Penangites are getting pretty familiar with GRR schemes. For those who have not heard it, GRR schemes promise a fixed rental income for house buyers for a certain period of time. These schemes are legal, but they are actually not governed by the Housing Development (Control & Licensing) Act. It ... Read More

Bank Negara Malaysia has launched its free online platform for the public to access their own central credit reference information system (CCRIS) report, anywhere at their convenience. The new initiative – eCCRIS is a secure online platform – and the service is provided for free and is available nationwide starting ... Read More

As we walked down to the memory lane of 2017, it was obviously one of the slowest year in the decade for properties. There were only a handful of new projects launched throughout the year and some were delayed. Developers were very careful with what they were launching and many ... Read More

Taman Nuri Emas, an on-going mixed development by Asiabina Holdings Sdn. Bhd. at Nibong Tebal. Located next to Residensi Merbok, less than 500 meters away from Jawi toll plaza. It will only take 10 minutes to drive to Penang 2nd bridge. This development comprises 90 units of semi-detached houses and ... Read More

Found this interesting story by Henry Butcher Malaysia. Read on... :) When one mentions Penang, two thoughts usually come to mind: char kway teow (and the island’s assortment of street food), and high property prices. For both, thefocus lies mainly on George Town, the multicultural capital of the state, which ... Read More

Yet another proposed affordable housing by Definite Harmoney Development Sdn. Bhd. at Teluk Kumbar. Located along Jalan Teluk Kumbar, diagonally opposite Flat Taman Emas. It is only 500 meters away from The Lexis Suites and Sunway Aspera housing scheme. The development comprises a 16-storey apartment, offering 85 and 129 units of ... Read More

The Malaysian-Anti Corruption Commission (MACC) probe into the controversial Penang undersea tunnel is focused on land swaps that were made for the feasibility and detailed design study which has yet to be completed. Sources said investigators are scouring documents involving two plots of land – Lot 702 and Lot 713 ... Read More

A newly proposed development by Sunrise Towers Sdn. Bhd. on a half-acre land at Gurney Drive in George Town. It is strategically located close to Gurney Drive Roundabout, adjacent to the famous Gurney Drive Hawker Centre. The land is currently occupied by a 40-year-old 18-storey condominium - Sunrise Tower. It ... Read More

About 40 people claimed to have been cheated by irresponsible parties over the purchase of People's Housing Project (PPR) units, said Urban Wellbeing, Housing and Local Government Minister Tan Sri Noh Omar. He said the victims claimed to have purchased application forms from third parties at the price of between ... Read More

Penang has received approvals for two technical reports for the proposed Penang South Reclamation (PSR) project, which will involve building three islands. State Local Goverment Committee chairman Chow Kon Yeow said the Marine Department approved the Marine Risk Analysis report last Thursday. He said the report was related to safety ... Read More