As the effects of COVID-19 pandemic are felt around the world, property is undoubtedly one of the most impacted industries in Penang. Although CMCO is now lifted, the ongoing corresponding containment measures are expected to worsen the already slow and cautious property market here. Looking back at the first quarter ... Read More

The list of hotel closures in Penang continues to increase with the latest casualty being the iconic Holiday Inn Resort. Hong Kong-based Harilela Group - via Asia Garden Sdn Bhd - announced that it will close the property which it had been operating for over four decades in Batu Ferringhi ... Read More

A proposed affordable landed housing development at Guar Perahu in Kubang Semang. Located on a 41.85-acres land along Jalan Guar Perahu 1, next to Taman Guar Perahu and SMK Guar Perahu. It is only about 5km from Butterworth-Kulim Expressway via Kubang Semang Interchange, less than 10 minutes drive to the ... Read More

Penang has reduced its minimum price threshold for foreign property ownership by up to 40% to clear RM2.6bil worth of overhang units in the state. Penang local government, housing, town and country planning committee chairman Jagdeep Singh Deo said the revised pricing was valid for one year starting yesterday. “For ... Read More

Penang government has announced a 10 percent discount for all types of affordable housing in the state for a period of one year starting from today. State Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the discount package is part of the Housing Ownership Campaign ... Read More

About Imperial Grande A mixed development by Modular Platinum Sdn. Bhd. (Ideal Property Group) in Sungai Ara, Penang. It is located along Jalan Fettes, surrounded by Iconic Skies, Gardens Ville and Imperial Residence. This development will offer a mix of landed and high-rise properties, with 2 level of shop offices ... Read More

Incentives introduced under the fourth Covid-19 stimulus package, dubbed Penjana, will help boost investor sentiment towards the property sector. Nevertheless, analysts in general remain largely neutral on the sector, citing subdued prospects due to the challenging economic outlook. For instance, CGS-CIMB Research said it expected the property sector to trade ... Read More

The number and value of residential property transactions in Penang are projected to decline between 50% and 60% in the second quarter of 2020 from the preceding first quarter. “We project a 50%-60% drop from the first quarter because the property market went into a silent mode after the movement ... Read More

About The Zen A mixed development by Asia Green at Bayan Mutiara. It is located next to Tun Dr. Lim Chong Eu Expressway, just a short drive away from the ongoing Penang World City township development by Tropicana Ivory. This development comprises a 46-storey skyscraper with two residential towers, and shop ... Read More

A newly proposed residential development by Welcome Development Sdn. Bhd. at Bukit Mertajam. Strategically located at the intersection of Jalan Song Ban Kheng and Jalan Kota Permai, diagonally opposite Spectrum Residence by Zuwen Bina. It is only a 5 minutes walk to SJKC Beng Teik Chinese primary school, surrounded by ... Read More