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thelightcity

The Light City project to start work in early 2020

Property developer IJM Land Bhd plans to start its “Light City Penang”, integrated city development project with a gross development value (GDV) of RM4.5 billion at The Light Waterfront here, by the first quarter of next year (1Q2020). General Manager Tan Hun Beng said the first phase of the development ... Read More
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SITE PROGRESS: Residensi Permatang Pauh (Sep 2019)

About Residensi Permatang Pauh Affordable housing undertaken by Excel Focus Properties Sdn. Bhd. It is strategically located within the established township of Permatang Pauh, only about 500 meters away from Butterworth-Kulim Expressway. Neighboring communities include Taman Naluri, Taman Naluri Ria and Taman Janggus Jaya. Find out more about Residensi Permatang ... Read More
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Developers: Foreign buyers won’t affect local property market

The Real Estate and Housing Developers’ Association Malaysia (Rehda) says foreign buyers are attracted to a different category of properties, and that their presence will not have an impact on the property market targeted by locals. Rehda also welcomed Putrajaya’s plan to promote its Home Ownership Campaign (HOC) to foreigners, ... Read More
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SITE PROGRESS: Queens Residences (Sep 2019)

About Queens Residences Luxury waterfront development by Ideal Property Group at Bayan Bay with gross development value (GDV) of RM600mil. This development is located in front of BayStar Condominium, just stone’s throw away from Queensbay Mall. Find out more about Queens Residences ... Read More
penang-1q2019

Penang property market has no significant improvement in early 2019

According to data from National Property Information Centre (NAPIC), Malaysia property market transactions for 1H2019 have rebounded for the first time since the market dipped in 1H 2015, indicating a resilient market outlook. Based on the latest data from NAPIC, property transaction in 1H 2019 has surged 6.9% year-on-year to 160,172 transactions as ... Read More
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Penang is now home to world’s longest water slide

The world’s longest inner tube water slide in a theme park in Teluk Bahang is expected to open to the public by the second half of next month. Penang Escape theme park founder and chief executive officer Sim Choo Kheng said on Wednesday (Sept 25) that the 1,111m-long water slide ... Read More
golden-gateway-sep-2019

SITE PROGRESS: Golden Gateway (Sept 2019)

About Golden Gateway An SME Industrial Park located on a 20.5 acre land at the southeast part of Batu Kawan. Strategically located off Jalan Perusahaan Valdor, just a mere minutes drive to Batu Kawan Industrial Park. It is only 5 minutes away from Penang Second Bridge. Comprises 54 units of semi-detached and ... Read More
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AFFORDABLE: Tanjung Bungah / BSG Property

A newly proposed affordable housing development by BSG Property at Tanjung Bungah. Strategically located within upscale neighbourhood, off Jalan Loh Poh Heng. It is adjacent to Hillview Garden and Concord Garden. It is only a mere minutes drive to Penang famous tourist belt of Batu Ferringhi. This development will see ... Read More
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All foreigners can buy unsold luxury homes

Zuraida Kamaruddin has reiterated that the Malaysia My Second Home (MM2H) programme for unsold luxury homes encompasses all foreign buyers and is not confined to purchasers from China. She said the campaign is to solve the glut of unsold luxury homes. "I have to set the record straight because the ... Read More
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Apartment units below RM300,000 dominate property overhang list

Condominium and apartment units priced between RM200,000 and RM300,000 dominate the list of property overhang in the country, mainly contributed by those in Perak and Kedah. Deputy Finance Minister Datuk Wira Amiruddin Hamzah said condominium and apartment units made up 43 per cent of the total property overhang in the ... Read More