PETALING JAYA: The residential property market may be cooling down in terms of actual sales due to credit-tightening measures by banks, according to real estate consultants and Bank Negara data. Bank Negara's website showed loan approvals' percentage for residential properties in the country declined to 46.8% in the first half of this ... Read More

SUNGAI PINANG can only be filth-free if Penangites stop treating it as a rubbish dump. The fishing community that has lived by the river bank for decades are upset that their home has been used as a dump for years. Welcoming reports that the river would be devoid of garbage ... Read More

PENANG will soon offer a different kind of hotel stay experience for those who yearn to be closer to nature — hotel rooms perched on trees. Believed to be the first of its kind in Asia, the ‘Treetops Hotel’, which is part of the Escape Theme Park in Teluk Bahang, ... Read More

PROPERTY developer DNP Land Sdn Bhd is set to transform quiet Alma town near Bukit Mertajam into a vibrant place with modern facilities. Its senior marketing manager Joe Ang Kean Joo said the area, which used to be an oil palm estate, was fast becoming a preferred location for residential ... Read More

PETALING JAYA: The real property gain tax (RPGT) revision which had been one of the highlights of Budget 2012, should be either reverted or adjusted based on proper understanding of the market situation, according to property sector associations. Real Estate and Housing Developers Association Malaysia (Rehda) revealed in its Budget ... Read More

Penang properties said to increase 5%-10% due to more costly cement GEORGE TOWN: The selling price of properties in Penang will soon surge by 5%-10% following the recent move by Lafarge Malayan Cement to raise cement prices by about 6%, according to housing developers here. Following Lafarge's announcement, a 50kg bag ... Read More

PETALING JAYA: Housing and Local Government Minister Datuk Seri Chor Chee Heung said the housing needs of the middle-income group, which formed more than 40% of the community, must be addressed and hoped that the 1Malaysia People's Housing Scheme (Prima) announced last year would progress speedily. Low cost housing is capped at ... Read More

ALL the OCPDs in Penang have been instructed to form special teams to patrol residential areas where there are houses that will be left vacant when the occupants balik kampung for Hari Raya Aidilfitri. State deputy police chief Senior Asst Comm Datuk Abdul Rahim Jaafar said that the police wanted to stop ... Read More

THE government will initiate measures to address various issues gripping the property sector, including curbing rampant speculative activities in the market. Housing and Local Government Minister Datuk Seri Chor Chee Heung said he would present to the cabinet findings of an industry meeting which could be used to come up ... Read More

LATELY, there have been many ongoing discussions on the topic of high property prices. It made me ponder on the various causes that might have contributed to the situation, including the question of whether developers are making too much. As I took a sip of tea, many thoughts came to ... Read More