The Penang State Government introduced short-term rental guidelines for highrise and landed houses which is expected to be enforced from January next year. State Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo said the guidelines were drawn up together with local authorities (PBT) and related agencies since ... Read More

IHG Hotels & Resorts announced yesterday it is partnering with STC Property Management Sdn Bhd, the developer of Penang’s Straits City, to bring the Crowne Plaza brand to Butterworth. The master plan development is by Singapore-listed The Straits Trading Company Limited and Malaysia Smelting Corp Bhd. The partnership will bring the ... Read More

According to State Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh, the Affordable Housing Project (RMM) in Mak Mandin is now at 64 percent and on track to complete by end of 2023. "This project comprises 187 units of affordable housing Type A, part of the State Government's commitment to delivering a ... Read More

A new proposed luxury residential development within the upscale neighborhood of Pulau Tikis. Undertaken by Primary Spectra Development Sdn. Bhd., the proposed project will be located along Lebuhraya Codrington (Codrington Ave), opposite the junction of Jalan Yeoh Guan Seok. It is just a stone's throw away from Moulmein Rise by ... Read More

One of Malaysia’s most high-end neighbourhoods, Gurney Drive, has proven it is real estate gold after Hong Kong investors snapped up four bungalows in the area for over RM20mil. The bungalows are the “last stretch” of old properties along Gurney Drive, which has been named in international publications as one ... Read More

About Green City Residence A 29-storey luxury development in the heart of George Town by Green City Garden Development Sdn. Bhd. Located on a half-acre land along Macalister Road, it is only 2km away from KOMTAR and less than 15 minutes drive to Penang Bridge. This project features 52 units ... Read More

Penang and Langkawi have earned the Top 10 spot in the first ever Asia's Best Awards 2022 - Top 10 islands in Southeast Asia for 2022. The list was published by Travel + Leisure, a resource for trip ideas, hotels, flight sales, city guides, and travel tips. Penang came in ... Read More

The Penang government has initiated the pre-qualification process for the Bayan Lepas Light Rail Transit’s Request for Proposal exercise. Chief Minister Chow Kon Yeow said interested corporations that are shortlisted following the pre-qualification process would be invited to participate in the Request for Proposal (RFP) for the Bayan Lepas LRT scheme ... Read More

The Housing and Local Government Ministry (KPKT) is developing an Affordable Housing Price Index for each location nationwide as a guide for developers, prospective buyers and local authorities to determine the appropriate price of affordable housing in an area or locality. Its minister, Datuk Seri Reezal Merican Naina Merican said ... Read More

RHB Investment Bank Research (RHB IB) said the stamp duty waiver announced by the government will have minimal impact on the overall property market. In a note on Monday (July 18), the research house said ongoing market headwinds such as rising inflationary pressure and weakening of the ringgit continue to ... Read More