GEORGE TOWN: Car toll for the Second Penang Bridge has been set at RM7, said Jambatan Kedua Sdn Bhd managing director Datuk Dr Ismail Mohamed Taib. “Tolls will match those of the first Penang Bridge. We want it to be lower, but if we are lower, the first bridge management will complain ... Read More

PETALING JAYA: Policymakers at Bank Negara followed the lead of their regional peers by holding the key policy rate steady, as growth momentum moderated amid a slowdown in trade activity while upside risks to inflation remained. The central bank, which maintained the overnight policy rate (OPR) at 3%, said in ... Read More

THERE was a lot of talk late last year that property prices will tumble in 2012 after the steep rise in the residential sector over the past few years. So far, we have not seen any of that. What we are seeing is: ● Bank Negara's tightened guidelines on consumer lending ... Read More

BUYING a property that eventually becomes abandoned is a painful experience for many house buyers. It not only hurts purchasers who have lost their hard-earned money but also affects the property industry's reputation which has taken a beating due to unethical activities of a few culprits. This is particularly so ... Read More

PETALING JAYA: With close to 2,600 high-end condominiums scheduled for completion in Kuala Lumpur this year, the outlook for the luxury condominium market in the capital city is expected to be challenging.“Bank Negara is keeping a close eye on the mortgage loan market on concerns of rising household debt-to-gross domestic ... Read More

FOREIGN workers are being paid up to RM1,000 to queue up for housebuyers to book hot properties in land-starved Penang island. These professional queuers — mostly Bangladeshis and Indonesians — even bring along their wives and children to camp outside the developer’s office up to one week ahead of a ... Read More

DIJAYA Corp Bhd will buy assets worth RM1.1 billion owned by its major shareholder, Tan Sri Danny Tan Chee Sing, under a consolidation exercise to spur its growth. The exercise is specifically aimed at streamlining and rationalising a majority of land and properties held by Tan into Dijaya. Both parties ... Read More

PETALING JAYA: Property developers and consultants from Penang to Johor are generally bullish about the residential property market and do not think there is a bubble.They are of the view that there are two types of buyers, one who is buying out of need and the other out of fear ... Read More

GEORGE TOWN: Ivory Properties Group Bhd is expecting approval from the Penang Development Corporation (PDC) this week for its proposed RM10 billion "Penang World City" project at Bayan Mutiara. Executive director Murly Manokharan said yesterday the development was expected to incorporate, among others, medical facilities, Grade-A offices and both high-end ... Read More

THE Penang Development Corporation (PDC) Properties has successfully completed the construction of 715 low to low medium-cost housing units in Sungai Dua. PDC Properties chief executive officer Phan Gaik Cher said the development cost of the project was about RM80mil. “Construction started in early 2009 with a targeted completion date ... Read More