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Property News

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Penang South Islands project to go on despite objections

Despite numerous objections from various parties, the Penang government will proceed with the Penang South Islands (PSI) project, formerly known as Penang South Reclamation (PSR) project. Chief Minister Chow Kon Yeow said it is not about choosing one or the other – referring to the PSI, the environment issue and ... Read More
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PKR assemblyman proposes master plan to upgrade kampungs in mainland Penang

Bukit Tengah assemblyman Gooi Hsiao Leung has proposed that the Seberang Perai City Council (MBSP) develops a master improvement plan for kampungs in the whole of Seberang Perai. The PKR assemblyman said the plan should include upgrading works to the physical conditions of the kampungs in Seberang Perai especially to ... Read More
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Unused commercial buildings away from housing schemes may be converted into worker dorms

Looking at the grave Covid-19 situation, the Penang government is ready to help expedite applications to turn vacant commercial buildings (away from housing schemes) into worker dormitories and also help expedite the application process to set up temporary worker dormitories at factory grounds. State Local Government, Housing, Town and Country and ... Read More
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Penang South Islands – IoT-Enabled Sustainable Smart City

The Malaysian state of Penang is fast becoming an IoT-Enabled Smart City modeled on the tenets of green living, strong ESG principles and sustainable economic momentum. Soon, it could be one of Southeast Asia’s hottest investment destinations. Central to that transformation is Penang South Islands (PSI). The three-island development will ... Read More
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Real estate company fined RM10,000 for operating during FMCO

According to Oriental Daily, a real estate agency operated during FMCO was reported by the public, and the company was fined RM10,000 for breaching movement control order. It is understood that the police received reports from the public that a real estate company in an office building at Gurney Drive was ... Read More
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10 most viewed Penang projects in early 2021 (Jan – May)

The pandemic is certainly changing the way we live, work and play. The sluggish property market sentiment may have resulted in many holding off buying a house but statistics proved that these home seekers have never stopped scouting for their dream home. Here are the 10 most viewed housing projects in Penang, ... Read More
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6 Penang private hospitals to start doling out vaccines next week

Six private hospitals in Penang will dole out Covid-19 vaccines with an additional four vaccination centres (PPVs) to be opened alongside in the near future. Chief minister Chow Kon Yeow said this would help the state achieve herd immunity by October. He said the private hospitals involved would be Lam ... Read More
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All loan borrowers with reduced income eligible for lower monthly instalments

Bank Negara Malaysia (BNM) yesterday reiterated that all loan borrowers who have suffered a drop in income, including salary, allowances, commissions and household incomes, are eligible for a reduction of monthly instalments according to the reduced income. In a series of tweets detailing the eligibility for reduction of monthly instalments, the ... Read More
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Entopia enters into hibernation till end-2021

Entopia by Penang Butterfly Farm has gone into ‘hibernation’. The management of corporation has decided that going into ‘hibernation’ was the best route to take during the ongoing Covid-19 pandemic. “We regret that the tourism and travel industry is being hit hard by the Covid-19 pandemic since the very beginning ... Read More
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EMCO to be enforced in 13 localities in Penang starting Friday (June 4)

The enhanced movement control order will be enforced in 13 localities around Pekan Bayan Lepas in Penang beginning June 4 after a spike in the number of Covid-19 cases. The affected areas are Sri Bayu, Bayu Tiara, Bayu Nyaman, Halaman Murni, Bayan Permai, Bayan Tiara, Taman Ara Indah, Kampung Bukit, ... Read More