Lack of information is the reason for the current residential property overhang in Malaysia, the Real Estate and Housing Developers Association (Rehda) said today. Its deputy president Datuk Soam Heng Choon said lack of data causes developers to build in locations that do not generate demand as projected during the ... Read More

Six developers will launch more than RM6.29bil worth of properties in the country this year amid a backdrop of property glut and rising bank interest rates. Ideal Property Sdn Bhd will launch properties with a total gross development value (GDV) of with RM550mil, IJM Land Bhd RM987mil, Mah Sing Group ... Read More

Situated in 12 acres land in the heart of thriving Seberang Jaya township, Sunway Carnival mall has established itself as a major suburban shopping mall since opening in 2007. The expansion will be implemented in phases with Phase 1 to be completed by November 2020, featuring more than 1.2 million ... Read More

The upgrading of the federal road from Teluk Kumbar to Penang International Airport in Bayan Lepas has been completed, making commuting between the two areas faster and more convenient. The RM207.7mil project included the upgrading of two overhead bridges, a four-lane 750m elevated structure from Jalan Teluk Kumbar to the ... Read More

The Malaysian property market is expected to remain weak in the first half of this year amid flagging demand ahead of the upcoming general election, an independent property consultant said. Knight Frank Malaysia, a unit of London-based Knight Frank LLP, said the property market is expected to continue its lacklustre ... Read More

Plans to build a flyover to reduce traffic flowing from Jalan Ayer Itam towards Jalan Thean Tek in Penang are in the pipeline, said state Local Government Committee chairman Chow Kon Yeow. He added that details of the plan would be announced later. “The flyover would probably be somewhere near ... Read More

Lifestyle luxury developer Eastern & Oriental Bhd (E&O) will remain focused on completing the reclamation of Seri Tanjung Pinang Phase 2 (STP2) in Penang by the second half of this year. According to managing director Kok Tuck Cheong, land titles for areas reclaimed above two metres chart datum (CD) have ... Read More

There was a festive mood in the air as visitors and clients gathered at the open house hosted by Paramount Utropolis Sales Gallery at Design Village Penang. They were treated to a scrumptious spread of dishes as well as local delights such as nyonya kuih, laksa, fried rice, tropical fruits and ... Read More

Wishing you a Happy and Prosperous Chinese New Year! It has been a tradition for family and friends to visit open house during this festive season. However, it is always a challenge to know who are organizing the open house event especially when it's from developers. Worry no more! We ... Read More

There has not been much improvement in Malaysia’s housing affordability despite a slow and challenging property market with little growth in transactional activity from the downtrend that was seen since 2013, according to real estate consultancy firm Rahim & Co International Sdn Bhd. Executive chairman Tan Sri Abdul Rahim Abdul ... Read More