2017-04-03 02:00
Malaysians should change their mindset and rent houses for a longer period instead of buying them at a young age so as to avoid being trapped in a huge long-term debt, says Second Finance Mi… Read More
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Latest Penang Property development & new projects. Penang Apartment, Penang Condo, House reviews. Real Estate & Penang Property for Sale & Rent
2017-04-02 18:00
Malaysia’s house price index grew by 5.3% in the fourth quarter last year (4Q2016) from the corresponding period of 2015, according to Knight Frank’s “Global House Price In… Read More
2017-04-02 13:58
Eastern & Oriental Bhd (E&O), which share price surged to a two-year high yesterday, is believed to have found a strategic investor who will pump in fresh capital to kick-start its s… Read More
2017-03-28 06:00
Households that do not own a house and are still renting were estimated to number 1.33 million families up till 2014, according to the urban wellbeing, housing and local government ministry… Read More
2017-03-28 04:00
The home ownership rate among millennials in Malaysia is expected to rise in the next five years.
“More people in this group will be more willing to buy houses in the outskirt areas w… Read More
2017-03-28 02:00
There is a need for strong catalysts to spur property buyers' interest if we want to see the property market improve and accelerate into overdrive mode.
Speaking at The Edge Investment Foru… Read More
2017-03-27 13:21
Sunway Bhd deputy managing director of the property division for Malaysia and Singapore Tan Wee Bee believes it is always a good time to buy property, even in the current property market slo… Read More
2017-03-27 13:18
Tearing your hair out over what to do with your investment properties during a market slowdown?
Well, according to Chur Associates founder and managing partner, Chris Tan (pictured), one ha… Read More
2017-03-27 13:15
The number of residential property transactions in Penang is forecast to increase to 2,527 transactions in 1Q2017 compared with 2,297 transactions in the previous quarter, while the total va… Read More
2017-03-26 13:46
Attractive residential development: Ivory Properties Group Bhd provides premium luxury homes to enhance the lifestyle living in Penang.
Penang is seeing a boom in its property industry as n… Read More
2017-03-24 13:16
Eastern and Oriental Bhd (E&O) launched its final batch of landed residential properties at Seri Tanjung Pinang 1 here, yesterday.
The final release comprises just 35 units of terraced… Read More
2017-03-23 13:42
Although the value of residential loans approved, an indicator of property sales, fell 15% in 2016, four out of the seven developers in our coverage managed to grow their property sales by 3… Read More
2017-03-23 13:29
The undersupply of affordable houses in Malaysia may worsen, given current income and demographic factors, according to Bank Negara Malaysia's 2016 Annual Report.
Bank Negara said since 201… Read More
2017-03-22 12:49
Sentiment for property counters is improving after a two-year lag in the sector’s share price performances with Kenanga Research reversing its call from “neutral” to &ldquo&hell…Read More
2017-03-21 02:00
The number of properties that went under the hammer fell for the third consecutive year in 2016, despite the prolonged slowdown, thanks to the earlier property boom that had lifted prices… Read More
2017-03-20 13:29
Countries in the region that imposed property cooling measures at around the same time are not likely to be relaxing them almost simultaneously due to differing economic conditions.
Singa… Read More
2017-03-20 05:00
Kenanga Investment Bank Bhd believes the property sector is bottoming out but still lacks strong catalysts. The bank is advising investors to be selective in their investments, says head of… Read More
2017-03-19 14:37
If you need a loan to finance your property purchase, or for business investment or children’s education, you may be put off by the current tight lending environment.
However, if you… Read More
2017-03-18 09:45
Aspen Vision City Sdn Bhd is set to soft launch the second phase of its commercial component, the Vittoria Financial Centre, at Aspen Vision City in Bandar Cassia, Batu Kawan in Penang this… Read More
2017-03-17 08:57
The state government has increased the minimum price for foreign purchases of landed properties on Penang island from RM2mil to RM3mil.
State Housing Committee chairman Jagdeep Singh Deo sa… Read More
2017-03-15 13:53
The state government has denied lowering the minimum price limit or giving discounts for foreign purchases of properties in Penang.
State Housing Committee chairman Jagdeep Singh Deo said t… Read More
2017-03-15 13:48
Beacon Executive Suites, a one-of-a-kind small office, home office (SOHO) development strategically located in George Town, Penang, is the epitome of modern and smart living, allowing future… Read More
2017-03-15 07:56
The sale and transfer of property valued at RM500,000 and below will now be subjected to a 1% conveyancing fee.
Taking effect today, it came about with the revision of the fee structure in… Read More
2017-03-14 14:26
Despite its subdued performance last year, the Klang Valley property market seems to be picking up momentum this year with encouraging take-up rates observed in the first two months, especia… Read More
2017-03-13 14:19
About 200 residents of Tanjung Court Condominium in Bandar Baru Air Itam, Penang, wore black T-shirts as a mark of protest and to voice the frustration over two issues plaguing the condomini… Read More
2017-03-13 13:57
They are preparing for the next upturn
The economic climate has not deterred developers from planning multi-billion ringgit projects in Penang.
