Why developers cannot afford to build affordable houses Imagine you were offered a job with a salary which was insufficient to cover all your basic expenses like food, childcare, petrol and mortgage. Would you take the offer? I believe the immediate response to the question would unanimously be “No!” More ... Read More

Affordable housing remains a key priority for the Penang state government, which has embarked on 12 affordable housing projects in all five districts of the state, which will see some 22,512 units of affordable housing being delivered within the next 15 years. Penang Chief Minister Lim Guan Eng (pictured) said ... Read More

The SMJK Heng Ee branch in Jalan Sungai Tiram 1 in Bayan Lepas, Penang, will be able to take in 3,000 students once it is ready in 2018. Construction of the RM50mil school project has entered its second phase with a six-storey academic building costing RM20mil. It will have 96 ... Read More

There has been much debate about overcrowded homes, especially given the rise in the number of properties being converted into hostels, whether for students or foreign workers. Those living near such houses would argue that a double-storey terrace house would be unfit for more than eight tenants, at most. Landlords, ... Read More

All major roads and highways in Penang will have dedicated bicycle lanes, said Chief Minister Lim Guan Eng. He said the state government was giving special attention to complete the lanes on these thoroughfares by 2020. He said among the routes where such lanes would be created were from Seri ... Read More

Penang Development Corporation (PDC) has inked a joint venture agreement with two Singapore-based companies to develop a RM1.3bil Business Process Outsourcing Prime (BPO-Prime) Complex in Bayan Baru. The complex will be built on a 2.8ha of land where the PDC office is located currently. Chief Minister Lim Guan Eng, who ... Read More

Be ready to be spoilt for choices with all the seemingly endless possibilities been offered in Mont Residence at Tanjung Tokong. In this unique offering, security check point will start from guard house. Access cards are needed to access the entrance to lift lobby, access to car park and also ... Read More

by Charles Tan According to Affin Hwang Capital Research, the property market of Penang will continue to be supported by the many major projects driven by public-private partnerships (PPPs). Some of them include the RM27bil Penang Transport Master Plan (PTMP) as well as a proposal for a RM11.3 billion business ... Read More

The Penang property market had an eventful first quarter, and the positive sentiments and values are expected to sustain, according to Raine & Horne International Zaki + Partners Sdn Bhd director Michael Geh. He attributes the upswing to the implementation of the Goods and Services Tax. “In the first three ... Read More

* Article by Freemind Works * Buying a property for the purpose of investment is one of the best decision one can make. However, deciding what to do with the property after we get the keys is another ball game altogether. Click here to download the FREE E-book and discover ... Read More