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SITE PROGRESS: Golden Gateway (Sept 2019)

About Golden Gateway An SME Industrial Park located on a 20.5 acre land at the southeast part of Batu Kawan. Strategically located off Jalan Perusahaan Valdor, just a mere minutes drive to Batu Kawan Industrial Park. It is only 5 minutes away from Penang Second Bridge. Comprises 54 units of semi-detached and ... Read More
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AFFORDABLE: Tanjung Bungah / BSG Property

A newly proposed affordable housing development by BSG Property at Tanjung Bungah. Strategically located within upscale neighbourhood, off Jalan Loh Poh Heng. It is adjacent to Hillview Garden and Concord Garden. It is only a mere minutes drive to Penang famous tourist belt of Batu Ferringhi. This development will see ... Read More
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All foreigners can buy unsold luxury homes

Zuraida Kamaruddin has reiterated that the Malaysia My Second Home (MM2H) programme for unsold luxury homes encompasses all foreign buyers and is not confined to purchasers from China. She said the campaign is to solve the glut of unsold luxury homes. "I have to set the record straight because the ... Read More
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Apartment units below RM300,000 dominate property overhang list

Condominium and apartment units priced between RM200,000 and RM300,000 dominate the list of property overhang in the country, mainly contributed by those in Perak and Kedah. Deputy Finance Minister Datuk Wira Amiruddin Hamzah said condominium and apartment units made up 43 per cent of the total property overhang in the ... Read More
Manokaran-Mottain

Property gains tax may be reduced

While the Real Property Gains Tax (RPGT) is not likely to be removed in the upcoming Budget 2020, Alliance Bank Malaysia Bhd expects the rate to be reduced amid the current lacklustre property market conditions. Group’s chief economist Manokaran Mottain said the current rate at 24% was slightly higher than ... Read More
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Sinaran Avenue @ Utropolis

Sinaran Avenue @ Utropolis is the third phase of 44.3-acre master-planned Utropolis development by Paramount Property at Batu Kawan, Penang. Strategically located along Bandar Cassia Expressway, about 5 minutes walk to Design Village outlet mall and KDU University College, the first intake of which will commerce Q1 next year. It is only 29km to the ... Read More
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The Official Launch of the Harmonious Lifestyle – Celesta Residency (21-22 Sept)

Celesta Residency is a modern and low density with 89 units condominium that exudes a high level of opulent sensation for those who seek for distinctive and luxury lifestyle. Filled with opulence in every aspect, Celesta Residency exudes great excellence in style fits for individuals and families that long for ... Read More
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Ideal Property Group to acquire 1st Avenue Mall for RM153m

Ideal United Bintang International Berhad (IUBIB) has announced to Bursa Malaysia its proposed acquisition of 1st Avenue Mall in George Town at RM153 million last week. The company’s subsidiary, I Homes Properties Sdn Bhd (IHomes), entered into a conditional sales and purchase agreement with 1st Avenue Mall Sdn Bhd (1AMSB) ... Read More
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Green City Residence

Greencity Residence, a luxury development in the heart of George Town by Green City Garden Development Sdn. Bhd. Strategically located on a half-acre land along Macalister Road, adjacent to the People's Movement Party headquarter building in Penang. It is only 2km away from KOMTAR, less than 15 minutes drive to Penang Bridge. This ... Read More
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Interview with CM: Will Penang mirror Singapore by 2030?

Penang Island is sometimes known to have some resemblance to Singapore. Both Penang Island and Singapore are separated from the mainland by a narrow strait with a lack of land for development. The government in both Penang Island and Singapore generally encounters similar challenges whenever there is a need to ... Read More