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Property News

RM4bil roads for Penang

RM4bil roads for Penang

GEORGE TOWN: The state government has announced plans to implement two new road projects costing some RM4bil to reduce traffic congestion on Penang island by up to 40%. Chief Minister Lim Guan Eng said the first project was a 4.2km inner ring road connecting Gurney Drive to the Tun Dr Lim Chong ... Read More
Jump in Penang property prices

Jump in Penang property prices

The most significant feature in Penang’s property market last year was the marked increase in prices in some established housing areas on the island, with single storey and double-storey terraced houses breaching the RM580,000 and RM800,000 respectively.Double-digit price and rental hikes were noted throughout the state in established housing areas, ... Read More
Attraction of average-size residential, shopping projects

Attraction of average-size residential, shopping projects

The built environment in the Klang Valley, Penang and other parts of the country is poised for major changes going by the ambitious infrastructure and development projects that have been planned to boost the liveability and growth potential of our major cities.Projects such as the mass rapid transit in the ... Read More
Taman Bagan Lalang - Township Development

Taman Bagan Lalang – Township Development

01-Single Storey Terrace Homes 02-Double Storey Terrace Homes 03-Double Storey Terrace Homes 04-Commercial Shop Lots 05-Damai 86 - Double Storey Terrace Homes 06-East View - Double Storey Terrace Homes 07-Open Space 08-Canary Terrace - Double Storey Linked Homes 09-Double Storey Semi-Detached Homes 10-Low Rise Apartment 11-Double Storey Terrace Homes 12-Proposed ... Read More
Taman Bagan - Township Development

Taman Bagan – Township Development

01 - Light Industrial Area 02 - Bagan 10 03 - Commercial Shoplots 04 - Double Storey Terrace 05 - Villa Sri Bagan 06 - Double Storey Terrace 07 - Single Storey Terrace 08 - Open Space 09 - Low Rise Apartment 10 - Open Space 11 - Market 12 ... Read More
Inflation and demand to lift property prices 10%-20% this year

Inflation and demand to lift property prices 10%-20% this year

“We also expect more foreign companies to set up base here. Our Islamic banking is No. 1 in the world (so) all this will attract foreigners to come into Malaysia,” Lim said, adding that this would also contribute towards pushing up prices of properties in Malaysia. He said rising oil ... Read More
Astro launches IPTV service

Astro launches IPTV service

More than 160,000 condominium homes in the Klang Valley and Penang will finally experience high definition Astro channels by the end of this year - a service they were deprived of since Astro launched its Astro B.yond decoders in December 2009. Under a package called Astro B.yond IPTV (internet protocol ... Read More
Mah Sing Group wins Four Prestigious Asia Pacific Property Awards

Mah Sing Group wins Four Prestigious Asia Pacific Property Awards

The Asia Pacific Property Awards 2011 in association with Bloomberg Television have just been judged and Mah Sing Group has been informed that it is amongst the winning companies.Successful entrants have been invited to attend a high profile gala presentation dinner at the Longemont Hotel Shanghai on May 31. Mah ... Read More
New housing guidelines result in fewer complaints from developers

New housing guidelines result in fewer complaints from developers

THE Penang Government is getting fewer complaints from developers since the implementation of new housing guidelines for the island in the second half of last year.State Local Government and Traffic Management Committee chairman Chow Kon Yeow said the number of visits made by developers to see him about complaints had ... Read More
Don’t circumvent Bank Negara’s ruling

Don’t circumvent Bank Negara’s ruling

Last November, Bank Negara introduced a macroprudential measure to curb speculation in the property market. Buyers of third and subsequent properties were required to pay a minimum downpayment of 30% of the purchase price.Four months into that ruling, Bank Negara’s monthly statistical bulletin showed that for four consecutive months since ... Read More