YTL Land and Development Bhd sold the final units of its low-rise condominium project – Penang Shorefront – at a preview last weekend. YTL Land and Development executive director Datuk Yeoh Seok Kian remarked: "It’s amazing to witness the way the market responded to our Shorefront project, a niche upmarket, ... Read More

Land scarcity or abundant, which one is better? Scarcity of land is one of the most common explanations given by those looking to invest or having invested into a property in Penang Island. Many people seem to have convinced that since the island is running out of development land, prices ... Read More

Property transactions seen declining, prices to remain flattish THE property market has been in a grind this year and according to projections, it’s not about to free up any time soon. According to a report early this year by research house JF Apex Research, property transactions are expected to decline ... Read More

Developers who carry out earthworks without approvals or permits from the Penang Island City Council (MBPP) could face the possibility of having their applications for future development projects frozen for five to 10 years. Local Government Committee chairman Chow Kon Yeow (DAP - Padang Kota) suggested that stringent action be ... Read More

by Ken Lim In Penang, one of the most intense debated topic is the property investment and purchase decision between the properties in island and mainland. The island which is well-known for its “scarcity of land” has always been the top property investment choice for both locals and foreigners, whereas ... Read More

The Oceanus, an upcoming 4-storey mansion by Island Landcap Properties Group at Batu Ferringhi, Penang.  Only 3 units will be built, with an expansive built-up area of 6,736 sq.ft. onward and exclusive assess to the beach. Features include: Master bedroom that encompasses a study cum office, a lung, a vast ... Read More

Penangites flocked to the ‘Mission House-Possible’ roadshow at the Tanjung Bungah market to find out more about the state’s affordable housing projects. Hotel worker Mohd Nazri Zainon, 31, said buying a house from a private developer was out of the question due to financial constraints. “My wife and I have ... Read More

The second phase of Taman Gamelan Ria by New Edition Development Sdn. Bhd. in Sungai Bakap, Penang. It is located off Jalan Gamelan, a mere minutes drive from SRJ(C) Chong Kuang. Other amenities such as convenient stores, banks, eateries and markets are also just a short drive away. The current phase ... Read More

by Charles Tan If you stay in Penang, mainland is considered a secondary choice. Island is the main focus and majority would choose to stay in island over mainland. Well, one major reason would also be due to the employment opportunities in the island. Think of any foreign multinational paying ... Read More

Taman Teratai, a new residential development by Ng Khye Soon Construction Sdn. Bhd. in Sungai Bakap, Penang. It is located immediately opposite of Taman Kuang, only a few minutes drive away from SRJ(C) Chong Kuang. Many other amenities such as convenient stores, banks, eateries and markets are also just a ... Read More