Demand for residential properties in Penang is expected to remain steady during the second half of 2020, especially if the homes are from renowned developers with good quality products. Knight Frank Malaysia executive director Mark Saw says there are pockets of success by some developers reporting bookings and sales for their ... Read More

About 3 Residence Mixed development by IJM Land at Sungai Pinang. It is strategically located along Lebuh Sungai Pinang 1, easily accessible via Tun Dr. Lim Chong Eu Expressway. Offering a mix of residential and commercial components, which comprises a 47-storey skyscraper, hotel and shop offices. Find out more about 3 Residence ... Read More

The National Mortgage Corp’s subsidiary Cagamas SRP Bhd has today launched the Digital Skim Rumah Pertamaku (Digital SRP) platform for Malaysian homebuyers to apply for a loan online and purchase their first home. Cagamas SRP chairman Datuk Bakarudin Ishak said with the digital initiative, the company expects a more than ... Read More

Despite the trying times, the Penang government is confident that the Penang Real Estate and Housing Developers Association (Rehda) will be able to surmount the challenges. Chief Minister Chow Kon Yeow said he believed Penang Rehda, through its experiences, would be resilient to face whatever adversities or hardships. “I think overcoming ... Read More

The widely debated Vacancy Tax on unsold high-end properties will likely not be imposed next year as it is still being reviewed by the Housing and Local Government Ministry (KPKT). Minister Zuraida Kamaruddin said the proposed tax, which has been presented to the Economic Council meeting for discussion, is not an ... Read More

The Monetary Policy Committee (MPC) of Bank Negara Malaysia (BNM) has decided to maintain the Overnight Policy Rate (OPR) at 1.75 per cent, the lowest level since it was implemented in 2004. In a statement, it said the global economy continues to improve, with the easing of containment measures across more economies ... Read More

Penang has spent more than RM256mil on maintenance projects involving public housing, local government housing and eligible private housing schemes since 2008. State housing committee chairman Jagdeep Singh Deo said the amount includes public housing maintenance scheme (RM195mil), state’s Housing Maintenance Maximum 80% Fund (TPM80PP) (RM35mil) and also the maintenance schemes ... Read More

Property developer Paramount Corporation Bhd (PCB) remained bullish on the prospects for the second half of the year despite a rocky first half due to the Covid-19 pandemic and the Movement Control Order (MCO). “In a nutshell, for the first six months of the year, it’s a washout. But the ... Read More

About QuayWest Residence Luxury residential development located next to Penang World City in Bayan Mutiara, Penang. This development comprises 1,235 condominium units in two 24-storey towers. Tower A offers 669 units with built-ups from 1,246 to 3,222 sq ft. Tower B comprises 566 units of various types, 253 units of which ... Read More

With the lifting of CMCO in early June, Google Search Trends report indicated that the search interest for property in Penang has rebounded to the pre-crisis level. Our website has recorded close to 1 million pageviews in the past 90 days (after CMCO), showing an increase of 3% traffic compared ... Read More