Nadayu plans RM800m projects in Klang Valley, Penang
Nadayu Properties Bhd aims to launch three projects worth over RM800 million in the Klang Valley and Penang within six to 10 months to grow the group and build its brand. The developer will be launching Nadayu 99 in Cyberjaya, Superlinks@Nadayu Melawati in Ampang and Nadayu 290, Bukit Gambir in ... Read More
Tambun Indah plans RM200m capex to expand landbank
GEORGE TOWN: Property developer, Tambun Indah Land Bhd, plans to spend RM100 million to RM200mil in capital expenditure (capex) this year to buy more land. Managing Director Teh Kiak Seng said the group was actively scouting for land in Penang especially in Seberang Perai. "We will spend to expand our landbank based ... Read More
Does DIBS benefit buyers?
I recently went to a SOHO launch where the developer offered a 10% rebate and DIBS (developers’ interest-bearing scheme) package. With regards to the rebate, 10% of the selling price will be waived provided the sale and purchase agreement (SPA) is signed within a certain period. I understand that the rebate ... Read More
Council slaps stop work order on developer of Paya Terubong housing project
GEORGE TOWN: The Penang Municipal Council (MPPP) has issued a stop work order on a hill-slope housing project in Paya Terubong with immediate effect. The construction site behind the residential area in Lebuh Rambai 6, has been the cause of mudflow to the houses nearby. MPPP said the notice was ... Read More
Jit Sin High gets the green light for branch school
THE Seberang Prai Municipal Council (MPSP) has given the necessary clearance for the construction of the Jit Sin High School Bukit Mertajam’s branch school in Valdor, south Seberang Prai. Municipal councillor Teoh Seang Hooi said the RM30mil building plan was unanimously passed and endorsed in a full council meeting at ... Read More
A good look at prime properties in Penang
SP Setia Bhd Group’s annual ‘Setia 4U Showcase’ is back at Gurney Plaza, Penang. The four-day exhibition, at the mall’s atrium, opened yesterday and will be on from 10am to 10pm daily until Sunday. Visitors and investors flocked to the expo to find out more about the developer’s prime projects ... Read More
Do you need a lawyer for your property transaction?
The short answer is: No, you don’t need a lawyer when you do a property transaction. Everything about conveyancing is spelt out in the National Land Code 1965, Stamp Act 1949, Housing Development (Control and Licensing) Act 1966, Strata Titles Act 1985, Banking and Financial Institutions Act 1989, and a ... Read More
Mortgage Reducing Term Assurance (MRTA) – Why Would You Need It?
If you’re taking a home loan to buy a property, chances are: you’ll be required to pay for Mortgage Reducing Term Assurance, or MRTA, by the bank as part of your loan arrangement. And if you’re one the tens of thousands of first-time home buyers out there who are wondering why you ... Read More
MPPP acts on illegal hill cutting in Bkt Gambier
GEORGE TOWN: The Penang Municipal Council (MPPP) has launched an investigation into the alleged illegal hill clearing in Bukit Gambier. The council has found traces of tree cutting and landfilling activities. It said an order was issued to stop work immediately after a site visit by MPPP with the state ... Read More
Five upgrading projects to ease traffic woes
In a bid to alleviate traffic woes on Penang island, five road upgrading projects have been put in place by the Penang Municipal Council. Its Engineering Department deputy director A. Rajendran said that out of the five projects, two had already been completed last year. “The completed projects involved the ... Read More
Weekly Newsletter
Latest Projects
TODAY'S MOST READ
RECENT COMMENTS
- PM Interested ... ...Phoebe on The Cube
- @Islander 1 hour in penang traffic could've been 15mins in good location? Why spend 1...Krie on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @Krie PICC &Queens as well. Mention location like a super prime but density over 2000+....AG Zen on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @babyfong speculator or no speculator. at least don't daydream and talk nonsense like high density...WC Ong on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @WC Ong I think you are forgetting not all home owners are speculators. I believe...babyfong on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- PM Interested ...JO on UPCOMING: Sungai Nibong / Bayan Capital Sdn. Bhd.
- PM Interested ...JO on AFFORDABLE: Pantai Jerjak / PDC Properties Sdn. Bhd.
- @Krie Location means almost nothing in Penang, within 1hour of traffic jam u can go...Islander on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @WC Ong I don't bother replying to him. The moment he talk about LOCATION, i...Krie on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @Beng Why are you writing nonsense. There's almost no debate, high density apartment are just...WC Ong 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