Don’t collect compliance fees for affordable homes
The state government should exempt developers from paying compliance costs for all affordable housing units in the state, a backbencher told the state legislative assembly today. Kebun Bunga assemblyman Ong Khan Lee said such exemptions would further reduce affordable home prices here. He also urged Penang to apply big data ... Read More
Only 1% of Malaysian property owned by foreigners
Foreigners do not own more than one percent of property in Malaysia, revealed Housing and Local Government Minister Zuraida Kamaruddin. Zuraida said that in March 2014, the government had imposed a RM1 million minimum property purchase price for foreigners. She noted that the state government has the right and power ... Read More
Penang Transport Master Plan to go on
The first phase of the Penang Transport Master Plan (PTMP) will proceed as planned, the state legislative assembly heard today. Datuk Keramat assemblyman Jagdeep Singh Deo said all infrastructure projects under Phase One of PTMP will proceed after obtaining the relevant approvals. The state local government and housing development committee ... Read More
Hot Air Balloon Carnival @ Setia Fontaines (17 & 18 Nov)
Be the first to discover the new 1,675 acres mega township by S P Setia - Setia Fontaines, from 70ft above ground. Save the date and join the Hot Air Balloon Carnival at Setia Fontaines (Project site) on 17 & 18 November 2018. Event Date: 17 & 18 Nov 2018 ... Read More
Property Crowdfunding Explained – First home buyer
Want to know more about the peer-to-peer home financing scheme announced in Budget 2019? By using FundMyHome scheme as an example, here we have extracted the summaries of key points by Malay Mail below: What is it in a nutshell? Quite simply, FundMyHome allows a person to buy a home ... Read More
Proper studies needed on property crowdfunding
The government has good intentions in introducing the property crowdfunding initiative, the first such financial innovation in the world, but proper studies need to be carried out, said the Council of Eminent Persons chairman Tun Daim Zainuddin. He said the peer-to-peer (P2P) home financing initiative, announced by Finance Minister Lim ... Read More
Budget 2019: Not enough to kick-start’ subdued property market
The measures announced in Budget 2019 will not be enough to "kick-start" the already subdued property and housing market, said property experts. "The measures for the property sector are too small to affect the market in any way. The market is already subdued, already slow. Overall, I don't think there ... Read More
Own a home with just 20% of the house price
Homebuyers under the FundMyHome scheme not only has the opportunity to own a home at only 20% of the house price but could also tap the robust property market to enjoy investment return, said The Edge Group Chairman Datuk Tong Kooi Ong. The innovative and inclusive homeownership scheme developed by ... Read More
Budget 2019: Property crowdfunding platforms for first-time home buyers
The government will allow the setting-up of property crowdfunding platforms which will serve as an alternative source of financing for first time homebuyers, said Finance Minister Lim Guan Eng yesterday. The first exchange is expected to go live in the first quarter of 2019, after all necessary approvals are obtained ... Read More
Budget 2019: No mention was made for Penang International Airport and LRT
Penang will have to wait a little longer to know whether the state will get federal allocations for its projects. A check on the 2019 Estimated Federal Expenditure of several ministries at www.treasury.gov.my after Finance Minister Lim Guan Eng tabled the budget yesterday shows no mention of specific development funds ... Read More
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- @Minion Queens is Myvi only. Cube is X70 ...Jeff on Twin Star
- @Minion Paying Apple then should expect to get Apple. Here a lot buying affordable but...Islander on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- Jeff : @Minion Beli The Cube & is similar like Queens residence. dah memang...Minion on Twin Star
- all comment here nonsense affordable home buyer, period. sour grapes ...Minion on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- I want a house with small garden Do you have site map and drawings /...Stephen Smith on Cassia Cempaka – Phase 2 (Open for Sale)
- @TF Lai Yes. Many people said Queens are low density but in actual is high...Juf on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @WC Ong High density is 100% inferior or lousier compared to low density apartment/condo. Period....TF Lai on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- previously when i saw the uda land masterplan for this area, their plan was all...Goppal Balan on Dua Tanjung
- I notice that all the advertising etc more focusing on residensi armani rather than residensi...fairuz on Residensi Pauh Harmoni
- @Minion Beli The Cube & is similar like Queens residence. ...Jeff on Twin Star
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