The Penang Island City Council (MBPP) has been given specific orders to tear down the illegal structures on Bukit Laksamana in Teluk Bahang. State Local Government Committee chairman Chow Kon Yeow said the Engineering Department had gone to the site to check on the latest development. “I have given the ... Read More

The Penang government has introduced a new category of housing applicants for affordable housing scheme – the talented and skilled. According to the State housing exco Jagdeep Singh Deo, the new category is for knowledge workers who were employed and voting in Penang, but not necessary to have 5 years ... Read More

YTL Land and Development Bhd sold the final units of its low-rise condominium project – Penang Shorefront – at a preview last weekend. YTL Land and Development executive director Datuk Yeoh Seok Kian remarked: "It’s amazing to witness the way the market responded to our Shorefront project, a niche upmarket, ... Read More

Some 50 first-time unit buyers went one step closer to their dream of home ownership at the M Summit Group’s Taman Ria and Ramah Pavilion balloting session in Penang. At the event held at the group’s office in Wisma Penang Garden recently, the buyers for the projects in Teluk Kumbar ... Read More

All residential stratified properties are now categorised as "Goods and Services Tax (GST) exempt supply", said National Home Buyers Association (HBA) secretary-general Chang Kim Loong. Previously, only low-cost and low-medium cost properties were granted such exemption. Being categorised as "GST exempt supply" would mean that fees charged by a management ... Read More

by Charles Tan In Penang, the electronics sector is a very important sector for property market. The reason I say so is because more often than not a lot of these manufacturing companies would hire engineers as well as other functions to support operations and these are the potential buyers ... Read More

Developer Aspen Vision Land, IKEA franchisee Ikano Pte Ltd and the Penang Development Corporation (PDC) have entered an agreement for a RM8 billion integrated development in Batu Kawan that will be built around the Swedish furniture icon. The massive project will be headlined by a regional integrated shopping haven anchored ... Read More

A total of 51,238 people have applied for the low-cost, low medium-cost (LMC) and affordable housing units in Penang to date, said state Town, Country and Housing Committee chairman Jagdeep Singh Deo. Jagdeep said 24,399 people applied for low-cost units, 23,582 for LMC and 3,257 for affordable units. “The deserving ... Read More

The Penang state government has endorsed Eastern & Oriental Bhd’s (E&O) masterplan for the second phase of its Seri Tanjung Pinang (STP) project. In its filing with Bursa Malaysia, E&O said its subsidiary Tanjung Pinang Development Sdn Bhd was notified yesterday that its masterplan for STP phase two had been ... Read More

Those owning many cars may not be eligible to apply for low-cost and low medium-cost housing if Penang enforces such a ruling. The state is mulling the idea of placing this restriction on those applying for such dwellings as those who can afford to own many vehicles should not be ... Read More