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The purchase consideration was determined on a “willing buyer, willing seller” basis, based on independent valuations by Henry Butcher Malaysia using the comparison approach.
Chief minister says the current rates do not reflect market value and have contributed to revenue loss for the state.
'For land disposal matters, the state government will consider current land valuation based on the Valuation and Property Services Department. If the land involves strategic projects, including housing construction, the state will use the request for proposal approach to dispose of the land,' says Penang Chief Minister Chow Kon Yeow.
Malaysia’s Asean chairmanship in 2025 is poised to deepen regional economic integration, attract increased foreign investment, and spur real estate demand—particularly in Johor.
The upcoming initial public offering (IPO) of Paradigm Real Estate Investment Trust (Paradigm REIT) on the Main Market of Bursa Malaysia Securities Bhd presents a compelling opportunity for investors seeking diversification and resilience amid today’s evolving macroeconomic landscape. With a strong portfolio of three established, strategically located shopping malls valued...
The number of unsold residential properties in Perak dropped by about 57.7% in 2024 compared to 2023, according to the National Property Information Centre (Napic).
Penang may soon welcome a new marina capable of hosting large vessels and superyachts, as the state seeks to attract more high-end maritime visitors and avoid being sidelined by better-equipped destinations.
The livestream captured the moment vigilantes and the shocked landlord discovered the sophisticated setup, complete with cooling systems and rigged electrical connections.