fbpx

Property News

site-progress-urban-suites-march-2021

SITE PROGRESS: Urban Suites (March 2021)

About Urban Suites A commercial property development by Aspen Vintage Sdn. Bhd. (Cosmopolitan Homes) in the established township of Jelutong.  It is easily accessible via Tun Dr Lim Chong Eu Expressway and surrounded by abundance of amenities. Urban Suites comprises two 42- storey towers, featuring 596 units of commercial suites. Find out more about Urban Suites Register your ... Read More
scientex-tasek-gelugor-show-unit-launch

Scientex Tasek Gelugor officially opened its show unit today

Scientex Tasek Gelugor, the first landed 2-storey affordable home with freehold title in Penang by Scientex has officially opened its show unit today. The opening of the show unit was officiated by the Chief Minister of Penang, Y.A.B. Tuan Chow Kon Yeow. Also present, Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo; The ... Read More
penang-hill-project

Penang Hill upper station upgrading project

The Penang Hill Corporation (PHC) has launched its Penang Hill Upper Station Upgrading Project (Phase Four) to provide better comfort to its visitors on the hill. The RM9.3 million project would comprise expanding the waiting halls and facilities at the Penang Hill upper station. PHC general manager Datuk Cheok Lay ... Read More
market-recovery (1)

Penang remains a buyers’ market

The Penang property sector is expected to see a modest recovery in 2021, with experts anticipating it to be a buyers’ market on the back of the ongoing vaccine rollout and various government incentives. Knight Frank Penang executive director Mark Saw says recovery of the residential sub-sector will depend on ... Read More
gurney-wharf-progress

First phase of Gurney Wharf open to public next year

Phase One of the RM176 million Gurney Wharf project is expected to be completed in the first half of 2022, Penang state exco Jagdeep Singh Deo said today. The Penang housing, local government and town and country planning committee chairman said phase one of the public park will be ready ... Read More
the-zen-site-progress-march2021-3

SITE PROGRESS: The Zen (March 2021)

About The Zen A mixed development by Asia Green at Bayan Mutiara. It is located next to Tun Dr. Lim Chong Eu Expressway, just a short drive away from the ongoing Penang World City township development by Tropicana Ivory. This development comprises a 46-storey skyscraper with two residential towers, and shop ... Read More
short-term-rental

JMB and MC need 75% approval from unit owners for short-term rental in stratified residential buildings

Short-term accommodation in stratified residential buildings in Penang can only be allowed when the Joint Management Body (JMB) or Management Corporation (MC) gets 75% approval from the unit owners. State Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo said JMB or MC would need to conduct an ... Read More
cmco

CMCO extended in Penang and 5 other states till March 31

The conditional movement-control order (CMCO) has been extended in Penang and five other states and FT until March 31, Senior Minister Ismail Sabri Yaakob said today. The other states are Johor, Selangor, KL, Kelantan and Sarawak, the defence minister told a press conference today. Inter-state travel still not allowed ... Read More
Zuraida_ampang_2

PR1MA ‘rent-to-own’ housing scheme to be launched in June

The rent-to-own (RTO) housing scheme as announced under Budget 2021 involving PR1MA homes nationwide is expected to be launched this June. Housing and Local Government Minister (KPKT) Datuk Zuraida Kamaruddin said the ministry is in the midst of discussions and refining on the housing scheme mechanism with banking institutions. “The RTO ... Read More
sunshine-residence-site-progress

SITE PROGRESS: Sunshine Residence (March 2021)

About Sunshine Residence A 39-storey serviced residence by Suiwah Group at Bandar Baru Air Itam. It is part of the Sunshine Central mixed development on the old Sunshine Farlim site, next to Farlim Square shop offices. Featuring 9 levels of commercial floors with car parking podium, office, hotel and residential towers. Find out more about Sunshine Residence Register ... Read More