Property News
SITE PROGRESS: Imperial Grande (Oct 2019)
About Imperial Grande A mixed development by Modular Platinum Sdn. Bhd. (Ideal Property Group) in Sungai Ara, Penang. It is located along Jalan Fettes, surrounded by Iconic Skies, Gardens Ville and Imperial Residence. This development will offer a mix of landed and high-rise properties, with 2 level of shop offices ... Read More
MAPEX – Home Ownership Campaign 2019
MAPEX has been one of the feasible platforms in gathering interest for property purchasing as the previous venture made a grossing sales of RM300 million, with more than 200 applicants in salvaging government-linked homes. As the Co-Organizer of MAPEX, Property Queen’s dedication and commitment ensuring home ownership among Malaysians will ... Read More
Strata property owners laud court’s decision on flat rate
About six million Malaysians who live in strata properties will “benefit” from a Court of Appeal ruling that all owners in mixed development strata properties pay maintenance rates based on a fixed formula. “It is not only high-rise buildings but also gated and guarded communities that have strata titles,” said ... Read More
Councils to start hearing assessment rate objections today
The first hearing session of the new 2020 assessment rate objections for both councils in Penang will be held starting tomorrow (29 October 2019). State Housing, Town, Country Planning and Local Government Committee chairman Jagdeep Singh Deo said the hearing of the objections would be held by the assessment appeal ... Read More
Rent first until financially ready to buy homes
Unaffordable housing remains unresolved, and the younger generation might need to lower their expectations and consider renting instead, industry experts said. The housing problem is centred on soaring prices of properties that are incompatible with people’s income, thus diluting affordability. National House Buyers Association honorary secretary-general Datuk Chang Kim Loong ... Read More
BNM: Houses in Malaysia ‘seriously unaffordable’
Houses in Malaysia are considered “seriously unaffordable” by international standards, a Bank Negara Malaysia official said. According to the median multiple methodology developed by Demographia International and recommended by the World Bank, United Nations and Harvard University, a house is deemed affordable if it is priced not more than three ... Read More
SITE PROGRESS: Sanctuary Ridge (Oct 2019)
About Sanctuary Ridge The 4th phase of residential development at Permatang Sanctuary by IJM in Alma, Bukit Mertajam. Strategically located within an established neighbourhood, about 15-minute drive from Juru Auto-City and Penang Second Bridge. It is about 2km away from AEON Mall and Tesco Hypermarket. Find out more about Sanctuary Ridge ... Read More
RM800,000 proposed as Penang property price threshold for foreign buyers
The Penang government has proposed that the price threshold for foreigners to purchase urban high-end properties in the state to be set at RM800,000, compared to RM600,000 announced by Finance Minister Lim Guan Eng during the 2020 Budget. Penang’s Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh ... Read More
SITE PROGRESS: 3 Residence (Oct 2019)
About 3 Residence Mixed development by IJM Land at Sungai Pinang. It is strategically located along Lebuh Sungai Pinang 1, easily accessible via Tun Dr. Lim Chong Eu Expressway. It offers a mix of residential and commercial components, which comprises a 47-storey skyscraper, hotel and shop offices. Find out more about 3 Residence ... Read More
Gurney foreshore reclamation project handover started this month
Sectional handover of the 131.09-acre Gurney foreshore reclamation project has started this month with the first eight acres of land handed over to the Penang government on Oct 7. The full handover is scheduled to be completed by mid-September next year (2020), barring any unforeseen circumstances. In accordance to the ... Read More
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- @Goppal Balan within the same building ...Cammy on SITE PROGRESS: Avion Residence (Jan 2026)
- wasn't this supposed to be a hotel, le meridean ...Goppal Balan on SITE PROGRESS: Avion Residence (Jan 2026)
- @Islander Yup. Is not about T20 or B40 now. It's most of local mentality &...Hong on QR code entry scrapped for Gurney Bridge
- “The QR code requirement has been removed with immediate effect,” Rajendran told FMT????The barriers are...DatoS on QR code entry scrapped for Gurney Bridge
- @Hong Not about they can afford or not. Capability can T20, mentality still B40. Just...Islander on QR code entry scrapped for Gurney Bridge
- @LL Yes, you are right, QuayWest will not be able to compete with Lightwater. ...millionaire on Affordable Housing @ The Zen
- Got 1 McD near Zen is so happy. Opposite of Queens, the Queens Bay Mall...millionaire on Affordable Housing @ The Zen
- @Islander Friend. No discrimination here. FYI. Affordable & low cost house are available in Andaman...Hong on QR code entry scrapped for Gurney Bridge
- B40 in general just don't deserve good things. ...Islander on QR code entry scrapped for Gurney Bridge
- @Ryu yea, Lightwater will stuck too. Lightwater will not be able to compete with QuayWest...LL on Affordable Housing @ The Zen
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