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Property News

Penang catches attention of Klang Valley developers

Penang catches attention of Klang Valley developers

CIMB Investment Bank Bhd research head Terence Wong said this is likely to happen over time. "This could be continuing but not in a short time. It could happen once in a year," he said. Investing in the property market in Penang is still a solid option."This is because property ... Read More
If it helps rein in soaring house prices, why not?

If it helps rein in soaring house prices, why not?

MORE than three years ago, my wife and I missed a chance to own our dream double-storey terrace house in Bangi. The price was about RM230,000 or RM217,000 after a 7 per cent rebate for Bumiputeras. That house was under the first phase of a new township, whose units were ... Read More
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Record mall deals in Malaysia

So far this year, the number of deals involving malls or retail assets has reached a record and there is a possibility that more could be announced this year, industry experts say. At least nine deals valued at over RM2 billion have been reported in the first nine months of ... Read More
Sime's planned purchase of E&O gets analysts' thumbs up

Sime's planned purchase of E&O gets analysts' thumbs up

KUALA LUMPUR: Sime Darby Bhd's planned purchase of a 30 per cent stake in Eastern & Oriental Bhd (E&O) last week will revive its flagging property business and also give it exposure to the Penang and Johor markets, analysts said. For JP Morgan, the deal signals a more aggressive strategy ... Read More
Tackling the problem of high household debt

Tackling the problem of high household debt

There has been some trepidation over just what Bank Negara has up its sleeve in trying to tackle rising household indebtedness in the country. Indications given previously were that new guidelines to address the issue of affordable borrowing and responsible lending would be out this quarter. The reason for this ... Read More
Kelisa Residence Condominium

Kelisa Residence Condominium

Kelisa Residence, another condominium development by Tambun Indah in Seberang Jaya, Penang. This project comprises: Type A: 1,549 sf. Type B: 1,323 sf. Type C: 1,097 sf. Features: - Located at heart of Seberang Jaya, near Carrefour Hypermarket - Low density development, only 16 units per floor, total 142 units ... Read More
SP Setia gets nod to build extra units on Penang Island projects

SP Setia gets nod to build extra units on Penang Island projects

SP Setia will develop the Penang People's Park project on the grounds of the Penang International Sports Arena (Pisa). Pisa is an indoor sports arena close to the Penang International Airport. GEORGE TOWN: The Penang government has set a precedent for housing developers in the state by allowing SP Setia Bhd ... Read More
Bank Negara move can affect housing demand

Bank Negara move can affect housing demand

GEORGE TOWN: Slower affordable property launches and less demand for such properties are some of the consequences of the proposed move by Bank Negara to assess housing loans on net income rather than on gross income. Registered and chartered valuer C.A. Lim & Co proprietor Lim Chien Aun told StarBiz ... Read More
PLB acquires half share in two pieces of land in Penang

PLB acquires half share in two pieces of land in Penang

KUALA LUMPUR: PLB Engineering Bhd's wholly-owned subsidiary, PLB Land Sdn Bhd, is acquiring half share over two pieces ofland in Teluk Ketumbar, Penang, from Puan Che Siah Ibrahim, for RM4.2 million.The purchase of the land measuring 17,681.4712 square meters and 5,916.5035 square meters, respectively, would be financed via internally generated ... Read More
Property players concerned over new housing loan criteria proposal

Property players concerned over new housing loan criteria proposal

KUALA LUMPUR: A proposal to change the way housing loans are approved has property consultants and analysts worried as they felt loans given based on net income as opposed to gross income would dampen demand for housing. Some banks, however, don’t have an issue with the proposed changes as one ... Read More