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New residential property launches plunge by 50% in H1 2023
Residential property launches in the first half of 2023 plunged 50.2% to just over 16,000 units from 33,205 units in H1 2022, said the National Property Information Centre (Napic). Compared to the second half of 2022, residential launches in the first half of 2023 were down by 20.9%. These statistics ... Read More
Opening of RM80 million art gallery in Gelugor set for 2025
known for its rich heritage and vibrant culture, will soon welcome the opening of the RM80mil Lin Xiang Xiong Art Gallery at The Light City in Gelugor. Named after the owner-cum-world-renowned artist and entrepreneur, the seven-storey gallery will have retail shops, basement carpark and restaurant sited on a 0.36ha land ... Read More
Nanyang Street @ RU Square
Nanyang Street @ RU Square is the transformation of early Penang Style while adapting to the Southern Eclectic Style building to Modern Living Shophouses from the George Town UNESCO World-Heritage to the heart of Raja Uda, Butterworth. This is part of the approximately 14-acre development of RU Square which consists of ... Read More
SITE PROGRESS: Ferringhi Hills (Sept 2023)
About Ferringhi Hills A landed residential development within the established township of Batu Ferringhi. It is located along Persiaran Sungai Emas 1, only 10 minutes walk to Ferringhi Beach. It will feature a mix of 3-storey terrace (with lower-ground level) and semi-detached, bungalow houses, to be constructed in two phases. Find ... Read More
Vacancy tax possible answer to property glut issue?
The implementation of a vacancy tax could be a key factor in addressing the issue of vacant and unsold housing units across Malaysia. Khazanah Research Institute’s Theebalakshmi Kunasekaran said this tax is imposed on housing units that remain unoccupied or unused for a certain time period. It is usually calculated ... Read More
Chinatown @ Raja Uda
Chinatown @ Raja Uda, is themed uniquely and integrated FREEHOLD commercial development where everything converges in one location to satisfy businesses, offices, entertainment, food & beverages and local amenities need. It is now set to change the Raja Uda townscape through a well-planned collection of the Chinatown themed commercial spaces ... Read More
Penang LRT project included in 12th Malaysia Plan (12MP)
Ten new transportation projects have been included in the 12th Malaysia Plan (12MP) including the Penang light rail transit (LRT) project. During the presentation of the mid-term review of the 12MP, Prime Minister Datuk Seri Anwar Ibrahim said the government emphasised the development of sustainable and resilient transport and logistics ... Read More
Weak monitoring of housing development accounts among factors contributing to problematic projects
Housing development account (HDA) weaknesses in monitoring and management procedures are among factors identified as contributing to problematic housing projects. Deputy Local Government Development Minister Akmal Nasrullah Mohd Nasir said HDAs are under the Housing Development (Control and Licensing) Act (Act 118), where the law requires licensed housing developers to ... Read More
SITE PROGRESS: Savana @ Utropolis (Sept 2023)
About Savana @ Utropolis This is the fourth phase of Paramount Property’s Utropolis development at Batu Kawan. Located along Jalan Cassia Barat 2, adjacent to Sensasi and Sinaran Residences. It is less than 5 minutes’ walking distance to Design Village outlet mall and UOW MALAYSIA KDU Penang University College, with easy ... Read More
Rehda lauds Local Government Development Ministry’s proposal to introduce special urban renewal law
The Real Estate and Housing Developers’ Association (Rehda) Malaysia welcomes the announcement by Local Government Development Minister Nga Kor Ming on the proposal to introduce a new law to oversee urban regeneration efforts in the country, according to a statement issued by Rehda president Datuk NK Tong on Thursday. The ... Read More
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RECENT COMMENTS
- Good Luck to all those first time buyers... LOL ...MajorArches on Early completion of Ideal Residency: PR1MA delivers keys to 20 proud homeowners
- @JC It's not a wise decision to dump all 1M in a same bucket. Lumina...Ryu on Lumina Residence
- @walter Nowadays agent all so kids, how many are them really know about property? Last...honda on Lumina Residence
- @JC If both city views, Lumina will get super hot evening sun, while Queens will...walter on Lumina Residence
- @Puzzled I believe 80% of that 30% are units reserved for BoonSiew. They have this...walter on Lumina Residence
- @Puzzled I'm dilemma of Lumina or Queens residence Q3. I have 1M budget here but...JC on Lumina Residence
- Correct. Ang Mos/expats holding senior position prefer locations that offer a well blend of greenery,...Puzzled on Lumina Residence
- @Ora small issue. the condo market value is approaching 900k now ...chookimhock on The Cube
- @Ora 500k? Daily rob!! Seaview condo!! ...Ryu on The Cube
- @damien I would be more worry if my apartment/house is on or next to hill...Oh nice on SITE PROGRESS: Mezzo @ The Light City (Oct 2024)
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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