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Property News

Source: Google streetview

Penang electrical and electronic shops, laundrettes to open for business starting today

Penang has decided to allow electrical and electronic shops, along with full-service laundry shops in the state to reopen from tomorrow onwards, Penang Chief Minister Chow Kon Yeow announced today. He said these sectors have applied and obtained approval from the Ministry of International Trade and Industry (Miti) to reopen ... Read More
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Covid-19 crisis forces Penang to review PSP & Penang 2030 vision

The Penang government will review the Penang Structure Plan (PSP) 2030 and Penang 2030 vision as it grapples with fallout from the Covid-19 pandemic. State Local Government, Housing Development and Town and Country Planning Committee chairman Jagdeep Singh Deo said that both documents are crucial to map out the future ... Read More
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Residential property prices to surge after COVID-19

Residential property prices are expected to surge in 2021 after stalling this year due to the Covid-19 pandemic, according to a nationwide study by real estate sales and media company Juwai IQI. In its Q1 2020 Property Index and Survey for Malaysia, Juwai IQI predicted that residential property prices would ... Read More
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After 4 days without new cases, Penang hopeful of green zone status

After four days without new Covid-19 cases, the Penang government is hopeful the whole state could be declared a green zone state by April 27 if no new cases are reported in all of its districts for 14 days. Seberang Perai Selatan could be the first district to be a ... Read More
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Penang can be green states if no new Covid-19 cases in 14 days

Kedah, Perlis and Penang can be the first states in the country to be declared as Covid-19 green states, according to Health Ministry director-general Dr Noor Hisham Abdullah in a Malaysiakini report yesterday. However, there is a catch to it. According to Noor Hisham, the three northern states would have ... Read More
Property prices expected to drop by as much as 20% following Covid-19

Property prices expected to drop by as much as 20% following Covid-19

Property prices are expected to decline by as much as 20% in the next few months with more motivated sellers, as the impact of Covid-19 continues to unfold. During the online Asean Real Estate Forum, Malaysian Institute of Estate Agents (MIEA) president Lim Boon Ping said that the Malaysian real ... Read More
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Penang police warn of stricter enforcement during MCO 3

"From now on, we will be very strict in our checks. "We will ask for every single detail such as their address and such until we are satisfied. “There is no reason for someone from Farlim to come all the way to Jelutong just to get food. Aren’t there any ... Read More
MIEA warns public to beware of property scams

MIEA warns public to beware of property scams

The Malaysian Institute of Estate Agents (MIEA) is advising the public to be cautious in buying and selling properties during the Movement Control Order (MCO) period to avoid falling prey to scams. MIEA noted that amid the MCO, the majority of Malaysians who are keen to buy or sell property ... Read More
Brief caption:  P10 flyover at Jalan Permatang Damar Laut, Penang..

Pix by Gary Chen/ The Star/ 6 July 2018.

Jalan Sultan Azlan Shah flyover closed to Bayan Lepas-bound traffic from Monday (April 13)

The flyover along Jalan Sultan Azlan Shah here will be closed to traffic from George Town heading to Bayan Lepas from Monday (April 13) following the extension of the movement control order (MCO). Southwest district OCPD Supt A. Anbalagan said the closure was meant to limit public movement and at ... Read More
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How cash-rich make money from property in virus crisis

Tang and Ng (not their real names) entered into separate sale and purchase agreements last month, paying 10% as deposit to buy a house each in Petaling Jaya and Puchong. The properties were priced at RM1.8 million and RM900,000. Tang paid RM180,000 while Ng paid RM90,000. However, both instructed their ... Read More