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Property News

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
To buy a home or wait

To buy a home or wait

First time home buyers who are daunted by soaring prices of residential properties in the Klang Valley should not wait in the hope of a softening in the property market.Prospective new home buyers may want to take note of rising construction costs that are driving up property prices, as well ... Read More
For all home needs

For all home needs

Relaxing bath: Models posing in a whirlpool tub by Modern Depot, which features a touch screen control panel and underwater lighting. THOUSANDS of homeowners journeyed through a wonderland of great designs, fresh ideas and innovative concepts at Homedec 2011, which kicked off yesterday at the Penang International Sports Arena (PISA) ... Read More
Lab sessions to steer Penang transformation

Lab sessions to steer Penang transformation

GEORGE TOWN: The proposed Greater Penang Transformation Programme (GPTP), which is likely to include parts of Kedah and Perak, may study how to improve the agriculture supply chain and logistic efficiencies, among others. Under the 10th Malaysia Plan, Greater Penang has already been earmarked to benefit from a total investment ... Read More
E&O aims to begin reclamation work for RM12bil Penang project

E&O aims to begin reclamation work for RM12bil Penang project

Aerial view of Seri Tanjung Pinang phase one, showing Straits Quay festive retail mall.The upcoming Quayside Seafront Condominiums is superimposed on this actual site photo. PETALING JAYA: Eastern & Oriental Bhd (E&O) is targeting to commence reclamation work next year for 740 acres of land in Tanjong Tokong in the ... Read More
Construction, renovation industries to gain RM3bil

Construction, renovation industries to gain RM3bil

GEORGE TOWN: The RM2.94bil in gross sales value (GSV) of housing projects to be launched this year is expected to generate about RM3bil worth of jobs for the construction and renovation industries in Penang.Penang Master Builders and Building Materials Dealers Association (PMBBMDA) deputy president Lim Kai Seng told StarBiz that ... Read More
Penang govt's nod lifts E&O

Penang govt's nod lifts E&O

KUALA LUMPUR: While Penang's property market has been sizzling, the stock price performance of the island's largest developer - Eastern & Oriental Bhd (E&O) - has been lukewarm, although that could very well soon change.After facing a couple of challenging quarters compared with its peers in terms of investor interest, ... Read More
First yacht calls at Straits Quay New marina a catalyst for growth in water activities and coastal limo service

First yacht calls at Straits Quay New marina a catalyst for growth in water activities and coastal limo service

THE Straits Quay marina in Tanjung Tokong, Penang, welcomed its first guest vessel with the promise of a wholesome lifestyle experience for visiting boaters.The Amadeus, a 28m-long motorised yacht owned by Singaporean entrepreneur Herman Ho, made her way into the marina, accompanied by Eastern & Oriental Bhd’s (E&O) own vessel, ... Read More
SP Setia may make foray into S'pore soon

SP Setia may make foray into S'pore soon

KUALA LUMPUR: SP Setia Bhd (8664)is considering the possibility of venturing into Singapore's property market soon, says its president and chief executive Tan Sri Liew Kee Sin. "With the breadth and depth of products that we have to offer, from townships to luxury homes and integrated commercial developments, we are ... Read More