fbpx

Property News

Association to build 5,000 high-rise units in Malay heritage areas

Association to build 5,000 high-rise units in Malay heritage areas

The Penang Malays Association (Pemenang) is planning to build 5,000 apartment units with a built-up area of not less than 1,000sq ft each in George Town.Its president Datuk Seri Mohd Yussof Latiff said the units would be built on 11.33ha of land, among others in Kampung Makam, Kampung Dodol, Jalan ... Read More
Demand rebound lifts residential property market

Demand rebound lifts residential property market

The residential property market has been experiencing an upturn since the fourth quarter of 2009 as demand rebounded by 7.1% (2009: -2.3%) following improved consumer sentiments. Meanwhile, the increase in housing stock moderated in 2010 as housing started a declining trend.The widening gap between supply and demand has kept property ... Read More
Learning from others, Bank Negara way

Learning from others, Bank Negara way

It turned out that South Korea plunged into a crisis that year because people got carried away and spent money they did not have. Millions defaulted on their payments, the government had to rescue its biggest credit card company and the economy slowed down significantly. A crucial aspect of the ... Read More
Banking sector ready for MyFirstHome Scheme

Banking sector ready for MyFirstHome Scheme

THE banking sector is well-positioned to make assessment of affordability and the creditworthiness of borrowers under the "My First Home Scheme".Bank Negara Malaysia (BNM) governor, Tan Sri Dr Zeti Akhtar Aziz, said there would be no risks to the quality of household loans from the scheme as the focus was ... Read More
Terrace+ @ The One, Bayan Baru

Terrace+ @ The One, Bayan Baru

By marrying the best of Commercial and Residential development in one single location, Terrace+ dispels the myth that work and home can never be together. Inspired by the architectural wisdom of heritage commercial units within Georgetown, Terrace+ mixes the traditional practicalities with the aesthetics of modern design. Location : The One, ... Read More
d'Square Residence

d’Square Residence

Strategically located just 3 minutes from the Penang Bridge, d'Square is the epitome of convenient living. Rising high above its neighbouring developments in the area, the twin towers comprise of residential units while the office lots sit in a separate commercial hub. Over 30-storey tower blocks Convenient and prominent location ... Read More
Moderate price hikes seen for houses

Moderate price hikes seen for houses

Although the demand for residential properties in the Klang Valley is expected to remain good this year, property consultants expect prices of landed housing to show only moderate increases compare with the double-digit jump in 2010.Landed property prices grew strongly last year, up by as much as 20% in some ... Read More
Atlan to dispose of assets for RM33m

Atlan to dispose of assets for RM33m

ATLAN Holdings Bhd has agreed to dispose of two pieces of land in Batu Ferringhii, Penang, together with a single-storey sales office for RM33 million cash. The sales proceeds will be used to repay bank borrowings as well as for working capital, the firm told Bursa Malaysia yesterday. The proposed ... Read More
Atlan Holdings shareholders approve Penang land sale for RM145m

Atlan Holdings shareholders approve Penang land sale for RM145m

KUALA LUMPUR: Shareholders of Atlan Holdings Bhd have approved of the disposal of seven tracts of freehold land measuring a total 61.03 acres in Penang to Utara Malaya Realty Sdn Bhd for RM145 million cash.In a filing to Bursa Malaysia on Wednesday, Mar 16, the group said its shareholders had ... Read More
'Growth in prime property values to slow'

'Growth in prime property values to slow'

Property values in the Klang Valley, Penang and Johor are expected to grow at a slower pace this year due to high supply and speculation activities, a real estate services company says.CH Williams Tahir & Wong's managing director, Foo Gee Jen, said this year's growth in the prime areas was ... Read More