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UPCOMING: Air Itam / Focal Products Sdn. Bhd.

A newly proposed residential development by Focal Products Sdn. Bhd. at Air Itam, Penang. Located at the intersection of Jalan Teochew Satu and Jalan Thean Teik, next to Hui Aun Apartment. It is only 1km away from Sunshine Farlim. The proposed development consists of two 30-storey residential blocks, offering 601 condominium units with 6-level ... Read More

Penang undersea tunnel project to continue

The proposed Penang undersea tunnel project will continue and is in its final stage of feasibility study, says Chief Minister Chow Kon Yeow. He said the state government's technical consultant, HSSI Sdn Bhd, has reviewed the study prepared by Consortium Zenith Construction Sdn Bhd (CZC). “The review on the draft ... Read More

PSR and PTMP included in Penang Structure Plan 2030

The controversial Penang Transport Master Plan (PTMP) and Penang South Reclamation (PSR) project were included as part of the draft Penang Structure Plan 2030 (PSP2030) which is now in the process of being gazetted, the state legislative assembly was told today. State exco Jagdeep Singh Deo (DAP - Datuk Keramat) ... Read More

20 Most Active Projects in Penang (Jan – Apr 2019)

It’s been a while since we last posted the most active projects. Many people have been asking how is the property market sentiment in Penang with all the negativity around the residential overhang situation. According to our web traffic analytics, PenangPropertyTalk.com has recorded an increase of approximately 15% in pageviews ... Read More

PR1MA housing may be dissolved

The future of the 1Malaysia People’s Housing (PR1MA) depends on the outcome of its due diligence and turnaround plan, said chairman Tan Sri Eddy Chen. "We are working on a turnaround plan. Whether PR1MA will move forward or not, much depends on this turnaround plan," he told press at an ... Read More

Penang to study Airbnb woes before legalising them

How other cities worldwide tackle their Airbnb problems are being studied to see if the home-sharing business could be legalised or regulated in Penang. The office of the Penang State Exco for Tourism Development, Arts, Culture and Heritage (Petach) is studying their policies to tackle the issue of residential home ... Read More

Cable stay bridge for Pan Island Link 1

Part of the highway under the Pan Island Link 1 (PIL 1) project that would pass through the City Park in George Town, Penang, will be in the form of a 250m-long cable stay bridge. Chief Minister Chow Kon Yeow said studies had shown that such a design would have ... Read More

10% drop in unsold residential properties in Penang

Malaysia has recorded a total of 32,313 units of unsold completed residential properties in 2018 valued at about RM19.8 billion. This is a 30.6% increase from 24,738 units recorded in 2017, according to the National Property Information Centre’s (Napic) Property Market Status Report for 2018. The highest number of unsold ... Read More

Botanica.CT Redefines Better Living in Balik Pulau

Located in southwest district of Penang island, Botanica.CT is a self-sustaining 300-acre garden township development by MTT Properties Sdn. Bhd. in Balik Pulau. Once being known as a home to an aging population, Balik Pulau has embraced urbanization in the past few years with modern amenities mushrooming within the vicinity ... Read More

Refer to Finance Ministry if home loan application rejected

Action will be taken against banks who “deliberately” do not give out housing loans to those who are eligible or who fulfill the criteria. “If you have difficulty getting loans, refer to MoF (Ministry of Finance),” advised Finance Minister Lim Guan Eng, telling homebuyers to escalate their grievances to the ... Read More