fbpx

Property News

Work on Air Itam market on schedule

Work on Air Itam market on schedule

Phase Three of the RM1mil facelift for the Air Itam market in Penang is scheduled to begin next month. Air Itam assemblyman Wong Hon Wai said this phase involved the upgrading of six stalls for poultry. “In the first two phases which ended last month, 20 sundry goods stalls, 25 ... Read More
Colour-coding strategy

Colour-coding strategy

PENANG island will be divided into three colour-coded zones with the red zone designated as dirty under a blueprint proposed by the Penang Municipal Council (MPPP) to make the island a cleaner place. The two other zones are the orange and green zones (moderate and clean zones respectively). MPPP president ... Read More
Guidelines for Development of Gated Community

Guidelines for Development of Gated Community

This is the guidelines for development of gated community from Selangor Housing and Property Board, under Section 6 (1A) Strata Titles Act 1985 (Act 318). I think Penang also have similar Guidelines. Gated Community as defined by the Selangor Housing and Property Board is a development that is demarcated with a physical structure that ... Read More
Rising costs a challenge for developers

Rising costs a challenge for developers

A LOT HAS been said about how much it costs now to buy a house or an apartment. For someone who is just starting out, or for a newly married couple looking to buy their first home, it can mean making a huge sacrifice elsewhere just so there is enough ... Read More
Married couples with joint income below RM3,500 are eligible

Married couples with joint income below RM3,500 are eligible

MARRIED couples in Penang will have the opportunity to purchase their first home at RM67,500 in Paya Terubong. State Town and Country Planning, Housing and Arts Committee chairman Wong Hon Wai said that buyers who fulfilled the criteria would be eligible to buy the low medium-cost Suria Vista apartments. “Interested ... Read More
New township geared for middle and high income group

New township geared for middle and high income group

THE Pearl City new township project in Simpang Ampat is the pride of Tambun Indah Land Bhd, boasting of a mixed development that would cater to the future needs of the population in mainland Penang.The project consists of Pearl Garden, with 152 double-storey terrace units and 164 semi-detached double-storey units, ... Read More
E&O plans 4 new Quayside condo blocks

E&O plans 4 new Quayside condo blocks

KUALA LUMPUR: Property developer Eastern & Oriental Bhd (E&O) expects to launch four new blocks at its Quayside Seafront Resort and Condominiums project in Penang this year. Its deputy managing director Eric Chan said the company was optimistic about the project. "So far, out of the total seven condominium blocks ... Read More
Ivory confirms bid for Bayan Mutiara project

Ivory confirms bid for Bayan Mutiara project

"I can confirm that we have submitted a bid by responding to the Penang government's request for proposal to develop the land and are now awaiting word from the state authorities," the company's deputy chairman and executive director Datuk Seri Nazir Ariff Mushir Ariff told Business Times after Ivory Properties' ... Read More
Penang all out to attract more long-term foreign visitors

Penang all out to attract more long-term foreign visitors

THE Malaysia My Second Home (MM2H) programme is set to get a push from the Penang Govern-ment.State Tourism Development and Culture Committee chairman Danny Law said a committee would be formed to promote the programme, adding that the state was hoping to get more foreigners to come to Malaysia, especially ... Read More
House scheme to go nationwide

House scheme to go nationwide

GEORGE TOWN: Deputy Prime Minister Tan Sri Muhyiddin Yassin said the affordable quality housing programme for urban centres that was launched under a public-private partnership initiative, previously limited to the Klang Valley, would now be extended to the entire country. Muhyiddin said Prime Minister Datuk Seri Najib Tun Razak gave the nod ... Read More