News about penang

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 volume, said TheEdgeProperty.

Eastern & Oriental Bhd (Feb 24, RM1.

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.

GEORGE TOWN (Feb 24): TheEdgeProperty.

           KUALA LUMPUR (Feb 24): Kedah, Perlis and Penang will see a 5% growth in transactions for residential properties despite the overall property market slowdown, according to Raine & Horne International Zaki + Partners Sdn Bhd.

PETALING JAYA (Feb 23): Penang-based property developer Tambun Indah Land Bhd plans to launch three new projects worth about RM170 million for 2017, said the developer.

AFTER waiting for months on end for their applications for advertising permits and developers’ licences (APDLs) to be approved, developers in Penang breathed a sigh of relief recently — they have finally been given the nod.

PETALING JAYA (Feb 21): Penang and Sabah remain the most attractive regions for investment in the hotel or leisure sub-sector, according to respondents of Knight Frank’s Malaysia “Commercial Real Estate Investment Sentiment Survey 2017” (CREISS).

KUALA LUMPUR (Feb 15): Al Salam Real Estate Investment Trust (REIT) saw its net property income (NPI) jump 33% to RM16.

KUALA LUMPUR (Feb 14): Sunway Property, the property division of Sunway Bhd, is looking to launch RM2 billion worth of properties this year with 90% of the launches in Malaysia, while the remaining will be in Tianjin, China.