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MBPP to issue RFP for Teluk Kumbar affordable housing and market complex projects
The Penang Island City Council (MBPP) will call for Request For Proposal (RFP) through build-operate-transfer (BOT) arrangement for a public market complex and an affordable housing project in Teluk Kumbar. MBPP councillor Abdul Latif Mohamad, who is the council’s alternate chairman for housing development, said the RFP is for the planning, ... Read More
M Vista – Limited units with fantastic views!
M Vista is a low-density development in Penang Island, featuring only 237 units of spacious homes with spectacular views. Strategically located just a mere minutes drive from Penang’s Second Bridge, about a 10-minute drive from Queensbay Mall and Penang International Airport. Hurry, grab a unit before it is sold out! Enjoy grand views and all ... Read More
10% discount if you buy affordable housing during pandemic
Until 30 June 2022, those who are eligible to buy affordable housing (RMM) in Penang Island and Seberang Perai will enjoy a 10% reduction in selling price. Elaborating further, state Housing, Town, Country Planning and Local Government Committee chairman Jagdeep Singh Deo said that State Government implemented the Home Ownership Campaign (HOC) with the ... Read More
Aspen Group Launches Vax to Win Campaign, with Amazing Prizes for Fully Vaccinated Malaysians
In conjunction with the 64th National Day, the Group today launched its nationwide Vax to Win Campaign to promote the Covid-19 vaccine amongst Malaysians. Prizes include a resort-inspired condominium and units of executive apartments as well as gift cards. Aspen Group President and Group Chief Executive Officer Dato’ M. Murly ... Read More
First phase of Gurney Wharf is expected to complete by Q4 next year
Work on the RM200.3 million Gurney Wharf project is expected to start in the fourth quarter of this year after delays in the project due to the Covid-19 pandemic and subsequent lockdowns. State executive councillor Jagdeep Singh Deo told the Penang state legislative assembly today that the planning permission and ... Read More
UPCOMING: Sungai Bakap / Asas Dunia Berhad.
Proposed residential development by Asas Dunia Berhad at Sungai Bakap. Located on 29 acres of land along Jalan Sungai Duri, immediately opposite Taman Seruling Emas. It is about 5km away from Penang-Kedah border, a 5-minute drive from North-South Expressway Jawi Toll Plaza. The development will feature 313 units of single-storey ... Read More
MIEA launches landlord insurance
The Malaysia Institute of Estate Agents (MIEA) has launched the MIEA Landlord Insurance policy which will help landlords gain independence against the risk of runaway tenants, rent arrears together with potential damages to their asset or property when faced with bad tenants. “As property agents, there is not much agents ... Read More
Paramount hopes for speedier sales conversion and project approvals as lockdown restrictions ease
Paramount Corp Bhd hopes to sustain the strong sales momentum with speedier sales conversion and project approvals as lockdown restrictions ease, says its group chief executive officer Jeffrey Chew. He, however, warned that the property market will be weighed down by continued economic uncertainties caused by the prolonged pandemic situation ... Read More
Penang hotels set to re-open their doors mid-Sept
Most hotels here are waiting till mid-September to re-open as Penang is expected to have by then 100% of its population getting at least one Covid-19 vaccine dose. Malaysian Association of Hotels (MAH) Penang Chapter chairman K. Raj Kumar said although hotels are allowed to re-open now, not many were ... Read More
Risk of abandoned projects rises
There is a potential rise in abandoned projects as the Covid-19 pandemic drags on with high daily cases. Property and legal experts told The Edge Malaysia in a report this this week that there could be potentially “millions, if not billions, of ringgit worth of projects being abandoned once the ... Read More
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