Rising development costs are driving property prices upwards in Penang, but affordable housing schemes may help Penangnites own their dream home. Increasing economic development has driven up property prices in Penang, but the state government has taken measures to mitigate this and make affordable property accessible to Penangnites. Penang is ... Read More

Another proposed high-rise development by Palmex Industries Sdn. Bhd. in Sungai Ara, Penang. It is located off Persiaran Kelicap, next to the company's ongoing Stramax Residences gated and guarded housing scheme. This development comprises two blocks of 35-storey condominium with 320 residential units. More details to be available upon project launch. Project ... Read More

Bank Negara Malaysia (BNM) said a maximum loan tenure of 35 years is “more than sufficient” for borrowers to settle their housing loan by their retirement age. It said increasing the loan tenure will further add to the cost of financing without significant improvements in the affordability of the borrowers’ ... Read More

Due to the shortage of resources in the state, it is only rational for the state government to use reclaimed land to finance the infrastructure projects, according to two key business organisations in Penang. Real Estate & Housing Developers Association (Rehda) Penang chairman Datuk Jerry Chan said it was the ... Read More

REHDA Penang (Real Estate and Housing Developers' Association) members led by Chairman, Datuk Jerry Chan were in Komtar for a Transport Master Plan (TMP) briefing on 26 Feb . Chan congratulates the Penang state for coming up with a workable plan. He said, "It is a good plan. There is ... Read More

The proposed Penang LRT should go through more high-density areas, said Real Estate & Housing Developers Association Malaysia (Rehda) Penang branch deputy chairman Datuk Toh Chin Leong. He said this was to ensure that the mega project would not run at a loss. “Priority should be given to areas like ... Read More

A total of RM220mil will be spent on the new KDU Penang University College campus in Batu Kawan. Paramount Corporation Bhd Group chairman and executive director Datuk Teo Chiang Quan (pic) said the first phase on a 4ha site would be completed in 2018. “There would be another phase of ... Read More

The Gurney Wharf project has drawn a mixed reaction from the public. While some have given the thumbs up to the mammoth project, others remain cautious on the impact it would cause to the environment. Avid jogger and lawyer David Hoon said the project would definitely be a boon for joggers ... Read More

Quin, an upcoming mixed development by BSG Property in Bukit Gambier, Penang. It is part of the master planned development located on the quarry land along Jalan Bukit Gambier, adjacent to Minden Heights. The upcoming launch will consists of a 44-storey condominium with 487 residential units and 22 units of shop offices. Located next to i-Regency Condominium. Unit ... Read More

The second tower of The Tamarind executive apartments in Penang by Eastern & Oriental Bhd (E & O) is 80% sold since its launch in late-2015, the group said in a press statement. The Tamarind comprises two towers, which sit on a seven-acre plot of freehold land -- with 552 ... Read More