Property News

Applications for housing loans down

PETALING JAYA: Households applied for less money to buy houses in February with applications falling to RM10.26bil in February from RM12.56bil in January, but the amount applied for was 23% higher than in February 2010.For the fourth consecutive month, ever since new loan-to-value (LTV) rules for the third or more ... Read More

Support for Bank Negara move to control household debt level

KUALA LUMPUR: Malayan Banking Bhd (Maybank) and Standard Chartered Bank Malaysia Bhd are supportive of the move by Bank Negara to introduce measures for property loans and credit card applications to control the household debt level.Maybank deputy president and community financial services head Lim Hong Tat said the move was ... Read More

Kensington Residence

Kensington Residence is located within the established township of Bukit Mertajam, Penang. This residential property development comprises 136 units 2 1/2-storey semi-detached houses. Each unit comes with practical design and layout with 5-bedrooms and 4-bathrooms. Property Project : Kensington Residence Location : Bukit Mertajam, Penang Property Type : 2 1/2-Storey ... Read More

Scotland Tower

Scotland Tower is located along Jalan Batu Gantong within walking distance to Penang Turf Club. This residential development comprises 63 units of luxury condo and 5 units of 4-storey townhouse. Property Project : Scotland Tower Location : Batu Gantong, Penang Property Type : Luxury Condo & Townhouse Tenure : Freehold ... Read More

Siara 81

Siara 81 is located within the established township of Sungai Ara, Penang. This residential property development comprises 6 units 2-storey semi-detached and 75 units of terrace houses. Property Project : Siara 81 Location : Sungai Ara, Penang Property Type : 2-Storey Terrace & Semi-Detached Tenure : Freehold Total Units : ... Read More

Minden Residence

Minden Residence is located within the established township of Gelugor, Penang. This residential property development comprises 36 units 2-storey semi-detached houses. Each unit comes with practical design and layout with 3-bedrooms and 3-bathrooms. Property Project : Minden Residence Location : Gelugor, Penang Property Type : 2-Storey Semi-Detached Tenure : Freehold ... Read More

Tropicana Terrace @ Taman Bagan

Tropicana Terrace is delightfully connected to everywhere you need to be and anything you want that's just the start of the benefits of being a part of the established township of taman bagan. Located within the established township of Taman Bagan in Butterworth, Penang. This residential property development comprises 108 ... Read More

Better response to gated home schemes

RESIDENTS in Seberang Prai are now keen to buy houses in gated and guarded schemes (GGS) for better security, said Henry Butcher Malaysia senior manager Fook Tone Huat.He said more developers are now building GGS properties, as there is a growing demand for them.“House buyers do not mind paying extra ... Read More

Mah Sing Group Berhad receives Best Brand Award for third year running

Mah Sing’s Group Managing Director cum Group Chief Executive, Tan Sri Datuk Sri Leong Hoy Kum has been honoured with the prestigious Entrepreneur of the Year Award at the BrandLaureate Award 2010-2011 organized by the Asia Pacific Brands Foundation (APBF). At the same ceremony, Mah Sing Group Berhad was named ... Read More

LTV imposition not likely to have big impact on home loans growth

PETALING JAYA: Bank Negara’s move last November to introduce a loan-to-value (LTV) ratio for third and subsequent house financing facilities will not hamper residential mortgage loans growth this year or even reduce residential property prices significantly.A local bank-backed analyst said residential home loans growth might see a slight slowdown as ... Read More