First phase of RM10bil integrated waterfront project selling well
TROPICANA Bay Residences, the first phase of the RM10bil Penang WorldCity (PWC), has been selling briskly since it opened for booking in February. A total of 85% of its 906 condominium units have been snapped up, generating RM540mil for the developer Tropicana Ivory Sdn Bhd (TISB). TISB is a joint ... Read More
Bank Negara’s new circular meant to be a “property financing guide”
Property sources said Bank Negara’s new circular which bans interest capitalisation schemes (ICS) is not an attempt to fine-tune the measures proposed for the property sector under Budget 2014 but is merely “a guide for banks” when they finance house purchases. The new circular, effective Nov 15, which strikes at the ... Read More
Pressure on property, new ruling likely to impact housing loan growth
A new circular from the central bank that took effect last Friday will pile more pressure on an already hard-hit property sector, even if its merits are likely to be felt in the long-term, analysts and industry executives said. In a bid to make the property market sustainable, the new ... Read More
RPGT won’t hurt genuine buyers
Banning DIBS is the right move FOR many years, the National House Buyers Association (HBA) has been urging the Government to take measures to stem the steep rise in property prices to avoid a “homeless generation” as current property prices are far beyond the reach of many low and middle-income families in ... Read More
Opening of second Penang bridge put off again
Motorists eager to try out the second Penang bridge linking Batu Maung here and Batu Kawan on the mainland will have to wait a little longer. Expectations of travelling on the 24km bridge – the longest in South-East Asia and 20th longest in the world – ran high after it ... Read More
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
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
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
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)
(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
Weekly Newsletter
Latest Projects
TODAY'S MOST READ
RECENT COMMENTS
- Jes : @Nancy Mine is 2 cp seaview RM650k. Are you interested? I will...Victor President on Affordable Housing @ The Zen
- @Betul normal people will not question someone passing through or doing something useful ..only camel...Oh nice on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @Betul Let me share your experience here. Don't buy a mix development condo if possible...AG Zen on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @Betul Same issue in Gurney bay too. That's somebody hanging around in park also at...Gurney Bay on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- So you busybody what other people are doing by the roadside but you tell me...Betul on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- So anyone who wants to hang out at the road side or a public area...Betul on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @Oh nice No I am talking about public road for vehicle not waterfont area which...Oh nice on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @Betul I was doing something productive that you don't need to know. Are you one...Oh nice on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @Oh nice The usual spot like this with an open concept will have these people...MajorArches on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- What were you doing there yourself during midnight hours? Do you have a job? Those...Betul on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
SHOW MORE COMMENTS
Latest Property News
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