THE public is advised not to fall prey by paying between RM5,000 and RM10,000 to unscrupulous syndicates which promise to secure low-cost (LC) or low medium-cost (LMC) units. Penang Town and Country Planning, Housing and Arts Committee chairman Wong Hon Wai said several syndicate members were going around promising applicants ... Read More

GEORGE TOWN: Penang has, for the first time, beaten Kuala Lumpur for two consecutive years as the country’s most liveable city, Penang Chief Minister Lim Guan Eng said. Quoting the annual ECA International Location Ratings research, Lim said Penang had maintained its position as Asia’s eighth most liveable city, while ... Read More

HAVING an elevator at home, while still a lifestyle choice rather than one born out of necessity, is nevertheless a trend that is becoming increasingly popular with many upscale residential developments featuring this novelty in its houses. “One usually finds lifts in the homes of the affluent and these people ... Read More

THE Penang Appeals Board has fixed July 18 for the hearing of the case of residents of Sungai Ara who are against the approval of a hillside development project in the area. Board chairman Datuk Yeo Yang Poh set the date after getting the agreement on the date from the ... Read More

PENANG’s leading property developer on the mainland, Tambun Indah Land Berhad, will build the first international school on the mainland in the integrated township of Pearl City in Tambun, Seberang Prai. Tambun Indah signed a Memorandum of Understanding (MoU) with SIS Charter Sdn Bhd to develop the Straits International School ... Read More

Despite talk that the condo market on Penang island may experience slowing demand due to new supply and unsold units of previous launches, we highlight five developments that seem to prove otherwise. RECENTLY the vivacious director of a public-listed company remarked that almost everyone she meets on the social circuit ... Read More

GEORGE TOWN: The Penang Government has proposed to raise the cap for foreign purchases on all properties in the state. Chief Minister Lim Guan Eng said the current limit of RM500,000 would be raised to RM1mil, except for landed properties on the island that would be raised to RM2mil. He ... Read More

PETALING JAYA: Overall price appreciation for residential properties is expected to range between 5% and 10% this year, according to CIMB Research. In a report, the research unit said residential properties’ price appreciation could be even higher but it believed that the Government would continue to remain vigilant on “runaway” ... Read More

PEARL City integrated township in Simpang Ampat, Nibong Tebal, is another landmark in mainland Penang that is gearing up for more growth. This complements the opening of the Second Penang Bridge and the Ipoh-Padang Besar electrified double track project. The mixed residential and commercial township on a 445ha project site ... Read More

INCREASING the floor price of residential property for foreign buyers from RM500,000 to RM1mil will be a positive development for the housing market, according to analysts and consultants. Many quarters are in favour of the move to raise the floor price as it would protect the housing market for the ... Read More