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Property News

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KPKT now known as Ministry of Housing and Local Government

The Ministry of Local Government Development is now known as the Ministry of Housing and Local Government (KPKT). KPKT, in a statement today, said the name was amended based on the decision made during the Cabinet meeting on Dec 13, and it will be officially gazetted under the Ministerial Functions ... Read More
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SITE PROGRESS: Havana Beach Residences (Dec 2023)

About Havana Beach Residences Affordable housing development by Ideal Property Group at Bayan Lepas. Strategically located near Jalan Tun Dr. Awang, less than 2km away from Penang International Airport. It is about 5 minutes walking distance to  SMJK Heng Ee (Bayan Baru branch). Find out more about Havana Beach Residences Register your ... Read More
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Water tariff hike for Penang households

The state government is planning to impose a new water tariff for households in the state. Chief Minister Chow Kon Yeow said the state administration would submit an application to the Federal Government to increase the water tariff for households. "The state needs to impose a new water tariff as ... Read More
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Penang HOC 3.0+ extended until end of next year

The Penang government is committed to providing affordable homes through diverse schemes, assured Chief Minister Chow Kon Yeow. He announced an extension of the ‘Home Ownership Campaign’ to a new phase, termed ‘Home Ownership Campaign 3.0 Plus,’ from January 2024 to December 2024. He also highlighted a 10% reduction in ... Read More
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Penang Hill upper station upgrade nears completion

According to a news report in Buletin Mutiara, the Penang Hill Upper Station Upgrading Project (Phase Four) is on the cusp of completion, with the final touches expected to conclude next month. According to the Penang Hill Corporation (PHC) general manager, Datuk Cheok Lay Leng, the corporation aims to unveil ... Read More
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Relaxed MM2H program sparks optimism for property sector

The recent overhaul of Malaysia's My Second Home (MM2H) program, aimed at attracting a larger pool of foreign residents, has sparked optimism in the country's property sector. The three-tiered structure and updated financial requirements introduced by the Tourism, Arts, and Culture Ministry aim to make Malaysia an even more appealing ... Read More
ARES

PropertyGuru Asia Real Estate Summit 2023: Powering Communities

PropertyGuru Asia Real Estate Summit (ARES) 2023, the ninth edition of Southeast Asia's leading property technology company's thought leadership platform, recently concluded its highly anticipated event. With a focus on the theme "Powering Communities," the summit brought together over 400 global delegates for a hybrid conference, delving into the future ... Read More
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SITE PROGRESS: The Meg @ Andaman (Dec 2023)

About The Meg @ Andaman The first project in Andaman Island, the highly-anticipated prime reclaimed island of Seri Tanjung Pinang Phase 2A by E&O. Features two blocks of 27 and 34-storey serviced apartments with an estimated GDV of RM690 million. It comprises 1,020 residential units with innovative layouts designed to suit ... Read More
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Three-tier MM2H programme will be run as a trial for one year

The Tourism, Arts and Culture Ministry has unveiled a revamped version of the Malaysia My Second Home (MM2H) programme which now has three tiers – Silver, Gold and Platinum. Minister Datuk Seri Tiong King Sing (pic) said each tier will have specific eligibility requirements. The type of entry visa available ... Read More
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SITE PROGRESS: Mezzo @ The Light City (Dec 2023)

About Mezzo @ The Light City The first residential project at The Light City – a large-scale 32.76 acre integrated mixed-use waterfront development by  IJM Perennial Development in Gelugor, Penang. Strategically located next to The Light Collection, just a mere minutes drive from Penang Bridge and George Town. It comprises two 34-storey ... Read More