The Penang government has introduced a new category of housing applicants for affordable housing scheme – the talented and skilled. According to the State housing exco Jagdeep Singh Deo, the new category is for knowledge workers who were employed and voting in Penang, but not necessary to have 5 years ... Read More

The Eco World Development Group Berhad (EcoWorld) continues to strengthen its presence in Penang with the opening of its sales gallery in Jalan Paya Terubong — the second one in the state. Visitors were clearly impressed with its show units that maximise the impression of space and glamour. Soon after ... Read More

IJM Land northern region senior general manager Datuk Toh Chin Leong said the group and Singapore-based Perennial Real Estate Holdings Ltd (PREH) had teamed up to acquire and develop the freehold waterfront project with a gross development value of RM4 billion. "The 13.26-hectare site in Gelugor will be developed into ... Read More

Buying home is typically the largest and most complicated financial commitment most people will ever make”. This is the phrase used whenever there is talk of homeownership and it applies to low-income households, too. First-time buyers face many barriers, one of them being the burden of monthly payments, having enough ... Read More

Titijaya Land Bhd obtained shareholders’ approval to acquire about 23 acres of leasehold land in Batu Maung, Penang to build a mixed-use development after its extraordinary general meeting (EGM) here today. The land is located within 1.5km from the Sultan Abdul Halim Mua’dzam Shah Bridge (the Second Penang Bridge). The ... Read More

Eco World Development Group Bhd (EcoWorld) is expected to launch its first project in Penang, Eco Terraces condominium, in mid-June. “Apart from being the first project for the group in the northern region, we believe Eco Terraces will also set new standards in high-rise living here,” EcoWorld president and CEO ... Read More

Population Population growth comprises two basic components - the natural population growth (birth and death), and the non-natural population growth (relocation), which by contrast may occurs quickly and unexpectedly. With natural population growth, developers can react accordingly to the market demands. They are able offset anticipatable demand by providing more ... Read More

Maintain “hold” with revised target price of RM2. Excluding exceptional items of RM103 million, E&O’s fourth quarter financial year 2015 (4QFY15) core earnings came in at only RM3.4 million. This takes FY15 core profit to RM43 million, which is significantly below consensus’ and our projection as we had earlier expected a ... Read More

Bank Negara Malaysia (BNM) has reiterated that there has been no tightening of policy for first-time home buyers. However, its governor Tan Sri Dr Zeti Akhtar Aziz said all borrowers need to be credit-worthy and therefore, there is an affordability test. "If a borrower can demonstrate that they have income ... Read More

The state government is delivering its promise of providing affordable homes to Penangites, said Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo. Out of the 12 planned projects comprising 22,512 units, four are already in progress in Bandar Cassia on the mainland, as well as Teluk Kumbar, Kampung ... Read More