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Property News

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Design Village Penang Grand Opening on 23 Nov 2016

* UPDATE: Design Village grand opening - 23 November 2016 @ 6PM * Design Village Penang – the northern state’s first premium outlet mall – aims to open by this November in time for the school holidays, said its general manager Tay Ai Leen. This is slightly earlier than its previous ... Read More
Figure 1: Property Indicator

Will 2016 fare better than 2015? What is the Opportunity vs the Risk?

* Article by Freemind Works * The year 2015 has seen significant highlights in the property market. The year started with the implementation of GST in April 2015. The predictions of frenzy buying before and after the GST did not come true. Majority of investors, instead, took a wait and ... Read More
KOMTAR, Macallum, Bdr Sri Pinang

Proposed LRT Stations – Bayan Lepas Line

Bayan Lepas LRT, the very first LRT line in Penang, will be about 30 km in length with 27 stations running from KOMTAR to the future reclaimed islands in the south. Besides passing through must-go-points at KOMTAR, Bayan Lepas FIZ and the Penang International Airport, the line will also serve established ... Read More
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MyDeposit scheme to help first home buyer

Prime Minister Datuk Seri Najib Razak Thursday announced the implementation of the First Home Financing Scheme (MyDeposit) as tabled in the 2016 Budget. He said the scheme was implemented to help the middle 40 per cent income bracket (M40) with household incomes of between RM3,000 and RM10,000. "(This scheme involves) ... Read More
bayan-lepas-lrt

Penang LRT – Bayan Lepas Line

The proposed Bayan Lepas Light Rail Transit Line will covers a distance of 30km and 27 stations. Of its 27 proposed stations, 19 are to be in Komtar, Macallum Street area, Bandar Sri Pinang, the future Sky Cab station, East Jelutong, The Light Waterfront, Gelugor, Universiti Sains Malaysia, Batu Uban, Pesta ... Read More
flyover-photo

Bayan Lepas Expressway (BLE) open today at 2PM

Motorist will be able to use the four-lane Bayan Lepas Expressway (BLE) in Penang from 2pm today. The elevated 3.2km-long dual carriage structure of the BLE connects motorists coming from Batu Maung to Sungai Nibong (Queensbay). In a press statement yesterday, the Public Works Department and UEM Builders Berhad advised ... Read More
STP

18 East at Andaman – Prime-location Resort Home with Full Range of Amenities

Penang, affectionately known as the Pearl of the Orient is a famed tourist destination blessed with long stretches of sandy beaches and lush hills of tropical rainforests. This natural haven is also rich in history and culture with its capital, George Town recognised as a UNESCO World Heritage Site and ... Read More
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MRCB’s Penang Sky Cab to begin construction in 1Q2018

Malaysian Resources Corp Bhd (MRCB)’s Penang Sky Cab, a 4.8km cable car system first mooted by the state government in March last year to connect mainland Penang in Butterworth and Jelutong in Penang Island, is expected to begin construction in the first quarter of 2018 (1Q2018). MRCB special project general ... Read More
Visitors swarming like bees at the tulip garden at the Eco Meadow sales gallery in Simpang Ampat, south Seberang Prai, Penang.

Springtime at the EcoWorld Gallery @ Eco Meadows

It is springtime at the EcoWorld Gallery @ Eco Meadows in Simpang Ampat, south Seberang Prai, Penang. A host of 16,888 colourful tulips are seen sprouting behind the showroom building in Jalan Paboi, not far from the Tambun toll plaza. Part of a promotion for the Eco Bloom project in ... Read More
Penang gross yield

Penang Housing Price Analysis by Raine & Horne

The Penang housing market will see houses on the secondary market and in new projects priced below RM450,000 hogging the limelight in the coming months, says Raine & Horne International Zaki + Partners director Michael Geh (pictured, below). However, the more pressing issue is the inordinately long delay in getting ... Read More