Property News

First-time house buyers to continue enjoying stamp duty exemption
First-time house buyers will continue to enjoy a 100 per cent stamp duty exemption for purchases not exceeding RM500,000 via the Malaysian Home Ownership Initiative (i-Miliki) as provided for under Budget 2023, said the Finance Ministry (MoF). It said a 75 per cent stamp duty exemption will also be given ... Read More

SITE PROGRESS: Celesta Residency (Jun 2023)
About Celesta Residency Mixed development by Red Blue Development Sdn. Bhd. (TGB Group) in the established township of Sungai Nibong. Strategically located along Jalan Sultan Azlan Shah, diagonally opposite three public schools, namely SRJK(C) Kwang Hwa, SRJK(C) Shih Chung and SMK Sungai Nibong. It features a mix of residential and ... Read More

Ikano Centres Enhances Community Offers at Klippa Shopping Centre in Batu Kawan
Ikano Centres, a leading retail developer, is delighted to announce the highly anticipated opening of two major additions at Klippa, located in Batu Kawan’s growing township in Penang. Joining the retail line-up is a petrol station, to be operated by Caltex, and mainland Penang’s first Decathlon store which will further ... Read More

The Millennia expands affordable units to cater growing demand
The Penang Housing Board's first affordable housing project, The Millennia, is expanding to meet the growing demand for affordable housing in Penang. Originally planned to consist of 1,197 units, the project will now provide a total of 1,260 units. The revised plan includes 300 low medium-cost units, measuring 705 square feet ... Read More

SITE PROGRESS: Sunshine Residence (Jun 2023)
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. (Photo taken in May 2023) Find out ... Read More

SlimHaus Technology launches its new IBS manufacturing facility in Penang
SlimHaus Technology Sdn Bhd has taken a significant step forward in the industrialized building system (IBS) sector with the opening of its first manufacturing facility in Valdor, Seberang Perai. With an investment of RM18 million, the 35,000 square feet facility is dedicated to the production of IBS steel frames, modular ... Read More

ESCAPE Penang ranks third among top asian theme parks
ESCAPE Penang, located in Teluk Bahang, has achieved a significant milestone by being named the third top-rated theme park in Asia by TripAdvisor's Travelers Choice 2022. This recognition sets ESCAPE Penang apart from major global theme park brands in the region. TripAdvisor, the world's largest travel guidance platform, aggregates reviews ... Read More

SITE PROGRESS: Sinaran Residences (May 2023)
About Sinaran Residences @ Utropolis The residential component in the third phase of Utropolis development by Paramount Property at Batu Kawan, Penang. It is strategically located along Bandar Cassia Expressway, with walking access to Design Village outlet mall and UOW MALAYSIA KDU Penang University College. Driving to Penang International Airport will ... Read More

Upcoming Bayan Lepas LRT line will now stretch from airport to Tanjung Bungah
Penang's Light Rail Transit (LRT) project is set to undergo significant changes as Phase 1 of the plan, originally intended to connect Penang International Airport (PIA) to Komtar, will now be extended all the way to Tanjung Bungah. The decision to expand the route was made by MRT Corp after ... Read More

Penang govt urges tourists to choose licensed facilities over banned short-term rentals
The Penang government is strongly encouraging tourists to stay at licensed premises over banned short-term rental (STR) accommodations, according to Chief Minister Chow Kon Yeow. He said Penang has enough facilities, from star-rated hotels to heritage hotels, homestays and service apartments, to accommodate different types of tourists. “We encourage tourists to ... Read More
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