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Penang aims to provide 220,000 units of affordable housing by 2030
The Penang State Government is now setting a new target to provide 220,000 units of affordable housing by 2030. Penang Local Government, Housing Town and Country Planning Committee chairman Jagdeep Singh Deo said, previously the State Government set a target to provide 180,000 units of affordable housing as part of vision Penang 2030 ... Read More
Federal Court: Management corporation (MC) can stop short-term rentals
The Federal Court today ruled that management corporation bodies of residential strata buildings, through their own house rules, can prohibit short-term rental of residential units in their buildings. A three-member bench, chaired by Chief Justice Tengku Maimun Tuan Mat, said even if the state authority permitted the use of the ... Read More
UEM Sunrise’s major shareholder proposes merger with Eco World
UEM Sunrise Bhd, one of the largest property developers in Malaysia, has received a letter from its shareholder proposing a merger with peer Eco World Development Group Bhd, the company said on Monday. Its major shareholder UEM Group, in a letter on Friday asked for UEM Sunrise and Eco World ... Read More
Neighbourhood park launched in Sungai Pinang
Sungai Pinang residents and those staying around the Karpal Singh Drive have additional joy when the ground-breaking ceremony of a three-acre neighbourhood park was launched at Lebuh Sungai Pinang 7 as part of a green project by the state today. Chief Minister Chow Kon Yeow, who planted a Malayana sapling ... Read More
Unreleased bumi lots contribute half of property overhang in Malaysia
The unreleased Bumiputera lots contribute to about 40% to 50% of the country’s overhang numbers, according to Real Estate & Housing Developers’ Association (Rehda) Malaysia president Datuk Soam Heng Choon. Many completed houses in certain states were unsold because the state governments do not want to release the Bumiputera lots ... Read More
The Light City officially broke ground yesterday
The second phase of The Light Waterfront project, The Light City held its groundbreaking ceremony, officiated by the Mr. Ong Teng Cheng, Managing Director of IJM Construction Sdn Bhd, and Dato' Toh Chin Leong, Senior General Manager (Northern Region) of IJM Land Berhad and Director of IJM Perennial Development Sdn ... Read More
UPCOMING: Bukit Mertajam / Znen Landmark Development
An upcoming mixed development by Znen Landmark Development Sdn. Bhd. at Bandar Perda commercial district in Bukit Mertajam. Located near Jalan Perda Utama roundabout, just a stone's throw away from KPJ Penang Specialist Hospital and Seberang Perai City Council. Neighboring communities include BM City Mall and Metropol, which is still under ... Read More
George Town wins gold medal in 4th WeGO Awards
George Town, the capital city of Penang, has been awarded the Gold Medal for the fourth edition of Sustainable Cities Organisation Awards (WeGO Awards) under the Mobility category. State Housing, Local Government and Town and Country Planning Committee chairman Jagdeep Singh Deo today said this was the first time Penang ... Read More
RM300k and below form the largest segment of unsold residential units.
Developers are scratching their heads as to why the most affordable units priced RM300,000 and below form the largest segment of total unsold residential units. Real Estate and Housing Developers’ Association (Rehda) Malaysia vice-president Zulkifly Garib (pic) said: “The overhang is an accumulation of many years. We need to understand ... Read More
Rehda expects lower HOC sales
The sales of the Home Ownership Campaign (HOC) 2020-2021 are expected to be lower than last year owing to the lacklustre performance in the first half of 2020, said Real Estate and Housing Developers' Association (Rehda) Malaysia president Datuk Soam Heng Choon. HOC 2019 recorded sterling sales of 57,000 units ... Read More
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- It is only 34 storey, I thought it will built until 88 storey that can...ALAN CHUNG on Global brands eager to join “Stark in the Sky” for extraordinary nightlife experience
- @millionaire Is Queens waterfront near by proposed LRT? Where is the impact to this? Is...Ryu on Penang’s high-end property prices surge amid strong demand and infrastructure boost
- @Ryu Joke or no joke people are professional on property. Believe they have data to...millionaire on Penang’s high-end property prices surge amid strong demand and infrastructure boost
- @rocky Queens waterfront is good? This is really a joke & full with night racing...Ryu on Penang’s high-end property prices surge amid strong demand and infrastructure boost
- “Among the projects that will benefit from the LRT project are the Queens Residences @...rocky on Penang’s high-end property prices surge amid strong demand and infrastructure boost
- @Sam How was the progress afterward? ...Nick on The Cube
- @MajorArches why say like that? i see from overall the project quite nice... ...i love prima on Early completion of Ideal Residency: PR1MA delivers keys to 20 proud homeowners
- @Ashraf Not really far away. Rm740k is unfurnished & renovated. If you engage ID for...chookimhock on The Cube
- @chookimhock Just saw online portals current highest selling price still rm740k only, still far away...Ashraf on The Cube
- Good Luck to all those first time buyers... LOL ...MajorArches on Early completion of Ideal Residency: PR1MA delivers keys to 20 proud homeowners
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OTHER DEVELOPMENTS
- 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
- Penang South Islands
- Penang Transport Master Plan
- Penang Waterfront Convention Centre
- Penang World City
- PIA Expansion
- Silicon Island
- Teluk Bahang Wellness Resort
- The Ship Campus (ALC College)
- The Top @ Komtar
- Wellness City of Dreams