YESTERDAY, Housing and Local Government Minister Datuk Chor Chee Heung said the Government is monitoring the spike in house prices. He went on to say that it will not hesitate to implement measures to keep them under control. This is probably the first time the housing minister has come outright ... Read More

Vista Tecoma is the latest addition to Setia Vista in Relau. This new development comprises 10 units of 2-storey semi-detached houses. Property Project : Vista Tecoma @ Setia Vista Location : Setia Vista, Relau, Penang Property Type : 2-storey Semi-Detached Land Area: 35' x 80' ft. Built-up: 2,700 sq.ft. Total ... Read More

KUALA LUMPUR: The recent 25 basis points (bps) hike of the overnight policy rate (OPR) to 3% from 2.75%, effective since July last year, is mainly due to concerns about asset bubble rather than inflationary pressures, said Dr Yeah Kim Leng, chief economist of RAM Holdings Bhd. "If we look ... Read More

THE state is looking at imposing surcharge on super condominiums, and the amount collected will be used to build affordable housing for the people, said Penang Chief Minister Lim Guan Eng. He said such a move would help the state government to absorb the cost of building affordable homes. “This ... Read More

GEORGE TOWN: Under the new Penang Heritage Act 2011, owners of heritage sites must first inform the state heritage commissioner in writing before selling the property.The notification must be made in writing 28 days before the sale and purchase agreement is signed.The state heritage commissioner, which is a new position, ... Read More

Some 100 residents of the Gurney Park condominiums have signed a petition urging the Penang Municipal Council (MPPP) to shorten the working time of a neighbouring project.Stating that loud noises coming from the upscale Gurney Paragon construction were affecting their daily lives, the group asked for daily working hours to ... Read More

TM Residency is located along Jalan Dato Ismail Hashim within the established township of Relau, Penang. It comes with two layout types with build-up area ranging from 820 to 1240 sq.ft. Property Project : TM Residency Location : Relau, Penang Property Type : Condo/Apartment Tenure : Freehold Total Units : 80 ... Read More

In general, an individual title is for a property which has its own land and this usually means that the land itself is owned by the house owner. Strata titles are generally for properties in a multi-storey building or a gated community with a master title and this usually means ... Read More

PETALING JAYA: The property market will not be impacted by the recent increase in the overnight policy rate (OPR), said property consultants. Last Thursday, Bank Negara raised the overnight policy rate (OPR) by 25 basis points to 3% and increased the statutory reserve requirement (SRR) by one percentage point to ... Read More

THE Penang Municipal Council (MPPP) may introduce guidelines for private car park operators in the wake of the controversy surrounding the chaining up of car wheels for unauthorised parking.MPPP financial management sub-committee alternate chairman Tan Hun Wooi said they were studying the possibility of drafting the do?s and don?ts for ... Read More