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Moderate price hikes seen for houses

Moderate price hikes seen for houses

Although the demand for residential properties in the Klang Valley is expected to remain good this year, property consultants expect prices of landed housing to show only moderate increases compare with the double-digit jump in 2010.Landed property prices grew strongly last year, up by as much as 20% in some ... Read More
Atlan to dispose of assets for RM33m

Atlan to dispose of assets for RM33m

ATLAN Holdings Bhd has agreed to dispose of two pieces of land in Batu Ferringhii, Penang, together with a single-storey sales office for RM33 million cash. The sales proceeds will be used to repay bank borrowings as well as for working capital, the firm told Bursa Malaysia yesterday. The proposed ... Read More
Atlan Holdings shareholders approve Penang land sale for RM145m

Atlan Holdings shareholders approve Penang land sale for RM145m

KUALA LUMPUR: Shareholders of Atlan Holdings Bhd have approved of the disposal of seven tracts of freehold land measuring a total 61.03 acres in Penang to Utara Malaya Realty Sdn Bhd for RM145 million cash.In a filing to Bursa Malaysia on Wednesday, Mar 16, the group said its shareholders had ... Read More
'Growth in prime property values to slow'

'Growth in prime property values to slow'

Property values in the Klang Valley, Penang and Johor are expected to grow at a slower pace this year due to high supply and speculation activities, a real estate services company says.CH Williams Tahir & Wong's managing director, Foo Gee Jen, said this year's growth in the prime areas was ... Read More
Prestige V

Prestige V

Prestige V, a freehold residential project comprises 74 terrace house, 6 semi-detached and 1 bungalow units. Strategically located in Batu Maung, an easy access to Bayan Lepas Industrial Area and Penang International Airport. A mere minutes drive to the proposed Penang second bridge which is due for completion in 2013 ... Read More
Affordable homes a state priority

Affordable homes a state priority

The Penang Government will provide incentives to encourage developers to build more low and medium-cost (LMC) houses as well as mid-range units on the island.State Town and Country Planning and Housing Committee chairman Wong Hon Wai said the government would ensure there was sufficient supply of mid-price range housing to ... Read More
Processing stage and registration stage

Processing stage and registration stage

1. Pre-Registration Stage: Contract of Sale There are 2 types of sale and purchase of property, namely: a) Purchase from property developers (Primary Sale) The sale and purchase of property (housing accommodation) which is under construction from a property developer is governed by the Housing Development (Control and Licensing) Act, ... Read More
Buying that first home

Buying that first home

While many young potential house buyers welcome the new My First Home scheme, those living in big cities with soaring property prices say owning a house remains an elusive dream. IF there is one regret that widow Noraini Abdullah has in her life, it is that at 60, she is ... Read More
BLR discount for young house buyers under scheme

BLR discount for young house buyers under scheme

KUALA LUMPUR: Young Malay­sians eligible for housing loans under the My First Home Scheme will be charged an interest rate or profit rate of base lending rate (BLR) minus 1.8% for the duration of their loan. A person has to be no more than 35 years of age when applying ... Read More
Build-then-sell concept gives buyers more protection

Build-then-sell concept gives buyers more protection

Gevanantham Marimuthu (Geva) has been waiting for over a decade to move into his Lembah Beringin home he bought in the late 1990s, 50km from Kuala Lumpur. Today, Geva, alongside some 2,000 others in that area, have not moved into their dream homes because the project has been abandoned. Geva ... Read More