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Property News

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Ascott opens Sky Residence Prai in Penang

Sky Residence Prai, The Ascott Limited's (Ascott) first serviced apartment in Penang, has opened. Ascott is a wholly-owned subsidiary of CapitaLand Investment. Sky Residence Prai is its ninth operational property in Malaysia. With over 6,700 units in 26 properties across 11 cities, the addition of the serviced apartment will strengthen ... Read More
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Amendments to Housing Development Act to be tabled in Q3 2022

The proposed amendments to the Housing Development (Control and Licensing) Act 1966 (Act 118) is expected to be tabled in Parliament in the third quarter of 2022, in an effort to address issues concerning abandoned housing projects and prevent such problems in the future. Housing and Local Government Minister Datuk ... Read More
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MIEA: Real estate agents respect & appreciate all Grab drivers and Grab food riders

The Malaysian Institute of Estate Agents (MIEA) has issued a statement condemning disparaging words uttered by a real estate negotiator and another individual from Penang against Grab drivers and Grab food riders. In a video posted on social media two days ago, both individuals were seen to be conducting a ... Read More
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Pulau Gazumbo to be made marine sanctuary

Pulau Gazumbo, the man-made island next to the first Penang bridge, will be made a marine sanctuary by the state government. Chief Minister Chow Kon Yeow said the state government will be working to gazette the island as a sanctuary, to be called the “Middle Bank Marine Sanctuary”. He said ... Read More
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SITE PROGRESS: Taman Riang (Nov 2021)

About Taman Riang A small landed residential development by Airmas Group at Butterworth. Located on a 1.5-acre land near the ever-bustling Jalan Raja Uda, it is less than 4km away from Penang Sentral and Butterworth ferry terminal. It features 18 units of 2-storey terrace houses with a built-up size of at least ... Read More
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Biggest sports centre on mainland in the making

The construction work on the biggest sports centre in Seberang Perai known as Nibong Tebal Arena is expected to be completed on Feb 26, 2023. State Youth and Sports Committee chairman Soon Lip Chee said the work on the project has already started on Aug 16 this year. “As of ... Read More
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Three homegrown M&E players announce RM520mil expansion in Batu Kawan

Three Penang-based large local companies (LLC) are reinvesting RM520 million through expansion projects in the Batu Kawan Industrial Park, Penang Chief Minister Chow Kon Yeow announced today. He said the three companies, in the equipment manufacturing supply chain, are collectively taking up 35 acres of land in Batu Kawan Industrial ... Read More
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Whether it’s residential, commercial or industrial, co-create tomorrow and beyond with EcoWorld

Eco World Development Group Berhad or more commonly known as EcoWorld is one of the largest public listed property developers in Malaysia which currently has a total of 20 ongoing projects across numerous locations throughout the country – which include Klang Valley, Iskandar Malaysia and Penang. At EcoWorld, you will ... Read More
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Making houses more affordable for the average Malaysian family

A home is a basic necessity but for many, acquiring one is just an unattainable goal. For some, even renting a house is a luxury. However, little can be done to ensure that it is within the means of every family to have a house they can call their own ... Read More
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MIEA urges govt to extend housing loan scheme to M40

Malaysian Institute of Estate Agents (MIEA) called for the government's attention in encouraging M40’s homeownership by extending the housing loan scheme to M40 income group as well as a move to stimulate the property market. The recently unveiled Budget 2022 is a commendable budget as it has offered various incentives ... Read More