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penang-average

Penang property market getting bigger and exciting

by Charles Tan I think Penang property market is starting to get more advanced. There was a time when developments were just a few hundred million in terms of gross development value (GDV). Then the bigger players arrived and bought huge pieces of lands. There are now more integrated developments ... Read More
the-stone

The Stone

The Stone, an affordable housing development by PLB Land in Paya Terubong, Penang. It is located immediately opposite Majestic Heights, only 1km away from the ongoing EcoTerrace scheme by EcoWorld. This development is easily accessible via Jalan Paya Terubong, consists of the following components: Block A: 19-storey building (188 units) ... Read More
Suraya: ‘Housing affordability is a function of both house prices and income. It is a dynamic concept.’

Making housing more affordable

Khazanah Research Institute calls for a national housing survey. Heard over radio. House prices expected to increase due to a weaker ringgit. Reinstate developers interest bearing schemes. Relax rules for foreign buyers. In the last 18 months, developers have been bemoaning their fate. It came to a crescendo this year ... Read More
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Marvel City

Marvel City, a future mixed development by JMR Conglomeration Bhd. in Juru, Penang. It is strategically located next to Park View Residences, just a stone's throws away from Juru Auto-City. The 50 acres quarry land in Juru will be converted into a mixed of residential and commercial properties, with an ... Read More
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The Clovers – Affordable & Luxury

Rare and precious like the four-leaf clover revered as a symbol of good luck by many cultures around the world, its iconic architecture and layout is designed to bring residents all the privileges of wholesome living. Located in Sungai Ara, The Clovers auspiciously signifies living in a sanctuary blessed with ... Read More
one-auto-hub

One Auto Hub @ Batu Kawan

One Auto Hub is a 2,000,000 sq.ft. commercial development by PKT Logistic Group in Batu Kawan, Penang. If you are coming from Penang Island via Second Bridge, the development is located on the right side of the highway as you are approaching Batu Kawan toll plaza. This development comprises a few ... Read More
upcoming-oriental-max

UPCOMING: Bukit Tengah / Oriental Max Group

Upcoming commercial development by Oriental Max Group in Bukit Tengah, Penang. It is strategically located next the group's gated and guarded project, Central Way 2. Highly visible from the North-South Expressway. This development comprises: 25-storey service apartment (391 units) 6-storey motel (48 units) 2-storey shop offices (26 units) Detached commercial unit with mezzanine floor ... Read More
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Malaysia’s home prices ‘seriously unaffordable’, says Khazanah Research

Malaysia's average house prices are more than four times the median income of its population, making them "seriously unaffordable", research by Khazanah Research Institute (KRI) has revealed. Kuala Lumpur has especially been branded as "severely unaffordable" with house prices 5.4 times higher than the median income in the capital city ... Read More
design-village

Penang Premium Outlets (Design Village)

Design Village, a world class shopping experience in a natural tropical park. Costing about RM300 million, the premium outlet will have net lettable area of 400,000 sq ft and contain 150 stores. The tenants will be a mix of luxury and premium brands. There will also be F&B outlets. So far, the tenants ... Read More
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RMAF’s Butterworth base relocation scrapped?

Malaysia’s airmen may not be getting a new base in Butterworth, Penang, after all — news that will likely bring relief to residents and business operators opposed to the plan from the start. According to a source familiar with the plan, the redevelopment of the new air force base for ... Read More