News & Articles
Investing in property – a must for young adults?
If you are aged between 18 and 34, then you are categorised as millennials, also known as Gen Y. At this age, it is a good time to consider investing in property. Investing in property is certainly not easy, and most youngsters hesitate to invest due to several uncertainties. Long-term investing is challenging ... Read More
Banks hampering state’s efforts to provide affordable homes, says Jagdeep
The high rejection rate for housing loan applications is making it a challenge for the state government to provide the people of Penang with an affordable roof over their heads. In a letter to Bank Negara governor Tan Sri Datuk Sri Dr Zeti Akhtar Aziz, the state government called for ... Read More
Does the state government have power to set prices of houses?
Revently, the Negri Sembilan government announced that it will control the price of houses to be built within its state. Mentri Besar Datuk Seri Mohamad Hasan said this is one of the fundamental keypoints of the new state housing policy, which will be finalised soon. "In this new policy, 15% ... Read More
Post-GST and Impact to the Property Investors: What’s next?
* Article by Freemind Works * We are coming into the third quarter of the year, and is now in the so called post-GST era. Whilst some argue that it is still too “early” into the GST implementation to really read the property market, some said it’s the best time ... Read More
Steady property demand in Penang
An increasing population in Penang coupled withlong-term property demand will be supported by major projects driven by public-private partnerships (PPPs), according to Affin Hwang Capital Research. Among the PPP projects, the largest being the RM27bil Penang Transport Master Plan (PTMP), could be awarded by September. Singapore’s Temasek Holdings also has ... Read More
Gamuda, IJM Corp, E&O top buys for exposure to Penang
Affin Hwang Capital Research has Gamuda, IJM Corp and Eastern and Oriental (E&O) as its top Buys for infrastructure and property exposure to Penang. It said on Monday Penang was forging ahead with development through public-private partnership (PPP) projects. The RM27bil Penang Transport Master Plan (PTMP) is the largest PPP ... Read More
Ewein Unit To Build ‘Wellness City Of Dreams’ In Penang
Ewein Bhd's unit Ewein Zenith Sdn Bhd has received a letter from the Ministry of Domestic Trade, Co-Operatives and Consumerism conferring the unit as the Champion of Entry Point Project 10 (EPP 10)-Wellness Resorts, under the Economic Transformation Programme (ETP). In a filing to Bursa Malaysia, the company said the ... Read More
Housing in Penang within reach, 3,396 eligible applicants offered in last 6 months
Affordable housing in Penang is within reach as 3,396 eligible applicants were offered in the last six months, says state Housing Development Committee chairman, Jagdeep Singh Deo. In stressing this, he said the allegation by a daily newspaper yesterday titled "Cheaper homes out of reach", was not only mischievous but ... Read More
What’s up Penang? Jam has worsened.
by Charles Tan I was back in Penang just last weekend for a Toastmasters function. I arrived around 12 noon and after the second bridge, there was a slight jam in the Bayan Baru area. It must be the half-day working day on Saturday. My function was in town and ... Read More
Buyers study property prices and location to suit needs
While the recent implementation of the Goods and Services Tax (GST) has made people more cautious about their spending, they are still willing to take the plunge if the right property is available. This was a common sentiment expressed by exhibitors and visitors at the ongoing Star Property Fair 2015 ... Read More
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