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Summary of incentives for homebuyers

For most Malaysians, buying a house is tough. A high upfront payment coupled with a life-long mortgage commitment can be daunting, so it makes sense to take any help you can get to lower the cost of owning a home. Besides the many freebies and promotional packages that property developers ... Read More

Residential Vacancy Rates: Property Overhang and Market Supply

By See Kok Loong Lately, there are several publications such as National Property Information Centre (NAPIC) published on Jan 2019 on the data for 3Q18, the number of unsold homes in Malaysia has reached a new high of 30,115 homes amounted to RM 19.54 billion. (The above figure is the ... Read More

Queens Island

Queens Island, a proposed development by Tropical Island Resort Sdn. Bhd. at Jerejak Island (Pulau Jerejak). Located off the eastern coast of Penang Island, approximately 80 acres land on the small island will be redeveloped into a world-class resort and residences. This is a joint venture development between Penang Development Corp ... Read More

Redefining condo living in Prai

GEMSTONES are a reflection of luxury and elegance. Rare and valuable, they sparkle and entice and have remained the desire of many since time immemorial. All these attributes and more are found in the architectural jewel that is GEM, a prestigious mixed development by the reputable Belleview Group. Located in ... Read More

Housing Integrated Data System to monitor affordable housing market

The Ministry of Housing and Local Government has established a Housing Integrated Data System to help it identify the demand for and supply of affordable housing nationwide. Its minister, Zuraida Kamaruddin told theSun that the ministry had encountered difficulties in obtaining information such as income levels by location and other ... Read More

Bayan Baru City Centre

Bayan Baru City Centre, a proposed mixed development by Ideal Property Group in Bayan Baru. Strategically located next to the intersection of Jalan Tengah and Jalan Mayang Pasir, near Pantai Hospital. This master planned development sits on a 16 acres land, comprises the land currently occupied by Giant Hypermarket and the adjacent vacant land. It ... Read More

Flat property market seen for Penang

The Penang property market is expected to remain flat yet resilient this year and could bottom out within the next two years. CBRE|WTW Research in its Real Estate Market Outlook 2019 says it will be a buyers’ market over the short term, particularly for residential properties. “Under the prevailing subdued ... Read More

Construction of Ayer Itam-LCE Expressway bypass to start on Aug 31

Construction of the 5.7km Ayer Itam-Tun Dr Lim Chong Eu (LCE) Expressway bypass, which would be part of the RM46 billion Penang Transport Master Plan (PTMP), will begin on Aug 31 this year, Penang Chief Minister Chow Kon Yeow (pictured) said yesterday night. He said the commencement of the by-pass ... Read More

Alma Signature

Alma Signature, an industrial park development by Golden Success Development Sdn. Bhd. at Alam in Bukit Mertajam. This is a joint venture project by GSD Land and DSG Group. Located next to Alma Light Industrial Park near Jalan Rozhan, surrounded by a matured neighborhood. It is just a mere drives ... Read More

Still no firm date for Penang tunnel construction

There is still no indication as to when construction work will start on the PenangUndersea Tunnel project, as the contractor is still waiting for the relevant land to be dredged. “We are supposed to start in March, but the Penang state government’s land is not ready. Until we receive the land ... Read More