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Ten firms shortlisted for Penang Turf Club project
The turf club is the single largest prime land plot owner in George Town. Mah Sing Group Bhd (8583) group chief executive Tan Sri Leong Hoy Kum confirmed that the company has indicated its interest for the Penang Turf Club land. "We are always on the lookout for good development ... Read More
First home scheme to attract young buyers
PETALING JAYA: To promote home ownership among Malaysians, the Government has proposed to introduce First Home Scheme whereby Cagamas Bhd will provide a guarantee on the 10% down-payment for houses priced below RM220,000.The scheme is for first-time house buyers with monthly household income of less than RM3,000. It is aimed ... Read More
Boutique hotel with historic charm From a bungalow to a budget hotel, the building is restored to its original form
AFTER undergoing a RM5mil conservation work, a budget hotel has been transformed into a cosy boutique hotel with excellent amenities in the heart of George Town, Penang.Exuding a historic charm for those seeking to relax in a place of rich culture, the newly restored Yeng Keng Hotel on Chulia Street ... Read More
Mayland plans RM2b maiden project in Penang
MALAYSIA Land Properties Sdn Bhd (Mayland) aims to launch its maiden project in Penang, a high-end seafront mixed development worth more than RM2 billion by 2013. The company is looking at buying 12ha in Penang island, some of which will include reclaimed land, said its director Andrew Chiu. "We want ... Read More
Tighter BNM rules on property sector likely
The Government is expected to adopt tighter regulations in the 2011 Budget to curb potential dangerous run-up in consumer credit card spending and speculative activities in the property market.“We believe Bank Negara Malaysia (BNM) is focusing on tackling household debt in 2011 to promote healthy credit card spending,” said Kenanga ... Read More
PJD to launch projects worth RM2b next year
PJ Development Holdings Bhd (PJD) (1945) is set to unveil three new projects worth over RM2 billion next year as it is bullish that market will perform better on pent-up demand for high-end properties. Managing director Wong Ah Chiew said he is confident that the new projects, located in hot ... Read More
Mah Sing on aggressive land acquisition trail
Group managing director Tan Sri Leong Hoy Kum said the company is on an aggressive land acquisition trail. For government land, Leong said Mah Sing is open to cooperation with relevant government-linked companies, but he declined to disclose the name of the company it is talking to. "We are confident ... Read More
Increase in property gains tax unlikely
PETALING JAYA: The property market, especially in the Klang Valley and Penang, are showing signs of getting frothy, so much so that talks about higher tax on property gains are getting louder as Budget 2011 announcement gets nearer.Re-introduced earlier this year at the rate of 5% after a three-year hiatus, ... Read More
Sales of high-end properties still brisk
PETALING JAYA: High-end properties, especially condomimiums costing RM1mil and above, are still enjoying good sales backed by favourable financing, although some buyers are turning cautious in anticipation of upcoming budget measures to cool the property market.“Currently, we do not feel there is pull back on banks in financing for high-end ... Read More
Landowners cry foul over ‘cheap’ acquisition of their plots
BALIK PULAU: Landowners in two villages here are getting a raw deal from the Penang Government which is acquiring their land for less than half the market value, according to an Umno leader.Balik Pulau Umno Youth chief Aziaan Ariffin claimed that the state was acquiring the plots in Pondok Upeh ... Read More
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- Ryu : @millionaire What is definition of rich? Agent told me Queens residence is...Minion on Queens Residences Q3
- Quaywest is a mixed development of affordable house and high density service apartment, built on...Ryu on Queens Residences Q3
- June is coming, wondering apa cerita sekarang. ...Pet on VOS Lifestyle Suites
- @Ryu QuayWest is very high-end ...AG on Queens Residences Q3
- Signed SPA, anyone also get VP 54 months? ...DoubleU on London Pavilion
- I want to know more about this project, please any agent to contact me. thanks....Andrew on Avion Residence
- @millionaire What is definition of rich? Agent told me Queens residence is just a normal...Ryu on Queens Residences Q3
- @LivingAtWR Q1 &Q2 not a good development as not well maintained even the promenade I...AG Zen on Queens Residences Q3
- @KC ALl of the light phase1 & phase 2 residential are not allowed for abnb...LivingAtWR on Queens Residences Q3
- i always wondered why they dont design long inclining ramp for multi storey carparks exceeding...Goppal Balan on Muze @ PICC
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