A law, which among others aims to address issues of racial discrimination in the property market, would be tabled in Parliament early next year, says Zuraida Kamaruddin. Bernama quoted the Housing and Local Government Minister as saying that the law, known as the Residential Tenancy Act (RTA), was still being ... Read More

About Imperial Grande A mixed development by Modular Platinum Sdn. Bhd. (Ideal Property Group) in Sungai Ara, Penang. It is located along Jalan Fettes, surrounded by Iconic Skies, Gardens Ville and Imperial Residence. This development will offer a mix of landed and high-rise properties, with 2 level of shop offices ... Read More

The loan repayment flexibility will be opened for application from Aug 7, 2020, Bank Negara Malaysia (BNM) (pictured) announced yesterday. In its media statement after Prime Minister Tan Sri Muhyiddin Yassin’s announcement yesterday concerning the extension of loan repayment moratorium, BNM noted that it has told banks to deliver a simplified ... Read More

The Penang government is unperturbed by the latest announcement from the Federal Government to only consider the expansion and upgrading of the Penang International Airport (PIA) after the National Airports Strategic Plan (NASP) study has been finalised. Chief Minister Chow Kon Yeow said the Penang government was still interested in ... Read More

Effective from 28 July 2020, RPGT exemption will be given to Malaysians for the disposal of residential homes before Dec 31 next year ... Read More

Harnessing its natural assets, the Seberang Perai City Council (MBSP) has created a tranquil green space by the sea called Robina Eco Park which it hopes will stimulate domestic tourism. Better known as Taman Rekreasi Pantai Robina, the MBSP has spent RM1,464,000 to upgrade and reinvigorate the area fronting the Penang ... Read More

The proposed Real Property Gains Tax (RPGT) exemption for Malaysian property owners has caused confusion among those intending to sell their property as the new rates have yet to be gazetted. National House Buyers Association (HBA) honorary secretary-general Datuk Chang Kim Loong said because of this, property sellers were not able ... Read More

The Government through the National Economic Recovery Plan (Penjana) 2020 has lined up several initiatives to rejuvenate the property market and address the lack of affordable housing particularly for the youth. According to the Ministry of Housing and Local Government, the initiatives included home ownership campaign (HOC) 2020 whereby housing ... Read More

Penang has again topped the list of approved manufacturing foreign direct investments (FDI) for the first quarter of this year (1Q2020). The state recorded a promising RM6.8 billion in approved manufacturing FDI for the period of January to March this year. Last year (the entire year), Penang took pole position in ... Read More

The outlook of the property sector remains challenging for the next one year with most developers still assessing the economic situation and deliberating whether to continue or defer future launches. AmResearch said this in a report to clients adding that it believed that consumer sentiment remains weak for the time ... Read More