News & Articles
80,000 homes in prime areas
PETALING JAYA: The online registration for 80,000 affordable homes to be built in 50 cities and towns under the Perumahan Rakyat 1Malaysia (PR1MA) will be officially launched in Penang on Saturday. Qualified applicants will be able to take part in the balloting of the houses which will be built at ... Read More
One-way streets plan for Gelugor
THE Penang Municipal Council plans to convert Persiaran Minden 1, Persiaran Minden 2 and part of Persiaran Minden 3 in Gelugor into one-way streets. Under the proposal, the one-way traffic on Persiaran Minden 1 would be from Lorong Changkat Minden 14 towards Persiaran Minden 2. For Persiaran Minden 2, the ... Read More
UDA sees completion of Penang apartment project in 2014
KUALA LUMPUR: UDA Holdings Bhd expects the first phase of its RM165mil residential project as part of the redevelopment of Tanjong Tokong in Penang to be completed by the end of 2014. “The first phase will see the development of 550 apartment units to be spread out in eight to ... Read More
MRCB: Penang Sentral to take off in 2013
MALAYSIAN Resources Corp Bhd (MRCB) says the Penang Sentral project in Butterworth, estimated to be worth over RM3 billion, will begin in 2013 after more than four years of delay. Penang Sentral, an integrated mixed commercial development was expected to start in 2008 but works got delayed due to land ... Read More
14 projects approved under density guideline
THE Penang Municipal Council (MPPP) has approved 14 projects under the 87 units per 0.404ha guideline since it came into effect in June, 2010. State Local Government and Traffic Management Committee chairman Chow Kon Yeow said stringent measures had however been imposed on developers to build the increased density units ... Read More
BIG Property Expo 2012
The Final Property Expo in Penang for 2012 held in conjunction with MEGA Home 2013 at PISA - last chance to catch the best buys in properties for 2012 in Penang ... Read More
No to more high-rises
MANY Penang Global City Centres (PGCC) may come up on Penang island following the raising of density for high-rise buildings, said a former Penang municipal councilor. Teh Leong Meng, who is a Gerakan leader, said this would result in traffic congestion and transportation woes. He said the Penang Municipal Council (MPPP) ... Read More
Is paying off a property loan as quickly as possible a wise move?
AT first thought, it might appear prudent to pay off a property loan as quickly and as soon as possible. However, is this really the wisest and smartest financial decision? Consider using cheaper home loans to grow your net worth. - LEE MUN WAI writes... Home loans usually have lower ... Read More
Legal action against developers who advertise without permits
ALOR SETAR: Housing developers who advertise their projects in newspapers without permits from the National Housing Department (NHD) risk facing legal action. Housing and Local Government Minister Datuk Seri Chor Chee Heungsaid he recently discovered that private developers were advertising their housing projects without the necessary permits. “There are developers who ... Read More
Debenhams picks Penang for third store in Malaysia
GEORGE TOWN: Debenhams, one of Britain's oldest retailers, is opening its third store in Malaysia amid the region's fast-growing economy. To be located at Gurney Paragon, Penang, the store will be Debenhams' first outlet outside Kuala Lumpur and also its first flagship store for the northern region. Debenhams Malaysia master franchisee ... Read More
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