Redevelopment deal of Crag Hotel stalled
GEORGE TOWN: A deal for a developer to redevelop one of the state’s oldest landmarks on Penang Hill — Crag Hotel — appears to have stalled, due to an alleged exclusion of surrounding properties in the hotel’s vicinity.Business Times has learnt that although Sri Nisuh Sdn Bhd had been initially ... Read More
MRCB climbs on coastal works deal
Malaysian Resources Corp, a property and construction group, rose to a two-week high in Kuala Lumpur trading after it won a RM40.3 million contract to carry out coastal protection works in Penang.The stock climbed 2.6 percent to RM1.99 at 9:05 a.m., set for its highest close since Nov. 17. -- ... Read More
Resort lifestyle of condo a draw for westerners, says developer
CAUCASIANS comprise the bulk of those purchasing the RM255mil Infinity Beachfront Condominium that recently clinched the FIABCI Malaysia Property Award 2011 under the residential (high rise) category. Hunza Properties Berhad executive chairman Datuk Khor Teng Tong said the project attracted Caucasians because it had access to a 105m-long beachfront as ... Read More
Tan brothers look to ‘conquer’ Penang
That was ended when it roped in Dijaya Corp Bhd. They now plan to build residential and commercial properties on the land, estimated to generate sales of some RM10 billion. This is not their first tie-up. Within the Batu Ferringi tourism belt, Dijaya has a joint-venture project called "10 Island ... Read More
Home sweet home
ALONG-AWAITED dream has come true for sistes Yap Siew Bee, 41, and Siew Thoo, 26, who have received a new low medium-cost home. “I am so happy today and I can’t wait to move into our unit when it is completed,” said Siew Bee. Siew Thoo said that previously, their ... Read More
Demand for housing likely to be stronger in H2 next year
KUALA LUMPUR: The number of applications for property development licences is expected to be slightly lower in 2012, according to Housing and Local Government Minister Datuk Seri Chor Chee Heung.“This year there is a very high number of applications. Also, the trend for the property market next year is optimistically ... Read More
Housing supply and demand – are we nearing equilibrium?
Is there any equilibrium point in housing market, considering the many factors influencing demand and supply? The main determinants of the demand for housing are demographic. Population size and population growth are the core demographic variables. However, family size, the age composition of the family, the number of children, net ... Read More
Ideas invited to make George Town vibrant
THE public can give their input on how to rejuvenate George Town in a survey to be carried out for the setting up of Asia's first Business Improvement Districts (BIDS). George Town Grants Programme director Dr Neil Khor (pic) said the George Town BIDS project was a public-private partnership where ... Read More
Malaysia property sector remains buoyant
HomeGuru.com.my country manager Steven Tan said there is a lot of interest among overseas investors to buy homes in Malaysia via the Malaysia My Second Home programme, especially in places like Sabah, Kuala Lumpur and Johor. “As for Penang, the trend is different as many locals are snapping up properties ... Read More
Mah Sing beats 2011 RM2b sales target
Mah Sing Group Bhd has surpassed its 2011 full year sales target of RM2 billion by achieving RM2.04 billion sales as at Nov 15, 2011.The property developer also has very strong earnings visibility with unbilled sales of RM2.14 billion as at Sept 30, 2011. "This is more than two times ... 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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