The glut in homes priced below RM300,000 is due to their “wrong” locations, reiterates the National House Buyers’ Association (HBA). In response to calls made by the Penang Real Estate and Housing Developers’ Association (Rehda) for urgent measures to be taken to alleviate the current property glut, especially residential properties ... Read More

The Real Estate and Housing developers’ Association (Rehda) is optimistic that the newly launched Affordable Homes and Rumahku Portal fund by Bank Negara (BNM) will help boost home ownership within the country. REHDA president Datuk Soam Heng Choon said the fund had a low interest rate and would be especially ... Read More

Non-Penangites will now be able to buy affordable housing units here in a move by the state government to address the overhang situation. State Housing, Town, Country Planning and Local Government Committee chairman Jagdeep Singh Deo said affordable units that fall under the open market category would be up for ... Read More

A proposed mixed development by Bagan Masyhur Sdn. Bhd. at Teluk Air Tawar, Butterworth. Located on a 30,000 sq.ft land along Jalan Teluk Air Tawar, diagonally opposite SK Teluk Air Tawar. It is only 15 minutes drive to Penang Sentral via Butterworth Outer Ring Road (BORR), about 20 minutes drive ... Read More

Gong Xi Fa Cai! May the New Year brings you joy, happiness and good health always! Celebrate this Year of Earth Pig by visiting these open house organised by developers. Enjoy the refreshments, lion dances, kids activities, lucky draw ang pao, CNY gifts and live performances while searching for your ... Read More

Believe it or not, the Jelutong landfill is set to be Penang’s latest “real estate goldmine”, with a potential to generate a bonanza of at least RM1bil to the state this year. In land-scarce Penang island, development of the landfill is wonderful news and the state government will be raking ... Read More

Swedish home furnishing retailer IKEA is set to spread cheers leading up its store opening in Batu Kawan on 14 March 2019. Located at Bandar Cassia, this first IKEA store in the northern region is set to offer over 8,000 home furnishing products alongside a wide selection of Swedish and ... Read More

Temasek Avenue, commercial development by Temasek Land Sdn. Bhd. in Butterworth. It is strategically located next to ever-bustling Jalan Raja Uda, adjacent to the company's upcoming Garden City mixed development. Both are projects are aimed to be the future business hub of Raja Uda. This development will offer 233 units ... Read More

It was another slow year for Penang housing market in 2018 with no significant improvement in market sentiment. While the data published by NAPIC indicated a slight increase of 4% in residential property transaction volume, the average transacted price for the residential segments saw a slight drop of 3% in ... Read More

One Foresta, a premium affordable home by Penang Condo King - Ideal Property Group, has been fully completed to provide the one-of-its-kind lifestyle and high-quality residence for Penang home buyers. The Penang State Government launched the affordable home campaign in 2013 to assist Penangites especially the younger generation to buy ... Read More