WORK on the construction of a RM2mil bridge over a stream along Jalan Kulim in Kampung Machang Bubok near Bukit Mertajam has been suspended temporarily following objections from shopkeepers there. State Public Works, Utilities and Transportation Committee chairman Lim Hock Seng said the shopkeepers had complained their business had been ... Read More

The public having a closer look at the model of a housing project at The Star Property Fair 2011 in Penang in July. PETALING JAYA: About 20 developers and property-related companies will showcase their projects and management services at The Star Property Fair 2011 from Nov 25-27 at the Kuala Lumpur ... Read More

Prof Datuk Dr Mohamed Ariff, a professor of international economics at the INCEIF (International Centre for Education in Islamic Finance), said revenue has shrunk to 22 per cent of the gross domestic product (GDP) compared with previous years when it stood at 34 per cent. "There was also only a ... Read More

PETALING JAYA: Real property gains tax (RPGT) would probably increase after Budget 2012 but experts are divided over the quantum or the new form the tax on property sales would take. Few are hoping for the rate to be maintained but others felt the RPGT would increase by another 5% ... Read More

SOME 350 residents living in six condominiums and houses along Persiaran Bayan Indah in Bayan Lepas want the seafront in the Bayan Bay area to be spared of any future land reclamation projects. Bayan Bay Residents’ Action Committee chairperson Sharifah Hamidah said the residents were not against development but were ... Read More

GEORGE TOWN: IJM Land Bhd is poised to set the bar in Penang and the rest of the country soon on how a fully-networked property development can spur economic growth. The company's flagship development - The Light Waterfront Penang - will offer a digital lifestyle to all its investors, thanks ... Read More

THE state government is concerned over the lack of progress at the RM2.7bil Penang Sentral project in Bagan Dalam, Butterworth. Deputy Chief Minister I Datuk Mansor Othman said the project was launched by former Prime Minister Tun Abdullah Ahmad Badawi in July 2007 and the first phase was supposed to ... Read More

Seri Jaya Condominium, a 20-storey high rise residential development strategically located in the heart of Bukit Mertajam, Penang. Designed with spacious balconies and large windows, allowing you to enjoy the natural sceneries and breathtaking views. It comes with full condo facilities which includes swimming pool, children's pool, jacuzzi, BBQ area, children's playground, ... Read More

Petaling Jaya: Bank Negara Malaysia had consulted property developers, seeking their inputs on increasing the real property gains tax (RPGT) to curb speculation, people familiar with the matter said yesterday. Such a move, if announced in the upcoming Budget 2012, will be the second time the central bank will have ... Read More

PETALING JAYA: Property stocks face pressure in the coming months with foreign shareholders expected to pare down their stakes on concerns over the weakening ringgit and less bullish housing sales next year due owing to an anticipated global economic slowdown. RHB Research has downgraded the property sector to “underweight” from ... Read More