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2019 HOC extended until the end of December

The Home Ownership Campaign (HOC) 2019 which should end this month is extended until the end of December to open more opportunities for home ownership among Malaysians. Minister of Housing and Local Government, Zuraida Kamaruddin said the campaign launched by the Prime Minister, Tun Dr. Mahathir Mohamad has received a ... Read More

Penang property market seen to be challenging in medium term

The Penang property market, over the short to medium term, is expected to be challenging as a result of strong incoming supply of new units. At the end of 2018, the incoming supply of housing rose to 49,543 units versus 44,046 units in 2017, an increase of 12.5%. The National ... Read More

Stratified property owners in Penang must pay parcel rent directly to land office

From this year, owners of stratified properties in the state will have to pay parcel rent directly to their respective district and land offices. Chief Minister Chow Kon Yeow said the parcel rent, replacing quit rent for stratified properties, is effective from January this year. "Prior to this, the quit ... Read More

AFFORDABLE: Teluk Kumbar / Kobay SB Sdn. Bhd.

Yet another proposed affordable housing by Kobay SB Sdn. Bhd. at Teluk Kumbar. Located on an approximately 1-acre land off Lintang Teluk Kumbar 1, about 5 minutes walking distance from Lexis Suites, and less than 10 minutes drive from Penang International Airport. Communities within 1km radius include Taman Emas Flat, Sunway Aspera, ... Read More

Aspen Group acquires freehold land in Paya Terubong

Aspen Group, through its subsidiary Aspen Park Hills Sdn Bhd, has acquired 29.05 acres (11.62 hectares) of land in Paya Terubong from Geo Valley Sdn Bhd to be developed into mixed-residential development. Aspen Group executive deputy chairman Datuk Seri Nazir Ariff said the seven pieces of freehold land would be ... Read More

One Hundred Suites & Residences

One Hundred Suites & Residences, a commercial development by Atta Global Group at Sungai Nibong. It is strategically located along Jalan Sultan Azlan Shah, diagonally opposite are SJK(C) Shih Chung, SRJK(C) Kwang Hwa and SMK Sungai Nibong. Just a mere minutes walk to future Sungai Nibong LRT station. This development ... Read More

With federal funds for PTMP, scale of PSR to be reviewed

By Charles Tan I no longer stay in Penang but I support the Penang South Reclamation (PSR) scheme. The main reason is because it provides funding for Penang Transport Master Plan (PTMP) without which PTMP will not have the fund to proceed. Let’s understand that traffic jams in Penang is ... Read More

Taman Desa Harmoni

Taman Desa Harmoni, a small residential development by Loyal Greenworld Sdn. Bhd. at Sungai Dua in Butterworth. Located off Lorong Sungai Dua Utama 21, just a stone's throw away from SK Desa Murni. It is only less than 15 minutes drive to Penang Bridge via North South Expressway. This development comprises 17 units of 2-storey terrace ... Read More

No increase in cement prices

There will be no increase in the price of cement, says Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail. The minister said the decision was made following a meeting with industry players on Tuesday (June 18). “I have been meeting with the stakeholders for the past few ... Read More

Amansara South @ Setia Fontaines

Amansara South, also known as Precinct 1, is the first residential component in Setia Fontaines master-planned township development by SP Setia. Located in Bertam, Setia Fontaines has an estimated gross development value of RM13 billion, to be developed over the next 20 years. It comprises 16 residential precincts, 270 acres ... Read More