The general consensus is that the current… Read More
2017-03-13 13:47
Some are indeed above the rest. The most sought-after residentials on the island with consistent price appreciation for the past three years are those priced below RM1mil.
There are at leas… Read More
2017-03-10 14:20
The iconic Komtar tower is set to earn a place in the Guinness Book of World Records with the world’s tallest mural.
Five local artists have been engaged by Only World Group (OWG) to… Read More
2017-03-09 14:31
Iconic Vue is an affordable condominium project by Iconic Development situated at Batu Ferringhi, Penang. Iconic Vue comprising a block of 26-storey condominium houses 232 units in total. Fa… Read More
2017-03-08 13:37
The rejection rate for housing loans is as high as 60%, causing property sales to remain sluggish, says the Real Estate and Housing Developers' Association (Rehda).
"Banks and developers… Read More
2017-03-07 13:42
Penang-based developer Hunza Properties Bhd is launching its first affordable housing project this year, targeting new home buyers as potential investors are seen to be holding back their pu… Read More
2017-03-06 14:07
Although the overall transaction volume has fallen, Penang’s housing market looks more resilient than other major markets such as Kuala Lumpur, Selangor and Johor, based on transaction… Read More
2017-03-06 14:01
If you are looking for a ready, more secure and less speculative type of property, you would probably look at the secondary market first rather than those that are still under construction o… Read More
2017-03-06 13:57
From charity scams to love deceptions, crooks have devised more gimmicks in cheating you out of your earnings. One of the latest on the list are rental scams, targeting those who are in a hu… Read More
2017-02-28 14:07
A group of condominium unit owners had a unique opportunity to enjoy a Chinese New Year pool party at their condo.
Their future home is about six months away from completion but that did no… Read More
2017-02-27 14:11
With the hubbub on the softened property market, not even Penang, especially Penang Island, known for its land scarcity and extravagant property prices, is spared. However, in this snail-pac… Read More
2017-01-22 14:30
Penang: Developers up North, move toward the current property trend offering products that fit market requirements for 2017 and beyond. Everyone is aware of the soft sentiment that the mark… Read More
2017-01-22 14:17
Aspen Vision City is the first mega development in the Northern Region to offer smart services through technological advancement. One of the biggest mixed developments in Penang, Aspen Visi… Read More
2017-01-19 05:00
Some allude that Malaysia is living in a housing bubble and a burst is in the offing. Do these arguments hold water? The ramifications of a bubble burst are disastrous as seen with The Grea… Read More
2017-01-19 02:00
Seafront gem: Asia Green designs diverse residences for the trendy islander. Penang is a locale in high demand amongst investors and homebuyers alike. However, as land is becoming scarce es… Read More
2017-01-18 14:29
Penang: Ideal Property Group joins in the transformation of Jewel of the Straits. With a vibrant culture and rich history, the small island of Penang continues to evolve. Impressive contemp… Read More
2017-01-12 14:13
Mah Sing Group Bhd has introduced a CNY Bonanza Campaign where homebuyers can enjoy cash rebates from RM888 to RM18,888, in addition to other sales packages offered for selected Mah Sing pro… Read More
2017-01-09 14:46
Penang based property developer M Summit Group is set to launch next month two new mixed-development projects, with a combined gross development value (GDV) of RM85 million. Its managing dir… Read More
2017-01-08 13:52
Buying a house is one of the biggest investments a person can commit to in a lifetime. A substantial amount of research and money is often needed to purchase a property. Often, a first-time… Read More
2017-01-03 13:24
The property market remains resilient despite of the challenging economic environment, according to observers. Rahim & Co Research director Sulaiman Saheh said although the number of lau… Read More
2017-01-02 14:49
A signature serves as a universally recognised symbol of proof of agreement. It seals the deal in many agreements and contracts and makes them legally binding. Like in any contracts, one sho… Read More
2016-11-16 13:54
Meritus Residensi by Hua Yang Bhd is a residential property project located at Jalan Baru, Seberang Perai, Penang. Meritus Residensi comprising a 44-storey tower with a total of 480 serviced… Read More
2016-11-16 13:23
Hua Yang Bhd has marked its entry into Penang’s property market with its maiden residential project, Meritus Residensi, located at Jalan Baru, Seberang Perai, Penang. In a press releas… Read More
2016-11-15 13:27
Aspen Vision City Sdn Bhd (AVCSB) is set to launch its first landed housing at Aspen Vision City in Bandar Cassia, Batu Kawan, Penang next year. AVCSB is a subsidiary of Aspen Vision Land Sd… Read More
2016-11-08 13:26
The loss-making Jerejak Rainforest Resort & Spa (JRRS), owned by Tropical Island Resort Sdn Bhd (TIRSB) whose shareholders are UDA Holdings Bhd and the Penang government, will be redevel… Read More
