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Property News

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SITE PROGRESS: Anggun Residences (Nov 2021)

About Anggun Residences A high-rise residential development by PE Development (Penang) Sdn. Bhd at Batu Kawan. Strategically located next to Design Village, less than 2 minutes drive to the IKEA and Central Island Park at Aspen Vision City. It's only about 20km away from the key employment center of Bayan Lepas ... Read More
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House buyers of Residensi Pauh Permai received keys

It was a delightful Saturday morning for house buyers of Residensi Pauh Permai in Seberang Perai as they officially received their keys from Housing and Local Government Minister Datuk Seri Reezal Merican. The project, which comes under the 1Malaysia People’s Housing Programme (PR1MA), started its construction works on Dec 13, ... Read More
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Budget 2022 falls short for property and construction sector expectations

Property and construction players have noted that Budget 2022 does not offer much for the industry as a whole, adding that it has fallen short of their expectations. CCO & Associates (KL) Sdn Bhd ED Chan Wai Seen said the budget, will at most, help sustain the prevailing market sentiment as ... Read More
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SITE PROGRESS: GEM Residences (Oct 2021)

About GEM Residences GEM Residences, a commercial development by Belleview Group at Prai, Penang. It is part of the company's 6 hectares mixed development along Jalan Baru, diagonally opposite Megamall Penang. Next to it will be the upcoming largest mall in the northern region - GEM Mall, the tenant mix include ... Read More
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BUDGET 2022: Housing Highlights

The government will continue implementing housing projects, especially for the low-income earners, with a total allocation of RM1.5 billion. In tabling Budget 2022 at the Dewan Rakyat today, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said all Malaysian families have the right to own a home. He added that ... Read More
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SITE PROGRESS: Sunshine Residence (Oct 2021)

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. Find out more about Sunshine Residence Subscribe ... Read More
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KPKT urged to improve STA enforcement and guidelines

The Ministry of Housing and Local Government (KPKT) must immediately improve the enforcement of short-term accommodation guidelines (STA) to curb the change of use of units in stratified residential buildings without permission The matter was raised by Penang Island City Council (MBPP) councilor, Lee Kim Noor at the adjournment speech ... Read More
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Bukit Kukus paired road expected to open by end of this year

Penang’s Bukit Kukus paired road, touted to be the highest elevated route in the country, will be partially open to traffic by year’s end. The road, which rises 55m from the pile caps, links Bandar Baru Air Itam and Relau and hugs the slopes on the southern reaches of the ... Read More
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SITE PROGRESS: Urban Suites (Oct 2021)

About Urban Suites A commercial property development by Aspen Vintage Sdn. Bhd. (Cosmopolitan Homes) in the established township of Jelutong.  It is easily accessible via Tun Dr Lim Chong Eu Expressway and surrounded by abundance of amenities. Urban Suites comprises two 42- storey towers, featuring 596 units of commercial suites. Find out more about Urban Suites Register your ... Read More
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The property market is expected to improve starting in 2022

The Real Estate and Housing Developers' Association Malaysia (REHDA) expects the property market to fully recover starting in 2022, given the positive domestic economic outlook. According to the Property Industry Survey 1H2021 and Market Outlook 2H2021/1H2022, which were released today, 22% and 25%t of the 180 respondents were optimistic about ... Read More