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The New Penang

On the night of 9 May 2018, a new Malaysia was born. Automatically, one very critical thought transpired in my mind. The property market in Penang will most likely have its reformation and almost guaranteed to have a facelift. For almost a decade, Penang has been aiming high, with many ... Read More

To those playing the waiting game in the property market: this is for you.

* Article by Freemen * The property market hit a low point last year where prices were dropping and transaction volume was low. While transaction volume fell, the value of the property did not; thus contributing to a market slowdown. Businessmen and investors are holding back in their investments as ... Read More

Undersea tunnel may be toll-free

Funding options for pending mega projects here may see a change now that Pakatan Harapan is the Federal Government. There is even a possibility that the proposed Penang Undersea Tunnel will be made toll-free to mirror the pre-election promise of making Penang Bridge toll-free. Incoming Chief Minister Chow Kon Yeow ... Read More

Marina Residences

Marina Residences, a low density development by Malvest Group at Butterworth Penang. Strategically located between Jalan Kampung Gajah and Butterworth Outer Ring Road, next to Vista Perdana apartment. It's only about 3km away from the upcoming Penang Sentral. This development comprises a 12-storey condominium offering 57 residential units with panoramic of ... Read More

There is GOOD NEWS for the Penang Property Market This Year!

* Article by Freemen * Penang has been having pretty good growth in a market that was supposedly facing a decline last year. Bad news is, they were still affected by the market slowdown last year and has yet to fully recover. Considering the slow market, the government has promised ... Read More

Metropol

Metropol, a mixed development by Ramana Property at Bandar Perda in Bukit Mertajam. It is located near Jalan Perda Utama roundabout, under 10 minutes drive from Penang bridge. Amenities such as schools, hypermarket, banks, shopping malls and eateries are only a few minutes drive away. This development comprises two 30 ... Read More

REHDA vs BNM on affordable housing

We came across these two interesting articles from Rehda and BNM, debating the situation of affordable housing in Malaysia. Read on to find out the story from both sides. REHDA: Overbuilding of affordable housing ‘quite severe’ The overbuilding of affordable housing is “quite severe” as many developers have shifted into ... Read More

UPCOMING: Raja Uda / Enlight Homes Sdn. Bhd.

Yet another proposed mixed development by Enlight Homes Sdn. Bhd. at Butterworth. Strategically located on an approximately 2-acre land near Jalan Raja Uda, fronting Jalan Ong Yi How. It is within walking distance to Econsave hypermarket, about 20 minutes drive to Penang Bridge. This development comprises a 14-storey commercial building, ... Read More

IKEA Batu Kawan – Progress Update (May 2018)

Check out the latest exclusive aerial video of IKEA Batu Kawan site to see just how much progress has been made. The construction is on track for opening in early next year. The upcoming IKEA store in Batu Kawan, Penang, has achieved an industrialised building system (IBS) score of 92.3, ... Read More

JPPH) National Property Information Center (Napic) director Md Badrul Hisham Awang.

Property market to stabilize as economy improves

The overall property market is expected to stabilise this year, underpinned by the improving Malaysian economy that had recorded 5.9% GDP growth last year, said Valuation and Property Services Department’s (JPPH) National Property Information Center (Napic) director Md Badrul Hisham Awang. “The property transaction volume and value are expected to ... Read More