fbpx

Property News

gem-residences-site-progress-apr2022-1

SITE PROGRESS: GEM Residences (Apr 2022)

About GEM Residences GEM Residences, a commercial development by Belleview Group at Prai, Penang. It is part of the company's 6 hectares mixed development along Jalan Baru, diagonally opposite Megamall Penang. Next to it will be the upcoming largest mall in the northern region - GEM Mall, the tenant mix include ... Read More
suria2-batu-kawan

Suria 2 affordable housing project at Batu Kawan to begin construction works soon

The Penang government today announced that the Penang Development Corporation’s (PDC) latest affordable housing project in Batu Kawan, called Suria 2, will have its construction works begin in Dec this year. Suria 2, which will cover 7.48 acres of total land size, is part of the 25 phases planned under the ... Read More
landed-property

House ownership remains a major concern for Malaysian youths

House ownership remains among the top concerns for youths according to the first edition of the Youth Aspiration Manifesto Survey. The three-part survey carried out by Architects of Diversity (AOD) in collaboration with Undi18 and UndiNegaraku comprised 3,089 respondents aged 18-30 nationwide. AOD co-founder Jason Wee said the findings showed ... Read More
tpm80pp-continue

Penang to continue with the TPM80PP maintenance scheme for public and private housing

Penang government has spent a total of RM297.57 million involving 32,582 maintenance works at both the public and private housing schemes from 2008 until April 1 this year. State Local Government, Housing, Town, and Country Planning Committee chairman Jagdeep Singh Deo said the state had spent a total of RM52.59 ... Read More
market-recovery (1)

Residential overhang due to poor project planning and research by property developers?

Is the country's residential overhang the result of inadequate project planning and research by property developers? "Some properties are just not cleverly developed," said Chan Ai Cheng, president of the Malaysian Institute of Estate Agents (MIEA). She claimed that this resulted in low demand for such properties and had nothing ... Read More
Tanjung Pinang

MIEA: Property market to recover in 2022 with renewed consumer confidence

A strong recovery in 2021 from 2020 has signalled a return of consumer confidence and an improved property market this year, said the Malaysian Institute of Estate Agents (MIEA). In a statement today, MIEA president Chan Ai Cheng said that more importantly, the public must take heed of the fact ... Read More
undersea-tunnel-illustration-1024x615

Penang tunnel must be at least 23m under seabed

If there is to be a tunnel under the sea between the Penang island and the mainland, it needs to be at least 23m beneath the seabed – almost equal to the height of a seven-storey building. This is among the critical technical considerations to ensure the port’s growth if ... Read More
penang-housing

BNM: Housing market activity improves heading into 2022

Some improvements in housing market activity are visible heading into 2022, although the number of unsold houses remained high at 180,702 units in the third quarter (Q3) of 2021. Disruptions caused by the pandemic partly contributed to the slower clearance of unsold housing stock despite ongoing home purchase incentives, said ... Read More
havana-beach-residences-site-progress-mar-2022-2

SITE PROGRESS: Havana Beach Residences (Mar 2022)

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
pg-ferry-terminal-upgrade

Penang’s ferry terminals upgrade to be completed by August

The project to upgrade the two ferry terminals in Penang will be completed in August and will have airport-like facilities as well as cater to persons with disabilities (PwD). Penang Port Commission (PPC ) chairman Datuk Tan Teik Cheng said the upgrading works at the Pangkalan Sultan Abdul Halim (PSAH) ... Read More