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Property News

Stronger sales boost SP Setia's    first-half net profit  to RM154m

Stronger sales boost SP Setia's first-half net profit to RM154m

In the course of the higher profit, SP Setia continued to set new sales benchmarks, with second-quarter sales of RM671 million were 12 per cent more than the previous record set in the second quarter of 2010. The cumulative six-month sales of RM1.41 billion, meanwhile, was 17 per cent higher ... Read More
Stricter criteria for housing developers

Stricter criteria for housing developers

The requirements to become a housing developer and to get the permit for a housing project will be tightened to ensure only qualified companies are given the approval to develop housing projects. Housing and Local Government Minister Datuk Chor Chee Heung said the tighter requirements were among the amendments to the ... Read More
Penang Government told to offer cheaper houses

Penang Government told to offer cheaper houses

GEORGE TOWN: A Malay-based non-governmental organisation wants the state government to come up with more affordable housing schemes on the island for the community here. Penang Malay Congress president Rahmad Isahak said the state government’s plan to develop the island into an international-class one, was commendable but it would undeniably ... Read More
Quartermile

Quartermile

Quartermile is an commercial development by PDC Properties located in Bayan Baru, Penang. Property Project : Quartermile Location : Bayan Baru, Penang Property Type : Commercial Total Units : 15 Developer : PDC Properties Sdn. Bhd ... Read More
Permatang Sanctuary

Permatang Sanctuary

Spread over 100 acres of sprawling land, set amidst Permatang Tinggi, the landscape of this district will never be the same again with the development of Permatang Sanctuary, featuring "Eco Living" - Adding life, health and fun to ordinary lifestyle. This guarded residential property development comprises 188 units 2-storey semi-detached, ... Read More
Penang land duel

Penang land duel

Business Times has learnt that SP Setia Bhd and Ivory Properties Group Bhd are the companies that have responded to Penang state government's tender to develop the Bayan Mutiara land. The tender is part of the state government's efforts to raise funds. Sources said of the two companies, Ivory Properties ... Read More
Property developer adds another feather to its cap

Property developer adds another feather to its cap

IVORY Property Group’s Moonlight Bay project has received the Best Leisure Development Award at the Asia Pacific Property Awards 2011 in Shanghai. A record 21 countries took part in the competition this year, which was part of the International Property Awards covering residential as well as commercial categories. The group’s ... Read More
Housing dream come true? Industry players give their views on My First Home scheme

Housing dream come true? Industry players give their views on My First Home scheme

Property players are eagerly waiting for clear guidelines from the Government on how the recently launched My First Home (MFH) scheme is supposed to work. Social housing generally does not provide good returns, developers and consultants point out, and without concrete details, it is even harder to expect the private ... Read More
Fine-tuning necessary for housing scheme

Fine-tuning necessary for housing scheme

Besides the possibility of the Government providing land for free or at low cost, another issue surrounding the My First Home (MFH) scheme is the general consensus that it is unrealistic to have the same limit on monthly income and property price across the country. To date, it has been ... Read More
Mah Sing rewards loyal customers

Mah Sing rewards loyal customers

KUALA LUMPUR: Mah Sing Group Bhd yesterday introduced a loyalty rewards programme called "M Club" designed to keep its custo-mers returning to the developer and buy more properties in Johor Baru, Penang and Klang Valley. The enhanced loyalty programme offers its 10,000 members the chance to enjoy privileges and discounts ... Read More