The Penang government has initiated the pre-qualification process for the Bayan Lepas Light Rail Transit’s Request for Proposal exercise. Chief Minister Chow Kon Yeow said interested corporations that are shortlisted following the pre-qualification process would be invited to participate in the Request for Proposal (RFP) for the Bayan Lepas LRT scheme ... Read More

The Housing and Local Government Ministry (KPKT) is developing an Affordable Housing Price Index for each location nationwide as a guide for developers, prospective buyers and local authorities to determine the appropriate price of affordable housing in an area or locality. Its minister, Datuk Seri Reezal Merican Naina Merican said ... Read More

RHB Investment Bank Research (RHB IB) said the stamp duty waiver announced by the government will have minimal impact on the overall property market. In a note on Monday (July 18), the research house said ongoing market headwinds such as rising inflationary pressure and weakening of the ringgit continue to ... Read More

About Lucerne Residences The final phase of residential development by Ideal Property Group at Ideal Vision Park in Bayan Lepas. It is just a short drive to Penang International Airport, 10 minutes walking distance to Straits International School. The project will see two blocks of 36-storey skyscrapers featuring a European living concept. It offers 480 ... Read More

First-time homebuyers will get a stamp duty exemption on the instrument of transfer and loan agreement under the Keluarga Malaysia Home Ownership Initiative (i-MILIKI), says Datuk Seri Ismail Sabri Yaakob. The Prime Minister said homes valued at RM500,000 and below will get a 100% exemption, while properties over RM500,000 to ... Read More

The 2022 PropertyGuru Asia Awards Malaysia in partnership with iProperty.com.my, the hallmark of excellence in Malaysian real estate, has launched the voting period for the People’s Choice Awards, where consumers can choose their most trusted and preferred real estate developers. Malaysia’s top two leading property portals this year launched the ... Read More

Following a tradition, the new committee of the Real Estate and Housing Developers’ Association Malaysia (Rehda) Penang paid a courtesy call on Chief Minister Chow Kon Yeow in Komtar yesterday. The Rehda Penang delegation, led by its chairman Khoo Teck Chong, comprised immediate past chairman Tan Hun Beng, recent past chairman ... Read More

The construction work on the most-awaited and biggest sports centre in the south Seberang Perai (SPS) district, known as Nibong Tebal Arena, is expected to be completed by the first quarter of next year. Chief Minister Chow Kon Yeow said the work on the project started in August last year. “As ... Read More

About Sunshine Central A re-development of the old Sunshine Farlim site into a new commercial complex with business hotel and serviced residence. The entire project will be over 3.7mil sq ft of gross area, spread over three blocks of 38-storey buildings, comprises 270 units of serviced apartments, 144 units of small ... Read More

After four years of transformation, the Penang Hill Gallery @ Edgecliff is finally open! From its outdoor terrace and balconies, the impressive art deco-styled bungalow offers an amazing 270-degree view of Penang island. Its interior features various artefacts, exhibits and stories of the hill. The Penang Hill Gallery @ Edgecliff is ... Read More