Malaysia has recorded a total of 32,313 units of unsold completed residential properties in 2018 valued at about RM19.8 billion. This is a 30.6% increase from 24,738 units recorded in 2017, according to the National Property Information Centre’s (Napic) Property Market Status Report for 2018. The highest number of unsold ... Read More

Located in southwest district of Penang island, Botanica.CT is a self-sustaining 300-acre garden township development by MTT Properties Sdn. Bhd. in Balik Pulau. Once being known as a home to an aging population, Balik Pulau has embraced urbanization in the past few years with modern amenities mushrooming within the vicinity ... Read More

Action will be taken against banks who “deliberately” do not give out housing loans to those who are eligible or who fulfill the criteria. “If you have difficulty getting loans, refer to MoF (Ministry of Finance),” advised Finance Minister Lim Guan Eng, telling homebuyers to escalate their grievances to the ... Read More

After years of delays, construction of the elevated highway from Air Itam to Tun Dr Lim Chong Eu Expressway will start on Sept 1. The highway is a vital road for some 300,000 Penangites living in the most densely populated part of the island. The Yang di-Pertua Negri Tun Abdul ... Read More

The Penang government is looking forward to positive news from the Federal Government concerning the implementation of urban regeneration projects in the state. State Housing, Town, Country Planning and Local Government Committee chairman Jagdeep Singh Deo said they are waiting for Putrajaya to guide them forward in their efforts towards ... Read More

A newly proposed luxury development by Southern Twin Management Sdn. Bhd., strategically located along Jalan Macalister in George Town. It is immediately opposite Scott Residence, just a stone's throw away from Residence 21 Super Condominium. This development will see the refurbishment of the existing heritage building and demolish the existing 4-storey budget ... Read More

The Millennium, a mixed-development by Ivory Properties Group at the urban township Batu Uban. It is strategically located next to The View Twin Towers, just a mere minutes drive to Penang Bridge. This development sprawls over 5.9 acres of prime land with towers for commercial and residential, featuring retail outlets, condominium ... Read More

Taman Seri Sepadu, a mixed development by Exopuri Group at Tasek Gelugor. Located along Jalan Permatang Manggis, just a mere minutes drive to Penang-Kedah border via Jalan Tasek Gelugor. It is about 10 minutes walking distance to Tasek Gelugor KTM Station and SK Pengkalan Jaya. This development comprises 17 units ... Read More

Chief Minister Chow Kon Yeow has clarified that there is no approval yet for a plan to reclaim three man-made islands off the southern coast of Penang island. He said the state government must follow the 18 points of advice set by the federal government. “I did not say that ... Read More

The National Physical Planning Council (NPPC) has approved the proposed Penang South Reclamation (PSR) project to create three islands off the southern coast of the main island. Penang Chief Minister Chow Kon Yeow, in a brief statement, confirmed that the NPPC had agreed to the implementation of the project as ... Read More