GEORGE TOWN: Hunza Properties Bhd is launching about RM650mil of residential properties in Kepala Batas in Seberang Prai and Tanjung Bungah on Penang island this year. Group executive chairman Datuk Khor Teng Tong told StarBiz that residential properties worth about RM300mil in gross development value (GDV), comprising double-storey semi-detached, terraced, ... Read More

THE Tun Dr Lim Chong Eu Expressway in Penang is finally set to have three lanes on both sides of its entire stretch. A bottleneck near the Batu Uban marine police base which reduces the three lanes (on each side) to two is undergoing a road-widening project that began this ... Read More

THE timing of property developer SP Setia Bhd's new launches for its 2012 fiscal year in Penang appears to hinge on whether the company is given vacant possession of the Penang International Sports Arena (Pisa) by the first quarter of this year to build the RM300 million Subterranean Penang International ... Read More

KUALA LUMPUR: A majority of developers expect property prices to continue climbing in the first half of the year in tandem with rising costs.In a recent survey of members by the Real Estate and Housing Developers’ Association Malaysia (Rehda), about 74% of respondents surveyed generally felt that prices would be ... Read More

KUALA LUMPUR: Higher housing starts and building plan approvals last year signify confidence of developers and investors in the development activity, said National Property Information Centre (Napic) director Dr Zailan Mohd Isa. Some 400,000 transactions valued more than RM100 million were undertaken during the first three quarters of last year. Zailan ... Read More

A DEVELOPER is building 554 low medium-cost apartment units along Lebuhraya Halia in Tanjung Tokong, Penang. Currently 30% complete, the 38-storey Taman Bukit Erskine developed by Ivory Villas Sdn Bhd, a subsidiary company of Ivory Properties Group Berhad, is expected to be completed in 2014. Ivory Properties Group Berhad executive ... Read More

GEORGE TOWN: Penang is set to welcome investments totalling RM35 million this year from food and beverage operators into phase one of the Gurney Paragon development on Gurney Drive. The project's developer, Hunza Properties Bhd (HPB), has already seen the entry of nine tenants into Phase 1B of its multi-billion ... Read More

PETALING JAYA: Headwinds from the gloomy global economic and financial fronts, particularly in the United States and the eurozone, will pose challenges to the performance of the local real estate investment trusts (M-REITs) this year. According to Malaysian REIT Managers Association chairman Stewart Labrooy, the M-REIT sector will face slower ... Read More

Making investments with money you don’t have and with information you should not be privy to is both morally and legally wrong LAST year, a young entrepreneur turned property investor lost his business outfit. Although his monthly income fluctuated somewhat month-to-month, he was able to get loans from the banks ... Read More

These are seen in the take-up rate for The Binjai on the Park condominium project at the Kuala Lumpur City Centre, which has picked up from 10 per cent in July 2009 to 35 per cent out of its 171 units. "Compared with the initial launch in August last year ... Read More