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Lowering threshold for foreigners only applicable to existing unsold condos
The move to lower the threshold for foreigners to buy condominiums and apartments in urban areas from RM1mil to RM600,000 is only applicable to existing unsold units, says Finance Minister Lim Guan Eng. He said the measure announced in the 2020 Budget, effective from Jan 1 to Dec 31 next ... Read More
High Court: Owners to pay flat rate for maintenance charges based on share units
Residents at high-rise buildings without strata titles, where there are also offices and retail lots, will now pay service or maintenance charges according to a fixed formula following a landmark court decision. The Court of Appeal held that the Joint Management Body (JMB) committees of high-rise buildings are not allowed ... Read More
Budget 2020: Penang Hill cable car plan gets RM100mil
The Penang Hill cable car project, which received RM100mil allocation from the Federal Government in yesterday’s budget announcement, will be nothing short of world class. Penang Hill Corporation (PHC) general manager Datuk L.L. Cheok said only the best and latest technologies in the world would be used to ensure safety ... Read More
Construction of Ayer Itam-LCE Expressway bypass to start on Oct 31
After a six-year wait, the Penang government has inked the Bandar Baru Air Itam to Tun Dr Lim Chong Eu Expressway bypass road deal. Costing RM851mil, the 5.7km road is the second package of the three paired roads package under the RM6.3bil undersea tunnel project. Work is scheduled to begin ... Read More
Budget 2020: Housing Highlights
Rent-To-Own scheme To assist those who are unable to pay 10% deposit and to secure the access of home purchase financing, the government will be working with financial institutions to introduce a Rent-To-Own (RTO) scheme. Through this scheme, RM10 billion financing will be provided by financial institutions with the government’s ... Read More
Green lights for Penang Tunnel, and other mega projects
The government is anticipated to ink the development agreement for the long-held up controversial Penang tunnel project today morning just before the Budget 2020 tabling, sources said. The RM6.34 billion project will be signed between the Penang state government and the main contractor, Consortium Zenith Construction Sdn Bhd, reported The Star ... Read More
UPCOMING: George Town / CT Ceria Sdn. Bhd.
A newly proposed commercial high-rise development by CT Ceria Sdn. Bhd. in the heart of George Town. It is strategically located on a 1-acre land along Jalan Anson, adjacent to Penang's National Registration Department building. The land is currently occupied by a 2-storey heritage building. This development will see the ... Read More
Affordable housing should meet high quality standards
Penang State Housing, Town, Country Planning and Local Government Committee chairman Jagdeep Singh Deo stressed that the provision and supply of affordable housing in Penang should meet the standards and quality of housing. Jagdeep said each of the State Government housing projects built either low cost (LC), low medium cost ... Read More
Keladi Indah
Keladi Indah, a landed residential development by Gandingan Semangat Sdn. Bhd. at Bertam in Northern Seberang Perai. Located along Jalan Panglima 3, this development is just a stone's throw away from Taman Bertam Perdana. It is surrounded by vital amenities, less 30 minutes drive to Penang Bridge via North-South Expressway during off-peak ... Read More
Developer ordered to rectify defects immediately
The developer, who was awarded the tender to develop the affordable housing project in SP Chelliah, has been ordered to rectify the defects as soon as possible. State Local Government, Housing, Town and Planning Committee chairman Jagdeep Singh Deo said he took the matter seriously. “It is a state project ... Read More
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RECENT COMMENTS
- @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)
- Gonna be Batu Kawan Landmark. Muze in Batu Kawan ...Jenn Kim on PROPOSED: 54-Storey serviced residence @ Batu Kawan
- @damien why you worry, storm here, unlike hurricane or typhoon elsewhere, does not kill....... ...Oh nice on SITE PROGRESS: Mezzo @ The Light City (Oct 2024)
- Not sure why people still questioned PDC. The plots of land there were sold to...Wan on PROPOSED: 54-Storey serviced residence @ Batu Kawan
- Don't forget Asia Green took 10 years to complete Quaywest, LOL. ...millionaire on SITE PROGRESS: Mezzo @ The Light City (Oct 2024)
- @chookimhock Why worry? So many house available ...Ryu on Iconic Regency
- @chookimhock Yup. The AG price tag is reasonable & plenty of happy purchaser. The location...Ryu on SITE PROGRESS: Mezzo @ The Light City (Oct 2024)
- Well, I wouldn't say it's only IJM, some other condos near the coast also had...damien on SITE PROGRESS: Mezzo @ The Light City (Oct 2024)
- How much is the maintenance fee for this project ? ...BM Guy on Mertajam Heights
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- 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
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- Silicon Island
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- The Top @ Komtar
- Wellness City of Dreams