Residential supply expected to recover in three years
The excess in supply of residential properties is expected to clear in three to four years, paving the way for a recovery in the property market, says housing industry experts. The new National Information Property Centre (Napic) 2016 report shows that the incoming supply of residential properties has inflated to ... Read More
Homebuyers to bear the brunt of rising building costs
Property developers have warned that home prices may rise following the government’s recent move to slap a safeguard duty on the import of certain steel products for three years. If the safeguard duty leads to a rise in steel prices, Real Estate and Property Developers’ Association (Rehda) president Datuk Seri ... Read More
Property Marketing Report 2016 indicates property prices remain steady
House prices have remained steady despite a slowdown in property sales and a huge overhang of unsold units. According to the Valuation & Property Services Department’s (JPPH) Property Market Report 2016, prices of residential property continued to grow, albeit moderately despite the current market glut. “The Malaysian House Price Index ... Read More
Reclamation report to cover locals’ concerns
The Environmental Impact Assessment report for the reclamation on Penang island’s southern coast will be submitted to the Department of Environment by the end of this month. State Local Government, Traffic Management and Flood Mitigation Committee chairman Chow Kon Yeow said the report would comprise various studies on the impact ... Read More
Increase in contribution fee postponed
The Penang government has decided to postpone its decision to raise the contribution fee by developers who fail to build low-cost and low medium-cost housing until the year-end. State Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the state received complaints from Penang Real Estate and Housing ... Read More
GBS @ Mayang
The Penang government will spend RM10mil to refurbish the Mayang Mall building in Bayan Baru and turn it into a Global Business Services (GBS) centre for investors. Chief Minister Lim Guan Eng said the GBS industry had huge growth potential and needed a conducive business environment in order to flourish ... Read More
Dorms coming up for foreign workers
The conversion of a hotel in a suburb near here into a hostel for foreign workers was not done in compliance with the state’s guidelines, said Deputy Chief Minister I Datuk Mohd Rashid Hasnon. He said the hotel was also not among the list of places which had been approved ... Read More
Eco Horizon & Eco Sun
EcoWorld unveils its newest projects — Eco Horizon and Eco Sun. Be enchanted by the grace and beauty of these latest additions to Batu Kawan. The land would be developed by Eco Horizon Sdn Bhd into two complementary townships, which would have a combined gross development value of RM7.76 billion ... Read More
Paramount to launch 2nd phase of Utropolis Batu Kawan this year
Stepping into the scene as a township developer in the northern region some 40 years ago, Paramount Property, the property development arm of Paramount Corp Bhd, has since become a developer that offers a broad spectrum of products. “As cities mature and population increases, landbank becomes scarce and expensive, leading ... Read More
How to make money through property investments?
Everyone likes to make money through property investments. Property investments have gone through a new ball game. Investors need to equipped themselves with the necessary tool to invest wisely. Miichael has 20 years of experience in property and mortgage industry and would like to share with you the insights on ... Read More
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- @wake up They are human, buy please buy house at their home town ya. ...Banu on AFFORDABLE: Pantai Jerjak / PDC Properties Sdn. Bhd.
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- Affordable Housing (Penang Island)
- Butterworth Arena
- Columbia Asia Medical Centre
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- Escape Penang – Eco Theme Park
- GBS @ The Waterfront
- GBS by The Sea
- Gurney Wharf
- IKEA Batu Kawan
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- Kobay Jelutong
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- Penang Arts District
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