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Tackling the problem of high household debt
There has been some trepidation over just what Bank Negara has up its sleeve in trying to tackle rising household indebtedness in the country. Indications given previously were that new guidelines to address the issue of affordable borrowing and responsible lending would be out this quarter. The reason for this ... Read More
Kelisa Residence Condominium
Kelisa Residence, another condominium development by Tambun Indah in Seberang Jaya, Penang. This project comprises: Type A: 1,549 sf. Type B: 1,323 sf. Type C: 1,097 sf. Features: - Located at heart of Seberang Jaya, near Carrefour Hypermarket - Low density development, only 16 units per floor, total 142 units ... Read More
SP Setia gets nod to build extra units on Penang Island projects
SP Setia will develop the Penang People's Park project on the grounds of the Penang International Sports Arena (Pisa). Pisa is an indoor sports arena close to the Penang International Airport. GEORGE TOWN: The Penang government has set a precedent for housing developers in the state by allowing SP Setia Bhd ... Read More
Bank Negara move can affect housing demand
GEORGE TOWN: Slower affordable property launches and less demand for such properties are some of the consequences of the proposed move by Bank Negara to assess housing loans on net income rather than on gross income. Registered and chartered valuer C.A. Lim & Co proprietor Lim Chien Aun told StarBiz ... Read More
PLB acquires half share in two pieces of land in Penang
KUALA LUMPUR: PLB Engineering Bhd's wholly-owned subsidiary, PLB Land Sdn Bhd, is acquiring half share over two pieces ofland in Teluk Ketumbar, Penang, from Puan Che Siah Ibrahim, for RM4.2 million.The purchase of the land measuring 17,681.4712 square meters and 5,916.5035 square meters, respectively, would be financed via internally generated ... Read More
Property players concerned over new housing loan criteria proposal
KUALA LUMPUR: A proposal to change the way housing loans are approved has property consultants and analysts worried as they felt loans given based on net income as opposed to gross income would dampen demand for housing. Some banks, however, don’t have an issue with the proposed changes as one ... Read More
Depleting landbank may prompt BRDB to sell assets
Kuala Lumpur: Bandar Raya Developments Bhd (BRDB) may sell its prime assets to buy more land in the Klang Valley, Penang and Johor as its current landbank is depleting, analysts said. It may agree on a price of RM1.2 billion, which is about 27 per cent more than their book ... Read More
E&O deal hogs limelight
The pundits have it. For the last month or so, the rumour mill was working overtime around Eastern & Oriental Bhd (E&O), the luxury lifestyle property developer, that a merger or acquisition was in the works. First came the persistent speculation that SP Setia Bhd would merge with E&O, which ... Read More
Property loans to keep lead
PETALING JAYA: Analysts expect property loans to maintain their position as a key growth driver of credit expansion with some estimating them to grow between 10% and 12% this year due to the low interest rate environment and ample liquidity in the banking system. While holding to this view, some ... Read More
Exhibition with the best deals in decor and electrical items
VISITORS to the Perfect Livin ’11 Home & Lifestyle Exhibition at the Penang International Sports Arena (PISA) can expect good deals and discounts on a wide range of home decor and home living products. The one-stop solution, held until tomorrow, from 11am to 9pm, features more than 400 booths offering ... Read More
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Latest Projects
TODAY'S MOST READ
RECENT COMMENTS
- 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
- Obviously a lot of sour grapes here. Hating the rich is what's keeping you poor....millionaire on Queens Residences Q3
- The pain point for this project 100% is due to 10 level of car park...TruthMe on Muze @ PICC
- @chooiyi Same. Yesterday I went to Q1 for lunch & aircond not working. Quite lousy....AG Zen on Queens Residences Q3
- @chooiyi I went to Q2 for dinner at different restaurants did not encountered any abnormality...millionaire on Queens Residences Q3
- chooiyi : Went to Q2 for dinner last night, not sure whether aircond not...Minion on Queens Residences Q3
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- Penang Arts District
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