The move to lower the threshold for foreigners to buy condominiums and apartments in urban areas from RM1mil to RM600,000 is only applicable to existing unsold units, says Finance Minister Lim Guan Eng. He said the measure announced in the 2020 Budget, effective from Jan 1 to Dec 31 next ... Read More

Residents at high-rise buildings without strata titles, where there are also offices and retail lots, will now pay service or maintenance charges according to a fixed formula following a landmark court decision. The Court of Appeal held that the Joint Management Body (JMB) committees of high-rise buildings are not allowed ... Read More

The Penang Hill cable car project, which received RM100mil allocation from the Federal Government in yesterday’s budget announcement, will be nothing short of world class. Penang Hill Corporation (PHC) general manager Datuk L.L. Cheok said only the best and latest technologies in the world would be used to ensure safety ... Read More

After a six-year wait, the Penang government has inked the Bandar Baru Air Itam to Tun Dr Lim Chong Eu Expressway bypass road deal. Costing RM851mil, the 5.7km road is the second package of the three paired roads package under the RM6.3bil undersea tunnel project. Work is scheduled to begin ... Read More

Rent-To-Own scheme To assist those who are unable to pay 10% deposit and to secure the access of home purchase financing, the government will be working with financial institutions to introduce a Rent-To-Own (RTO) scheme. Through this scheme, RM10 billion financing will be provided by financial institutions with the government’s ... Read More

The government is anticipated to ink the development agreement for the long-held up controversial Penang tunnel project today morning just before the Budget 2020 tabling, sources said. The RM6.34 billion project will be signed between the Penang state government and the main contractor, Consortium Zenith Construction Sdn Bhd, reported The Star ... Read More

A newly proposed commercial high-rise development by CT Ceria Sdn. Bhd. in the heart of George Town. It is strategically located on a 1-acre land along Jalan Anson, adjacent to Penang's National Registration Department building. The land is currently occupied by a 2-storey heritage building. This development will see the ... Read More

Penang State Housing, Town, Country Planning and Local Government Committee chairman Jagdeep Singh Deo stressed that the provision and supply of affordable housing in Penang should meet the standards and quality of housing. Jagdeep said each of the State Government housing projects built either low cost (LC), low medium cost ... Read More

Keladi Indah, a landed residential development by Gandingan Semangat Sdn. Bhd. at Bertam in Northern Seberang Perai. Located along Jalan Panglima 3, this development is just a stone's throw away from Taman Bertam Perdana. It is surrounded by vital amenities, less 30 minutes drive to Penang Bridge via North-South Expressway during off-peak ... Read More

The developer, who was awarded the tender to develop the affordable housing project in SP Chelliah, has been ordered to rectify the defects as soon as possible. State Local Government, Housing, Town and Planning Committee chairman Jagdeep Singh Deo said he took the matter seriously. “It is a state project ... Read More