Banks: Eligible first time home buyers will get financing
The Association of Banks in Malaysia (ABM) says first time home buyers who are eligible will continue to be able to obtain financing. It explained that it was crucial for these buyers to also recognise the need to make sound decisions of their own affordability based on their financial circumstances ... Read More
Young Malaysian graduates rushing to buy homes out of fear
Fresh graduates feel compelled to buy property quickly because they fear prices will soon outpace the growth of their income, said Khazanah Research Institute director of research Dr Suraya Ismail. “Young people used to rent for 10 years before deciding to buy a home. However, graduates today rush to buy ... Read More
Hurry up and apply for affordable housing
Eligible Penangites should start applying for affordable housing because developers may not carry out more of such projects. State Housing Committee chairman Jagdeep Singh Deo said the profit margin of affordable housing projects was only about 20% and it was not considered lucrative for developers. “We are grateful to Penang ... Read More
Penang property market to be resilient on sustained demand
Penang’s property market is expected to stay resilient on the back of sustained demand, especially from Penangites working abroad planning to return and prospective retirees eyeing homes in the state. “There has been a slowdown in the last year. There are a few categories of investors in Penang; those who ... Read More
First Time Home Buyers 101
Buying your first home is never an easy decision. Not only it is most people’s biggest financial commitment, it can also be time-consuming and frustrating. One of the most common question asked by first time home buyer is when will be the best time to buy a property in Penang ... Read More
Joint workshop to discuss state housing policy
The Penang government and Bank Negara will hold a workshop early next month to discuss the state housing policy following a fruitful meeting between the two parties. State Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said that during the meeting recently, Bank Negara had shared the criteria ... Read More
Ivory’s WorldCity reclamation works may begin in 2Q16
After a delay of almost four years, land reclamation works on the RM10 billion Penang WorldCity mixed development in Bayan Mutiara, Penang may finally be moving forward. The joint venture (JV) between Ivory Properties Group Bhd and Tropicana Corp Bhd plans to call for tenders for the reclamation works at ... Read More
Penang Chinese Chamber Says Willing To Build RM150,000 Affordable Houses
The Penang Chinese Chamber of Commerce (PCCC) says it is willing to build the proposed new category of affordable housing units if the state government gives sufficient incentives. Datuk Finn Choong Khuat Seng, convenor of the chamber's Property Development Construction and Management Committee (PDCMC), said the committee lauds the recent ... Read More
Penang govt urged to drop low-cost home requirement
The Real Estate and Housing Developers’ Association (Rehda) has urged Penang state government to do away with requirement for developers to build low-cost housing. The chairman of its Penang branch Datuk Jerry Chan argued that the state should instead focus on “rent-to-own” scheme to help lower-income home owners. “There are ... Read More
20 Most Active Projects in Penang (October 2015)
If you ever wonder how well are the affordable housings doing in Penang, take a few minutes going through the chart below. These are the top 20 most active projects in Penang, based on the total number of project page views we have received in October 2015. With the introduction of new measures ... Read More
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- @Krie I see. Because usually Ideal is more on high density development so Queens it...Chris on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @Ryu Million dollar? You mean in Sin/USd? If a million convert to RM it around...Moon on Queens Residences 3
- @Chris No one talks about queens, why are you so agitated for? This post is...Krie on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- I am staying in Q2, the quality seriously cannot on par with IJM property like...Ryu on Queens Residences 3
- @Minion Not really PICC is alike KLCC. Muze is similar as Marriott residence both stand...Chris on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- Chris : @Krie Yes. Obviously, which meaning Queens waterfront project price will drop soon?...Minion on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- ill become a grandfather by the time this kicks off... ...Goppal Balan on Penang Undersea Tunnel project under review following PPC proposal
- Yes this is very dangerous, Previous Granito already kena, still never learn ...MajorArches on Iconic raises RM95.6mil through rights issue, plans for land purchase
- @Krie Yes. Obviously, which meaning Queens waterfront project price will drop soon? Looking forward on...Chris on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- don't just focus on quantity. focus on the quality also. look at ideal beehive projects,...Krie on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
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OTHER DEVELOPMENTS
- Affordable Housing (Penang Island)
- Butterworth Arena
- Columbia Asia Medical Centre
- Eco-Tourism Hub @ Batu Kawan
- Escape Penang – Eco Theme Park
- GBS @ The Waterfront
- GBS by The Sea
- Gurney Wharf
- IKEA Batu Kawan
- Island Medical CIty
- Kobay Jelutong
- Lin Xiang Xiong Art Gallery
- Linear Waterfront
- Mitsui Outlet Park @ PIA
- One Auto Hub @ Batu Kawan
- Penang Arts District
- Penang Eastern Seafront Development
- Penang Medical & Digital Technology Hub
- Penang Premium Outlets (Design Village)
- Penang Sentral
- Penang South Islands
- Penang Transport Master Plan
- Penang Waterfront Convention Centre
- Penang World City
- PIA Expansion
- Silicon Island
- Teluk Bahang Wellness Resort
- The Ship Campus (ALC College)
- The Top @ Komtar
- Wellness City of Dreams