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Penang’s RM27bil impact, property companies to benefit from masterplan
Major construction and property players with projects in Penang are set to be major beneficiaries of the state government’s RM27bil transport masterplan. The Penang Transport Master Plan (PTMP) is set to improve accessibility and spur further gains in its vibrant property market, said AmResearch in a report yesterday, adding that ... Read More
Penang property developers cautious
Penang property developers will adopt a “wait-and-see” approach in rolling out new property projects next year in view of various factors, including rising power costs, fuel subsidy cuts and house buyers’ cautious stance. The Real Estate and Housing Developers Association (Rehda) has expressed concern over bureaucratic red tape involved in ... Read More
Senjayu @ Jawi
Senjayu @ Jawi, an upcoming 70-acre mixed development by IJM Land in Jawi, mainland Penang. Strategically located next to the entry point of the Jawi toll, about 12 minutes drive to the south of Penang Second Bridge. The residential component of this development consists of: Phase 1: Senjayu Terrace - 2-storey ... Read More
The Tamarind
The Tamarind, a freehold executive apartments by E&O Property at Seri Tanjung Pinang, Penang. Located along Jalan Seri Tanjung Pinang 1, within walking distance to Straits Quay and Tesco. It is also well connected by strategic access roads to many amenities including schools, medical centres and shopping malls. This development ... Read More
Penang developers plan RM4.7bil worth of affordable houses
The Penang property scene, which has seen prices soaring to new levels in the last two years, will see new affordable properties with a gross development value (GDV) of RM4.7bil entering the market in prime locations over the next three years. Besides the pricing, which ranges between RM300,000 and RM650,000 ... Read More
Electronics Sector Vibrant – Property Sector Supported
by Charles Tan In Penang, the electronics sector is a very important sector for property market. The reason I say so is because more often than not a lot of these manufacturing companies would hire engineers as well as other functions to support operations and these are the potential buyers ... Read More
Setia Sky Hill
Setia Sky Hill, strategically located within the established township of Sungai Nibong, Penang. This development comprises 2 blocks of residential towers with 341 condo units. Featuring a tension swimming pool which morphs into a 4-storey high waterfall as an entrance statement into the development. The facade is varied from floor to ... Read More
New rates from Jan 1
Penangites will have to pay more in assessment next year. State Local Government, Traffic Management and Flood Mitigation Committee chairman Chow Kon Yeow said the Penang Municipal Council (MPPP) and Seberang Prai Municipal Council (MPSP) would impose an increase of between 0.5% and 4.45% based on the type of properties ... Read More
Already MOST unaffordable but prices will continue rising?
by Charles Tan Which is the most unaffordable property market in the world today? Hong Kong. Who said so? US-based Demographia based on their survey. According to them, Hong Kong’s median hoe price was more than $S4.02 million compared to the median income which was only HK$270,000. Few weeks ago, ... Read More
PR1MA buyers to get guaranteed financing up to 110%
Prospective buyers of 1Malaysia People’s Housing (PR1MA) homes can expect guaranteed financing to buy them. The scheme will enable buyers, who were successful in the balloting, the option to get their own financing or choose from PR1MA panel bankers, said PR1MA Corp Malaysia chief financial officer Hasleen Isnin. Prime Minister ... Read More
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RECENT COMMENTS
- @Hiroto walk in to sales gallery for deeper insight, web gives you only the top...tamiya on Savana @ Utropolis
- @savana yes if its for own stay, a big no if it's to rent out....tamiya on Savana @ Utropolis
- @Tavana good choice, match your name – tavana stays in savana ...tamiya on Savana @ Utropolis
- good choice, match your name - tavana stays in savana ...tamiya on Savana @ Utropolis
- @chookimhock Wrong info given. Normal unit majority sold out. Except for those seafront unit pending...Ryu on The Pier
- Congratulations to MPSP i hope they will carry on more upgrading works to ease traffic...Selvaraj on Jalan Alma – Jalan Bukit Minyak road expansion project completed
- @Loon Project already sold out. very hot launch ...chookimhock on The Pier
- Have this project start building? Any status we can refer? Thanks ...Philip on Versa
- It looks like very less discussion with this project. Where are the actual buyers? Any...Loon on The Pier
- Concerned : The upgrade of drainage system that is part of this project is...Concerned on Jalan Alma – Jalan Bukit Minyak road expansion project completed
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OTHER DEVELOPMENTS
- Affordable Housing (Penang Island)
- Butterworth Arena
- Columbia Asia Medical Centre
- Eco-Tourism Hub @ Batu Kawan
- Escape Penang – Eco Theme Park
- GBS @ The Waterfront
- GBS by The Sea
- Gurney Wharf
- IKEA Batu Kawan
- Island Medical CIty
- Kobay Jelutong
- Lin Xiang Xiong Art Gallery
- Linear Waterfront
- Mitsui Outlet Park @ PIA
- One Auto Hub @ Batu Kawan
- Penang Arts District
- Penang Eastern Seafront Development
- Penang Medical & Digital Technology Hub
- Penang Premium Outlets (Design Village)
- Penang Sentral
- Penang South Islands
- Penang Transport Master Plan
- Penang Waterfront Convention Centre
- Penang World City
- PIA Expansion
- Silicon Island
- Teluk Bahang Wellness Resort
- The Ship Campus (ALC College)
- The Top @ Komtar
- Wellness City of Dreams