concept. It offers 480 ... Read More

First-time homebuyers to get stamp duty exemption

First-time homebuyers will get a stamp duty exemption on the instrument of transfer and loan agreement under the Keluarga Malaysia Home Ownership Initiative (i-MILIKI), says Datuk Seri Ismail Sabri Yaakob. The Prime Minister said homes valued at RM500,000 and below will get a 100% exemption, while properties over RM500,000 to ... Read More

AFFORDABLE: Bukit Mertajam / MHL Development Sdn. Bhd.

Newly proposed affordable housing development by MHL Development Sdn. Bhd. at Bukit Mertajam. Located off Jalan Indah 5 in Taman Bukit Indah, adjacent to The Retreat Condominium. It is just a mere minute drive to the famous St. Anne Church in Bukit Mertajam and BM Country Club, neighboring with an abundance ... Read More

PropertyGuru Asia Awards Malaysia in partnership with iProperty.com.my launches the 2022 People’s Choice Awards

The 2022 PropertyGuru Asia Awards Malaysia in partnership with iProperty.com.my, the hallmark of excellence in Malaysian real estate, has launched the voting period for the People’s Choice Awards, where consumers can choose their most trusted and preferred real estate developers. Malaysia’s top two leading property portals this year launched the ... Read More