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Property News

Penang property a goldmine

Penang property a goldmine

Property in Penang will continue to remain a favourite choice among investors as it is expected to show returns that are above the national average.Henry Butcher Malaysia (Penang) Sdn Bhd director Dr Jason Teoh said property investment was generally perceived to have a longer term horizon as it was not ... Read More
BNM may increase interest rates in 2011

BNM may increase interest rates in 2011

A rise in consumer price index (CPI) may impel Bank Negara Malaysia (BNM) to resume increasing interest rates, by 25 basis points each in the second and third quarter of 2011, respectively.The central bank, however, is expected to keep its monetary policy on hold in the first quarter of 2011 ... Read More
No woes from 5/95 home loans foreseen

No woes from 5/95 home loans foreseen

PETALING JAYA: As the timeframe for repayment of homes purchased under the 5/95 home loan scheme draws near, all eyes will be on the ability of buyers to repay their loans amid forecasts of a slowing economy next year.A banking industry source estimated that 20% to 30% had started repayment ... Read More
P2

Dua Villas @ One Residence

Dua Villas is a blend of Chinese chic and contemporary design that combines the best of both elements. With Dua Villas, the architects have put together a home that is balanced, harmonious and ecological. Element that are often neglected in today’s busy lifestyle. It features a glass canopy which enables ... Read More
Penang should allow more reclamation to address land shortage

Penang should allow more reclamation to address land shortage

GEORGE TOWN: The state government should allow more reclamation, higher plot ratio, development above 250 feet in certain areas and development of other parts of the island to address the current land shortage for property development.Penang Real Estate and Housing Developers Association (Rehda) chairman Datuk Jerry Chan said with land ... Read More
Hunza braces for transformation

Hunza braces for transformation

THE completion of a lifestyle shopping mall along with an office tower by 2012 is set to transform Hunza Properties Bhd (HPB) (5018) from a property developer to that of a real estate landlord. The Penang-based company, which is due to announce two new anchor tenants for its Gurney Paragon ... Read More
Rehda: High cost of land reason for steep house prices in Penang

Rehda: High cost of land reason for steep house prices in Penang

GEORGE TOWN: The Real Estate and Housing Developers' Association (Rehda) of Penang is claiming that the high cost of land is the main reason for houses being sold at high prices in the state.Chairman Datuk Jerry Chan Fook Sing said the high cost of land was also the reason for ... Read More
Penang properties the most expensive

Penang properties the most expensive

PRICES of properties on Penang island are the most expensive in Malaysia. Socio-Economic and Environmental Research Institute (SERI) senior fellow Dr Michael Lim Mah Hui said the average house price last year was RM540,000 or eight times the average household income. In comparison, the average house price in Kuala Lumpur ... Read More
Penang houses are just ‘not affordable’ CAP describes prices for homes as exorbitant

Penang houses are just ‘not affordable’ CAP describes prices for homes as exorbitant

THE average price of a house on Penang Island in 2009 was RM550,000 — the highest in the country and RM160,000 more than the average price of a house in Kuala Lumpur.State government think tank, Socio-Economic and Environ-mental Research Institute (Seri), said the price was eight times the average household ... Read More
New builder for major project <br />High-end property scheme in Batu Ferringhi to be rebranded

New builder for major project
High-end property scheme in Batu Ferringhi to be rebranded

GEORGE TOWN: Mah Sing Group Bhd will apply for approval to take over the planning permission for the Tropika Ferringhi project given to the previous land owner.Mah Sing said in a statement that on 22 November, the group had acquired a piece of freehold land in Batu Ferringhi which had ... Read More