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Modest drop in property overhang in Q1 2022

The National Property Information Centre’s (Napic) property market snapshot for the first quarter of this year (Q1 2022) shows residential overhang has dropped marginally to 35,592 units valued at RM22.45 billion. Last year, the volume of residential overhang reached an “all-time high” of 36,863 units valued at RM22.79 billion. As ... Read More

Rent-to-own scheme to help Penangites owning their first home

The State Government intends to expand homeownership in Penang through ‘rent-to-own’ (RTO) which currently only involves Type A and Type B Affordable Housing (RMM). State Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo said, the proposed plan that will be introduced in the near future is to help Penangites to ... Read More

proposed-development-by-puncakcity-development-sb

UPCOMING: Permatang Tinggi / Puncakcity Development Sdn. Bhd.

Newly proposed mixed development by Puncakcity Development Sdn. Bhd. at Permatang Tinggi. Strategically located on approximately 46 acres of land near the intersection of Jalan Permatang Tinggi and Jalan Rozhan, adjacent to Usahajaya Light Industrial Park and Taman Perwira Indah. It's just a mere minute drive to AEON Mall, and ... Read More

SITE PROGRESS: Urban Suites (Jun 2022)

About Urban Suites A commercial property development by Aspen Vintage Sdn. Bhd. (Cosmopolitan Homes) in the established township of Jelutong. It is easily accessible via Tun Dr Lim Chong Eu Expressway and surrounded by abundance of amenities. Urban Suites comprises two 42- storey towers, featuring 596 units of commercial suites. Find out more about Urban Suites Register your ... Read More

Smith+Nephew open its new facility in BKIP

Smith + Nephew, a leading global medical technology company, has officially opened its much-anticipated, high-technology manufacturing facility in Batu Kawan Industrial Park (BKIP) today. The new plant is located at Persiaran Cassia Selatan 8 in BKIP. Smith + Nephew Malaysia site leader and managing director Mark Arthun said the new ... Read More

The oldest abandoned mansion in Penang worth RM30mil

Perched on a hill and facing the Penang channel, Udini House in Jalan Tunku Kudin, Gelugor, has been unoccupied since the 1960s. It is believed to be one of the oldest abandoned houses in Penang, if not the country. The mansion boasts of a colourful past – its foundation stone ... Read More

Rehda to discuss with Penang government on property development challenges

The Real Estate and Housing Developers’ Association Malaysia (Rehda) Penang is hoping to have a meeting with the Penang government, local governments and the relevant authorities soon to mitigate the challenges of the property development industry. Rehda Penang chairman Khoo Teck Chong proposed for the meeting to be held as soon ... Read More

Scientex Sungai Dua

Scientex Sungai Dua – An upcoming 2-storey affordable housing by Scientex (Skudai) Sdn. Bhd. (A subsidary of Scientex Berhad), at Sungai Dua, North Seberang Perai Utara District. Scientex continues to increase affordable homes and robust demand of affordable homes in Penang to make home ownership a reality to all Penangites ... Read More

IHG to revive long-abandoned Mutiara Beach Resort in Teluk Bahang

The plan to resurrect the former five-star Penang Mutiara Beach Resort in Teluk Bahang after it was closed down for the past 16 years signifies international investor’s confidence in the Penang tourism industry, says state Tourism and Creative Committee chairman Yeoh Soon Hin. IHG Hotels & Resorts (IHG), one of ... Read More

SITE PROGRESS: Muze @ PICC (Jun 2022)

About Muze @ PICC The first phase of residential offerings at Penang International Commercial City (PICC) integrated development by Hunza Group. This 43-acre development is strategically located within the vicinity of Bayan Baru township. It comprises two 58-storey towers featuring 846 residential units with 10 levels of car parking podium. Find out more about ... Read More