More than 1,500 acres (607ha) of sea land off Permatang Damar Laut near Bayan Lepas have been identified for the proposed reclamation that forms part of the land-swap deal with SRS Consortium, the project delivery partner (PDP), for the RM27 billion Penang Transport Master Plan (TMP). This confirmed rumours circulating ... Read More

The extraordinary boom in the property market in Malaysia is ending but high house prices and the middle-class obsession with home ownership are likely to persist for a long time to come. Data from the National Property Information Centre’s (Napic) First Half Property Market Report shows that during the first ... Read More

The Association of Banks in Malaysia (ABM) says first time home buyers who are eligible will continue to be able to obtain financing. It explained that it was crucial for these buyers to also recognise the need to make sound decisions of their own affordability based on their financial circumstances ... Read More

Fresh graduates feel compelled to buy property quickly because they fear prices will soon outpace the growth of their income, said Khazanah Research Institute director of research Dr Suraya Ismail. “Young people used to rent for 10 years before deciding to buy a home. However, graduates today rush to buy ... Read More

A proposed mixed residential development by OHM Group at Hye Keat Estate in Air Itam. It is strategically located along Lehuh Khoo Hye Keat, just a short drives away from Air Itam roundabout. This strata development comprises a 31-storey condominium with 88 units of luxury residences and 6 units of ... Read More

Eligible Penangites should start applying for affordable housing because developers may not carry out more of such projects. State Housing Committee chairman Jagdeep Singh Deo said the profit margin of affordable housing projects was only about 20% and it was not considered lucrative for developers. “We are grateful to Penang ... Read More

Penang’s property market is expected to stay resilient on the back of sustained demand, especially from Penangites working abroad planning to return and prospective retirees eyeing homes in the state. “There has been a slowdown in the last year. There are a few categories of investors in Penang; those who ... Read More

SimpliCity 360, an upcoming guarded residential development by Charterway Properties Group in Bukit Minyak Penang. It is only 5 minutes drive to True Light primary school and 10 minutes away from AEON Big hypermarket. This project comprises 56 units of 2-storey terrace houses with two types of layout to choose ... Read More

Buying your first home is never an easy decision. Not only it is most people’s biggest financial commitment, it can also be time-consuming and frustrating. One of the most common question asked by first time home buyer is when will be the best time to buy a property in Penang ... Read More

The Penang government and Bank Negara will hold a workshop early next month to discuss the state housing policy following a fruitful meeting between the two parties. State Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said that during the meeting recently, Bank Negara had shared the criteria ... Read More