2016-11-03 13:27
The right to shelter is an inalienable basic human right. Providing basic, sufficient and affordable housing for its people, particularly those with a low income, is one of the fundamental d… Read More
2016-10-18 14:12
A piece of land of almost 300 acres on mainland Penang, held for over 60 years by a group of friends, has been put up for sale. If sold, this tract with development potential could fetch mor… Read More
2016-10-18 13:59
Despite the sluggish market, property investors in Penang can take comfort in reports of capital appreciation in the state. Data collected by the National Property Information Centre’s… Read More
2016-10-10 13:24
Penang has one of the fastest growing property markets in the northern region of Peninsular Malaysia due to myriad factors. It is one of the most developed states in the country with strong… Read More
2016-10-06 12:44
Penang Island’s pre-war properties continue to be a favourite among local and foreign investors, particularly Singaporeans, according to Henry Butcher Malaysia (Penang) Sdn Bhd. In its… Read More
2016-10-05 09:02
The current property market slowdown may only recover in 2018 and the market environment may dip further before that. “Nothing much has changed about the property market recently, at l… Read More
2016-10-01 14:33
Experts predict between 2018 and 2019 At a recent property seminar organised by Asian Strategy & Leadership Institute, several developers and property consultants had a debate predicting… Read More
2016-09-30 13:29
Non-landed residential projects on Penang island have performed better than landed homes on the island in recent years. There were more non-landed residential projects that recorded a cumula… Read More
2016-09-30 13:10
Thousands thronged EcoWorld Gallery @ Eco Meadows in Simpang Ampat, Nibong Tebal, for its Eco Bloom official global launch in Penang. Among them was businessman M. Venuganan, 54, who brought… Read More
2016-09-18 13:41
Taman Skyridge Apartment is a new freehold apartment located along Lebuh Halia at Tanjung Tokong, Penang to be developed by OHM Group. Taman Skyridge Apartment is an affordable homes scheme… Read More
2016-09-09 13:51
Some say humans are the most adaptive species on earth and during economic downturns, this trait helps us figure out ways for our businesses to manoeuvre the challenging market environment… Read More
2016-09-09 09:30
The introduction of an initiative that enables property developers to give out loans to buyers at an interest rate of between 12% and 18% has received lukewarm response from the property sec… Read More
2016-09-07 14:15
The AHS-Teluk Kumbar (Duo Residensi) project coming up in Jalan Bayan Lepas. The Bandar Cassia affordable housing project in Batu Kawan, Nibong Tebal, is already 77% completed to date. Penan… Read More
2016-09-06 13:05
AllianceDBS Research said the Penang property market has been facing challenging conditions since 2014 as property prices continue to rise, albeit at a slower pace. “We notice that tra… Read More
2016-09-05 13:38
Visitors looking at a scale model of the Eco Terraces development in Paya Terubong at its EcoFestival 2016 in Penang. Kerjaya Prospek Group Bhd has clinched a RM146.7mil contract for the mai… Read More
2016-09-03 13:53
The National House Buyers Association (HBA) acknowledges the challenges faced by our Prime Minister in tabling Budget 2017 in view of the slowdown in the global and regional economies and al… Read More
2016-08-31 14:27
The real estate market outlook for Penang till the end of this year seems rather uncertain due to weak market sentiments in both the primary and secondary markets. This is expected to lead t… Read More
2016-08-26 13:22
The commencement of land reclamation works for the RM10 billion Penang WorldCity project in Bayan Mutiara is expected to begin only in the middle of next year. The project is undertaken by T… Read More
2016-08-25 08:35
Despite the slow property market, OSK Property Holdings Bhd believes there is still demand for properties targeted at end users. And the homebuyer market is what is it aiming at with Luminar… Read More
2016-08-25 08:30
The Malaysian property auction market saw 6,274 properties worth about RM2.37 billion going under the hammer in 2Q2016. This works out to an average 2,090 properties a month, according to da… Read More
2016-08-20 08:42
More incentives to encourage house buyers There are several aspects to what determines prices of properties. Location is paramount. There is no dispute to that. Sentiment matters and incenti… Read More
2016-08-14 13:29
The Penang state government will soon make its decision regarding a proposal to revise the current density guidelines to 128 units per acre in order to provide more affordable housing in the… Read More
2016-08-11 02:21
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 Malays… Read More
2016-08-08 12:43
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… Read More
2016-08-08 12:37
Senja Aman Development Sdn Bhd (Senja Aman Group) has awarded a contract worth RM168 million for its superstructure construction of Angsana Teluk Bahang to SGQ HP Engineering Construction Sd… Read More
