Bank Negara sees lower inflation, maintains OPR
Bank Negara Malaysia (BNM) forecasts inflation for 2015 to be lower than earlier anticipated due to due to the lower energy and commodity prices. In a statement released on Wednesday, the central bank said at the Monetary Policy Committee (MPC) meeting, it was decided that the overnight policy rate (OPR) ... Read More
Penang’s cooling measure on properties has limited effect
As property owners in the city of George Town find their old buildings appreciating in value, the Penang government's ruling to prohibit foreigners from buying landed properties on the island under RM2 million will only have a limited effect and may be counterproductive. State local government exco Chow Kon Yeow ... Read More
Penang to see spurt in housing sales pre-GST
Real estate agents see a spurt in property activity in Penang in the first quarter of this year, spurred by an urgency to get deals closed ahead of the implementation of the goods and services tax (GST) on April 1. Raine & Horne Penang director Michael Geh said the uncertainty over ... Read More
TRI Pinnacle – 2nd Car Park Is Optional!
* UPDATE: Aspen Group has now clarified that the 2nd car park is OPTIONAL! Please visit their facebook page for more details. Recently the discussion in TRI Pinnacle has caught my attention and it seems that some affordable home buyers are being asked to buy a second car park that ... Read More
Affordable housing to drive property sector
All eyes will be on the affordable housing segment again this year, with residential properties priced around RM500,000, expected to drive the property market due to pent up demand. Zerin Properties CEO Previndran Singhe (pix) said the residential segment will continue to drive the property market this year, especially products ... Read More
Two more signatures for go-ahead
The abandoned Majestic Heights Phase 2A Project in Paya Terubong, Penang, is still short of two purchasers for the target set by the new developer for its revival. PLB-KH BINA Sdn Bhd, the new owners of the project, had targeted 220 purchasers to register for the revival but only 218 ... Read More
FAQ – Gated and Guarded Community
What is Strata Titles? When buying a condominium, apartment or any gated & guarded housing scheme, is equivalent to buying a parcel of property in a building or land, which will be subdivided, with each being issued an individual strata title. The strata title is similar to a land grant, ... Read More
Property growth set to slow as cooling measures, market uncertainty hit
Malaysia’s real estate market is expected to keep expanding at a lower rate this year, weighed down by Putrajaya’s cooling measures and mounting economic uncertainty, international property consultants Knight Frank said in its outlook for 2015. The high-end property market is set to be hardest hit in the residential sector, ... Read More
All residential stratified properties now ‘GST exempt supply’
All residential stratified properties are now categorised as "Goods and Services Tax (GST) exempt supply", said National Home Buyers Association (HBA) secretary-general Chang Kim Loong. Previously, only low-cost and low-medium cost properties were granted such exemption. Being categorised as "GST exempt supply" would mean that fees charged by a management ... Read More
Plans underway to set up mini Korean town at Penang mall
The Korean wave will hit Penang when a mini Korean town is set up at the Penang Times Square this year. Jaebok Holdings Sdn Bhd chairman Lee Jonggi said Phase Two of Penang Times Square would have some 150 retail lots opening up within six months. “We’re now in discussion ... Read More
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- @Loo I'm interested to your house, could you pm more detail to 88nancyloh@gmail.com ...Nancy on Affordable Housing @ The Zen
- I'm serious buyer and interested to buy your A1 high floor seaview (eventually i know...Nancy on Affordable Housing @ The Zen
- @PWK Hi PWK, i haven't received your email, are you still selling public unit at...Nancy on Affordable Housing @ The Zen
- @Chris I noticed many cars/bikes congregating and loitering along the road fronting Queens 1/2 during...Oh nice on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- Which part of Penang affordable is not beehive especially Bayan Lepas zone? 1. Island one...Islander on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @AG Zen ya little bit much better as got 2nd place beehive Havana/Maldives = 3,037...Ashraf on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @Islander is upgrade bayan lepas kkm clinic to hospital facilities: "The Penang government is now...Ashraf on Key projects addressed at Penang Development Briefing 2024
- Groundbreaking at Jan 2020, and 5 years later still no progress, and their internal keep...Chlow on Grace Harmony
- @Krie The Zen & Zen6 little bit much better than those project as managed by...AG Zen on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @wake up They are human, buy please buy house at their home town ya. ...Banu on AFFORDABLE: Pantai Jerjak / PDC Properties Sdn. Bhd.
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- Affordable Housing (Penang Island)
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