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Foreigners can only buy landed properties above RM3m in Penang island

Foreigners buying landed properties in Penang island can now only do so if the property is priced above RM3 million. The Penang government has agreed to halve the approval fee for foreign purchasers of some stratified properties on the island from three per cent to 1.5 per cent. The reduction ... Read More

Ariza Seafront Terraces – Final Phase

Ariza Seafront Terraces, the final phase of landed property development by E&O within the mature neighborhood of Seri Tanjung Pinang Phase 1. Located next to E&O's Sales Gallery, less than 5 minutes walk to Straits Quay retail marina. This development will offer 32 units of 3-storey freehold terrace homes with a standard built-up ... Read More

Property transaction fees up

The sale and transfer of property valued at RM500,000 and below will now be subjected to a 1% conveyancing fee. Taking effect today, it came about with the revision of the fee structure in the Solicitors’ Remuneration Order by the Bar Council last year. The revision, which was approved by ... Read More

1 City Shop Offices

1 City, is an upcoming mixed use development with commercial and residential components by World Corporate Construction Sdn. Bhd. at Bukit Minyak. They are located off Jalan Pinang, just a stone’s throw away from Bukit Minyak Industrial Park. This development comprises a total 102 units 2 and 3-storey shop offices ... Read More

Penang developers plan mega projects

The economic climate has not deterred developers from planning multi-billion ringgit projects in Penang. The general consensus is that the current slow period is part of the property cycle and not something sinister like the 1997/98 Asian Financial Crisis. In time, the situation will turn around and they are preparing ... Read More

UPCOMING: Sungai Nibong / Venn Harmony Sdn. Bhd.

Yet another upcoming residential development at Sungai Nibong. Proposed by Venn Harmony Sdn. Bhd., located along Persiaran Pantai Jerjak and next to SK Sungai Nibong. It's about 15 minutes walking distance from the future LRT station. This development will the construction of a mixed of landed and high-rise properties: Phase ... Read More

Komtar to have world’s tallest mural soon

Five Malaysian artists are set to make their way into the Guinness Book of Records soon for painting the world's tallest mural on Penang's Komtar tower. The World's Tallest Mural project, which is sponsored by Only World Group (OWG), will see the artists attempting to paint a colossal homage to ... Read More

Vittoria Financial Centre

Vittoria, an upcoming commercial development by Aspen Group at Aspen Vision City in Batu Kawan. It is strategically located next to Vertu Resort Condominium and the future Columbia Asia Medical Centre, right opposite KDU University College (under construction). This development will see the construction of six office towers, which includes: 5 blocks of ... Read More

20 Most Active Projects in Penang (Jan & Feb 2017)

Property transaction has undeniably indicated a downtrend pattern for past few years. However, people’s obsession with home ownership did not exhibit any declining effect. In fact, we experienced consistent upsurge in our pageviews. By comparing our Jan & Feb 2017 traffic vs the same period in 2015 and 2016, approximately ... Read More

5 things to note about buying property on the secondary market

If you are looking for a ready, more secure and less speculative type of property, you would probably look at the secondary market first rather than those that are still under construction offered by housing developers. While the costs of entry are higher in the secondary market compared to buying ... Read More