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Penang to raise price cap for foreigners

GEORGE TOWN: The Penang Government has proposed to raise the cap for foreign purchases on all properties in the state. Chief Minister Lim Guan Eng said the current limit of RM500,000 would be raised to RM1mil, except for landed properties on the island that would be raised to RM2mil. He ... Read More

Upcoming development at Batu Ferringhi

The proposed development by Solid Promenade comprises of medium-to-high-end serviced apartments and high-end bungalows. The Location The site is located at the north west of Pulau Pinang at the beginning of Jalan Teluk Bahang. To the right is the Batu Ferringhi Bayview Beach Resort; to the left is the Mutiara Beach Resort ... Read More

Property continues climb

PETALING JAYA: Overall price appreciation for residential properties is expected to range between 5% and 10% this year, according to CIMB Research. In a report, the research unit said residential properties’ price appreciation could be even higher but it believed that the Government would continue to remain vigilant on “runaway” ... Read More

Bright future for mixed township on mainland

PEARL City integrated township in Simpang Ampat, Nibong Tebal, is another landmark in mainland Penang that is gearing up for more growth. This complements the opening of the Second Penang Bridge and the Ipoh-Padang Besar electrified double track project. The mixed residential and commercial township on a 445ha project site ... Read More

The Clovers

The Clovers, a freehold residential development by Asia Green Development. Strategically located within the established township of Sungai Ara, few minutes away from the Penang International Airport, factories, Queensbay mall and etc. It comprises 892 units with size ranging from 699 sq.ft. onwards, 180 units of which is categorized under ... Read More

Victoria Bay @ Queensbay

Victoria Bay, an upcoming freehold waterfront mixed development by Asia Green Group at Queensbay. Strategically located next to Queensbay Mall, just a stone's throw away from Bayan Lepas Free Trade Industrial Zone. This development will offer a mix luxury condominium, retail, hotel and offices. Some unique features of the condominium including private ... Read More

Protecting local house buyers

INCREASING the floor price of residential property for foreign buyers from RM500,000 to RM1mil will be a positive development for the housing market, according to analysts and consultants. Many quarters are in favour of the move to raise the floor price as it would protect the housing market for the ... Read More

Penang transport masterplan for public viewing

GEORGE TOWN: The Penang Transport Master Plan is up for viewing at various places in the state from Monday until the end of the month. State Local Government and Traffic Management Committee chairman Chow Kon Yeow urged the people to give their feedback via a questionnaire during the public display. “From April ... Read More

Home inspection after quake

THE Penang Government is willing to offer assessment and inspection services of low- cost and low medium-cost flats in the state which might have been affected by the earthquake in Sumatera. Penang Chief Minister Lim Guan Eng said the services would be provided by the local councils and bomba. “Even though ... Read More

One Precinct

One Precinct, was known as Wikiworld back in 2007 and now it is making good progress. Located in a bustling and prominent district, One Precinct is only 10 minutes from the Free Trade Zones, Penang Bridge and Penang International Airport. Immediate surrounds are vibrant and comprises matured residential neighborhoods, commercial venues ... Read More