Penang developers can now use corporate guarantees
Developers in the state can now choose to settle 60% of contribution charges using corporate guarantees. Real Estate & Housing Developers Association (Rehda, Penang) chairman Datuk Toh Chin Leong said previously 60% of the contribution in the form of development and infrastructure charges had to be settled using bank guarantees, ... Read More
PR1MA launches special end-financing scheme
More than 60% of potential 1Malaysia Housing Programme or PR1MA homebuyers had to give up their booked units due to problems with end-financing. Hence, Perbadanan PR1MA Malaysia has come up with a special end-financing scheme to help increase PR1MA homebuyers’ chances of getting home loans. The new scheme called the ... Read More
Penang to absorb RM55.2m in assessment rates, GST
The Penang state government said today it will absorb RM55.19 million in assessment rates for all property owners and Goods and Services Tax (GST) for all its services in the state this year. While launching an awareness drive on the assessment rate exemption at Penang Island City Council (MBPP), Penang ... Read More
EcoWorld’s Chap Goh Meh Celebration
Our Chinese New Year is coming to an end this Saturday and let’s make a good finale to the festive with a great Chap Goh Meh celebration on the 15th day of Chinese New Year at both Eco Terraces and Eco Meadows with lots of excitement like complimentary F&B Stalls, ... Read More
First phase of Penang Sentral to be ready this year
The first phase of the Penang Sentral transportation hub is expected to be completed this year, almost a decade after the ground-breaking ceremony by then prime minister Tun Abdullah Ahmad Badawi. Planner Goh Choon Aik, who was appointed by the Malaysian Resources Corporation Berhad (MRCB), the developer for the project, ... Read More
Hua Yang Officially Launched Meritus Residensi
Hua Yang Berhad has charted a successful expansion into the Penang property market via the positive reception of its first development in the State. Meritus Residensi, which was introduced in November 2016, recorded a good take up rate of 34%. The project, which was officially launched on 31st January 2017 ... Read More
7,658 affordable units between RM300K and RM390K
Property and construction-based PLB Engineer-ing Bhd is planning to start a RM2.6bil affordable housing project in Paya Terubong in mid-2017 on a 113-acre site. Group executive chairman Datuk Seri Ong Choo Hoon told StarBiz at an AGM recently that the project would comprise 7,658 affordable units priced between RM300,000 and ... Read More
Open house by developers during Chinese New Year!
Wishing you a Happy and Prosperous Chinese New Year! Numerous open house by developers and property events during this Chinese New Year. Here's a list for you to spend your holiday to the fullest, enjoying the refreshments while searching for your dream home. EcoWorld - Happy Chinese New Year 2017 ... Read More
Penang’s landed housing market stays firm
With the preference for landed homes among homebuyers in Penang, the landed residential property segment in the state is expected to remain firm, according to CBRE|WTW Penang. "As of 3Q2016, the existing supply of landed homes in Penang stood at 150,307 units, of which 75% were on the mainland. New ... Read More
Waterside Residence 70% sold!
IJM Land Bhd, the property development arm of IJM Corp Bhd has seen 70% of its Waterside Residence at The Light in Penang taken up over its launch last weekend. “Buyers at the new condominium are mainly locals and are capitalising on the strategic location and upcoming surrounding lifestyle amenities ... Read More
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- different is the bad location, spec lousier and higher density. two tower gimmick for sales...Lim on AFFORDABLE: Jelutong / Acara Prestasi Sdn. Bhd.
- I studied this before using google map. Full Penang bridge view depend on you are...Hemsley on Mezzo at The Light City – Luxurious seafront condo
- @ Jay, Many thanks for your advise. Will go to IJM office. Thanks ...kingkong on Mezzo at The Light City – Luxurious seafront condo
- @kingkong As i mentioned above, you can go IJM office to take a look their...Jay on Mezzo at The Light City – Luxurious seafront condo
- Hi All, Is the Tower B unit 1 to unit 4 facing sea view will...kingkong on Mezzo at The Light City – Luxurious seafront condo
- I would say that Mezzo got great potential for better rental yield. The rest very...Hemsley on Mezzo at The Light City – Luxurious seafront condo
- @huat Thanks again for your response. Excellent analyses. Yeah, I concur there’s not a single...Anon on Mezzo at The Light City – Luxurious seafront condo
- @Beng Thanks for the reply. Seems like they are targeting a niche market, and not...Anon on Mezzo at The Light City – Luxurious seafront condo
- @Anon Well, I personally believe higher yield cannot be attributed alone to cheaper purchase price,...huat on Mezzo at The Light City – Luxurious seafront condo
- @sun You should know better than anyone here if you own or stay in Q2....Coffee or Tea on Queens Residences 3
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