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Property News

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Residential sector still being the main driver of the local property market

While the Covid-19 pandemic has shaken up the investment plans of property developers over the last year-and-a-half, the outlook of certain subsectors remains resilient and continue to attract focus. In a survey by Knight Frank on the investment outlook for Malaysia, it points out that a majority of developers and lenders ... Read More
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State government to allocate RM192k for repair works at Sri Saujana Apartment under TPM80PP

Penang government will continue to carry out maintenance works in all eligible public and private housing schemes in the state. This assurance was given by state Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo after he had announced the state government’s financial assistance for the upgrading ... Read More
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MBPP issued stop-work orders on five construction sites due to Covid-19

Factories and construction sites in Penang have contributed a major portion of Covid-19 cases in the state, says state Housing, Local Government and Town and Country Planning Committee chairman, Jagdeep Singh Deo. He said the local enforcement authorities have been constantly monitoring the premises throughout the state and taking firm ... Read More
penang properties

Beware of illegal brokers, says real estate associations

Real estate associations are urging the public to beware of illegal brokers under the guise of technology and innovation. The associations consisted of The Royal Institution of Surveyors Malaysia (RISM), The Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS), Malaysian Muslim Real ... Read More
psi-phase

PSI project on hold after fisher folk win appeal, Penang may file judicial review against the decision

The Penang government may apply for a judicial review against the Appeal Board’s decision earlier today that cancelled approval of the Environmental Impact Assessment (EIA) of its ambitious sea reclamation to build three artificial islands. State executive councillor Zairil Khir Johari said the state will consider using this legal option ... Read More
walk-in-vaccination

Walk-in vaccinations at 10 Penang PPVs from tomorrow

Penangites can walk in to get vaccinated at 10 selected locations across the state from tomorrow, as the state ramps up vaccination to stem the growing number of cases there. The walk-in is available for locals aged above 18 and citizens who have yet to register or receive appointment dates ... Read More
landed-property

Malaysia’s home purchases plunge in Q1

Local residential property transactions plunged 44.7 per cent year-on-year (YoY) for the first quarter (Q1) of 2021, according to PropertyGuru DataSense. In its latest property market update report, the data analytics and solutions arm of PropertyGuru said this was due to worries over a resurgence in Covid-19 cases and softer ... Read More
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MBPP to issue RFP for Teluk Kumbar affordable housing and market complex projects

The Penang Island City Council (MBPP) will call for Request For Proposal (RFP) through build-operate-transfer (BOT) arrangement for a public market complex and an affordable housing project in Teluk Kumbar. MBPP councillor Abdul Latif Mohamad, who is the council’s alternate chairman for housing development, said the RFP is for the planning, ... Read More
M Vista FB Ads OCT

M Vista – Limited units with fantastic views!

M Vista is a low-density development in Penang Island, featuring only 237 units of spacious homes with spectacular views.  Strategically located just a mere minutes drive from Penang’s Second Bridge, about a 10-minute drive from Queensbay Mall and Penang International Airport. Hurry, grab a unit before it is sold out! Enjoy grand views and all ... Read More
discount-affordable-housing

10% discount if you buy affordable housing during pandemic

Until 30 June 2022, those who are eligible to buy affordable housing (RMM) in Penang Island and Seberang Perai will enjoy a 10% reduction in selling price. Elaborating further, state Housing, Town, Country Planning and Local Government Committee chairman Jagdeep Singh Deo said that State Government implemented the Home Ownership Campaign (HOC) with the ... Read More