The federal government is studying the possibility to allow first-time home buyers to withdraw more money from their Employees Provident Fund (EPF) account to finance their affordable house purchases. "That is a very good suggestion," described Minister of Finance II Datuk Johari Abdul Ghani, as it could allow EPF members ... Read More

Matrix Concepts Holdings Bhd (MCHB) is the latest property developer to join the call for more incentives for first time buyers of affordable homes in the upcoming Budget 2017. Although the demand for affordable housing exceeds supply, difficulties in getting financing and unattractive locations have deterred many house buyers from ... Read More

Hunza Properties Bhd is undertaking RM1bil worth of projects in strategic locations on Penang island and in Seberang Prai, where the value of properties has risen steadily for the past five to six years. The projects now under construction are the RM600mil Alila 2 in Tanjung Bungah, and the RM400mil ... Read More

At the very centre of Penang's new CBD and Lifestyle Hub, Utropolis Batu Kawan is a 44.15-acre self-contained integrated development comprising offices, retail shops, residences, hotel and KDU Penang University College. The commercial component, comprises retail shops/offices,  will be opened for booking soon. Register for early bird preview now! Click ... Read More

At a recent property seminar organised by Asian Strategy & Leadership Institute, several developers and property consultants had a debate predicting when the property market will pick up. Real Estate and Housing Developers’ Association Malaysia (Rehda) patron Datuk Jeffrey Ng Tiong Lip reckoned the residential sector should recover next year ... Read More

Non-landed residential projects on Penang island have performed better than landed homes on the island in recent years. There were more non-landed residential projects that recorded a cumulative annual growth rate (CAGR) of above 20% from 1Q2012 to 1Q2016 compared with landed housing projects. Over on the mainland, however, the ... Read More

Affordable housing is one of the hottest topics in Penang property market these days. As of today, Penang has more than 38 affordable housing projects proposed, 16 out of which are opened for application and registration. The chart below shows the 5 most popular affordable housing projects in Penang, based on the ... Read More

Eco World Development Group Berhad (EcoWorld) launched four new projects concurrently under its EcoWorld’s Firsts campaign today. The campaign showcases two new projects in the Klang Valley which are Eco Grandeur and Eco Ardence, one project in Penang, namely Eco Bloom@EcoMeadows and Eco Business Park II (EBP II) in Iskandar ... Read More

A developer has failed in its bid via judicial review to set aside the stay order issued by the Penang Appeals Board on its high-rise project in Pykett Avenue here. A High Court here upheld the decision of the board in the issuance of a stay of implementation of planning ... Read More

Things have been quiet on the Penang primary property market so far, although the secondary market has seen some activity, albeit slower. “High-end products are struggling but properties below RM700,000 are still okay,” observes Raine & Horne International Zaki + Partners director Michael Geh when presenting the Penang Housing Property ... Read More