Real estate agency still sees strong interest and confidence
Penang's residential property transactions is expected to experience more than 5% contraction this year compared to 2016. Raine & Horne Malaysia senior partner Michael Geh tells StarBizWeek he is projecting a more-than-five-percentage dip in residential transactions in 2018 although there is “still strong interest and confidence” in Penang. The first half of ... Read More
Batu Maung units snapped up
A total of 100 M Vista apartments have been taken up at a preview held at a show gallery in Batu Maung, Penang. “This overwhelming response indicates a strong demand for affordable property. “M Vista comprises 237 apartments located in Batu Maung. “The units are priced from RM345,800,” said Mah ... Read More
Condominiums and apartments overhang worsens in first-half 2017
The overhang in stratified properties or apartments and condominiums has worsened, with the number of unsold units rising 40% to 20,876 units in the first half of the year (H1 2017) from 14,792 units in H2 2016. Deputy Finance Minister II Datuk Lee Chee Leong said the 20,876 units are ... Read More
Undersea tunnel project not in jeopardy, insists main concessionaire
The consortium entrusted to construct the proposed undersea tunnel and two paired highways have downplayed a news report that the multi-billion ringgit project was in jeopardy following the move by one of its contractors, Mudajaya Group Bhd to withdraw from the RM810 million contract that it had won to build ... Read More
Government’s affordable houses may pose future threat to private developers
The government’s affordable housing schemes for Malaysians could in the future be a threat to private developers who will not be able to match the lower subsidised prices, Rehda Institute has said. Datuk Jeffrey Ng Tiong Lip, chairman of the Real Estate and Housing Developers' Association's (Rehda) research arm, said ... Read More
Offical Launching of M Vista @ Southbay
You are cordially invited to the Grand Launching of MahSing's latest project - M Vista @ Southbay. This development will feature a 23-storey serviced residence, offering 237 units of residential suites with unit size ranges from 534 sq.ft. to 1,201 sq.ft. Visit MahSing's Southbay Sales Gallery to find out more details! Date/Time 11 ... Read More
AirBnB vs. Traditional Rental Income: A Creative Way for Investors to Cash Flow?
Article by Freemind Works Many property investors do not have a solid exit plan when buying into a property. With so many properties completing and owners getting their keys, they have resorted to swapping their traditional tenant with AirBnB guest, with the assumption that this option will give better cash flow ... Read More
Hillslope and road collapses following continuous rain
A road leading to a housing area in Tanjung Bungah collapsed early this morning due to continuous rain on the island since Friday. Tanjung Bungah assemblyman Teh Yee Cheu when contacted said the incident occurred at a newly completed housing area built on a hillslope. He said the location was ... Read More
Budget 2018: What’s in it for housing?
For housing, the following was announced in Budget 2018 to ease home ownership in Malaysia: 1. The Government will continue to intensify efforts to increase home-ownership for the rakyat with an allocation of RM2.2 billion as follows: 17,300 units of People's Housing Programme;econd: 3,000 units of People's Friendly Home under ... Read More
Mah Sing to launch ‘Reinvent Affordability’ campaign
Property developer Mah Sing Group Bhd will be launching its 'Reinvent Affordability' campaign tomorrow, which will serve as a key theme in the group's business plan — to develop more affordably priced homes to cater to the market's supply demand gap. Its managing director Tan Sri Leong Hoy Kum said ... Read More
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- Jes : @Nancy Mine is 2 cp seaview RM650k. Are you interested? I will...Victor President on Affordable Housing @ The Zen
- @Betul normal people will not question someone passing through or doing something useful ..only camel...Oh nice on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @Betul Let me share your experience here. Don't buy a mix development condo if possible...AG Zen on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @Betul Same issue in Gurney bay too. That's somebody hanging around in park also at...Gurney Bay on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- So you busybody what other people are doing by the roadside but you tell me...Betul on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- So anyone who wants to hang out at the road side or a public area...Betul on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @Oh nice No I am talking about public road for vehicle not waterfont area which...Oh nice on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @Betul I was doing something productive that you don't need to know. Are you one...Oh nice on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @Oh nice The usual spot like this with an open concept will have these people...MajorArches on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- What were you doing there yourself during midnight hours? Do you have a job? Those...Betul on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
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