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News & Articles

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New Chinese school to be built in Batu Kawan

The federal government will build a new Sekolah Jenis Kebangsaan Cina or SJK(C) in Batu Kawan costing between RM8mil and RM10mil. Deputy Education Minister Teo Nie Ching said the school, to be built on a 2.43ha plot provided by the Penang Development Corpo­ration (PDC), is expected to be ready in ... Read More
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The Largest Eco-themed Township In Penang – Setia Fontaines

S P Setia, well-known for its signature eco-themed townships in the central region of Malaysia, has once again embarked on the next exciting chapter in their development plans by bringing their award-winning concept to Bertam, located at the Northern Seberang Perai. Setia Fontaines queueing up in the pipeline of S ... Read More
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Paya Terubong paired road will be delayed

Work on the RM545mil Jalan Bukit Kukus paired road project has hit a snag even before the construction mishap in Jalan Tun Sardon. The completion date on the project, an alternative road linking Lebuhraya Thean Teik in Bandar Baru Air Itam to Lebuh Bukit Jambul, will be delayed by a ... Read More
propertydevelopermargin

Cut prices please, Mr. Developer? Well…

By Charles Tan This is an interesting view from a property industry observer about the property prices here in Malaysia. The full article is in edgeprop.my (Titled: Developers must cut profits to lower property prices). Basically, in order to reduce the price of properties, the developers must cut their profit margins ... Read More
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Government to set up three categories of affordable houses

The government will incorporate three categories of affordable housing that will be constructed under the National Housing Policy, latest, by next month, says Housing and Local Government Minister Zuraida Kamaruddin. She said houses fetching RM150,000 and below, RM150,000-RM300,000 and RM300,000-RM500,000 would make up the new categories. Zuraida also said all ... Read More
penang-development

Forget about 2018, developers more optimistic about 2019

Property developers are more optimistic about the Malaysia property market outlook in the coming year than the current second half of 2018. According to the latest Real Estate and Housing Developers’ Association (Rehda) Property Industry Survey 1H18, only 18% of the 152 Rehda members who took part in the survey ... Read More
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Exclusive Update: Triuni Residences & Vilaris (Oct 2018)

Established in the year 1991, the Runnymede Group started with a humble collection of people driven by passion and the vision to be the best. Today, they have successfully established a solid ground striving towards their goal to be recorded as one of the highly competitive property developer in Malaysia ... Read More
Penang's property market finally cooling?

Penang’s property market finally cooling?

The property market in Penang is known as one of the most expensive in the country, with prices soaring over the years despite various cooling measures implemented by the authorities. Recently, however, there have been signs of property prices stabilising and the state has even reported property overhang. Since 2014, ... Read More
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Govt not selling affordable housing units in cities

Housing and Local Government Minister Zuraida Kamaruddin called on state governments to submit their respective lists of land that will be used to build affordable housing by the end of October. “No land, no affordable housing,” she said at a press conference after the government-industry open dialogue on housing - ... Read More
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Penang’s major highway project approved by DOE

The Department of Environment (DOE) has approved the construction of the three-paired highways across the island. State exco for Public Infrastructure Zairil Khir Johari said the DOE has approved the Environmental Impact Assessment (EIA) report with 59 additional conditions attached. In a joint press conference with the delivery partner – ... Read More