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Federal Court: Late delivery payment begins from booking fee collection
The calculation for late delivery payment to house buyers begins from the date the booking fee is paid, and not when the sale and purchase agreement (SPA) is signed, the Federal Court ruled today. Chief Justice Tengku Maimun Tuan Mat said the Housing Development (Control & Licensing) 1966 and its ... Read More
Worsening Covid-19 situation will derail property market recovery
Last year had been extremely challenging for the overall market, including real estate, due to the prolonged Covid-19 pandemic and it continues to disrupt lives, economies, and societies globally. Homebuyers and investors held on to their money due to the certainty in the market and because of that many developers ... Read More
UPCOMING: Butterworth / Woolley Development Sdn Bhd
This is a residential development by Woolley Development Sdn. Bhd. at Butterworth. Strategically located near Jalan Dahlia, easily accessible via the ever bustling Jalan Raja Uda. It is adjacent to Bola-Bola Sports Centre and the proposed Garden City mixed development by Flexizone Venture Sdn. Bhd. The proposed development comprises a 12-storey medium cost ... Read More
BNM expected to cut OPR to new low of 1.5%
DBS Group Research is predicting Bank Negara Malaysia (BNM) to cut the overnight policy rate (OPR) by another 25 basis points (bps), which would bring the interest rate to a new low of 1.5%, in the forthcoming monetary policy meeting scheduled for Jan 20 next week. The move is expected ... Read More
Penang to extend House Ownership Campaign to end of 2021
The Penang government plans to extend the House Ownership Campaign (HOC) to the year-end following implementation of the movement control order (MCO) and imposition of Emergency which is expected to continue until August. State Housing, Local Government and Town and Country Planning Committee chairman, Jagdeep Singh Deo said this measure ... Read More
All parks in Penang will be closed during MCO
All parks in Penang, including Botanic Gardens, will be closed as of Friday (Jan 15). This follows some confusion when the movement control order was re-imposed on Wednesday (Jan 13) and some public recreational parks in the state remained open for people to go jogging alone. State youth and sports ... Read More
SITE PROGRESS: 3 Residence (Jan 2021)
About 3 Residence Mixed development by IJM Land at Sungai Pinang. It is strategically located along Lebuh Sungai Pinang 1, easily accessible via Tun Dr. Lim Chong Eu Expressway. Offering a mix of residential and commercial components, which comprises a 47-storey skyscraper, hotel and shop offices. Find out more about 3 Residence Register your interest ... Read More
The Se7en @ Juru
The Se7en @ Juru, a commercial development by Prospek Setia Sdn. Bhd. at Bukit Tengah. It is a small development strategically located along the busy road of Jalan Kebun Nenas, next to Juru Sentral development near Icon City. Just a stone's throw away from Juru Auto-City. This development will see the ... Read More
EcoWorld calls off merger with UEM Sunrise
Private developer Eco World Development Group Bhd has called off a proposed merger with government-linked property developer UEM Sunrise Bhd. The merger, if realised, would have resulted in one of Malaysia’s largest real estate companies by market value. In a statement, EcoWorld chairman Liew Kee Sin said the decision was ... Read More
Penang Medical and Digital Technology Hub @ Batu Kawan
Penang Development Corporation (PDC) is looking to further accelerate the maturing township of Bandar Cassia in Batu Kawan into a medical and digital technology hub after exchanging a Memorandum of Understanding (MoU) with iHeal Health Sdn Bhd. The MoU exchange ceremony marked the collaboration between the Penang government and iHeal ... Read More
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- @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)
- @Ryu Ya, agree with you that normally seafront coastline properties will get hit in a...damien on SITE PROGRESS: Mezzo @ The Light City (Oct 2024)
- @KC I heard my friends said he bought the zen paying 500+k and the unit...Ora on The Cube
- @damien Why worry? I have many house. Later repair. No problem. Seafront coastline is normal...Ryu on SITE PROGRESS: Mezzo @ The Light City (Oct 2024)
- @Oh nice Haha, not worried, just saying. According to disaster dept analysis, during the recent...damien 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