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Property News

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State mulling rent-to-own scheme for Penangites

Penang CM wants to enable more Penang folk to have a roof over their heads. He feels that fresh graduates may not be able to afford a home as their incomes are not growing in proportion with housing prices. Hence, while the current low-cost and low-medium-cost housing schemes will still ... Read More
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We need more than just housing data to address housing issues

The United Nations Human Settlements Programme or UN-Habitat executive director, Maimunah Mohd Sharif’s passion for bringing change to people’s lives certainly shines through. As the first Asian lady to be appointed to the position, Maimunah who grew up in a kampung in Kuala Pilah, Negeri Sembilan, was previously the mayor of Penang Island ... Read More
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World Cup FINAL! Live screening @ Southbay, Penang

Catch the live screening of FIFA World Cup FINAL at Southbay Sales Gallery, Penang. Hosted by Mah Sing Group, featuring food trucks & many fun activities! Activities Highlight: Live Band Foosball Attack Tabletop Football Fever Kids Inflatable Food Trucks ... Read More
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Official opening of Batu Maung flyover (P10)

Motorists can look forward to breezier travelling along the newly upgraded 1.25km stretch from Batu Maung to Jalan Sultan Azlan Shah in Bayan Lepas, Penang. The RM123mil project includes the construction of a 650m four-lane flyover, upgrading of roads from the section in front of SK Batu Maung to Solok ... Read More
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Works on Ayer Itam – LCE Expressway bypass to start Q2 2019

Works on one of the three paired roads — the 5.7km Ayer Itam-Tun Dr Lim Chong Eu Expressway bypass — are expected to startat the beginning of the second quarter next year. Consortium Zenith Construction Sdn Bhd (CZC) senior executive director Datuk Zarul Ahmad Mohd Zulkifli said the groundbreaking ceremony was ... Read More
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Contribution cost for property developments in Penang

According to some property developers in the state, compliance cost has gone as high as RM460 psf but this has been reduced to RM390 psf earlier this year. Nevertheless, developers lament that the cost is still too high. Will compliance cost be reduced further? Chow admits that the Real Estate ... Read More
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Housing ministry, BNM to ease housing loan requirements

The Housing and Local Government Ministry is working with Bank Negara Malaysia (BNM) to ease housing loan requirements for home buyers, in a bid to reduce the number of unsold completed residential units in the country. Minister Zuraida Kamaruddin said the central bank is preparing guidelines to allow for the ... Read More
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Penang govt proposes city status for MPSP in Seberang Perai

The Penang government intends to apply to the federal government to upgrade the Seberang Perai Municipal Council (MPSP) to a city council. Penang Chief Minister Chow Kon Yeow said the state government had earlier wanted to apply for MPSP to be upgraded together with the Penang Municipal Council (MPPP) as ... Read More
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Hari Raya Open House @ Setia Sky Vista Gallery (7 July)

You are cordially invited to S P Setia's Hari Raya open house and the opening of the new Setia Sky Vista Sales Suites @ Lebuh Relau, Penang. Catch Alvin Chong & Nik Qistina's LIVE performance! For event inquiries, please call S P Setia at 04-6412255 / 010-393 8804. Date/Time 7 July ... Read More
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You are invited! Family Day @ Mont Residence – 8 July

You are cordially invited to Mont Residence's Family Day at Tanjung Tokong on 8 July, enjoy fun activities while experiencing the unique offering by this lifestyle condominium. RSVP to entitle for FREE GIFT (while stock last) Please Call: 016-458 8080 / 017-332 8382 RSVP here to receive your FREE GIFT ... Read More