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Property News

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SITE PROGRESS: Wellspring Residences (Oct 2021)

About Wellspring Residences A high-rise residential development by Airmas Group in Butterworth. Located near Jalan Telaga Air, next to Telaga Emas Apartment by the same company. It is about 500 meters away from the ever-bustling Jalan Raja Uda, and only a 5 minutes drive to Penang Sentral. This development comprises a 21-storey condominium, featuring 144 ... Read More
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MBSP and Think City sign MoU to create ‘20-Minute City’

One day, pedestrians or those cycling from one location to another around the city of Seberang Perai may only take less than 20 minutes, such as Melbourne (Australia) and several other famous cities in the world. This was mentioned by the Mayor of Seberang Perai City Council (MBSP), Dato 'Sr. Rozali ... Read More
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Five-year plan RMMPg aims to supply 7,838 units of affordable homes

The Penang Housing Board has rebranded its five-year Penang Housing Board Development Master Plan for the year 2021 to 2025. Penang Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the five-year master plan would now be named as Rumah Mampu Milik Penang (RMMPg). In a media ... Read More
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HOC may extend to secondary housing market

The government may extend the Home Ownership Campaign (HOC) benefits to the secondary market, the National Property Information Centre (Napic) said. It may also freeze the development of stratified buildings to resolve the overhang in the various segments of the property market. The HOC benefits include substantial savings in stamp ... Read More
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REHDA: More measures needed to help property sector

The government, through the Housing and Local Government Ministry, has been doing an admirable job of trying to make the housing delivery system as smooth as possible to ensure that the people would have access to affordable homes. However, this has not been an easy task to undertake as housing ... Read More
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SITE PROGRESS: TreeO (Oct 2021)

About TreeO Affordable housing development by Hunza’s wholly-owned unit, Diamaward (M) Sdn Bhd, at Sungai Ara. It is located next to Taman Sungai Ara, about 1.5km away from SJK(C) Chong Cheng. This development comprises three 49-storey towers offering a total 1,240 affordable units. Find out more about TreeO Register your interest here to ... Read More
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Penang maintains the prices of LC and LMC

The Penang government will not be raising the prices of low-cost (LC) and low medium-cost (LMC) units in the state. State Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the LC unit in Penang is priced at RM42,000 while LMC unit is priced at RM72,500. “Some ... Read More
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Interstate travel allowed from tomorrow

The government has agreed to allow interstate travel from tomorrow, Prime Minister Datuk Seri Ismail Sabri Yaakob said. He said this is after the COVID-19 vaccination rate of the adult population in the country hit 90 percent. “The government has agreed to allow Keluarga Malaysia (Malaysian Family) who are fully vaccinated to ... Read More
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Penang proposes 7 major infrastructure projects to be included in Budget 2022

The proposal of seven major infrastructure projects involving various industries was presented in a briefing session with the Minister of Finance, Tengku Datuk Seri Zafrul Tengku Abdul Aziz in conjunction with the preparation of the 2022 Budget. Tengku Zafrul said he took note of all the proposals submitted by the Penang ... Read More
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Government relaxes rules for existing MM2H holders

The government has eased up on the new rules for Malaysia My Second Home (MM2H) programme, with those already enrolled needing to only comply with two of the 10 new requirements. Home minister Hamzah Zainudin said existing MM2H programme holders would not be tied to the new conditions, except for ... Read More