fbpx

Property News

queens-residence-may2020-7

SITE PROGRESS: Queens Residences (May 2020)

About Queens Residences Luxury waterfront development by Ideal Property Group at Bayan Bay with gross development value (GDV) of RM600mil. This development is located in front of BayStar Condominium, just stone’s throw away from Queensbay Mall. Find out more about Queens Residences ... Read More
valdor-bridge

Bridge to Batu Kawan will open in July

The construction works of the bridge in Valdor, connecting Bukit Tambun and Batu Kawan industrial areas, are scheduled to complete next month. Chief Minister Chow Kon Yeow said the bridge would be open in July. “The bridge is an infrastructure that can help to spur future economic growth and development in ... Read More
gbs-one-mahsuri-1

GBS@Mahsuri expected to be completed by September

The office space in the new GBS@Mahsuri has been fully snapped up by tenants. Penang Development Corporation (PDC) general manager Datuk Mohd Bazid Abdul Kahar said the construction works of the two-storey 80,000 sqft building would be completed in September this year. “It was initially scheduled to complete in April ... Read More
PIA Expansion delayed

Penang airport expansion likely delayed by a year

Chief Minister Chow Kon Yeow says the planned expansion of the Penang International Airport (PIA) might be delayed by six months to a year due to the Covid-19 outbreak and faltering airline industry. Speaking in a press conference at the airport, he said the expansion work was supposed to begin ... Read More
make-money-from-property

Government likely to reintroduce HOC

The government is expected to bring back the Home Ownership Campaign (HOC) as part of the country’s economic recovery plan in the second half of the year. The proposal to reintroduce the HOC was made following meetings involving the Ministry of Housing and Local Government (KPKT), the Ministry of Finance ... Read More
penang-bay-project

The Penang Bay International Ideas Competition to be held by September

The Penang Bay International Ideas Competition will proceed and is scheduled to be held by September this year. Penang Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the date of the competition was shifted due to the Covid-19 crisis. “Nevertheless, the competition will go on ... Read More
5-blocks-foreign-workers-hostel-artist-impression

Upcoming worker’s hostel at Penang Science Park

Proposed 684-room worker's hostel at Penang Science Park North in Bukit Minyak by Biopolis Resources Sdn. Bhd. in collaboration with PDC. Located adjacent to JLL Malaysia Sdn. Bhd., just a stone's throw away from Ibiden Electronic Malaysia. This development will see the construction of five hostel blocks, with a total ... Read More
filepic

Developers fine-tune strategies to attract buyers

During these challenging times of the coronavirus, developers have fine-tuned their marketing strategies in ways that can be very tempting for the potential house buyer. It is no longer as straightforward as, say, a decade ago where this is the price, this is down payment, and here is the loan amount ... Read More
view-from-komtar

Not OK to waive maintenance fees in light of Covid-19

Many strata property owners may have sought waivers or discounts on maintenance fees since the Covid-19 outbreak and the ensuing Movement Control Order (MCO) period but such fee waivers and discounts are not viable as any adjustments in fee collection or sinking funds will need the approval of property owners ... Read More
Federal Court: Single rate of maintenance fees for all the parcels in the project.

Federal Court: Single rate of maintenance fees for all the parcels in the project.

The Federal Court has today rejected an application for leave to appeal against the Court of Appeal’s (COA) decision in the Menara Rajawali case. The COA had decided on Oct 4, 2019 that the Joint Management Body (JMB) of the mixed development is required to fix a single rate of ... Read More