Penang state government has decided to build a RM4.8 billion elevated light rail transit (LRT) system in the state, rather than have a tram system, as part of the RM46 billion Penang Transport Master Plan (PTMP). This is to avoid associated costs of relocation of utilities, land acquisition and social ... Read More

The immediate outlook of Penang’s property market will be challenging amid difficulties in the global and national economic environment, said property services firm Knight Frank Malaysia in its latest report. In its Real Estate Highlights report, the firm noted that the total volume of transactions for all sectors in Penang ... Read More

A proposed mixed development by Ideal Green Resources (Ideal Property Group?) at Bayan Lepas, Penang. It is strategically along Jalan Sultan Azlan Shah, adjacent to Ideal Vision Park.   This development comprises six parcels, featuring a mixed of commercial and residential properties including affordable housing: Parcel A: 7-storey shop offices Parcel B: 40-storey low cost housing ... Read More

We have published reports on the most active projects in Penang. Do you wondering how many of those pageviews are from foreign countries? Singapore is the third highest source of visitors to PenangPropertyTalk.com after Penang and Kuala Lumpur, with more than 24,000 visits in second quarter of 2016, representing approximately 6% of the total ... Read More

A proposed mixed development by Eureka Prima Sdn. Bhd. at Teluk Bahang. Strategically located along Jalan Teluk Bahang, about 1km away from Hard Rock Hotel and Tropical Spice Garden. The upcoming development will features a mix of serviced apartments, shoplots and hotel, to be developed in multiple phases. Phase 1: ... Read More

Securing a mortgage to buy a house is not easy these days as financial institutions continue with their tight lending policies. But your chances of getting the loan approved may be higher if you buy a property through joint ownership. Indeed we are seeing more people buying properties as joint ... Read More

The Penang government is at the tail end of reviewing contribution costs imposed on developers to bring down development costs so the savings are passed on to the public. State Housing, Town and County Planning Committee chairman Jagdeep Singh Deo (pix) said discussions with the local government and relevant authorities ... Read More

Penang is mulling a cap on rental hikes in pre-war buildings to 20% over a period of four to five years, in contrast with more exorbitant hikes of 100% to 200% observed in recent times, said Penang chief minister Lim Guan Eng at the Penang International Property (PIP) Summit conference ... Read More

IJM Land Bhd, the property development arm of IJM Corp Bhd, will be launching the Waterside Residence condominium project in Penang, with an estimated gross development value (GDV) of RM240 million, this October. “The Waterside Residence is part of The Light Waterfront phase 2 which has a GDV of RM6.5 ... Read More

Sunway Valley City, a proposed RM2.3bil integrated development by Sunway Property in Paya Terubong, Penang. It is strategically located on a 24 acres land along Jalan Paya Terubong, linked to Georgetown via Jalan Air Itam to the East, and linking to the FTZ area of Bayan Lepas and the Penang ... Read More