Property News

top-10-2017

Top 10 most popular projects in 2017

The most viewed project of 2017, according to Google Analytics data (up until 27/12/2017), is the review of Novus condominum at Sungai Nibong. This project is no doubt the most popular project in 2017 and has been sold out. In ... Read More
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Slight improvemet in industrial property

Despite the prevailing economic uncertainties, industrial property sales in Malaysia are expected to increase at a moderate pace next year, while the increase in value of transactions is projected to stay at a low single-digit percentage. According to Raine & ... Read More
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Applications for MyDeposit 2018 opens today

The applications for the First House Deposit Financing Scheme or MyDeposit for next year will be opened from tomorrow (Dec 15) until Feb 15, 2018. Deputy Urban Wellbeing, Housing and Local Government Minister Datuk Halimah Mohamed Sadique said the public ... Read More
20161207_PLA_PENANG _PHOTO BY SAM FONG

George Town among cheapest cities for expats in Asia

George Town in Penang and Johor Bahru in Johor were identified as some of the cheapest locations for expatriates in Asia, according to research by ECA International. The two cities join Mongolia’s capital Ulaanbaatar, Yangon (Myanmar) and Karachi (Pakistan) as ... Read More
penang-market

No bubble in property sector

Some global property markets are overheated at the moment, but Malaysia certainly is not in the bubble territory. In those markets that are overheated, home prices are rising faster than salaries amid slow demand. There is also rising interest rates, ... Read More
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Discover Balik Pulau

GM Training Academy will be organizing “Discover Balik Pulau”, a holiday event at Botanica Mansion on 16th December 2017. Event highlights: Discover Balik Pulau Tour Balik Pulau talk by Miichael Yeoh Botanica Mansion heritage tour Kids Coloring contest (Please bring ... Read More
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Penang has its own unique demand, pricing and prospects

Penang-based property developer Asas Dunia Bhd said the Government’s blanket freeze on properties worth RM1mil and above is not the solution to the rising unsold properties in the country. Its managing director Datuk Jerry Chan said: “A blanket freeze is ... Read More
pia

Penang airport expansion to provide for 12mil passengers

The capacity of Penang International Airport (PIA) will expand by almost 100% from 6.5 million passengers to 12 million, said Chief Minister Lim Guan Eng. He said this was according to a written reply by Transport Minister Datuk Seri Liow ... Read More
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Is the freeze on high-rise residences above RM1m warranted?

by Previndran Singhe I must applaud the Malaysian government’s responsiveness in trying to manage the perceived property bubble, with specific focus on the residential luxury market. When we were in university, we were told that a property bubble is usually ... Read More
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Indefinite freeze on luxury properties

The government today announced an indefinite freeze on the development of luxury properties worth more than RM1 million per unit. The freeze, according to Second Finance Minister Johari Abdul Ghani, had come into effect since Nov 1. He said Cabinet ... Read More