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Property News

penang-properties

No much improvement in housing affordability despite soft property market

There has not been much improvement in Malaysia’s housing affordability despite a slow and challenging property market with little growth in transactional activity from the downtrend that was seen since 2013, according to real estate consultancy firm Rahim & Co International Sdn Bhd. Executive chairman Tan Sri Abdul Rahim Abdul ... Read More
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Penang International Airport to be upgraded

Construction of a seven-storey car park for the Penang International Airport is scheduled to start next month. Penang Federal Action Council chairman Datuk Seri Zainal Abidin Osman said the RM90mil project is expected to complete next year. “The airport will undergo a RM700mil upgrading works, which will be carried out ... Read More
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Exclusive CNY Invitation to Runnymede Group Gallery (18 Feb)

Celebrate this prosperous Chinese New Year with Runnymede Group at Batu Uban, Penang and enjoy Ang Pow up to RM38,888, Special Rebate Package and stand a chance to win Lucky Draw Prizes worth RM19,888 when you purchase a Vilaris Courtyard Homes or Triuni Residences resort condo! Partake in the Photo ... Read More
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Possible delay in Penang three paired roads project

The construction of one of the roads in the Penang government’s three paired roads project, which is part of the controversial RM6.3 billion undersea tunnel project, is expected to be delayed. State Public Works, Utilities and Public Transportation Committee chairman Lim Hock Seng blamed the possible delay due to an ... Read More
gravityz-komtar

World’s tallest rope course opening in Komtar this month

Thrills await visitors to Gravityz, the world’s highest rope course, which will open this month at Level 65 in Komtar, Penang. There will be six obstacles along the 90m walk which is 239m above ground on the outside of Penang’s landmark monolith. Get set for adrenaline-filled moments as you go ... Read More
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Penang is top with approved investments worth RM7.7b

Penang is top on the national list with approved investments worth RM7.71 billion in the manufacturing sector for 1H17, said Knight Frank Malaysia in its “Real estate highlights for 2nd half of 2017” report launched today. “This accounts for 45% of the total RM17.02 billion investments approved nationwide and which ... Read More
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Setia Fontaines CNY Celebration at Juru Auto City – 3 Feb

Be prosperous this Chinese New Year by joining Setia Fontaines Chinese New Year Celebration at Auto City, Juru. Join the Giant Lou Sang*(Limited to 300 pax only) and stand a chance to win Lucky Draw Cash Prizes up to RM2,018*. Date : 3rd February 2018(Sat) Time : 5PM – 10PM ... Read More
proposes-reduce-interest-rate

Government proposes to cut housing loan interest rates

A proposal which would reduce housing loan interest across banks nationwide is expected to be presented to the Cabinet soon, announced Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi, today. The proposal which will ease the financial burden of those applying for house loans, he said, was initially tabled ... Read More
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Aspen partners LG to built smart city at Batu Kawan

LG Electronics Inc few days ago has entered into a partnership with Aspen (Group) Holdings Limited to provide technological solutions, products and services for all of the developer’s real estate developments. The signing of the partnership will see LG setting up its first academy in Malaysia to provide training in skills ... Read More
grr

Be cautious over Guaranteed Rental Return schemes (GRR)

Penangites are getting pretty familiar with GRR schemes. For those who have not heard it, GRR schemes promise a fixed rental income for house buyers for a certain period of time. These schemes are legal, but they are actually not governed by the Housing Development (Control & Licensing) Act. It ... Read More