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State mulling rent-to-own scheme for Penangites

Penang CM wants to enable more Penang folk to have a roof over their heads. He feels that fresh graduates may not be able to afford a home as their incomes are not growing in proportion with housing prices. Hence, while the current low-cost and low-medium-cost housing schemes will still ... Read More
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UPCOMING: Machang Bubok / TF Land Sdn. Bhd.

A newly proposed mixed development proposed at Machang Bubok by TF Land Sdn. Bhd. Strategically located along Jalan Machang Bubok 1, adjacent to the 3rd phase of Bandar Machang Bubok development. It's about 5km away from AEON Mall at Alma, under 20 minutes drive to Kulim Hi-tech Park. This development ... Read More
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We need more than just housing data to address housing issues

The United Nations Human Settlements Programme or UN-Habitat executive director, Maimunah Mohd Sharif’s passion for bringing change to people’s lives certainly shines through. As the first Asian lady to be appointed to the position, Maimunah who grew up in a kampung in Kuala Pilah, Negeri Sembilan, was previously the mayor of Penang Island ... Read More
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Desa Alma Ria

Desa Alma Ria, a residential development by Harta Intan Group at Bukit Mertajam. It is strategically located within Alma township, about 3km drive from AEON Mall and Tesco Hypermarket. Neighboring communities include Taman Alma Ria, Taman Alma Indah and Jesselton Hills by DNP Land. This development comprises a 11-storey apartment, ... Read More
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World Cup FINAL! Live screening @ Southbay, Penang

Catch the live screening of FIFA World Cup FINAL at Southbay Sales Gallery, Penang. Hosted by Mah Sing Group, featuring food trucks & many fun activities! Activities Highlight: Live Band Foosball Attack Tabletop Football Fever Kids Inflatable Food Trucks ... Read More
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Official opening of Batu Maung flyover (P10)

Motorists can look forward to breezier travelling along the newly upgraded 1.25km stretch from Batu Maung to Jalan Sultan Azlan Shah in Bayan Lepas, Penang. The RM123mil project includes the construction of a 650m four-lane flyover, upgrading of roads from the section in front of SK Batu Maung to Solok ... Read More
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Works on Ayer Itam – LCE Expressway bypass to start Q2 2019

Works on one of the three paired roads — the 5.7km Ayer Itam-Tun Dr Lim Chong Eu Expressway bypass — are expected to startat the beginning of the second quarter next year. Consortium Zenith Construction Sdn Bhd (CZC) senior executive director Datuk Zarul Ahmad Mohd Zulkifli said the groundbreaking ceremony was ... Read More
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Contribution cost for property developments in Penang

According to some property developers in the state, compliance cost has gone as high as RM460 psf but this has been reduced to RM390 psf earlier this year. Nevertheless, developers lament that the cost is still too high. Will compliance cost be reduced further? Chow admits that the Real Estate ... Read More
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Clear Water Bay – Phase 2

A proposed waterfront residential development project by Blue Wagon Sdn. Bhd. at Teluk Air Tawar in Butterworth. Located on a seafront land by the Andaman Sea, adjacent to QuaySide @ Clear Water Bay (Phase 1). It is about 20 minutes drive from Penang bridge via North-South Expressway, just a stone's ... Read More
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Housing ministry, BNM to ease housing loan requirements

The Housing and Local Government Ministry is working with Bank Negara Malaysia (BNM) to ease housing loan requirements for home buyers, in a bid to reduce the number of unsold completed residential units in the country. Minister Zuraida Kamaruddin said the central bank is preparing guidelines to allow for the ... Read More