The slow property market has not stopped developers from planning projects ahead. One of them is Hunza Properties Bhd that is ready to implement the first phase of its RM10bil mixed-development project in Bayan Baru in 2017. This follows the issuance of completion and compliance certificate for its 690 units ... Read More

International property consultancy firm Rahim & Co is hoping a guideline will be provided on the newly-imposed limit on sales of new homes priced up to RM300,000 for first-time home buyers. "A clearer guideline is probably required. Developers can price a project at RM300,000 a unit but it may be ... Read More

Construction industry experts warned of additional costs being passed on to property buyers following the increase in foreign workers’ levy. Master Builders Association (MBAM) even cautioned that the prices of houses could increase owing to this reason. “The levy hike will impact the construction industry,” said MBAM deputy president Foo ... Read More

Volume of transactions is expected to decline in Penang, says Henry Butcher Malaysia (Penang) Key Economic Indicator Penang’s Gross Regional Product (GRP) was mainly contributed by the manufacturing and services sectors. Manufacturing accounted for 50% of the GRP shares while 46% was from the services sector. Manufacturing’s main sub-sectors include ... Read More

The public can have access to documents and agreements for two reclamation projects in Penang starting from today. State secretary Datuk Seri Farizan Darus said the relevant documents for the two projects — 10.11ha in Pantai Jerejak and 14.16ha in Bayan Mutiara — were open for public viewing from 9am ... Read More

Eco Marina is an upcoming gated and guarded landed development by Eco World, located in the northern part of Batu Kawan. The masterplan of this development comprises a 150-acre waterfront and international standard golf course with homes offering stunning views of the sea and golfing greens. The first phase, slated for launch ... Read More

Reclamation work along Gurney Drive by Eastern & Oriental Bhd (E&O) as part of the Phase 2 Seri Tanjung Pinang (STP2) is expected to commence end this month. State executive councillor Chow Kon Yeow said the reclamation work would most likely take 18 months to complete. “Work will definitely start ... Read More

Potential first-time home buyers will have a chance to own affordable homes in environmental friendly surroundings through the Berjaya Land Berhad (BLand) Jesselton Villas project near to Penang Turf Club. Berjaya Land Bhd (BLand) executive director Eason Phan said the company was looking forward to build the 500 units of ... Read More

Penang studying plan to build cable car across Middle Bank A major realignment to the island-mainland cable car plan – Penang Sky Cab – could see passengers travelling 90m directly over Middle Bank. This change will also see the cable car station built as part of the future development of ... Read More

The other Penang poised to soar Land scarcity and sky-rocketing property prices on Penang island have driven developers and investors towards the mainland in recent years. Although the mainland property scene continues to play second fiddle to the island’s, growth in the Seberang Perai area is now accelerating and poised ... Read More