Average cost of Malaysian homes hits the RM300,000 mark in 1H15
The median home value in Malaysia has hit the RM300,000 mark in the first half of 2015 (1H15), with Selangor, Penang, Sabah and Sarawak continuing to exceed the average price since 2004. Preliminary data for the second quarter of 2015 showed the Malaysian Housing Price Index registering 220.2 points, which ... Read More
PR1MA mulling over housing project takeovers in Penang
The federal government’s 1Malaysia People’s Housing Scheme (PR1MA) in Penang may see projects by other developers being taken over, Penang Federal Action Council chairman Datuk Seri Zainal Abidin Osman said yesterday. He said PR1MA was looking at projects that had run out of funds, and even completed projects, so as ... Read More
SPICE project to wrap up final 20% of construction by end 2016
The RM350mil Subterranean Penang International Convention and Exhibition Centre (SPICE) project in Bayan Baru is 80% done and should be completed by the end of next year. Among the components already up are the SPICE Aquatic Club (RM16mil), SPICE Canopy comprising F&B retail outlets (RM28mil) and the upgrading of the ... Read More
Rising property prices – paper gains mean nothing
By National House Buyers Association In our article last month, we highlighted the report by Khazanah Research Institute on ‘Making Housing Affordable’, which showed that the Malaysian all-house price index grew steadily at a compounded annual growth rate (CAGR) of 3.1% from 2000 to 2009, and suddenly accelerated at a ... Read More
Asia Green to build residences overlooking Penang’s Pulau Jerejak
From its beginnings in plywood production and manufacturing, Penang developer Asia Green Group has become a diversified business entity with a fast-growing property development business. The group will launch its upcoming QuayWest Residence, a mixed-use development project with a gross development value of RM600 million, early next year. Located just ... Read More
New Measures to Ease Affordable Housing Application and Development
In an effort to improve the accessibility while stimulating the affordable housing development in Penang, the state government has introduced several new measures to ease the current market situation. Increase in household income ceiling With the hope that more applicants will be able to obtain bank loans, the household income ... Read More
A retail paradise in the making
With three major shopping malls being planned for Seberang Prai, the mainland will soon rival the island as a shopping paradise. The three malls are The Design Village (net lettable area (NLA) 400,000 sq ft), Ikea and Ikano Power Centre, and unnamed mall project by Belleview Goup (1.5 million sq ... Read More
Developer interest bearing scheme proposed for first-timers
Mah Sing Group Bhd is proposing to the Government to bring back the developer interest bearing scheme (DIBS) for first-time home buyers. The developer is also suggesting a review of the real property gains tax (RPGT) as among several measures to boost the sector. “The property industry has a larger ... Read More
UDA launches nationwide property carnival
UDA Holdings Bhd (UDA) has launched its property carnival U4RIA 2015 to offer prospective buyers a wide array of property products. The property carnival is being held simultaneously across the country by UDA subsidiaries, mainly in the Klang Valley (UDA Land Central Sdn Bhd), the northern region (UDA Land North), ... Read More
Finally an honest admission – House prices in Malaysia are unaffordable
The National House Buyers Association (HBA) is glad that the research report by Khazanah Research Institute (Khazanah Research) released on Aug 24, 2015 titled “Making Housing Affordable” shows that average house prices in Malaysia are more than four times the median income, which makes such properties to be considered as ... Read More
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- Crazy, cut mountain again ...MajorArches on Iconic raises RM95.6mil through rights issue, plans for land purchase
- different is the bad location, spec lousier and higher density. two tower gimmick for sales...Lim on AFFORDABLE: Jelutong / Acara Prestasi Sdn. Bhd.
- I studied this before using google map. Full Penang bridge view depend on you are...Hemsley on Mezzo at The Light City – Luxurious seafront condo
- @ Jay, Many thanks for your advise. Will go to IJM office. Thanks ...kingkong on Mezzo at The Light City – Luxurious seafront condo
- @kingkong As i mentioned above, you can go IJM office to take a look their...Jay on Mezzo at The Light City – Luxurious seafront condo
- Hi All, Is the Tower B unit 1 to unit 4 facing sea view will...kingkong on Mezzo at The Light City – Luxurious seafront condo
- I would say that Mezzo got great potential for better rental yield. The rest very...Hemsley on Mezzo at The Light City – Luxurious seafront condo
- @huat Thanks again for your response. Excellent analyses. Yeah, I concur there’s not a single...Anon on Mezzo at The Light City – Luxurious seafront condo
- @Beng Thanks for the reply. Seems like they are targeting a niche market, and not...Anon on Mezzo at The Light City – Luxurious seafront condo
- @Anon Well, I personally believe higher yield cannot be attributed alone to cheaper purchase price,...huat on Mezzo at The Light City – Luxurious seafront condo
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