Two years ago, a one-million-ringgit homes hitting the auction market was almost unheard-of, but today auctioneers say it is fast becoming the belle of the ball. So why are so many luxury properties going under the hammer? Many local purchasers who took advantage of the developer interest bearing scheme (DIBS) ... Read More

Last month PenangPropertyTalk.com has recorded a total of 126,000 visits, about 28% month-on-month increase (Feb'15 vs Feb'14), according to the latest Google Analytic web traffic report. Although this does not necessarily translate into a strong property market rebound, it does show that the interest in Penang property continue on the ... Read More

Penang more than doubled its total investments by recording a total RM8.162 billion in investments last year, shored up largely by injections to its electronics and electrical sector as well as biomedical industry. In comparison, Penang recorded a total RM3.912 billion in investments in 2013. Penang Chief Minister Lim Guan ... Read More

The Miller, an upcoming light industrial park by Island Landcap Development Sdn. Bhd. at Bukit Minyak. Strategically located next to Jalan Permatang Tinggi, with easy access to the neighboring industrial area. This is development comprises 28 units of 3-storey semi-detached  and 9 units of detached factories. Property Project : The Miller ... Read More

The 21.44ha Jelutong landfill, which has been in operation for the last 20 years, will be rehabilitated by the state to make the land suitable for mixed integrated development. The Penang government has called for request for proposal for the safe rehabilitation and development of the Jelutong dumpsite and proposal ... Read More

Middleton, strategically located along Changkat Minden Jalan 1 in the established township of Minden Heights, Penang. This is a low density high-rise development by BSG Property, comprises 2 blocks of 26-storey skyscrapers with 220 residential units. Only 5 units per floor with built-up size ranging from 1,400 sq.ft. onwards. Property ... Read More

The introduction of the 6% Goods and Services Tax (GST) in April will be the biggest agenda for the property market this year and will pose a challenge for property developers. "The implementation of GST come April 1 will present a challenge in terms of inflation, but it's just a ... Read More

The Malaysian Institute of Estate Agents (MIEA) wants the Royal Malaysian Customs Department to clarify Goods and Services Tax (GST) requirements and issues within the secondary property market and how it will affect the investment community. "Members have been complaining to us that nobody seems to know very much about ... Read More

The RM27 billion Penang Transport Master Plan will be rolled out in stages beginning 2017, the state government said. Penang traffic management exco Chow Kon Yeow announced today that the state government had received proposals from six bidders to be project delivery partners (PDP) of the master plan. Of the ... Read More

Vervéa, the first phase of Aspen Vision City's development at the heart of Bandar Cassia, Batu Kawan. Located on a 35-acre freehold land, claimed to be the largest gated and guarded commercial precinct developed in Penang. Located in the center of Bandar Cassia, this development comprises 451 units of 3 ... Read More