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News & Articles

SMJK Heng Ee branch school building plan on track

SMJK Heng Ee branch school building plan on track

THE SMJK Heng Ee branch school building project in Sungai Tiram, Penang, is moving ahead. The project’s special committee deputy chairman Datuk Alex Ooi(pic), who is also a director of the Heng Ee School Board, said land clearing works were currently being carried out on the 3.23ha plot. He said ... Read More
Lights on at second Penang bridge, to open to traffic soon

Lights on at second Penang bridge, to open to traffic soon

The commissioning of power supply to the second Penang bridge has been completed. All the street lights on the 24km-long bridge was lit up during an exercise yesterday. It is understood that the bridge is expected to be completed by Nov 8 and will be opened to the public several ... Read More
Only World Group won open tender to rejuvenate Penang’s Komtar

Only World Group won open tender to rejuvenate Penang’s Komtar

KOMTAR — arguably Penang’s best known landmark — will be revitalised to become one of the top tourism draws in the state. Chief Minister Lim Guan Eng said the state wanted to bring back the past glory of the iconic tower. “At one time, it was the main shopping centre ... Read More
Budget 2014: Property measures timely

Budget 2014: Property measures timely

PROPERTY consultants and analysts described the proposed new real property gains tax (RPGT) regime and the removal of the developers interest bearing scheme (DIBS) as both timely and much needed in view of the speculation in the property market of late. All of them agree that the overall budget for the property sector is good and are ... Read More
Budget 2014 Highlights (Property Sector)

Budget 2014 Highlights (Property Sector)

(Prime Minister's speech on property sector) Goods and Services Tax (GST) Sale, purchase and rental of residential properties as well as selected financial services are exempted from GST. Increasing Home Ownership The recent sharp increase in the prices of houses has affected the ability of the rakyat to purchase houses ... Read More
Expert: Penang property market speculative in nature

Expert: Penang property market speculative in nature

It is not fair to compare property prices in Penang with those in Singapore and Hong Kong, says CA Lim & Co’s principal Lim Chien Aun. “No doubt among the cheapest in the region, Penang, however, is not a financial centre like Singapore and Hong Kong, where there is substantial ... Read More
Property outlook optimistic but cautious: MIER

Property outlook optimistic but cautious: MIER

The Malaysian Institute of Economic Research’s Q3 residential property survey saw its residential property index (RPI) fall to the lowest level in four quarters but still staying above the 100-point demarcation level at 118 points. It said this suggested confidence in property remained, but was trending downwards and implied cautiousness ... Read More
Zeti: No asset bubble, M’sia has addressed many issues, risks related to it

Zeti: No asset bubble, M’sia has addressed many issues, risks related to it

There is no reason to believe that Malaysia has seen the formation of an asset bubble that is about to burst, as the country has addressed many of the issues and risks related to it, Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz (pic) has said in a Bernama ... Read More
Leave RPGT alone, Govt urged

Leave RPGT alone, Govt urged

The Federal Government should leave real property gains tax (RPGT) alone in the 2014 Budget. New Bob Group director Dr Lee Ville said that if the RPGT is increased, then it will dampen the property market, which has already started to cool. Lee is also president of ERA Malaysia, which ... Read More
Second Penang bridge ready for use

Second Penang bridge ready for use

The second Penang bridge is now 99% complete and the launching date will be determined by the Federal Government some time next month. Jambatan Kedua Sdn Bhd (JKSB) managing director Datuk (Ir) Dr Ismail Mohamed Taib said they hoped to wrap things up by Nov 8. The Batu Maung interchange ... Read More