Eastern & Oriental Bhd’s (E&O) subsidiary Tanjung Pinang Development Sdn Bhd has acquired 100% equity interest in two shelf companies, namely, Persada Mentari Sdn Bhd and Junjung Angkasa Sdn Bhd. Both companies were incorporated as private limited companies under the Companies Act 2016 with an issued and paid-up share capital ... Read More

Population is the key driver of growth in property market. Here is a comparison between two affordable projects - highly populated area in mainland versus a less populated area in the Island. Take a look at the comparison between the two projects below. Despite Quinton offers cheaper options in the ... Read More

The Malaysia My Second Home (MM2H) programme under the Ministry of Tourism and Culture is looking to roll out several initiatives to strengthen the programme, possibly from the third quarter of 2017. Among them is a plan to raise the visa fee for the Social Visit Pass by 30% to ... Read More

Eastern and Oriental Bhd (E&O) launched its final batch of landed residential properties at Seri Tanjung Pinang 1 here, yesterday. The final release comprises just 35 units of terraced houses in the second phase of Ariza Seafront Terraces. The 2.5-storey freehold terraced houses have built-ups ranging from 3,236 sq ft ... Read More

The undersupply of affordable houses in Malaysia may worsen, given current income and demographic factors, according to Bank Negara Malaysia's 2016 Annual Report. Bank Negara said since 2012, the increase in house prices in the country had outstripped the rise in income levels. "Consequently, prevailing median house prices are beyond the ... Read More

Penang has made the tourism headlines again after Gurney Drive was listed in the "Best streets for tourists to visit around the world: 25 to see before you die" list by Traveller, an Australian travel resource. Gurney Drive was in 13th place which is sandwiched by Hollywood Road in Hong ... Read More

Property developer Eco World Development Group Bhd is confident of hitting its sales target of RM4bil this year after securing more than RM900mil in the first four months of the company’s current financial year ending Oct 31, 2017. President and chief executive officer Datuk Chang Khim Wah said sales this ... Read More

Foreigners buying landed properties in Penang island can now only do so if the property is priced above RM3 million. The Penang government has agreed to halve the approval fee for foreign purchasers of some stratified properties on the island from three per cent to 1.5 per cent. The reduction ... Read More

The sale and transfer of property valued at RM500,000 and below will now be subjected to a 1% conveyancing fee. Taking effect today, it came about with the revision of the fee structure in the Solicitors’ Remuneration Order by the Bar Council last year. The revision, which was approved by ... Read More

The economic climate has not deterred developers from planning multi-billion ringgit projects in Penang. The general consensus is that the current slow period is part of the property cycle and not something sinister like the 1997/98 Asian Financial Crisis. In time, the situation will turn around and they are preparing ... Read More