During an event to officiate the signing of the Sales and Purchase Agreements and balloting for Ramah Pavilion, Penang State Exco for Housing and Town & Country Planning, YB Jagdeep Singh Deo said that Penang State Government is giving top-priority to the provision of affordable housing to Penangites. The State ... Read More

Many are asking the question but so few know the answer,” quips Malaysian Institute of Estate Agents (MIEA) president Siva Shanker (pic) when asked about the impact of the GST on the housing sector. He says he speaks for his entire fraternity of estate agents when he says they are ... Read More

by Charles Tan It was an event where the ‘winners’ were happy. Of course, in any event, if you are a winner you would be happy right? Well it was a balloting event at one affordable homes project in Penang. Project Name: Ramah Pavillion. The developer is M Summit Group ... Read More

Knock, knock! Any “good” housing developers out there? I am reluctant to use the words “good developers” as the words are not in my vocabulary. However, there are responsible ones and more are joining this category. The qualities of a responsible developer are to be emulated, if you can find ... Read More

Bank Negara Malaysia (BNM) forecasts inflation for 2015 to be lower than earlier anticipated due to due to the lower energy and commodity prices. In a statement released on Wednesday, the central bank said at the Monetary Policy Committee (MPC) meeting, it was decided that the overnight policy rate (OPR) ... Read More

As property owners in the city of George Town find their old buildings appreciating in value, the Penang government's ruling to prohibit foreigners from buying landed properties on the island under RM2 million will only have a limited effect and may be counterproductive. State local government exco Chow Kon Yeow ... Read More

Real estate agents see a spurt in property activity in Penang in the first quarter of this year, spurred by an urgency to get deals closed ahead of the implementation of the goods and services tax (GST) on April 1. Raine & Horne Penang director Michael Geh said the uncertainty over ... Read More

* UPDATE: Aspen Group has now clarified that the 2nd car park is OPTIONAL! Please visit their facebook page for more details. Recently the discussion in TRI Pinnacle has caught my attention and it seems that some affordable home buyers are being asked to buy a second car park that ... Read More

All eyes will be on the affordable housing segment again this year, with residential properties priced around RM500,000, expected to drive the property market due to pent up demand. Zerin Properties CEO Previndran Singhe (pix) said the residential segment will continue to drive the property market this year, especially products ... Read More

The abandoned Majestic Heights Phase 2A Project in Paya Terubong, Penang, is still short of two purchasers for the target set by the new developer for its revival. PLB-KH BINA Sdn Bhd, the new owners of the project, had targeted 220 purchasers to register for the revival but only 218 ... Read More