Property News

affordable-housing-penang

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 ... Read More
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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 ... Read More
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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 ... Read More
undersea-tunnel-penang

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 ... Read More
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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 ... Read More
m-vista-launch

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 ... Read More
noairbnb

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 ... Read More
landslide

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 ... Read More
budget2018

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 ... Read More
m-vista-southbay-launching-f-p

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 ... Read More