2016-08-05 13:19
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… Read More
2016-08-05 13:12
Choot says the developer interest bearing scheme should be reintroduced for the affordable housing segment. The Penang Chinese Chamber of Commerce (PCCC) wants Bank Negara Malaysia (BNM) to… Read More
2016-08-05 13:07
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… Read More
2016-08-04 06:31
The government, specifically the Deputy Minister of Finance 1 Datuk Othman Aziz, said yesterday that houses priced up to RM165,060 are considered affordable to a median Malaysian household… Read More
2016-08-03 14:43
New landmark: Cheah and Sunway Property Development Division deputy managing director Tan Wee Bee with an artist’s impression of Sunway Property Anson. Sunway Bhd will launch RM5bil wo… Read More
2016-08-03 14:31
The state government will look into the issues and concerns facing the property industry during the Penang International Property (PIP) Mid-Term Review 2016. State Housing Committee chairman… Read More
2016-08-03 14:13
The Penang government is proposing a rent control policy for pre-war buildings after numerous complaints from business operators in the George Town Unesco World Heritage Site over excessive… Read More
2016-08-02 14:13
A stay order imposed by the Penang Appeals Board (PAB) on the execution of the planning permission for Ewein Bhd’s maiden property development venture remains after one year. But Ewein… Read More
2016-07-27 23:00
Escalating housing prices and the changing needs of young buyers have spurred interest in shoebox-sized apartments on Penang island, said Henry Butcher Malaysia (Penang) Sdn Bhd director Jas… Read More
2016-07-27 15:45
Kenanga Investment Bank Bhd head of equity research Sarah Lim (pictured) believes the current Malaysian property market down cycle could last longer than usual due to liquidity-driven factor… Read More
2016-07-27 15:00
The outlook for the property market in the second half of 2016 (2H2016) is expected to remain subdued, said Valuation and Property Services Department director-general Datuk Faizan Abdul Rah… Read More
2016-07-27 14:50
Primary market property sales plunged in 1H2016 from a year ago, underpinned by the sluggish global economy and poor local market sentiments, according to preliminary figures by the Valuatio… Read More
2016-07-27 02:26
Investor sentiment towards property stocks have improved compared to a few months ago on stronger sales at recent property launches. CIMB Research said in a report that this has improved inv… Read More
2016-07-23 14:28
Stability in sub-sale prices of properties over the past year indicates sector still in a healthy state For the past couple of years, Penangites are used to hearing about the soft property m… Read More
2016-07-23 14:17
Call them what you like – small office home office (Soho), small office flexi office, small office versatile office, condotel, hotel suite or butler serviced apartment. The names are c… Read More
2016-07-20 14:22
Luxurious green living awaits future residents of Alila2’s exclusive ‘bungalows and semi-detached homes in the sky’ in upscale Tanjung Bungah, Penang. Developed by Nilai Ar… Read More
2016-07-20 13:58
Modern and spacious bungalows of 98 Residence in Bukit Minyak, Penang, are designed for comfortable and harmonious living with nature. Developed by Tawakar Group, it is spread over 22 acres… Read More
2016-07-20 13:21
ECO World Development Group Bhd’s exciting Eco Bloom is set for launch soon, and the StarProperty.my Fair 2016 in Penang is the best time to register your interest. Those who sign up d… Read More
2016-07-19 02:09
The current slowdown in the property market doesn’t look like it will pick up anytime soon. In fact, the outlook seems rather uncertain for the Malaysian property industry. “If t… Read More
2016-07-18 14:16
Inspired by the concept of countryside living, Trehaus along the Bukit Jambul millionaire’s row is a modern green development that promotes a healthy lifestyle. The low-density enclave… Read More
2016-07-18 13:25
Buyers moving into Mira Residence, twin high-rise towers of 322 elite homes in Tanjung Bunga, Penang, can immediately start to enjoy their new relaxing lifestyle. The developer will ensure t… Read More
2016-07-18 13:16
The Ferringhi Residence 2 offers a luxury resort-style living that embraces the nature with modern amenities. Perched on the highest plateau along the Batu Ferringhi cove, the project to be… Read More
2016-07-14 13:28
For a lot of investors, the first thing that comes to mind when one mentions Penang is the state’s thriving island and its capital city of George Town. With its strong industries and h… Read More
2016-07-14 13:19
Maybank’s base rate (BR) and base lending rate (BLR) will be reduced by 20 basis points to 3% per annum and 6.65% per annum, respectively. In a statement today, the bank said it will r… Read More
2016-07-14 02:19
The entrance of Kensington Gardens in Jesselton Villas. House buyers who aim to own a slice of high-potential real estate should consider getting a unit at the Kensington Gardens project, co… Read More
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