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Penang welcomes airport expansion and heritage conservation allocation in 2023 budget

The Chief Minister of Penang has welcomed the announcement by Prime Minister Datuk Seri Anwar Ibrahim in the 2023 Budget that the Penang International Airport expansion project will be implemented. The Chief Minister expressed his hopes that with the expansion of the airport, it can cater to around 20 million ... Read More

REHDA welcomes Budget 2023, urges solution for increasing building material prices

The Real Estate and Housing Developers’ Association (REHDA) Malaysia has welcomed the measures announced in Budget 2023 by the Unity Government on Friday. In particular, the association supports the government’s plans to build 12,400 units of low-cost houses under Program Perumahan Rakyat (PPR) and 4,250 Rumah Mesra Rakyat under Syarikat ... Read More

Paramount Palmera

Paramount Palmera, a freehold light industrial development by Paramount Property in central Seberang Perai. Strategically located near Jalan Permatang Tinggi, within the vicinity of the established industrial address of Bukit Minyak. It is conveniently connected to transport networks with easy access to major highways. In this modern era of commerce, it’s ... Read More

Sunway Property announces RM2.3 billion sales target for 2023

Master Community Developer, Sunway Property announced that it had achieved RM 2.0 billion in sales with an unbilled revenue of RM 4.3 billion for its financial year ended December 31, 2022. In the same period, the developer also delivered over RM 1.3 billion worth of projects and has a total ... Read More

Ideal Residency slated for completion in 2025

Housing units at Ideal Residency, an affordable housing project by Ideal Property Group in Bukit Gelugor, are selling fast like hotcakes as the state government today confirmed that 97.5 per cent of units there have been sold. State Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo said ... Read More

REHDA expects a housing price spike due to increasing construction and labor costs

The Real Estate and Housing Developers’ Association Malaysia (Rehda) yesterday said their members are inclined to increase the housing price this year due to several factors. Its president Datuk NK Tong said among the biggest issue found in their reports are the high cost of building materials as well as increasing ... Read More

HBA: Act against housing developers that abandon their projects

With Local Government Development Minister Nga Kor Ming recently announcing that there are 429 “sick” housing projects, comprising 70,727 units involving 29,147 buyers nationwide as of Jan 31, the National House Buyers Association (HBA) is urging the authorities to prosecute developers that abandon their projects. Sick housing projects are defined ... Read More

Penang South Islands project wins award for low-carbon city plan

The design of the proposed Penang South Islands (PSI), a 1,821ha project next to the Penang International Airport at Bayan Lepas, has been recognised as a sustainable piece of development when it comes to minimising emissions. The Malaysian Green Technology and Climate Change Corp (MGTC) has honoured Penang for its ... Read More

SITE PROGRESS: Granito @ Permai (Feb 2023)

About Granito @ Permai An affordable housing development by BSG Property in Tanjung Bungah, Penang. It is strategically located next to TAR College, adjacent to 2 Permai luxury residential scheme. This development featuring a 50-storey building with two residential towers and 12 levels of car park. There are 980 units ... Read More

4,000 PR1MA affordable homes coming up in Penang

Perbadanan PR1MA Malaysia (PR1MA) under the Local Government Development Ministry will be building some 4,000 high-rise homes in Penang over the next five years. The agency will carry out residential and mixed development projects on its two plots of land measuring 121.4ha in the state. The projects have an estimated ... Read More