Most developers are pessimistic on future sales performance, with 76% out of 153 respondents anticipating that their sales will be below 50% in 2H2017 and 1H2018, according to a survey by the Real Estate Housing Developers Association (Rehda) titled “Property industry survey 1H17 and market outlook for 2H17/1H18” in Peninsula ... Read More

Eastern & Oriental Bhd expects a strong financial performance this year from the ongoing sale of its properties and the planned disposal of several major non-core assets. The property developer has RM840.6mil in unbilled sales, which will be recognised progressively over the next two years. It has also identified seven ... Read More

Wanted to stay near IKEA? You have a few options with price starting from RM72,500 onwards. With Suria @ Hijau E-Komuniti affordable units now open for public (open market), you can now grab a 1,000 sq.ft. unit for less than half the price of a similar size in Vertu Resort ... Read More

Work on the Suria 1 affordable housing project in Bandar Cassia, Batu Kawan, comprising 520 units by the Penang government has been completed. The project, which comprises three blocks of medium and low medium-cost units, is the first phase of the 25-stage plan to build 11,800 residential units and 200 ... Read More

The first phase of the RM10bil Aspen Vision City in Batu Kawan is scheduled for completion at the end of next year. The first phase comprises an Ikea store, Columbia Asia Medical Centre and Vervea, a commercial project. Aspen (Group) Holdings Ltd president and chief executive officer Datuk M. Murly ... Read More

Article by Freemind Works To own our own home is viewed by society as one of the key milestones of being successful. Hence, we will almost always buy a property for our own stay first. However, with the rising home prices and the fact that our salary or income is still ... Read More

Work on Jalan Bukit Kukus, the alternative road linking Lebuhraya Thean Teik in Bandar Baru Air Itam to Lebuh Bukit Jambul in Penang is progressing slightly ahead of schedule. The project, which began on Jan 15 last year, is slated to be completed on Jan 14, 2019. Penang Island City ... Read More

Perbadanan PR1MA Malaysia (PR1MA) is planning to develop two new townships in Teluk Kumbar, Penang and Teluk Intan, Perak. Its chief executive officer Datuk Abdul Mutalib Alias said the ongoing projects, however, are subject to approval by the respective state governments. “We will announce both projects to the public once ... Read More

Cheers and Swedish meatballs liven up Batu Kawan today as IKEA marked the start of construction for its first store in Northern Malaysia. IKEA co-workers, business friends and government officials came together for a groundbreaking ceremony at the site for IKEA Batu Kawan, Penang. The event gave visitors a taste ... Read More

Penangites alothe island’s north coast seem divided over the North Coastal Paired Road (NCPR) project. Some residents in Tanjung Bungah want the road plan scrapped but many in Batu Ferringhi and Teluk Bahang want it as soon as possible. “Do you know what it was like after the recent big ... Read More