SP Setia must take possession of Pisa first
THE timing of property developer SP Setia Bhd's new launches for its 2012 fiscal year in Penang appears to hinge on whether the company is given vacant possession of the Penang International Sports Arena (Pisa) by the first quarter of this year to build the RM300 million Subterranean Penang International ... Read More
Rehda: Property prices will continue uptrend in H1
KUALA LUMPUR: A majority of developers expect property prices to continue climbing in the first half of the year in tandem with rising costs.In a recent survey of members by the Real Estate and Housing Developers’ Association Malaysia (Rehda), about 74% of respondents surveyed generally felt that prices would be ... Read More
Rising confidence in property mart: Napic
KUALA LUMPUR: Higher housing starts and building plan approvals last year signify confidence of developers and investors in the development activity, said National Property Information Centre (Napic) director Dr Zailan Mohd Isa. Some 400,000 transactions valued more than RM100 million were undertaken during the first three quarters of last year. Zailan ... Read More
Affordable housing coming up
A DEVELOPER is building 554 low medium-cost apartment units along Lebuhraya Halia in Tanjung Tokong, Penang. Currently 30% complete, the 38-storey Taman Bukit Erskine developed by Ivory Villas Sdn Bhd, a subsidiary company of Ivory Properties Group Berhad, is expected to be completed in 2014. Ivory Properties Group Berhad executive ... Read More
Gurney Paragon set to welcome RM35m F&B investments
GEORGE TOWN: Penang is set to welcome investments totalling RM35 million this year from food and beverage operators into phase one of the Gurney Paragon development on Gurney Drive. The project's developer, Hunza Properties Bhd (HPB), has already seen the entry of nine tenants into Phase 1B of its multi-billion ... Read More
Volatile year for real estate investment trusts
PETALING JAYA: Headwinds from the gloomy global economic and financial fronts, particularly in the United States and the eurozone, will pose challenges to the performance of the local real estate investment trusts (M-REITs) this year. According to Malaysian REIT Managers Association chairman Stewart Labrooy, the M-REIT sector will face slower ... Read More
When informed decisions go awry
Making investments with money you don’t have and with information you should not be privy to is both morally and legally wrong LAST year, a young entrepreneur turned property investor lost his business outfit. Although his monthly income fluctuated somewhat month-to-month, he was able to get loans from the banks ... Read More
Clear signs of recovery in property: HwangDBS
These are seen in the take-up rate for The Binjai on the Park condominium project at the Kuala Lumpur City Centre, which has picked up from 10 per cent in July 2009 to 35 per cent out of its 171 units. "Compared with the initial launch in August last year ... Read More
Belleview plans RM500m property launches this year
GEORGE TOWN: Penang-based property developer Belleview Group will unveil new projects with a development value in excess of RM500 million this year in the northern region. Its managing director, Datuk Sonny Ho, yesterday said besides two launches on Penang island, the company is also set to launch first condominium project ... Read More
Penang taken to task over worsening traffic woes
THE state government is not efficient in tackling traffic woes in Penang, especially on the mainland, claimed state Gerakan Environmental Bureau chief Tan Chai Liang. “If anything, the so-called effort by the state government through its car-free day campaign and bicycle-riding programmes failed to counter the worsening traffic problems in ... Read More
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- @babyfong From his logic, the most ideal location is same building as his office, just...Islander on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @Krie Surely there is a sweet point of acceptance between jam and distance, just giga-big...Islander on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @Krie I agree with you, 15min is better. But when so many rather jam 1-2hour...Islander on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @WC Ong I think you misunderstood me on the case of "not speculator" & "owner...babyfong on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- Lol...After The Muze, now The Senze with 1,6k units small studio type with 1 Car...MajorArches on Senze @ PICC
- Anyone view this project? is the location good? ...joey on Senze @ PICC
- 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
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