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SITE PROGRESS: The Zen (Jun 2020)
About The Zen A mixed development by Asia Green at Bayan Mutiara. It is located next to Tun Dr. Lim Chong Eu Expressway, just a short drive away from the ongoing Penang World City township development by Tropicana Ivory. This development comprises a 46-storey skyscraper with two residential towers, and shop ... Read More

UPCOMING: Bukit Mertajam / Welcome Development Sdn. Bhd.
A newly proposed residential development by Welcome Development Sdn. Bhd. at Bukit Mertajam. Strategically located at the intersection of Jalan Song Ban Kheng and Jalan Kota Permai, diagonally opposite Spectrum Residence by Zuwen Bina. It is only a 5 minutes walk to SJKC Beng Teik Chinese primary school, surrounded by ... Read More

Property buying activities to increase with PENJANA incentives
The National Economic Recovery Plan (PENJANA) incentives announced on Friday are expected to heighten property buying activities in the next few months. ExaStrata Solutions Sdn Bhd’s chief real estate consultant and chief executive officer, Sr Adzman Shah Mohd Ariffin, said the stamp duty exemption under the revived Home Ownership Campaign (HOC) ... Read More

Economic Recovery Plan for Property Sector
To stimulate the property market and provide financial relief to home buyers, here are the incentives announced by Prime Minister today: 1. Home Ownership Campaign (HOC) to be reintroduced: Stamp duty exemption on the instruments of transfer and loan agreement for the purchase of residential homes priced between RM300,000 to ... Read More

Penang to reveal home ownership package next week
The Penang government is set to announce a housing ownership package next week to ease home ownership in the state. State Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the package – dubbed Housing Ownership Campaign Package (Penang edition) 2020 – has two main objectives ... Read More

UPCOMING: Butterworth / Uniflex Synergy Sdn. Bhd.
A proposed strata development by Uniflex Synergy Sdn. Bhd. at Butterworth. It is strategically located along Jalan Kampung Gajah, just a stone's throw away from Nautical Bay by OHM Group. This development was previously proposed by Venn Group, which will see the construction of a 15-storey condominium offering 92 residential units with a ... Read More

SITE PROGRESS: Residensi Permatang Pauh (Jun 2020)
About Residensi Permatang Pauh Affordable housing undertaken by Excel Focus Properties Sdn. Bhd. It is strategically located within the established township of Permatang Pauh, only about 500 meters away from Butterworth-Kulim Expressway. Neighboring communities include Taman Naluri, Taman Naluri Ria and Taman Janggus Jaya. Find out more about Residensi Permatang ... Read More

Federal Govt cancels RM100mil Penang Hill cable car project
The Federal Government has withdrawn its RM100 million allocation for the development of a cable car system on Penang Hill. Chief Minister Chow Kon Yeow expressed his disappointment over the Federal Government’s decision. “The withdrawal of allocation would not only affect the continuity of the hill’s development plan, but also ... Read More

Value of residential overhang down in Q1
The value of completed and unsold properties from all segments dropped 5.3% year-on-year to RM18.91bil in the first quarter of 2020, despite more units being launched during the period, according to the National Property Information Centre (Napic). According to Napic, a total of 127,604 units were launched in the first ... Read More

UPCOMING: Prai / Concrete Idea Sdn. Bhd.
A small landed housing development proposed by Concrete Idea Sdn. Bhd. (a subsidiary of Tawakar Group) at Taman Pauh Jaya in Bukit Tengah. It is strategically located near Jalan Baru, just a stone's throw away from two luxury car showrooms, namely BMW (Tian Siang Premium Auto) and Porsche Centre. Amenities ... Read More
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