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Property News

source:thestar

Esplanade seawall upgrading is expected to complete by end next month

Works on the RM14mil Esplanade seawall upgrading are on schedule, with completion expected at the end of April. Outlining the project works, Perunding YAA Sdn Bhd said it employed methods and construction materials that would “harmonise” with the qualities and heritage significance of the George Town World Unesco Heritage Site ... Read More
penang properties

Does residential property hedge against inflation?

Real estate has traditionally been viewed as a safe investment asset with powerful inflation hedging capability compared to other assets such as stocks and bonds. However, the current pandemic-induced economic weakness is testing such a perception. This is because the rampant house price growth since the coronavirus outbreak has put the ... Read More
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Are high maintenance fees scaring off millennials?

More Malaysian millennials are beginning to dip their toes into the property market and become prospective buyers. With their limited budget, only affordable properties are within their grasp. Horror stories of impulse buys and hidden costs aside, are high maintenance fees scaring them off. With tight budgets, millennials generally prioritise ... Read More
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Pantai Bersih cleaned up

Seeing the rubbish-ridden beaches in her hometown prompted 10-year-old Siti Zulaikha Hazrul to take part in a clean-up programme at Pantai Bersih, Penang. The Year Four pupil from Sekolah Sri Impian, in Taman Guar Perahu, said she was shocked to find plastic bottles and containers as well as food wrappers strewn ... Read More
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SITE PROGRESS: Muze @ PICC (Mar 2022)

About Muze @ PICC The first phase of residential offerings at Penang International Commercial City (PICC) integrated development by Hunza Group. This 43-acre development is strategically located within the vicinity of Bayan Baru township. It comprises two 58-storey towers featuring 846 residential units with 10 levels of car parking podium. Find out more about ... Read More
construction

Developers expect housing prices to rise on the back of anticipation of increased construction costs

Real Estate and Housing Developers’ Association (Rehda) deputy president Datuk N K Tong said the latest survey conducted by the association showed that some developers expect housing prices to rise on the back of anticipation of increased construction costs. Respondents in the survey expect construction costs to surge an average ... Read More
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Penang state government approves RM2.4 million for repair works at Padang Tembak Flats

From 2008 to March 1, 2022, Penang State Government has spent a total of RM293.93 million for 29,944 maintenance works on all public and private housing schemes in the state. According to State Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo, a total of RM214.26 million involves maintenance work ... Read More
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Butterworth Arena expected to obtain CCC by September

Penang CM Chow Kon Yeow hopes that the Butterworth Arena, which is expected to receive a Certificate of Completion and Compliance (CCC) in August or September, will attract the interest of national and international event organizers. He said this after visiting the Penang Development Corporation (PDC) project site worth RM59 ... Read More
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SITE PROGRESS: Anggun Residences (Mar 2022)

Anggun Residences located beside Design Village Outlet Mall conceived upon a condotel concept is differentiated from other residential properties with an impressive range of recreational properties and attentive layout features. Bandar Cassia and Batu Kawan Industrial Park (BKIP) are progressing rapidly with many new residential, commercial and industrial buildings and ... Read More
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Penang undersea tunnel gets go-ahead, pending written reviews from PPC and PPSB

After a delay of nearly eight years, the feasibility study on the Penang undersea tunnel has given the controversial project a go-ahead, but it requires written reviews from the Penang Port Commission (PPC) and Penang Port Sdn Bhd (PPSB). Chief Minister Chow Kon Yeow said the project’s feasibility report was ... Read More