Found this interesting story by Henry Butcher Malaysia. Read on... :) When one mentions Penang, two thoughts usually come to mind: char kway teow (and the island’s assortment of street food), and high property prices. For both, thefocus lies mainly on George Town, the multicultural capital of the state, which ... Read More

The Malaysian-Anti Corruption Commission (MACC) probe into the controversial Penang undersea tunnel is focused on land swaps that were made for the feasibility and detailed design study which has yet to be completed. Sources said investigators are scouring documents involving two plots of land – Lot 702 and Lot 713 ... Read More

About 40 people claimed to have been cheated by irresponsible parties over the purchase of People's Housing Project (PPR) units, said Urban Wellbeing, Housing and Local Government Minister Tan Sri Noh Omar. He said the victims claimed to have purchased application forms from third parties at the price of between ... Read More

Penang has received approvals for two technical reports for the proposed Penang South Reclamation (PSR) project, which will involve building three islands. State Local Goverment Committee chairman Chow Kon Yeow said the Marine Department approved the Marine Risk Analysis report last Thursday. He said the report was related to safety ... Read More

Now that you have known the most popular projects in 2017, I believed you would be interested to know what are the most read news that atttracted Penangites throughout the year of 2017. The most exciting news in 2017 is the work on the alternative road linking Lebuhraya Thean Teik ... Read More

The most viewed project of 2017, according to Google Analytics data (up until 27/12/2017), is the review of Novus condominum at Sungai Nibong. This project is no doubt the most popular project in 2017 and has been sold out. In second place is The Tamarind executive apartment by E&O Property ... Read More

Despite the prevailing economic uncertainties, industrial property sales in Malaysia are expected to increase at a moderate pace next year, while the increase in value of transactions is projected to stay at a low single-digit percentage. According to Raine & Horne Malaysia senior partner Michael Geh, the projection was based ... Read More

The applications for the First House Deposit Financing Scheme or MyDeposit for next year will be opened from tomorrow (Dec 15) until Feb 15, 2018. Deputy Urban Wellbeing, Housing and Local Government Minister Datuk Halimah Mohamed Sadique said the public could register online at https://sprn.kpkt.gov.my. "At the tabling of the 2018 ... Read More

George Town in Penang and Johor Bahru in Johor were identified as some of the cheapest locations for expatriates in Asia, according to research by ECA International. The two cities join Mongolia’s capital Ulaanbaatar, Yangon (Myanmar) and Karachi (Pakistan) as some of the region’s most affordable cities. Meanwhile, Kuala Lumpur ... Read More

Some global property markets are overheated at the moment, but Malaysia certainly is not in the bubble territory. In those markets that are overheated, home prices are rising faster than salaries amid slow demand. There is also rising interest rates, and shaky loans become the norm. These are probably the ... Read More